The global beauty drinks market is anticipated to grow at a compound annual growth rate of 8.27% over the forecast period to reach a market valuation of US$1,676.638 million by 2029, from US$961.450 million in 2022.

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Beauty drinks are nutritional drinks that promote anti-ageing, brighten the skin, and diminish the appearance of acne, scars, and pigmentation. These beverages aid in skin detoxification since they are made with botanical extracts of vegetables and fruits and are enriched with important amino acids, vitamins, minerals, and antioxidants. Additionally, the increased demand for beauty drinks is due to a significant shift in consumer lifestyles globally. Globally, the requirements and expectations of aging customers are evolving, as evidenced by an increase in demand for specialized solutions that enhance and beautify the outward appearance. They can also aid in skin tightening and the maintenance of healthy nails and hair. Hence, the market size is anticipated to surge in the next five years.

Technological advancements have enabled the foods and drinks, pharmaceutical, and personal care businesses to combine, with the borders that separate each industry becoming increasingly blurred. One important result of this has been the emergence of beauty beverages that claim to improve attractiveness organically and from within.

The increasing awareness of nutricosmetics in addition to the rising trend of retail sales with the implementation of digitalization is the primary key factor in expanding the market share during the forecast period.

Collagen peptides, which stimulate organic collagen-producing cells and decrease premature wrinkles are commonly included in beauty beverages. There is a growing demand for beauty beverages such as collagen-based drinks due to increased knowledge of beauty drinks that provide healthy aging benefits with a concentration on the face, scalp, and nail beauty.

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Collagen is a key ingredient driving the beauty drinks industry. Get our in-depth report on the Collagen Market to understand global trends, key applications, and growth forecasts.

This is because rising consumer knowledge of the advantages of collagen peptides and tripeptides incorporated in human nutrition has gained momentum in both the nutrition and cosmetic industries, leading to the global rise of nutricosmetic solutions.

Furthermore, protein beauty drinks are likely to have a significant proportion of the market over the projection because they are protein-rich components that play a vital role in skin care regimens, which is driving market expansion. It helps to rejuvenate the consumer’s complexion from the inside out when taken regularly. Protein-rich beauty beverages provide various anti-aging advantages, including improved hair and skin, joint restoration, and gut healing.

The market size is estimated to grow with the extensive product launches by beauty companies

Several companies have introduced products and have partnered with other companies to expand their operations which in turn will lead the market to drive revenue in addition to attracting consumers. For instance, Oriflame Cosmetics collaborated with design studio Butterfly Cannon to develop Wellness Aqua Glow in May 2020. Aqua Glow, a beauty drink combining Ceramosides and lingonberries, was the focus of the cooperation. Swedish chemists created the drink to “supplement skin care procedures and promote moisture from the inside out.” Similarly, Sappe PCL announced two new beauty beverages with a less sweet mix that assist enhance immunity while also enhancing skin complexion in October 2021. Beauty Booster includes chlorophyll, zinc, vitamin E, and vitamin B5 to aid in detoxification and immunity while also providing skin benefits. Beauti Immu-C includes 200% beta-glucan, zinc, and vitamin C to aid in the battle against free radicals, increase immunity, and improve skin.

The rising consumer awareness along with the increasing rate of the aging population will surge the market share in the next five years

Beauty beverages contain antioxidant-rich substances such as botanical extracts from fruits and other herbs, minerals, and vitamins. The majority of beauty beverages are consumed by beauty-conscious customers who lead busy lives. During the projection period, a growing population of health-conscious customers, along with high levels of disposable income in developing countries, is likely to create new development prospects. The increased consumer awareness of anti-ageing goods and healthy beverages has resulted in the creation of several new drink categories, such as functional and beauty drinks. In industrialized nations, customers prefer functional beverages with additional vitamins and minerals to their equivalents, including carbonated soft beverages.

Moreover, the increasing number of aging populations will drive the market trend to surge by generating demand for anti-ageing beauty drinks all around the world. According to UN figures, the number of individuals aged 60 and more will exceed 2.1 billion by 2050, more than double the figure of 962 million in 2017. Furthermore, the number of persons aged 80 and up is expected to triple between 2017 and 2050, from 137 million to 425 million.

According to analysts, the Asia-Pacific region is expected to witness positive market growth in the upcoming years.

Based on Geography, the global beauty drinks are classified as North America, South America, the Middle East, Africa, Europe, and Asia Pacific. Due to consumer awareness and market competitiveness among companies, the market share for this region is predicted to witness a surge. For instance, in September 2020, VANI-T and U-TONIC, two South Australian firms, announced a world-first partnership, a collagen-infused beauty kombucha. The Lumiere Collagen Beauty Elixir is a novel hybrid product that combines beauty and science. Along with the kombucha, VANI-T is introducing a collagen herbal beauty tea mix, which is another first in the collagen wellness category. VANI-T is an Australian luxury tanning, beauty, and wellness firm that serves millions of customers worldwide. Their organic spray tanning formulations are based on indigenous plants and organic components from Australia. U-TONIC is recognized for producing scientifically blended beverages made from 100% natural ingredients, to improve people’s physical and mental health through its ‘functional’ beverage line.

COVID-19 Insights

The COVID-19 virus epidemic had a detrimental influence on market expansion in 2020, owing to higher rates of unemployment, social distancing as well as lockdown precautions, and lower consumer spending globally. At the height of the epidemic, customers prioritized basic commodities and products, resulting in lower total expenditure on beauty products. Marketing costs have decreased globally, as have the postponement and rescheduling of product launches, as well as other related considerations. Furthermore, industrial units were shut down, adding to the already minimal customer preferences.

Global Beauty Drinks Market Scope:

Report Metric Details
Market Size Value in 2022 US$961.450 million
Market Size Value in 2029 US$1,676.638 million
Growth Rate CAGR of 8.27% from 2022 to 2029
Study Period 2019 to 2029
Historical Data 2019 to 2022
Base Year 2023
Forecast Period 2024 – 2029
Forecast Unit (Value) USD Million
Segments Covered
  • Type
  • Application
  • Geography
Companies Covered
  • Sappe Public Company Limited
  • LR Beauty & Health
  • Kinohimitsu-Global
  • Hangzhou Nutrition Biotechnology Co., Ltd.
  • Weetabix Limited
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope Free report customization with purchase

Dairy packaging is widely used in different dairy products or items such as milk, butter, cheese, and others. These dairy products are widely popular because it is very nutritious for the user to intake with several other health benefits that these dairy products provide. These dairy products come in a wide range from liquid products like milk to semi-solid products like cheese. Each of these different types of product has its own unique need of packaging to ensure its safety and quality over the period till it reaches the customer.

Additionally, dairy packaging is used to enhance the shelf life of various dairy products and to make sure the product quality remains intact throughout the product life-cycle from the manufacturing unit where the product is packaged to the retail shop and is stored under specific conditions according to the product needs and at last, it reaches to customer. In this whole cycle of dairy products, dairy packaging plays a crucial role in providing safe and reliable packaging that can last throughout the process without letting the product inside the packaging get spoiled or damaged. Different types of packaging are available for each type of dairy product with different types of materials such as bottles, containers, pouches, and cartons. This dairy packaging ensures the preservation of the nutritional value of these dairy products due to which they are widely adopted.

