Market Overview:
The global hydrogenated vegetable glycerides market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for skin care and hair care products, especially in developed countries. In addition, the growing awareness about the benefits of using hydrogenated vegetable glycerides is also contributing to the market growth. Based on type, 98% purity segment is expected to hold a major share of the global hydrogenated vegetable glycerides market during the forecast period. This can be attributed to its high purity and superior quality as compared to other types of hydrogenated vegetable glycerides available in the market.
Product Definition:
Hydrogenated vegetable glycerides are a type of lipid that is made by adding hydrogen to vegetable oil. This process makes the oil more solid, which is why hydrogenated vegetable glycerides are often used in food products that need to be solid at room temperature, such as margarine. Hydrogenated vegetable glycerides have a long shelf life and do not spoil easily, making them a popular choice for food manufacturers. They are also relatively low in price compared to other types of lipids.
98% Purity:
98% purity is a standard used for Vegetable Glycerides (VGs). It means that the percentage of the total quantity of ingredients in a product is more than 98.0%. The main reason for using such high purity products is to ensure maximum customer satisfaction and minimal risk of side effects.
99% Purity:
99% purity is a very high quality and standard grade hydrogenated vegetable glycerides (HVG). It has been used as an ingredient in many food products such as ice creams, baked goods, confectionery, dairy & frozen desserts and other processed foods. 99% HVG is produced from soybean oil that has been fully hydrogenated to form a solid fat-like substance.
Application Insights:
The market is segmented based on application into skin care products, hair care products, and others. The skin care product segment dominated the global market in 2017 owing to increasing demand for anti-aging creams and lotions among other hydrating skincare formulations. Rising consumer awareness regarding healthy skin coupled with a growing preference for naturally derived ingredients are expected to drive the demand over the forecast period.
Hydrogenated vegetable glycerides are used as an ingredient in several food & beverage applications including bakery, dairy products (such as cheese), frozen desserts (such as ice cream), snacks & cereals, confectionery, soft drinks carbonated beverages (such as soda) and alcoholic beverages such as wine coolers beer and spirits. They act as a humectant retaining moisture content of foodstuffs thereby enhancing their durability & shelf life which is likely to propel their consumption over the coming years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to witness a CAGR of XX% over the forecast period. The growth can be attributed to rising demand for hydrogenated vegetable glycerides from countries, such as China, India, Japan, South Korea and Taiwan. Increasing population coupled with growing consumer awareness regarding personal grooming has led to increased demand for skin care products in this region which will further boost industry expansion over the coming years.
North America is projected to emerge as one of the promising markets during the forecast period owing to high consumption levels of hydrogenated vegetable glycerides across various application sectors including food processing industries and pharmaceuticals sector in U.S.
Growth Factors:
- Increasing demand for processed foods: The global processed food market is projected to grow at a CAGR of 5.4% from 2016 to 2021. This growth is attributed to the changing lifestyles and growing urbanization across the world. As consumers shift towards convenience foods, the demand for hydrogenated vegetable glycerides is expected to increase as well, thereby driving the market growth.
- Rising awareness about health benefits of hydrogenated vegetable glycerides: There has been a rise in awareness about the health benefits of consuming hydrogenated vegetable glycerides among consumers in recent years. This has led to an increase in its use as a food additive and ingredient in various food products, thereby propelling market growth.
- Growing popularity of functional foods: Functional foods are those that offer additional health benefits beyond basic nutrition such as prevention and treatment of diseases or improved physical performance or mental function etcetera Hydrogenated vegetable glycerides are increasingly being used as ingredients in functional foods due their various health benefits, which is driving market growth further..
