The Food and Pharmaceutical Grade Propylene Glycol Market is projected to achieve a CAGR of 1.7% during 2023-2029

The European authorities responsible for consumer health have approved the use of propylene glycol with food:

In direct food contact regulated by EC Regulation No 1333/2008 on food additives: Propane-1,2-diol (propylene glycol USP/EP) is listed as an approved food additive in Annexes II+III under E1520. Propylene Glycol USP/EP meets the purity criteria for E1520 (propane- 1,2-diol) included Annexes II and III to in EC Regulation No 2012/231, laying down specifications for food additives in Annexes II and III to Regulation No 1333/2008.

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In indirect food contact covered by EU Regulation 10/2011 and amendments) relating to plastic materials and articles intended to come into contact with food, such as packaging material.

Propylene Glycol (PG) USP/EP is a pharmaceutical grade of propylene glycols (PG or MPG) with a specified purity greater than 99.8%.

Global Food and Pharmaceutical Grade Propylene Glycol market is projected to reach US$ 4305.1 million in 2029, increasing from US$ 3847 million in 2022, with the CAGR of 1.7% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Food and Pharmaceutical Grade Propylene Glycol market research.

The key manufacturers of Food and Pharmaceutical Grade Propylene Glycol include Dow, Lyondell Basell, SKC, Shell, ADM, BASF, Repsol, etc. Dow is the world’s largest player, with a market share of about 38%.

Europe and the United States are the world’s top two markets, accounting for about 23% and 22% of the world market respectively.

Food and Pharmaceutical Grade Propylene Glycol is made by two main methods: Hydration and Transesterification.

In terms of application, it is used in food and beverage, cosmetics and personal care, pharmaceuticals, and other downstream industries.

Cosmetics and personal care industry is the most widely used, accounting for more than 50% of all downstream industries. The next is the food and beverage industry, accounting for about 33%.

Scope of Food and Pharmaceutical Grade Propylene Glycol Market Report:

This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Attention Deficit Hyperactivity Disorder (ADHD) Treatment market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.

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Segment by Type:

  • Hydration
  • Transesterification

Segment by Application:

  • Food and Beverage
  • Cosmetics and Personal Care
  • Pharmaceuticals
  • Other

Production by Region:

  • North America
  • Europe
  • China
  • South Korea
  • Southeast Asia

Leading Key Players of Food and Pharmaceutical Grade Propylene Glycol Market:

  • Dow
  • Lyondell Basell
  • Indorama(Huntsman)
  • ADM
  • BASF
  • Repsol
  • SKC
  • Shell
  • CNOOC and Shell Petrochemicals
  • Haike Xinyuan

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The Food and Pharmaceutical Grade Propylene Glycol report covers below items:

Chapter 1: Product Basic Information (Definition, type and application)

Chapter 2: Manufacturers’ Competition Patterns

Chapter 3: Production Region Distribution and Analysis

Chapter 4: Country Level Sales Analysis

Chapter 5: Product Type Analysis

Chapter 6: Product Application Analysis

Chapter 7: Manufacturers’ Outline

Chapter 8: Industry Chain, Market Channel and Customer Analysis

Chapter 9: Market Opportunities and Challenges

Chapter 10: Market Conclusions

Chapter 11: Research Methodology and Data Source

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