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Global Production Trends

The production of dairy packaging has been steadily increasing over the years and the industry has been booming in recent times with its applications increasing in demand. For instance, factors such as rapid growth in the dairy products industry need an effective packaging solution for these dairy products such as bottles or cartons to store milk or other liquid dairy products to make sure the consumer experience remains efficient and enjoyable while consuming these dairy products. This in turn leads to several dairy product manufacturers adopt these effective dairy packaging solutions into their production or manufacturing process to grow sales. Furthermore, dairy packaging has been widely adopted by major dairy product manufacturers in recent times as it increases the shelf life of the products which in turn grows the demand for these packaging products in the market.

In recent years, there has been a notable increase in the production of dairy packaging in emerging economies that has increased urbanization in several countries across the globe coupled with technological advancements in the packaging industry that have significantly improved the dairy packaging industry. Additionally, it has improved the user experience with the advancements in packaging technologies with interactive packaging designs to attract customers to buy their dairy products and easy-to-access packaging solutions for these products.

As dairy packaging has so many features and benefits, the demand for it has seen rapid growth in various dairy product manufacturers that produce a wide range of dairy products such as the usage of dairy packaging in different kinds of milk in a variety of packaging according to their quantity like pouches or cartons, and dairy packaging for butter that comes in carton or plastic tubs as well and each packaging makes sure to keep the product quality intact throughout its shelf life. Moreover, the need for efficient and innovative dairy packaging solutions to speed up the production process of dairy products to meet the global demand with the increasing global population is predicted to proportionally grow the production for dairy packaging as well.

Dive into the Milk Packaging Market

Learn about the latest trends and innovations in milk packaging, a key segment of dairy packaging, with our detailed market report.

Dairy packaging use case

The use of dairy packaging in different dairy products is a huge trend in the market these days as dairy product manufacturers are switching over to more efficient options for increased shelf-life and preservation of the product’s freshness throughout the product life cycle for the consumer by using effective dairy packaging solutions for different dairy products and make the day-to-day production operation of these dairy products easy to produce.

Also, the significant growth in the packaging industry and new and innovative solutions that are being developed around the globe are heavily influencing the growth of the dairy packaging industry. Therefore, the growth and innovations in the packaging industry globally will increase the use cases and production of dairy packaging in the market significantly. For instance, according to the Invest India government website, the global packaging market was estimated at $917 billion in the year 2019 and is expected to reach $1.05 trillion in 2024. This growth in the packaging industry is expected to positively influence the dairy packaging demand in the market over the forecast period.

Figure 1: Growth in the Packaging Industry Globally, From 2019-24 (In Billion Dollars)

growth in the packaging industry

Source: Invest India

Moreover, dairy packaging solutions are widely used by different dairy product manufacturers including domestic or international dairy product manufacturers where every dairy product is integrated with this effective dairy packaging solution to make the customer experience more convenient with the use of pouches and cartons to store these dairy products which are to be accessed by the consumers worldwide. Therefore, with a rise in demand in these use cases for dairy products, there is a lot of research and development done to make dairy packaging solutions suitable for a variety of dairy products.

Understand the Folding Cartons Market

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Market Dynamics and Drivers

Several factors drive the dairy packaging market, including a rise in applications for them across different dairy products which can enhance their shelf life and protect them from getting contaminated during their product life cycle like bottles and cartons for milk and pouches for curd.

Moreover, the growth in technological advancements made in the packaging solutions has made it convenient for the customer to use the dairy products according to their need which has positively impacted the dairy packaging market. So, with this rapid growth and innovation in packaging technology and the popularity of dairy products among the general public, the need for suitable dairy packaging is rising proportionally.

The development and innovation in different types of packaging solutions for a variety of dairy products made using new and innovative dairy product production processes across the globe is one of the growth factors in the dairy packaging market. The growth in global demand for dairy products such as milk, curd, butter, cheese, and others due to their nutritional value and day-to-day use in these products to cook various types of foods is driving the dairy packaging market.

The growth in awareness about health benefits from these dairy products especially milk has significantly increased the global demand for milk products. The growth in the demand for these dairy products including milk is expected to boost the market growth of dairy packaging over the forecast period. For instance, milk production in India has significantly grown from 80.6 million tonnes in the year 2001 to 210 million tonnes in the year 2021.

Figure 2: Growth in Milk Production in India, From the Year 2001-21 (In Millions of Tonnes)

growth in milk production

Source: pib.gov.in

Key Developments

  • In August 2023, DOW, a global leader in material sciences collaborated with Mengniu, one of the biggest dairy companies in China decided to launch a PE or all-polyethylene yogurt pouch that is specially designed such that it can be recycled.
  • In February 2022, Tetra Pak, a global leader in packaging solutions collaborated with Warana, a dairy product manufacturer to launch their first-ever holographic packaging material for the 1 liter Ghee or clarified butter package in India.

In conclusion, the dairy packaging market presents significant opportunities for growth and innovation, driven by the increasing popularity of dairy products due to their health benefits around the globe especially milk. While facing challenges such as fluctuation in packaging material costs that negatively affect various dairy product manufacturers and huge investments for research and development for new and innovative dairy product packaging solutions, the industry is poised to capitalize on technological advancements and innovations to meet the needs of a growing global demand for dairy products while ensuring the quality and integrity of the products using the dairy packaging solutions.

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The global vehicle emission sensor market is projected to grow at a CAGR of 2.01% during the forecast period to reach US$4.496 billion by 2027, from US$3.911 billion in 2020.

Located in the exhaust pipe of vehicles, a Vehicle emission sensor is a highly sensitive device that is used to detect and measure the concentration of exhaust gas emitted by the internal combustion engine of vehicles. These sensors are used for control as well as diagnostic purposes as modern-day engines are required to control a wide range of parameters for the smooth functioning of automobiles such as fuel injection amount, air flow, EGR, engine temperature, exhaust oxygen content, and many more. On a wider basis, oxygen sensors and nitric oxide sensors are used to detect the emission gases from modern-day vehicles.

The augmenting automobile demand due to rising disposable income and the growing air pollution concerns has accelerated the vehicle emission sensor demand during the forecast period.

As the market for automobiles in the world is growing the environmental concerns attached to the rising number of automobiles are increasing simultaneously. Owing to higher disposable income and the necessity to travel from one place to another have boosted the demand for automobiles in the past few years. As per the ACEA (European Automobile Manufacturers Association), a total of 79.1 million motor vehicles was produced in 2021 in the world, the statistics say that the number has increased by 1.3% from the previous year. Additionally, rising innovations and technological advancements are attracting new customers to the automobile market.