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogenated Vegetable Glycerides Market Research Report
By Type
98% Purity, 99% Purity, Other
By Application
Skin Care Products, Hair Care Products, Others
By Companies
BASF, Custom Ingredients, Axiom Ingredients, Cargill, BASF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogenated Vegetable Glycerides Market Report Segments:
The global Hydrogenated Vegetable Glycerides market is segmented on the basis of:
Types
98% Purity, 99% Purity, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Skin Care Products, Hair Care Products, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Custom Ingredients
- Axiom Ingredients
- Cargill
- BASF
Highlights of The Hydrogenated Vegetable Glycerides Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 98% Purity
- 99% Purity
- Other
- By Application:
- Skin Care Products
- Hair Care Products
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydrogenated Vegetable Glycerides Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydrogenated vegetable glycerides are a type of fat that is made from oils that have been hydrogenated. This process makes the fats more solid and allows them to be used in food products where they would not normally be allowed, such as margarine and ice cream.
Some of the key players operating in the hydrogenated vegetable glycerides market are BASF, Custom Ingredients, Axiom Ingredients, Cargill, BASF.
The hydrogenated vegetable glycerides market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrogenated Vegetable Glycerides Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Hydrogenated Vegetable Glycerides Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hydrogenated Vegetable Glycerides Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Hydrogenated Vegetable Glycerides Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Hydrogenated Vegetable Glycerides Market Size & Forecast, 2018-2028 4.5.1 Hydrogenated Vegetable Glycerides Market Size and Y-o-Y Growth 4.5.2 Hydrogenated Vegetable Glycerides Market Absolute $ Opportunity
Chapter 5 Global Hydrogenated Vegetable Glycerides Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hydrogenated Vegetable Glycerides Market Size Forecast by Type
5.2.1 98% Purity
5.2.2 99% Purity
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hydrogenated Vegetable Glycerides Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hydrogenated Vegetable Glycerides Market Size Forecast by Applications
6.2.1 Skin Care Products
6.2.2 Hair Care Products
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrogenated Vegetable Glycerides Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydrogenated Vegetable Glycerides Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hydrogenated Vegetable Glycerides Analysis and Forecast
9.1 Introduction
9.2 North America Hydrogenated Vegetable Glycerides Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hydrogenated Vegetable Glycerides Market Size Forecast by Type
9.6.1 98% Purity
9.6.2 99% Purity
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hydrogenated Vegetable Glycerides Market Size Forecast by Applications
9.10.1 Skin Care Products
9.10.2 Hair Care Products
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hydrogenated Vegetable Glycerides Analysis and Forecast
10.1 Introduction
10.2 Europe Hydrogenated Vegetable Glycerides Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hydrogenated Vegetable Glycerides Market Size Forecast by Type
10.6.1 98% Purity
10.6.2 99% Purity
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hydrogenated Vegetable Glycerides Market Size Forecast by Applications
10.10.1 Skin Care Products
10.10.2 Hair Care Products
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hydrogenated Vegetable Glycerides Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hydrogenated Vegetable Glycerides Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hydrogenated Vegetable Glycerides Market Size Forecast by Type
11.6.1 98% Purity
11.6.2 99% Purity
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hydrogenated Vegetable Glycerides Market Size Forecast by Applications
11.10.1 Skin Care Products
11.10.2 Hair Care Products
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hydrogenated Vegetable Glycerides Analysis and Forecast
12.1 Introduction
12.2 Latin America Hydrogenated Vegetable Glycerides Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hydrogenated Vegetable Glycerides Market Size Forecast by Type
12.6.1 98% Purity
12.6.2 99% Purity
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hydrogenated Vegetable Glycerides Market Size Forecast by Applications
12.10.1 Skin Care Products
12.10.2 Hair Care Products
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hydrogenated Vegetable Glycerides Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hydrogenated Vegetable Glycerides Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hydrogenated Vegetable Glycerides Market Size Forecast by Type
13.6.1 98% Purity
13.6.2 99% Purity
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hydrogenated Vegetable Glycerides Market Size Forecast by Applications
13.10.1 Skin Care Products
13.10.2 Hair Care Products
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydrogenated Vegetable Glycerides Market: Competitive Dashboard
14.2 Global Hydrogenated Vegetable Glycerides Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Custom Ingredients
14.3.3 Axiom Ingredients
14.3.4 Cargill
14.3.5 BASF