Asia Pacific Methyl Glucose Market Size

Asia Pacific Methyl Glucose Market Size

Asia Pacific Methyl Glucose Market size exceeded USD 40 million, globally in 2018 and is estimated to grow at over 8% CAGR between 2019 and 2025.

To get key market trends

  Download Free Sample

Methyl Glucose is a monosaccharide prepared in research laboratory through acid-catalyzed reaction of methanol and glucose. It is widely utilized as a chemical intermediate for generating products or derivatives that serve the cosmetics & personal care industry as thickening agents, humectants, emollients, moisturizers, and emulsifiers. Methyl glucose market products find increasing application in hair care, moisturizing creams, body wash, lotions, baby care, cleansers, and other skincare products. Factors such as non-toxic and non-irritant nature along with their ability to form stable emulsions supporting product demand.

Asia Pacific beauty & personal care market size is anticipated to grow over 5% at the end of 2020. Enhanced focus on product & ingredient innovations, product branding, growth in middle class income levels, penetration of multinational brands, and online distribution network expansion supporting industry growth. High demand for multifunctional cosmetic ingredients in shampoo and cleansers have led to increased R&D activities among the manufacturers. Market growth can be attributed to upsurge in demand for bio-based cosmetics in order to reduce the impact of harmful chemicals on skin and scalp will promote the regional methyl glucose demand.

Countries including Japan, China, and South Korea are the leading cosmetics & personal care product manufacturers in the region. Stringent government regulations in these economies for prohibiting use of synthetic additives will promote bio-based cosmetic ingredients market. Also, high awareness among consumers toward adverse effects of high-grade synthetic chemicals in cosmetics has enhanced the product adoption. In addition, increasing government initiatives in several countries for promoting country’s import and export market activities will stimulate the personal care and cosmetics industry growth. For instance, in July 2017, the government of China reduced the import tariff on most cosmetics from 8.4% to 2.9%, which is expected to support the methyl glucose industry expansion.

Factors such as presence of large geriatric population in the region is likely to increase the demand for premium quality anti-aging and anti-wrinkle creams and face washes, thereby supporting the methyl glucose industry advancement. Strong growth in the tourism sector in the region has urged the manufacturers to develop new and unique beauty & personal care market products. Leading cosmetic companies are implementing new innovations by the addition of antipollution ingredients with antioxidant complexes to improve product quality. However, incorporation of alternatives such as plant-based ingredients in cosmetics owing to their eco-friendly nature has urged manufacturers to develop organic products, may retrain the overall market growth.