Furthermore, in the past few years, the demand for electronic vehicles has surged as they are environmentally safe alternatives to their traditional counterparts. EVs significantly help the environment by the reduction in greenhouse gas emissions. Also, EVs are safer alternatives in the automobile industry. For instance, rising innovation in the EV sector is driving the demand for EVs across the world. In December 2021, Model Y of Tesla was awarded IIHS Top Safety Pick+. The Model Y cars are built for North American markets to provide high-end safety to the drivers, passengers, and pedestrians.  Furthermore, EVs can offer rapid charging capability, high-resolution intelligent displays, part assistance cameras, environment-friendly components and many more are boosting the demand for automobiles.

The global air pollution concerns are also rising which is creating alarming demand to keep an eye on vehicle emissions. According to the World Health Organization, the greatest health risk is air pollution. Additionally, the Ambient (outdoor) air pollution report published by WHO in September 2021 states that air pollution is the root cause of stroke, lung diseases, and both chronic and acute respiratory diseases, including asthma. The outdoor air pollution is mainly caused due to industries, transport, and urban planning among others. And with the rising number of transport vehicles, motor vehicles, etc. the risk of air pollution is rising every year. Hence, the need to regulate the emissions by vehicles is surging.

The rising government initiatives to control the air quality are boosting the demand for vehicle sensors.

The increasing efforts by numerous independent organizations to reduce air pollution and vehicle emission have opened the eyes of governments across the world. Organizations like ICCT (The International Council on Clean Transportation) are taking a step forward to provide technical and scientific analysis to environmental regulators. The EPA (Environment Protection Agency) has reported in its June 2022 report that a typical passenger vehicle emits about 4.6 metric tons of CO2 per year. Such rising environmental concerns across the globe have encouraged government initiatives to monitor the emissions from vehicles. For instance, in India, the Bharat Stage (BS) Norms set by the Central Pollution Control Board of India mandate all vehicle manufacturers to sell only those vehicles which comply with BS norms. The BS-VI- which is applicable from 2020 allows only 10ppm of sulfur. So, these vehicle sensors help to keep track of the emissions from the vehicles and ultimately contribute to compliance with legal emission limits.

Additionally, these vehicle emission sensors are also mandatory in many cases. For instance, under the ODB-II regulation, the O2 sensors are mandatory on all cars manufactured since 1981. The regulation also states that all cars made in 1996 and after are required to have a second oxygen sensor that is located below the catalytic converter. The O2 sensors are used to monitor how much-unburned oxygen is present in the exhaust.

The market is anticipated to prosper as a result of rising market competition

The rising demand for these vehicle emission sensors is also boosting the market competition as companies like IMR Environmental Equipment, Inc. Cubic Sensor and instruments, and SenSic AB have launched their vast range of NOx sensors in the market. For example, IMR offers Model 1440FL portable- Exhaust Gas Analyzer which is designed to measure exhaust gases on Forklift Trucks, Generators, cars, and machinery which are powered by gas or diesel engine. On the other hand, Cubic offers Model NOx Sensor- 5WK96616F which can be used to detect the content of nitrogen oxides in engine exhaust. These NOx sensors by Cubic are used for catalyst management in vehicles that have gasoline or diesel engine. These market players are benefiting through the higher sale of automobiles and thus, the market competition offering vehicle emission sensors in the market is also rapidly increasing.

The increasing growth of the automotive industry in the Asia Pacific region is supporting the global vehicle emission sensor market growth

With the growing economies like India and China, the Asia-Pacific region is expected to boost the demand for automotive causing an increase in the demand for vehicle emission sensor market. In 2021, the Asia-pacific region produced a total of 4,67,32,785 units as per the OICA statistics report. China is a dominant position in the Asia-pacific automotive market.

COVID-19 Insights

The pandemic harmed the global vehicle emission sensor market, owing to the significant impact of COVID-19 on the automotive industry. During the pandemic, consumer behavior focused more on necessities than luxury goods, hence the overall automotive sector felt the impact of the COVID-19 pandemic in terms of sales. For instance, the Ford-2020 annual report indicated an overall decrease in the sale of vehicles to the dealerships in 2020. The total vehicles sold to the dealership was 5,386 thousand units in 2019 which fell to 4,187 thousand units in 2020. Major factors like disposable income, epidemic severity, and travel restrictions led to declining demand for automobiles which in turn lowered the demand for vehicle sensor market from the end-user industry. 

Global Vehicle Emission Sensor Market Scope:

Report Metric Details
 Market Size Value in 2020  US$3.911 billion
 Market Size Value in 2027  US$4.496 billion
 Growth Rate  CAGR of 2.01% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Sensor Type, Vehicle Type, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered DEPUSA, TE Connectivity, Sensors, Inc., Littlefuse, Inc., DENSO CORPORATION, Continental AG, BorgWarner Inc., BBT Automotive Components GmbH, ACDelco, NGK Spark Plug Co., Ltd.
 Customization Scope  Free report customization with purchase

The global electronic wet chemical market is estimated to grow at a CAGR of 4.73% to reach a market size of US$3,308.455 million in 2027 from US$2,393.468 million in 2020. 

The market penetration of these electronic wet chemicals has witnessed growth in industries like electronics and semiconductors. They are increasingly being used in modern technology industries like new energy, information network technology, modern communications, computers, industrial automation, microcomputer mechanical intelligence systems, and home appliances.

The electronic wet chemicals are extremely pure in nature owing to which they are broadly used in applications like cleaning and etching during the production and processing of semiconductors. Further, the commercialization of nano-based devices has also boosted the market potential for etching and photoresist chemicals with numerous technological advancements. An increase in the usage of semiconductors, as well as integrated chips in the manufacturing of electrical components, is expected to augment the growth of the electronic wet chemicals market with the passage of time. Thus, an increase in the demand for the building of electrical components because of various technological advancements in the electronics industry is projected to be a key factor in driving the growth of the electronic wet chemicals market.

APAC region to hold majority market share over others in the electronic wet chemicals market

APAC is projected to be the largest and the fastest growing region in the electronic wet chemicals market, due to the inclining demand for consumer goods and, the presence of numerous microelectronic device manufacturers in the region. The rise in demand has been possible due to factors like rising disposable income, growing population, and economic growth in countries like China, Taiwan, and South Korea. These factors are thus predicted to significantly propel the demand for these electronic wet chemicals in the region. China is considered to be among the leading producers of PCBs (Printed Circuit Boards) across the globe. Further, PCB production is growing rapidly due to expansions in various Asian countries, like Vietnam and Thailand. Countries like China, Taiwan, Japan, Singapore, and South Korea are among the leading PCB manufacturing countries worldwide. According to the JEITA (Japan Electronics and Information Technology Industries Association), production by the Japanese electronics industry was recorded to have risen by a whopping 110.8% in 2021 to reach JPY 10,954.34 billion, as compared to the previous year. Hence, it is forecasted to substantially increase the demand for the wet chemicals market in Japan for electronic, as well as semiconductor applications. Additionally, Japan is recorded to have about 30 semiconductor fab industries currently, that are involved in the manufacturing of various semiconductor chips. The semiconductor supply chain of Japan provides about one-third of the global semiconductor manufacturing equipment and over half of the materials in the industry. Thus, all these factors are projected to greatly boost the overall demand for wet chemicals in the Asia Pacific region, which is greatly going to attribute to the global market size as well.

