Rising demand in the food & beverage industry is projected to fuel the growth of the Global Bio-Based Propylene Glycol Market at a CAGR of 8.9% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Bio-Based Propylene Glycol Market” that contains information from 2018 to 2032.

The Global Bio-Based Propylene Glycol Market is estimated to register a CAGR of 8.9% during the forecast period of 2024 to 2032.

As per Market Research Future (MRFR) analysis the following companies as the key players in the Global Bio-Based Propylene Glycol Market—Ayas Renewables Inc., Pacific Fluids LLC, Orlen, BASF SE, DOW, The Archer-Daniels-Midland Company, Oleon NV, Global Bio-chem Technology Group Company Limited, CORECHEM Inc, and UPM among other key players.

Market Highlights

The Global Bio-Based Propylene Glycol Market is Projected to Grow at a CAGR of 8.9% in the forecast period, and the market is expected to reach US$ 1,970.7 million by 2032.

The personal care and cosmetics sector is experiencing a significant transformation driven by a growing awareness of sustainability and health among consumers. This shift is particularly relevant to the adoption of bio-based ingredients, such as bio-based propylene glycol, which is increasingly favored for its eco-friendly profile and multifunctional properties. Today's consumers are more informed than ever about the ingredients in their personal care products. There is a marked preference for natural and organic formulations that minimize the use of synthetic chemicals. This trend is fueled by concerns about skin sensitivity, allergies, and the long-term effects of chemical exposure. Bio-based propylene glycol, derived from renewable sources, offers a safer alternative to traditional petroleum-based propylene glycol, appealing to consumers seeking gentler options for their skincare and cosmetic routines.

The rise of ethical consumerism has prompted brands to adopt more sustainable practices throughout their supply chains. Consumers are increasingly scrutinizing not only the ingredients in their products but also the sourcing and production methods. Brands that prioritize sustainability, transparency, and ethical sourcing are gaining a competitive edge. By incorporating bio-based propylene glycol, companies can demonstrate their commitment to environmentally responsible practices, thereby attracting a loyal customer base that values sustainability.

Regulatory bodies and industry organizations are increasingly advocating for the use of bio-based and natural ingredients in cosmetics and personal care products. This shift is driven by a desire to reduce the environmental impact of the industry and promote consumer safety. As regulations evolve, companies are compelled to reformulate their products to comply with new standards, leading to a greater emphasis on bio-based ingredients like propylene glycol. This regulatory pressure is further motivating brands to innovate and adopt more sustainable formulations.

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Segment Analysis

Global bio-based propylene glycol market, the segmentation based on application includes solvent, chemical intermediates, unsaturated polyester resin, and antifreeze & coolant, others. In 2023, the unsaturated polyester resin segment accounted for 44.73% of the market revenue share. This segment is projected to maintain a Compound Annual Growth Rate (CAGR) of 8.9% in the forecast period. he growth of this segment is primarily driven by the increasing demand for UPR in various applications, including construction, automotive, and marine industries. UPR is valued for its excellent mechanical properties, durability, and resistance to environmental factors, making it ideal for use in composite materials and coatings. As industries continue to seek sustainable alternatives to conventional resins, bio-based propylene glycol is becoming a preferred choice due to its renewable origin and lower environmental impact.

Based on end-use industry, the global bio-based propylene glycol market is categorized into transportation, food & beverages, building & construction, pharmaceuticals, cosmetics & personal care, and others. In 2023, the cosmetics & personal care segment dominated the market with a significant market revenue share of 33.90%. This segment is anticipated to grow at a compound annual growth rate (CAGR) of 9.01% during the projected period. The growth in this sector is primarily attributed to the rising consumer demand for natural and sustainable ingredients in personal care products. As consumers become more conscious of the ingredients in their cosmetics, there is a marked shift towards products that are free from harmful chemicals and derived from renewable sources. Bio-based propylene glycol is valued for its moisturizing properties, safety, and versatility, making it an ideal ingredient in formulations for skincare, haircare, and makeup products.

Regional Analysis

By Region, the global bio-based propylene glycol market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In 2023, the Asia-Pacific region emerged as the dominant force in the global market, holding a substantial market revenue share of 42.98%. The APAC region has experienced rapid economic growth and industrialization over the past few decades, particularly in countries like China, India, and Japan. This economic expansion has led to the development of various industries, including cosmetics, personal care, pharmaceuticals, and transportation, which are major consumers of bio-based propylene glycol. As these industries continue to grow, the demand for sustainable and eco-friendly alternatives like bio-based propylene glycol is expected to rise, driving market growth in the region.

Consumers in the APAC region is becoming increasingly aware of the importance of sustainability and are actively seeking out eco-friendly products. This shift in consumer preferences has prompted manufacturers to adopt sustainable practices and incorporate bio-based ingredients into their products. Governments in the region are also playing a crucial role in promoting sustainability by implementing regulations and policies that encourage the use of renewable resources and reduce the environmental impact of industries. The versatility of bio-based propylene glycol has led to its increasing adoption in various industries in the APAC region, including cosmetics, personal care, pharmaceuticals, food and beverages, and transportation. As these industries continue to explore new applications for bio-based propylene glycol, the demand for this product is expected to rise, contributing to the region's dominant market position.

Key Findings of the Study

• The global bio-based propylene glycol market is expected to reach 1,970.7 million by 2032, at a CAGR of 8.9% during the forecast period.


• The Asia Pacific region accounted for the largest market revenue share of 42.98% in 2023.


• Based on application, the unsaturated polyester resin segment dominated the global market with the largest revenue share of 44.73% in 2023.


• Based on the end-use industry, the cosmetics & personal care segment dominated the market with the largest market revenue share of 33.90% in 2023.


• The global bio-based propylene glycol market key players include Ayas Renewables Inc., Pacific Fluids LLC, Orlen, BASF SE, DOW, The Archer-Daniels-Midland Company, Oleon NV, Global Bio-chem Technology Group Company Limited, CORECHEM Inc, and UPM, and Others.