The global cyclodextrin market is on a trajectory of significant expansion, with a forecasted increase in revenue from US$ 8.8 billion in 2024 to around US$ 16 billion by 2031, representing a value-based Compound Annual Growth Rate (CAGR) of approximately 9.0%. This growth is driven by a multitude of factors, including innovative applications across industries, increased demand for low-cholesterol food products, rising pharmaceutical formulations for infectious diseases, environmental protection initiatives, and more.
Growing Inclusion of Cyclodextrin in Essential Oils
One of the key trends shaping the cyclodextrin market is its growing inclusion in essential oils. Essential oils play a crucial role in various industries, including cosmetics, aromatherapy, and herbal medicines. Cyclodextrin is increasingly being utilized by essential oil manufacturers to preserve aroma and protect against environmental degradation. The application of cyclodextrin in essential oils enhances stability and extends the shelf life of these products, thereby driving market growth.
Growing Demand for Low-Cholesterol Food Products
The demand for low-cholesterol food products is experiencing an upward trajectory due to rising health consciousness among consumers. Cyclodextrin plays a vital role in the production process of these products by trapping bad cholesterol and fatty lipids, thereby mitigating cardiovascular risks. As a result, cyclodextrins are extensively used in the extraction of cholesterol from dairy products, contributing to market expansion.
Increasing Drug Formulation for Infectious Disease
With growing global concern over infectious diseases, pharmaceutical companies are investing heavily in the development of therapeutic formulations. Cyclodextrins, particularly alpha and beta cyclodextrins, are instrumental in enhancing the solubility and bioavailability of pharmaceutical products. Recent collaborations, such as Cyclolab's partnership with the University of California, Berkeley, underscore the potential of cyclodextrins in combating diseases like SARS-CoV-2, further bolstering market growth.
Cyclodextrin Used for Environmental Protection Aiding Market Growth
Addressing environmental concerns has become a priority worldwide, driving the adoption of sustainable solutions. Cyclodextrin's role in environmental protection, particularly in reducing the release of toxic chemicals during industrial processes, is gaining traction. By forming complexes with environmental contaminants, cyclodextrin effectively reduces their harmful impact, presenting growth opportunities in the market.
High Pricing of Cyclodextrin is Limiting Market Growth
Despite its myriad applications, the high price of cyclodextrin remains a significant challenge hindering market growth. Factors such as the costly extraction process from starch and limited supply contribute to the high pricing of cyclodextrin derivatives, particularly alpha and gamma cyclodextrins. This pricing dynamic poses constraints on industries reliant on cyclodextrin, such as pharmaceuticals and cosmetics, thereby impeding market expansion.
Regional Insights
Europe Leads in Cyclodextrin Production
European countries are prominent producers of cyclodextrin, catering to diverse applications, including pharmaceuticals. With a robust infrastructure for cyclodextrin manufacturing, Europe holds a significant market share, supported by the region's emphasis on innovation and sustainability.
North America: A Hub for Cyclodextrin Demand
North America commands a substantial market share, driven by the high demand for cyclodextrin across various industries, notably cosmetics and personal care. The region's focus on product innovation and consumer preferences for natural ingredients further propel market growth.
Category-Wise Analysis
Pharmaceutical Industry Drives Market Growth
The pharmaceutical industry emerges as a key driver of cyclodextrin market growth, with a projected high CAGR during the forecast period. Cyclodextrins offer numerous advantages in drug formulation, including improved solubility, stability, and reduced side effects. Government support and increasing investments in pharmaceutical research further fuel the demand for cyclodextrin in this sector.
Competitive Landscape
Major players play a pivotal role in shaping the global cyclodextrin market. These companies focus on product innovation and strategic collaborations to maintain their competitive edge. Regional and local players also contribute significantly, catering to niche segments and export markets.
Key companies profiled
- Wacker Chemie AG
- VIO CHEMICALS
- Tocopharm Co. Limited.
- Cyclolab
- Ashland
- Okklo Life Sciences
- Zibo Qianhui
- Shandong Xinda Biotechnology Co.