Innovations in the industry to further catalyse market growth

The electronic wet chemical market has shown tremendous growth owing to the inclining demand for electronic and semiconductor production in a lot of regions of the world. In accordance with a press release published in May 2022, Solvay is said to be introducing a novel Renewable Materials and Biotechnology platform, which would focus on the production of innovative and sustainable solutions for a plethora of sectors via the usage of renewable feedstocks and biotechnology. By expanding the portion of renewable carbon in its product portfolio and establishing fresh business prospects that are allowed by biotechnology, this new platform would bring many Solvay companies together in order to aid to the growing demand for sustainable solutions. Battery Materials, Thermoplastic Composites, and Green Hydrogen are three of Solvay’s established growth platforms. Increasing innovations like this in the industry is thus projected to further drive growth in the market.

Impact of the COVID-19 pandemic on the Electronic Wet Chemical Market

Various organizations were severely impacted due to the sudden outbreak of the COVID-19 pandemic. As a consequence of the shutdown of various important industries that followed in numerous countries as a result of the subsequent nationwide lockdowns, the global economy got severely affected and faced a downward trend. Because of all these factors, the electronic wet chemical industries were also negatively impacted by the effects of the COVID-19 epidemic. The market had to encounter major shortages due to the stir caused by most of the major supply and manufacturing lines. Further, owing to a lack in the production of semiconductors, the output of the wet chemicals market got restricted to a great. Many industries in various electronic sectors were affected by this lack of semiconductors, as well as wet chemicals. However, with the ease of restrictions by governments across the world and the betterment of the situation, the market has again observed a rise in its demand. Additionally, the electronic industry has witnessed robust growth in demand ever since the resumption in the working of manufacturing units and this is anticipated to augment the growth of the market.

Electronic Wet Chemical Market Scope:

Report Metric Details
 Market Size Value in 2020  US$2,393.468 million
 Market Size Value in 2027  US$3,308.455 million
 Growth Rate  CAGR of 4.73% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022 – 2027
 Forecast Unit (Value)  USD Million
 Segments Covered  Type, Application, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Solvay, BASF SE, Kanto Chemical Co., Inc., Honeywell International, Inc., Linde Plc, Fujifilm Holding Inc., Eastman Chemical Company, Technic, Inc., Mitsubishi Chemicals Holdings Corporation
 Customization Scope  Free report customization with purchase

The Frozen Fruit market is expected to grow at a compound annual growth rate of 6.81% to reach a market size worth US$7.163 billion by 2029. This market was valued at US$4.517 billion in 2022.

Frozen fruits are sugar-free alternatives that can be mixed into smoothies, yogurt, and other dishes. They have a long shelf life, come in convenient portion sizes, and are pre-peeled and prepared. They are typically harvested at their peak ripeness and hold a significant portion of the processed food segment. Furthermore, several frozen products have more nutritional value than any other form of preservation and, in some cases, even higher nutritional values than fresh products, according to the Food and Agriculture Organization of the United Nations. Typically, no chemicals are used in their production. As a result, consumers looking for a healthy breakfast option or a healthy snack prefer frozen fruits.

According to the United States Department of Agriculture, fruits such as pears and apples can be stored under controlled conditions for up to 12 months before being sold. Other fruits, on the other hand, cannot be stored for such a long time. As a result, the frozen fruit market is expected to expand in the coming years. Furthermore, they have a longer shelf life than fresh fruits, allowing retailers to plan time and resulting in fewer losses due to product deterioration or damage during transportation.

Furthermore, according to the Peruvian Association of Mango Producers and Exporters, Peru is the world’s third largest exporter of mangoes. Fresh mango accounts for nearly 60 percent of exported mango, while frozen mango accounts for 20 percent of Peruvian tropical frozen fruit exports to Europe. Furthermore, according to the Aegean Exporters’ Association, Turkey’s fresh fruit and vegetable exports increased by 20 percent this year, from $777 million to $936 million. According to the same data source, the United States and European countries are the leading frozen fruit exporters.

The prevalence of consumer health awareness to decrease the sugar intake in the diet is further adding impetus to the frozen fruit market growth.

According to the International Diabetes Federation, there are 537 million people living with diabetes today, with 700 million expected to be diagnosed by 2024. As a result of the increasing prevalence of diabetes and other diseases, consumers have become more concerned about their diets, particularly their sugar intake. As a result, there are numerous sugar substitutes on the market, but not all of them provide the necessary vitamins and nutrients. Frozen fruits are unprocessed and contain almost all the essential nutrients, such as fiber, antioxidants, vitamins, and minerals. They are picked at their ripest point and frozen to preserve nutrients without the addition of sugar or additives.

Frozen fruits can also be used as a sugar substitute in other industries. Tropical frozen fruits, for example, are commonly used in yogurts and other milk-based beverages in the dairy and ice cream industries. Similarly, tropical frozen fruits are used in the beverage industry to make juices and smoothies.

Several businesses have also increased their operations and investments in this market.

  • In 2021 – Greenyard Frozen UK and Tesco entered into a partnership to provide consumers with a wide variety of frozen fruits, vegetables, and herbs. Greenyard has been supplying frozen produce to Tesco for over 35 years and is delighted to have been awarded a supply agreement for the entire range of frozen fruits, vegetables, and herbs. With around 25 premium quality frozen fruit stock-keeping units, Tesco will be able to offer its customers the widest frozen fruit portfolio.
  • 2021 – Chilean soft fruit conglomerate Hortifrut merged its frozen berry export business with Alifrut, the country’s largest processor and exporter of frozen fruits and vegetables. Hortifrut’s global commercial platforms combined with Alifrut’s industrial and commercial expertise as a multi-product frozen processor in the new company. The two companies stated that the agreement would promote the development and international growth of their main consumer markets, which include the United States, Europe, Asia, and Oceania. ????
  • 2021 – Nature’s Touch Frozen Foods, a supplier of frozen fruits and vegetables to Canada and the United States, invested US$40.3 million in Warren County in 2021. Nature’s Touch built a 126,000-square-foot building.
  • 2022 – Hortifrut announced the opening of a new distribution center in Ireland, as well as collaboration in India, to help the company expand its reach. This was done to participate directly in emerging consumer trends and to keep European and Asian expansions on track, where they anticipate the most future growth.

According to analysts, the European region is expected to occupy the dominant share of the market in the upcoming years. 

According to the European Association of Fruits and Vegetable Processors Organization, the industry accounts for an average of 6% of the total food processing industry in Europe, with frozen fruits accounting for a significant share.

Smoothies’ growing popularity as a convenient and healthy sugar substitute option has influenced consumer preference for this market. As a result, they prefer frozen fruits, which has an impact on market growth in the European region. Germany, Poland, the United Kingdom, the Netherlands, and other developing countries are the primary suppliers.

COVID-19 Insights

COVID-19 had a positive impact on the global frozen fruit market. Consumer preference for this market increased during this period due to the longer self-life and health benefits. Furthermore, according to the 2021 American Frozen Food Institute, sales of frozen fruit increased by nearly 30 percent during the first year of the coronavirus pandemic, while sales of frozen vegetables increased by about 15 percent.

