The global 1,2-hexanediol market is anticipated to grow at a considerable CAGR of 5.7% during the forecast period (2024–2031). The market growth is driven by the growth in the processed foods industry with changes in food consumption patterns. Wherein, most processed foods including ready-to-drink, ready-to-eat, ready-to-cook, and frozen foods require preservatives to increase shelf life, prevent deterioration from enzymes, microorganisms, and exposure to oxygen, 1,2-hexanediol is used as a preservative in foods and sometimes in functional foods for nutritional benefits. As perthe US Department of Agriculture, meat processing is the largest industry group in food and beverage manufacturing based on sales, value-added, and employment. Meat processing includes livestock and poultry slaughter, processing, and rendering. It is the largest industry group in food and beverage manufacturing, with 26.2% of sales in 2021. Other important industry groups by sales include dairy (12.8%), other foods (12.0%), beverages (11.3%), and grain and oilseeds (10.4%).
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Moreover, the demand for food preservatives is also contributed by increasing international trade of processed food between countries requiring high-performance preservatives to sustain the shelf life of processed foods for a longer duration. For instance, as per IBEF India, from2011-12 to 2020-21, the export of goods under the Ready to Eat (RTE), Ready to Cook (RTC), and Ready to Serve (RTS) divisions saw a CAGR of 10.4%. India exported finished food goods worth more than $2.1 billion in 2020-21. The US, the UAE, and Nepal are the top three RTE export destinations in 2020-21. In 2020-21, the primary exporting destinations for RTC werethe US, Malaysia, and the UAE.
Market Coverage
• The market number available for 2023-2031
• Base year: 2023
• Forecast period: 2024-2031
• Segment Covered-
o By Type
o By Quality Grade
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive landscape include Merck Kgaa, BASFSE, Lanxess AG, Fushun Tianfu Chemicals Co., Ltd., and Perstorp AB.
Key questions addressed by the report
Global 1,2-Hexanedio Market Report Segment
By Type
By Quality Grade
Global 1,2-Hexanedio Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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