Food Humectants Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Source (Synthetic, Natural), By Type (Sugar Alcohol, Glycerol, Glycol, Others), By Application (Bakery Products, Functional & Nutritional Foods, Beverages, Others), And Geography - Forecasts From 2019 To 2024

The food humectants market is estimated to witness a CAGR of 6.97% to reach US$27,891.126 million in 2024 from US$18,613.198 million in 2018. Humectants are food additives mostly used for the purpose of controlling viscosity and texture and also to retain moisture, improve softness and reduce water activity. Increasing consumer inclination towards nutritional food and functional beverages is a key factor driving the growth of the food humectants market. The growing awareness about food additives, change in lifestyle of consumers, and the adoption of a healthy lifestyle is further expected to fuel up the market growth during the forecast period.

The food humectants market has been segmented on the basis of source, type, application, and geography. By source, synthetic is expected to hold a significant market share owing to the wide application of synthetic humectants in major industries such as food & beverage, cosmetics, personal care, and others. By type, the sugar alcohol segment is anticipated to hold a substantial share on account of the high usage of sugar alcohol in bakeries and other food products.

Geographically, the North America region is expected to hold the highest market share due to FDA approval of using humectants in food and beverage products, while Asia-Pacific is also projected to be a prominent region for the food humectants market during the forecast period owing to the rising disposable income in countries like China and India coupled with increasing demand for functional and nutritional food.

DRIVERS
• Improving consumer lifestyle.
• Rapidly growing food and beverage industry.

RESTRAINTS
• Stringent regulations

The major players profiled in the Food Humectants market include Cargill, Inc., Roquette Frères, Archer Daniels Midland, Galactic, Ingredion Incorporated, BASF SE, Corbion N.V, The DOW Chemical Company, and Barentz.

Food Humectants Market Scope:

Report Metric	Details
Market size value in 2018	US$18,613.198 million
Market size value in 2024	US$27,891.126 million
Growth Rate	CAGR of 6.97% from 2018 to 2024
Base year	2018
Forecast period	2019–2024
Forecast Unit (Value)	USD Million
Segments covered	Source, Type, Application, And Geography
Regions covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies covered	Cargill Inc., Batory Foods, Roquette Frères, Archer Daniels Midland, Galactic,   Ingredion Incorporated, BASF SE, Corbion N.V, The DOW Chemical Company, Barentz
Customization scope	Free report customization with purchase

 

Segmentation

The food humectants market has been analyzed through the following segments:

• By Source
o Synthetic
o Natural

• By Type
o Sugar Alcohol
o Glycerol
o Glycol
o Others

• By Application
o Bakery Products
o Functional & Nutritional Foods
o Beverages
o Others

• By Geography
o North America
? USA
? Canada
? Mexico

o South America
? Brazil
? Argentina
? Others

o Europe
? Germany
? France
? United Kingdom
? Spain
? Others

o Middle East and Africa
? Saudi Arabia
? Israel
? Others

o Asia Pacific
? China
? Japan
? South Korea
? India
? Others

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Frequently Asked Questions (FAQs)

Q1. What will be the food humectants market size by 2024?
A1. The food humectants market is estimated to reach a total market size of US$27,891.126 million by 2024. 

Q2. What is the size of the global food humectants market?
A2. Food Humectants Market was valued at US$18,613.198 million in 2018. 

Q3. What are the growth prospects for the food humectants market?
A3. The global food humectants market is estimated to witness a CAGR of 6.97% during the forecast period. 

Q4. Which region holds the largest market share in the food humectants market?
A4. Geographically, the North American region is expected to hold the highest market share due to FDA approval of using humectants in food and beverage products. 

Q5. What factors are anticipated to drive the food humectants market growth?
A5. Increasing consumer inclination towards nutritional food and functional beverages is a key factor driving the growth of the food humectants market.

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