Frozen Fruit Market Scope:

Report Metric Details
Market Size Value in 2022 US$4.517 billion
Market Size Value in 2029 US$7.163 billion
Growth Rate CAGR of 6.81% from 2022 to 2029
Study Period 2019 to 2029
Historical Data 2019 to 2022
Base Year 2023
Forecast Period 2024 – 2029
Forecast Unit (Value) USD Billion
Segments Covered
  • Product
  • Form
  • Source
  • Distribution Channel
  • Geography
Companies Covered
  • Val-Mex Frozen Foods, LLC
  • Willamette Valley Fruit Company (Oregon Potato Company)
  • Frozen Fruit Co. LLC
  • De Marchi
  • Dawtona Frozen
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope Free report customization with purchase

The Global Polyester Fiber Market was worth US$74.092 billion in 2020 and is projected to expand at a 7.60% CAGR over the predicted period to reach US$123.757 billion by 2027.

The industry is predicted to rise due to increased construction activity around the world. Polyester fibers are manufactured from either recycled or virgin polyethylene terephthalate. It has become the most widely used fiber in the textile sector due to its low cost, high strength,  flexibility,  easy durability, compostability, elasticity, and great damage tolerance, wrinkles, and fungus. Hydrophobic and quick-drying, these fibers can also be employed as insulating material in the type of hollow fibers. It can withstand greater abuse than linen and other textiles, and it maintains its shape even in inclement conditions.

Rising Technological Demand in Industries

The rise in demand is leading for the market growth for carpets and rugs, as well as mattresses, in both commercial flooring and residential and solutions, encourages global market expansion. In addition, rising consumption from a variety of end-use applications including as appreals, homes, hospitals, automobiles, electronics, and infrastructure is expected to propel the market forward. The growing use of hollow polyester fibers in medical applications provides market participants with numerous prospects. Furthermore, technical developments and expanding R&D facilities present market participants with profitable chances. Polyester fibers are more expensive than other materials like cotton and wool, posing a significant barrier for manufacturers. The rapid progress in the global fashion business, as well as the developing trends in construction activity around the world, are combining their efforts with rapid urbanisation and the home decor sector, creating tremendous prospects for the market. With the excellent qualities of polyester fibers, there is a surge in quantity demanded from numerous end-use industries such as hospitals, residences, cars, and electronics.

Acceptance of PET-Grade

PET-grade polyester fiber is extensively used in carpets, rugs, and household textile products due to its excellent mechanical strength, stiffness, and ductility. The growth of the furniture company, which is quickly adapting to market changes by making anti-static and anti-abrasive carpets and rugs, the expansion of the e-commerce sector, the modernization of manufacturing facilities, and shorter lead times. Furniture and home furnishings sales increased by 7.2% in January 2022, according to the US Department of Commerce. PET-grade polyester fiberfill can be used to sleeping bags, stuff pillows, and cushion paddings.

Lack in Durability Owing the Growth of PCDT

The lacks the durability of PET grade, and PCDT fiber has a reduced market share. This grade, on the other hand, has higher durability and snap, making it a good choice for house adornment. It is widely used in the manufacture of draperies, curtains, and articles of furniture and upholstery covers. Polyester fiber has a wide range of uses in the infrastructure and construction industries, which will likely boost the polyester market in the next few years. The polyester market is growing because to rising demand for high quality flooring carpet in residential and non-residential buildings from nations such as North America, China, and Asia.

High Performance of the Product

The shift in consumer preferences for due to its durability, cost-effectiveness, and climate materials, solid fibers are expected to dominate the sector and will experience significant expansion. Polyester fiber market share will be driven by rapidly expanding demand for solid fibers due to its diverse uses in home decor products, garments, and high-end materials over the projected period. Solid fibers also have strong tensile strength, are readily available, have even fiber weaving, and are well-finished.

Application According to Demand

The increased demand for sports apparel, quick-dry clothes, and outdoor activity equipment such as tents, waterproof liners, air mattresses, among other things, is propelling the world economy for polyester fiber forward. Furthermore, due to its abrasion resistance, better strength, and anti-wrinkle features, polyester fiber is becoming more popular than cotton, which is expected to boost market growth. Furniture and home furnishings sales increased by 7.2% in January 2022, according to the US Department of Commerce.  The market is expected to develop significantly due to rising consumption from various industries like as automobiles, electronics, and hospitality. Furthermore, the growing use of polyester fiber in commercial and household products such as drapes, mattresses, carpets, and rugs is likely to propel the industry forward.

China and India to Lead the Market

Over the projection period, Asia Pacific is expected to be the major shareholder in the worldwide polyester fiber industry. The regional market is being driven by the rising urbanisation and industrialisation of emerging countries such as Malaysia and China. Furthermore, rising consumer in the region has growing demand for greater living standards, which has aided the market. The presence of major players in China, Vietnam, and India is projected to drive regional development. Factors such as the abundance of raw resources and the expanding demand for textiles, carpets, home furnishing and decorative products in the region are driving the industry even further. The expanding polyester fiber exports from Asia Pacific and the growing region flooring and furnishing industries

Insight of COVID-19

Due to a low worker force, industrial facility closures, and supply disruptions around the world, the recent COVID-19 epidemic has had a negative influence on market size. Polyester fiber is a manufactured material made from crude oil refining. Crude oil output was destroyed as a result of the pandemic, which had a serious effect on the worldwide polyester fiber industry. Due to competition for Ultraviolet light and antiseptic clothes around the world, the situation has been improving steadily since the last quarter of 2020. This will almost certainly prevent the global expansion of the polyester fiber market from expanding the use of industry resources in creating new applications on a global scale. The COVID-19 virus’s widespread outbreak and rapid dissemination caused a significant drop in end-user industries, particularly the textiles, which reduced market demand and hence negatively impacted the market. The virus had a significant impact on China, a key source of polyester fiber, causing a significant market disruption.

Global Polyester Fibre Market Scope:

Report Metric Details
 Market size value in 2020 US$74.092 billion
 Market size value in 2027 US$123.757 billion
 Growth Rate CAGR of 7.60% from 2020 to 2027
 Base year 2020
 Forecast period 2022–2027
 Forecast Unit (Value) USD Billion
 Segments covered Grade, Product, Form, Applications, And Geography
 Regions covered North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Reliance Industries Ltd., Alpek S. A. B., Bombay Dyeing, China Petroleum Corporation, Far Eastern New Century Corporation, Huvis Corporation, Indorama Corporation, Shubhalakshmi Polyester Ltd.
 Customization scope Free report customization with purchase

The Polyester fiber market is expected to grow at a compound annual growth rate of 7.60% to reach a market size worth US$123.757 billion by 2027. This market was valued at US$74.092 billion in 2020.

Polyester fiber is a synthetic material made up of polyethylene glycol & terephthalic acid that has good flexibility, wrinkle resistance, and abrasion resistance. Polyester fibers are employed in various industrial applications such as automobile tire reinforcing, safety, and conveyor belts, as well as garment and home furnishing materials. Furthermore, these materials can be used to manufacture sporty and high-quality clothing when combined with natural fibers.

