Recent market research on pullulan by Fact.According to MR, the market would expand significantly throughout the predicted period. This is mostly attributable to its use in sectors with rapid expansion, like the food and pharmaceutical industries. Additionally, pullulan’s entrance into the cosmetics business has increased its sales throughout the years and is anticipated to continue doing so for the next ten years.
Additionally, pullulan is expected to acquire popularity in the manufacturing of skin care products due to a number of skin-related advantages. Additionally, the usage of products in packaging has boosted their use in the food business. Fact.MR projects that these qualities will cause product sales to increase at a CAGR of about 5.6% from 2021 to 2031.
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Cosmetic Grade Pullulan to Foster the Market Growth
Pullulan enhances the immune response thus making skin resistant to infections. Also due to its tightening effect and water solubility, product is being highly recommended in the cosmetic industry.
Additionally, its excellent ability to form heat sealable film along with good oxygen barrier properties makes its best to be used in cosmetic products. Other properties which has helped in the growth of product in cosmetic industry over the years has been its use as encapsulating
- Meihua Group
- Haihang Industry
- Kumar Organics
are some of the prominent players in the manufacturing and supply of pullulan.
These key players have been practicing organic growth strategies such as product development, capacity expansion and innovation to expand their business and garner market share.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
Asia Pacific Pullulan Sales Outlook
Asia Pacific is projected to provide most lucrative market for product owing to rise in popularity of packaged food along with constant demand from cosmetic industry.
Additionally, over the years there has been a rise in consciousness towards appearance among Asian customers thus demand for cosmetic products have seen significant growth.
Growing disposable income among young consumers in Asia Pacific is also a major reason behind the heightening sales of product and for the use of pullulan in cosmetic industry in the region. High absolute $ opportunity is projected to be provided by Asia Pacific region over the forecast period 2021-2031.