Analysts anticipate that the market will amplify due to the growing demand for polyester fiber in the textile and apparel industries during the forecast period.

The worldwide polyester fiber market is likely to rise in the future years as the need for polyester fibers increases in the textile and clothing industries, which have been steadily growing. Increased government initiatives in the textile sector have been a crucial role in the industry’s growth. Between 2010 and 2019, the textile sector in the United States invested a total of US$19.9 billion in new plants and equipment, as per the National Council of Textile Organizations. Furthermore, according to NCTO data, the value of shipments of man-made fiber, yarn, fabric, apparel, and sewn products in the United States has increased from US$71.1 billion in 2016 to US$75.8 billion in 2019. Furthermore, the textile and clothing industries have been booming in various emerging nations, particularly India, which has boosted the demand for polyester fiber. India’s textile and garment sector is predicted to grow by 47 percent from US$150.0 billion in 2020 to reach US$220.0 billion in 2026, as per IBEF forecasts. During the projected period, this is expected to propel the growth of polyester fibers.

The volatility in crude oil prices can act as a stumbling block to market growth at a global level

The downstream products of crude oil, like purified terephthalic acid (PTA) and monoethylene glycol (MEG), are frequently utilized as raw materials in the manufacturing of polyester fabric. As a result, the price of polyester raw materials is affected by crude oil price fluctuations. As per the BP Statistical Review of World Energy, the price of crude oil has changed in recent years. For example, the price of crude oil reduced from US$98.95/bbl in 2014 to US$52.39/bbl in 2015, continued to increase from US$43.73/bbl in 2016 to US$71.31/bbl in 2018 and then decreased to US$64.21/bbl in 2019. As a result of the ambiguity in crude oil prices, the price of polyester fiber also rises. Hence, the volatility in crude oil prices is projected to be a key issue for polyester fiber market producers, hampering industry expansion over the projection period.

The PET segment is anticipated to witness a tremendous market share considering the grade

PET-grade polyester fiber is extensively used in carpets, rugs, and household textile products due to its superior tensile strength, stiffness, and ductility. Because of the rising furniture industry, which is quickly adapting to market changes by making anti-static & anti-abrasive carpets, rugs, as well as other products, this category will see significant growth. Furniture and home furnishings sales increased by 7.2 percent in January 2022, according to the US Department of Commerce. PET-grade polyester fiberfill can be used to stuff cushions, sleeping bags, and pillow paddings. By gradually rising demand for PET-grade materials, these applications will add to the overall polyester fiber market share in the future years. The rise of the e-commerce business is likely to boost the segment’s market share over the projection period. It offers a wide range of affordable products, as well as speedy delivery alternatives, straightforward return procedures, and material warranties, all of which contribute to increased global product demand.

Over the projection period, the staple category is expected to gain a momentous market share

Spinning & nonwoven weaving typically use polyester staple fiber. PSF is mostly used in the stuffing of cushions and couches. It’s also used in the manufacture of Polyester Spun Yarn, which is then knitted or woven into textiles. The primary factors driving the market include rising demand for garments from the textile industry and the increasing demand from the home furnishings segment. Growing awareness of recycled polyester staple fiber as a result of rising environmental concerns is likely to open up a slew of attractive potential for industry expansion.

The apparel segment is expected to account for a massive share of the total market

Due to shifting customer preferences, the global apparel market has undergone a fundamental shift. Apparel was the largest application segment, accounting for a significant portion of the total. Activewear, sportswear, & intimate wear are all part of the apparel category. Clients are gradually opting for eco-fashion, which refers to garments made from polyester fiber, as textile technology advances. In comparison to other fibers, it is the most ideal replacement for cotton because it is cheaper, thinner, and comes in a variety of designs and colors. Antimicrobial characteristics are present in several forms of polyester fibers, which are hi-tech in nature and offer superior protection against unpleasant odor as well as other secondary infections. The entire product demand is being boosted by these improved features.

A large portion of the market share is expected to go to the solid segment, by form over the forecast period

Because of shifting consumer preferences for extremely durable, cost-effective, & weather-resistant materials, solid fibers are expected to dominate the sector and will experience significant expansion. Polyester fiber market share will be driven by rapidly expanding demand for solid fibers due to its diverse uses in home furnishing products, garments, and high-end materials over the projected period. Solid fibers also have strong tensile strength, are readily available, have even fiber weaving, and are well-finished.

According to regional analysis, the polyester fiber market in the Asia Pacific is expected to hold a significant share during the projected period

Asia-Pacific is anticipated to grow its presence in the polyester fiber market due to the region’s fast-growing textile sector, rising disposable income, and increased commercial and residential buildings, Furthermore, the market is being driven by the growing fashion sector in developing nations such as China, India, and Japan.  The Indian government has created the Apparel Park for Exports initiative to give a boost to the establishment of international-standard apparel manufacturing facilities in promising growth areas. According to Invest in India, India has surpassed China as the world’s second-largest maker of personal protective equipment. More than 600 firms in India are approved to manufacture personal protective equipment (PPE), with a global market worth of more than US$92.5 billion by 2025, rising from US$52.7 billion in 2019. In the textiles and clothing business in India, FDI is expected to reach US$3.4 billion by 2020. Individuals’ increased per capita incomes fueled a surge in garment demand in the Asia-Pacific area. As a result of the thriving garment industry, demand for polyester fiber is also on the rise, which is expected to boost the polyester fiber market in APAC throughout the forecast period.

COVID-19 Insights

The COVID-19 epidemic had a significant influence on the polyester fiber market. The COVID-19 virus’s widespread outbreak and exponential spread led to a significant drop in end-user industries, particularly the textile industry, which reduced market demand and hence negatively impacted the market. The virus had a significant impact on China, a key source of polyester fiber, causing significant market disruption.

Global Polyester Fibre Market Scope:

Report Metric Details
 Market size value in 2020 US$74.092 billion
 Market size value in 2027 US$123.757 billion
 Growth Rate CAGR of 7.60% from 2020 to 2027
 Base year 2020
 Forecast period 2022–2027
 Forecast Unit (Value) USD Billion
 Segments covered Grade, Product, Form, Applications, And Geography
 Regions covered North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Reliance Industries Ltd., Alpek S. A. B., Bombay Dyeing, China Petroleum Corporation, Far Eastern New Century Corporation, Huvis Corporation, Indorama Corporation, Shubhalakshmi Polyester Ltd.
 Customization scope Free report customization with purchase

The Single-use bioreactors market is projected to grow at a CAGR of 15.82% during the forecast period to reach US$10.786 billion by 2029, from US$3.858 billion in 2022.

Single-use bioreactors are ideal for the manufacturing of biopharmaceutical products, because of their great efficiency. They have advanced significantly in recent years as a result of firms’ never-ending efforts to distribute goods. They may be observed improvising sensor systems, designs, stirring mechanisms, and single-use bioreactor film technology. A disposable bag replaces the reusable steel vessel used in traditional bioreactors in a single-use bioreactor. Large amounts of cells are cultured in single-use bioreactors. In contrast to standard stainless steel multi-user systems, the culture vessel is a plastic bag that is used once and then discarded.

Single-use bioreactors enable processors to use disposable technology, such as single-use bags, in production processes that formerly required stainless steel equipment. The single-use system is the third form of the biopharmaceutical processing system, which is designed to be used for the duration of a single batch of treatments and then destroyed. Single-use technologies are becoming more popular, and they’re reducing product cross-contamination concerns by eliminating the requirement for batch cleaning. These systems, which are manufactured in a cleanroom, double bagged, and sterilized using gamma, EtO, or x-ray sterilization procedures, provide a sterile system for every batch while also being very efficient and cost-effective.

Factors Accelerating the Market:

The growing acceptance of single-use bioreactors among small businesses and start-ups, reduced automation complexity, ease of cultivation of marine organisms, reduced energy and water consumption, the growing biologics market, technological advancements in single-use bioreactors, and the growth of biopharmaceutical research and development are all factors driving the single-use bioreactors market forward. This industry has enormous growth potential in the future due to factors such as the rapid adoption of disposable technology in the pharmaceutical and biotechnology industries, cost-effectiveness and lower downtime of single-use bioreactors, and increased government support for biopharmaceutical research, growing demand for biopharmaceuticals, and frequent launch of new products. License termination and emerging markets are most likely to generate new opportunities for the single-use bioreactors market to grow.

Factors such as the existence of developed biopharmaceutical industry and the presence of large manufacturers operating in the single-use bioreactors market, North America dominates the single-use bioreactors market.

Growing biopharmaceutical industry, growing life science research, escalating investments by pharmaceutical and biotechnology companies, and the increasing number of CROs and CMOs in various emerging economies, Asia Pacific is expected to see significant growth in the single-use bioreactors market.

Factors That Can Restrain the Market:

One of the most significant difficulties for the growth of single-use bioreactors is the requirement for improved single-use sensors and the standardization of single-use layouts. The recurring cost of plastic ware and single-use consumables is determined to be greater than the capital investment. Fixed stainless steel equipment has high upfront costs in terms of installation and maintenance, but single-use bioreactors (SUBs) have greater regular recurrent costs. Furthermore, proper waste management of the enormous numbers of disposables may incur considerable expenditures.

Types of Single-Use Bioreactors

  • Media bags: Suppliers gamma-sterilize the bags, which are comprised of multilayer polymer films. Polyethylene is commonly used as the lining of the bioreactor bag that comes into touch with the cell culture. After that, the bag is enclosed in more durable construction, such as a rocker, cuboid, or steel cylinder.
  • Filtration assemblies: Vacuum filtration of tissue culture media, biological fluids, HPLC, and other aqueous solutions is performed with this filtration assembly. The unit is designed to enhance flow while minimizing foaming.
  • Mammalian Cell: Mammalian cell culture is the method of cultivating cells from mammals in flasks or bioreactors in the laboratory. It’s the process of developing cells outside of their natural habitat. Instead, the growth process is carried out in a growth medium. Eukaryotic cells are those seen in mammals.

Key Developments:

  • Captiva and Pall Corporation announced plans to expand their manufacturing capacity and services globally in July 2021, with plans to invest more than USD 300 million in single-use technologies such as bioreactor bags for growing cells used to make syringe filters and customized medicines for research.
  • As part of a series of significant investments in its San Diego process development and production activities, Abzena has begun the installation of a new 500L BIOSTAT STR single-use bioreactor.
  • A tabletop SUB system for mammalian cell culture and recombinant protein production was recently developed by Distek Inc.

COVID-19 Insights

Many of the world’s largest single-use bioreactor producers are actively collaborating with companies that are developing or testing vaccines. Sartorius, for example, has aided CanSino Biologics Inc. and Maj. Gen. Chen Wei’s team at China’s Academy of Military Medical Sciences’ Institute of Bioengineering in the creation of the first vaccine candidate against the new coronavirus SARS-CoV-2 to enter clinical trials. In some ways, this has had a positive impact on the SUB. The bioprocessing solutions were able to manage COVID-19’s influence on supply chains, production, and shipments to customers. Predictability in the short and medium-term is severely limited and has a small impact. However, because of the COVID-19 outbreak, a reduction in global pharmaceutical R&D spending and a dip in biologics sales in 2020 will have a substantial influence on SUB growth.

The Global Membrane Separation Technologies market size was valued at US$2.349 billion in 2020 and is anticipated to increase at a Compound Annual Growth Rate of 10.44% over the predictive period to reach US$4.709 billion by 2027.

Membrane separation is a technique for selectively separating (fractionating) materials using pores and/or minute gaps in a continuous structure’s molecular arrangement. The reduction of dissolved or suspended particles from process water or liquid components is perhaps the most prominent use for membrane filtration. Membrane filtration can also be used to eliminate germs extend shelf life and give a healthier alternative to chemicals and preservatives. The natural flavor of food items and the nutritional content of heat-sensitive components can be preserved by membrane separation since it avoids the requirement for high-temperature treatment of goods. This also reduces the amount of energy used in production, pasteurization, or sterilization. Non-potable water sources, such as grey water and reclaimed/recycled “purple pipe” water, can also be treated via membrane filtration.

Growing Demand for Water Treatment

Water is the most essential resource for all living organic beings. Although water covers about 70.9 percent of the Earth’s surface, most countries have reported major water shortages. Accessibility to safe and hygienic drinking water is a basic human right. However, according to a study by the WHO released on 21st March 2022, over 2 billion people live in countries that are water-stressed, a situation that is likely to worsen in some areas because of climate change and population expansion. According to the WHO/UNICEF Joint Monitoring Programme 2021, almost 771 million people don’t have access to clean water close to their homes. Only 81% of the population will have access to clean drinking water by 2030, according to a UNICEF news release from July 2021, leaving 1.6 billion people without a proper water supply.

Inadequate management of urban, industrial, and agricultural wastewater has affected the drinking water access of hundreds of millions of people. Natural occurrences of chemicals, particularly in groundwater, such as arsenic and fluoride, can be harmful to one’s health. The shortage of clean water has widened opportunities for membranes to be used in water treatment. Increased water and wastewater treatment operations that employ RO, UF and MF membranes on a wide scale are being driven by high purity requirements and rigorous laws surrounding drinking water and industrial wastewater discharge. This has resulted in a growth of the membrane separation market and owing to the increasing scarcity of usable water, the membrane separation market is anticipated to rise.

Innovations in the Market

Membrane separation technology has reported rapid advancements over the last few decades. The increasing accessibility and demand for wastewater filtration have led to an increase in market demand for membrane separation technology.

On April 26th, 2022, Evonik released its plan to dope bacteria that take over critical material conversion events in the biological treatment of wastewater with oxygen. Evonik wants to use this technology to enable long-term wastewater treatment, especially as metropolitan population growth rates continue to rise. Its strategy is to speed up the natural biological processes carried out by bacteria and fungus via multiple purification steps. The company will be presenting this innovative technology at IFAT, the world’s leading trade fair for environmental technologies.

Removing per- and polyfluoroalkyl compounds (PFAS) has become crucial in water treatment. According to an article published in ACS Applied Materials and Interfaces in May 2022, researchers demonstrated MXene nanosheet functionalization on thin-film composite (TFC) hollow fiber nanofiltration (HFN) membranes via interfacial polymerization (IP) to enhance the removal of perfluorooctane sulfonic acid (PFOS) from water. The researchers determined that adding the MXene nanosheet to the combination improved PFOS removal from water without impacting membrane salt rejection and increased membrane flow.

Asia Pacific Region to Lead the Market

The Asia Pacific market is expected to hold the largest market share in the membrane separation technologies market throughout the forecast period, mainly due to the rising water contamination and growing environmental concerns. Membrane separation technology is widely used in the water and wastewater treatment, medical and pharmaceutical, and chemical processing industries, which is fueling the market’s expansion in this area. An increase in mining, chemical, and metal processing activities in the area has led to the extensive exploitation of water, resulting in the scarcity of water in the region. Most of the developing and under-developed countries in the region have reported adverse living conditions for people, due to the scarcity of clean drinking water. Moreover, the growing concern over climate change has forced governments to deploy environment-friendly and clean solutions to provide better living conditions for people in the area. The growing pharmaceutical industry in the region is also another major reason for the growing market in the region and is expected to positively influence the market.

Covid-19 Insight

The advent of the COVID-19 pandemic caused a worldwide economic downturn. Most large companies suffered considerable losses due to the government-imposed lockdown and social distance restrictions. This also negatively affected the membrane separation technologies market. Due to the closure of most major industries, the demand for wastewater filtration also decreased. Moreover, the demand for mineral and bottled water also decreased due to the closure of shops and outlets. However, the pharmaceutical industry reported a positive demand for the membrane separation technologies market. The extensive usage of membrane separation technologies in the production of medicines, supplements, medical equipment, protective masks, and gloves, due to the increasing infection cases around the world helped in uplifting the market demand. Further, as most countries have started to lift lockdown protocols and resume normal operations, the membrane separation technologies market is anticipated to rise significantly in the forecasted period.

Global Membrane Separation Technologies Market Scope:

Report Metric Details
 Market size value in 2020  US$2.349 billion
 Market size value in 2027  US$4.709 billion
 Growth Rate  CAGR of 10.44% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Membrane Material, Pore Size, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered 3M Purification Solutions, APPLIED MEMBRANES INC, SUEZ, DuPont and Dow, Merck Group, Evoqua Water Technologies LLC, GEA, Hyflux Group, Koch Industries, Inc, Pure Aqua, Inc
 Customization scope  Free report customization with purchase

The global glycolic acid market is expected to grow at a compound annual growth rate of 5.30% over the analyzed period to reach a market size of US$477.485 million in 2026.

Glycolic Acid is obtained from plants like sugar beets, sugarcane, and pineapple and works as an effective skin treatment solution. This plant-driven substance is widely used by the cosmetic industry because it works as an anti-aging solution, anti-acne solution and is suitable for sensitive skin as well. The growing self-awareness among people regarding their skin health is the major driving factor behind the growing skincare industry and this is expected to boost up the demand for glycolic acid in the coming years.

Glycolic acid is also used as a therapeutic agent in rejuvenation treatment. Glycolic acid works as a peeling agent and is therefore used to treat many defects of the epidermis and papillary dermis. It is used by dermatologists to treat various skin conditions as well.

In the textile industry, glycolic acid is widely used in dyes and works perfectly in solvents for degreasing and cleaning fabrics.

Glycolic for Skincare

The largest share of the market for glycolic acid is attributed to the skincare industry. It works as an excellent exfoliant that helps to shed dead skin cells and therefore brings out the underneath bright layer of the skin. The deep penetration of glycolic acid in the skin stimulates fibroblasts in the dermis to produce increased amounts of collagen. The production of collagen makes the skin firmer, brighter and helps to reduce wrinkles and fine lines as well. For sensitive skin, it is usually prescribed to start with less amount glycolic acid to prevent irritation later. Due to the number of benefits, glycolic acid is used in creams, tonners, facewashes, cleansers, exfoliators, etc.

Environment-Friendly Cleaning Using Glycolic Acid

The rising self-awareness among the people regarding hygiene and cleanliness is driving up the market for household cleaners. Glycolic acid is widely used in these cleaners and a boost in their demand is expected to drive up the market for glycolic acid as well. Glycolic acid is a biodegradable substance and the high focus of companies on environment-friendly production has introduced a replacement for acid-based cleaners in the form of glycolic and biodegradable cleaners which can become a major driver for the market.

Formaldehyde as a Residual to Create a Challenge for Market Growth

The production of glycolic acid leaves behind Formaldehyde as a residual which is a very harmful substance. It is a flammable chemical and has a strong smell which when exposed to the immune system of individuals can result in some serious issues. Although it is a residual product, its accidental mixture with glycolic acid can irritate the eyes, and this colorless product is also linked with the development of cancer in the human body. IARC, The International Agency for Research on Cancer has classified formaldehyde as a human carcinogen, which is an agent that can trigger cancer in human bodies. Studies have found that high-level exposure to Formaldehyde can cause myeloid leukemia, and cancers like cancers of paranasal sinuses, nasopharynx, and nasal cavity. This makes the separation of glycolic acid from Formaldehyde a very important task that requires advanced technology and safety precautions as well. This is expected to serve as a restraint in the growth of the market in the coming years.

Regional and Geographical Insights

On a Geographical note, being a developed region where people can easily afford to spend high on luxuries and comfort, North America and Europe are expected to hold a major share of the glycolic acid market. High use of skincare products, cosmetics, etc. is the prime reason for the growth of the market in these regions.

Besides that, the Asia-Pacific region is expected to show significant growth due to the developing infrastructure and rapid industrialization in the region which is expected to boost up the disposable income of the people in the region. The growing textile industry especially in China and India is expected to serve as a significant factor behind the growth of the glycolic acid market in the region. The growing online retail market in the region is also expected to assist in the growth of the market.

Also, one of the major boosters to the market is high internet penetration. The increasing use of online retail stores is promoting online shopping and this is expected to provide a major boost to the glycolic acid market as well.  

COVID-19 Impact

The coronavirus pandemic severely impacted the glycolic acid market. With the disease spreading across the globe, nations imposed lockdowns and curfews. With the shutting down of industries, a huge part of economies lost their jobs. With such negative conditions, the spending towards comfort and luxury reduced as the major priority of people was survival and living on necessities. In such conditions, people preferred to spend less on cosmetic products and skin treatments which thus impacted the glycolic acid market as well.

Glycolic Acid Market Scope:

Report Metric Details
 Market size value in 2019  US$332.687 million
 Market size value in 2026  US$477.485 million
 Growth Rate  CAGR of 5.30% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments covered  Grade, Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  CrossChem Limited, The Chemours Company, CABB Group, Hefei TNJ Chemical   Industry Co. Ltd., BASF, Merck KGaA
 Customization scope  Free report customization with purchase