- Zhonglan Industry Co., Ltd
- Fengchen Group Co.,Ltd
- Xi'an Deli Biochemical Industry Co., Ltd
- Haihang Industry
- TCI
- Roquette Freres
- Mengzhou Hongji Biology Co
- Others (Available on request)
Cyclodextrin Industry Research by Category
By Type:
- Alpha-Cyclodextrin
- Beta-Cyclodextrin
- Gamma-Cyclodextrin
By Application:
- Food Industry
- Pharmaceutical
- Cosmetic & Personal Care
- Skin Care Products
- Hair Care Products
- Antiperspirant and Deodrants
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Cyclodextrin Market Snapshot
- 1.2. Future Projections
- 1.3. Key Market Trends
- 1.4. Regional Snapshot, by Value and Volume, 2023
- 1.5. Analyst Recommendations
2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.3. Value Chain Analysis
- 2.4. Porter's Five Forces Analysis
- 2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
- 2.6. Impact of Ukraine-Russia Conflict
- 2.7. Economic Overview
- 2.7.1. World Economic Projections
- 2.8. PESTLE Analysis
3. Production Output and Trade Statistics, 2018 - 2023
- 3.1. Global Personal Emergency Response Systems Production Output, by Region, Value (US$ Bn) and Volume (Units), 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa
4. Price Analysis, 2018 - 2023
- 4.1. Global Average Price Analysis, by Type, US$ Per Unit, 2018 - 2023
- 4.2. Prominent Factor Affecting Personal Emergency Response Systems Prices
- 4.3. Global Average Price Analysis, by Region, US$ Per Unit
5. Global Cyclodextrin Market Outlook, 2018 - 2031
- 5.1. Global Cyclodextrin Market Outlook, by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.1.1. Key Highlights
- 5.1.1.1. Alpha-Cyclodextrin
- 5.1.1.2. Beta-Cyclodextrin
- 5.1.1.3. Gamma-Cyclodextrin
- 5.2. Global Cyclodextrin Market Outlook, by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.2.1. Key Highlights
- 5.2.1.1. Food Industry
- 5.2.1.2. Pharmaceutical
- 5.2.1.3. Cosmetic & Personal Care
- 5.2.1.3.1. Skin Care Products
- 5.2.1.3.2. Hair Care Products
- 5.2.1.3.3. Antiperspirant and Deodrants
- 5.2.1.4. Others
- 5.3. Global Cyclodextrin Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.3.1. Key Highlights
- 5.3.1.1. North America
- 5.3.1.2. Europe
- 5.3.1.3. Asia Pacific
- 5.3.1.4. Latin America
- 5.3.1.5. Middle East & Africa
6. North America Cyclodextrin Market Outlook, 2018 - 2031
- 6.1. North America Cyclodextrin Market Outlook, by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.1.1. Key Highlights
- 6.1.1.1. Alpha-Cyclodextrin
- 6.1.1.2. Beta-Cyclodextrin
- 6.1.1.3. Gamma-Cyclodextrin
- 6.2. North America Cyclodextrin Market Outlook, by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.2.1. Key Highlights
- 6.2.1.1. Food Industry
- 6.2.1.2. Pharmaceutical
- 6.2.1.3. Cosmetic & Personal Care
- 6.2.1.3.1. Skin Care Products
- 6.2.1.3.2. Hair Care Products
- 6.2.1.3.3. Antiperspirant and Deodrants
- 6.2.1.4. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
- 6.3. North America Cyclodextrin Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.3.1. Key Highlights
- 6.3.1.1. U.S. Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.3.1.2. U.S. Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.3.1.3. Canada Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.3.1.4. Canada Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Cyclodextrin Market Outlook, 2018 - 2031
- 7.1. Europe Cyclodextrin Market Outlook, by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.1.1. Key Highlights
- 7.1.1.1. Alpha-Cyclodextrin
- 7.1.1.2. Beta-Cyclodextrin
- 7.1.1.3. Gamma-Cyclodextrin
- 7.2. Europe Cyclodextrin Market Outlook, by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.2.1. Key Highlights
- 7.2.1.1. Food Industry
- 7.2.1.2. Pharmaceutical
- 7.2.1.3. Cosmetic & Personal Care
- 7.2.1.3.1. Skin Care Products
- 7.2.1.3.2. Hair Care Products
- 7.2.1.3.3. Antiperspirant and Deodrants
- 7.2.1.4. Others
- 7.2.2. Attractiveness Analysis
- 7.3. Europe Cyclodextrin Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1. Key Highlights
- 7.3.1.1. Germany Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.2. Germany Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.3. U.K. Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.4. U.K. Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.5. France Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.6. France Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.7. Italy Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.8. Italy Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.9. Turkey Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.10. Turkey Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.11. Russia Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.12. Russia Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.13. Rest of Europe Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1.14. Rest of Europe Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Cyclodextrin Market Outlook, 2018 - 2031
- 8.1. Asia Pacific Cyclodextrin Market Outlook, by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.1.1. Key Highlights
- 8.1.1.1. Alpha-Cyclodextrin
- 8.1.1.2. Beta-Cyclodextrin
- 8.1.1.3. Gamma-Cyclodextrin
- 8.2. Asia Pacific Cyclodextrin Market Outlook, by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.2.1. Key Highlights
- 8.2.1.1. Food Industry
- 8.2.1.2. Pharmaceutical
- 8.2.1.3. Cosmetic & Personal Care
- 8.2.1.3.1. Skin Care Products
- 8.2.1.3.2. Hair Care Products
- 8.2.1.3.3. Antiperspirant and Deodrants
- 8.2.1.4. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
- 8.3. Asia Pacific Cyclodextrin Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1. Key Highlights
- 8.3.1.1. China Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1.2. China Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1.3. Japan Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1.4. Japan Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1.5. South Korea Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1.6. South Korea Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1.7. India Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1.8. India Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1.9. Southeast Asia Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1.10. Southeast Asia Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1.11. Rest of Asia Pacific Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1.12. Rest of Asia Pacific Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Cyclodextrin Market Outlook, 2018 - 2031
- 9.1. Latin America Cyclodextrin Market Outlook, by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.1.1. Key Highlights
- 9.1.1.1. Alpha-Cyclodextrin
- 9.1.1.2. Beta-Cyclodextrin
- 9.1.1.3. Gamma-Cyclodextrin
- 9.2. Latin America Cyclodextrin Market Outlook, by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.2.1. Key Highlights
- 9.2.1.1. Food Industry
- 9.2.1.2. Pharmaceutical
- 9.2.1.3. Cosmetic & Personal Care
- 9.2.1.3.1. Skin Care Products
- 9.2.1.3.2. Hair Care Products
- 9.2.1.3.3. Antiperspirant and Deodrants
- 9.2.1.4. Others
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
- 9.3. Latin America Cyclodextrin Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.1. Key Highlights
- 9.3.1.1. Brazil Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.1.2. Brazil Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.1.3. Mexico Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.1.4. Mexico Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.1.5. Argentina Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.1.6. Argentina Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.1.7. Rest of Latin America Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.1.8. Rest of Latin America Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Cyclodextrin Market Outlook, 2018 - 2031
- 10.1. Middle East & Africa Cyclodextrin Market Outlook, by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.1.1. Key Highlights
- 10.1.1.1. Alpha-Cyclodextrin
- 10.1.1.2. Beta-Cyclodextrin
- 10.1.1.3. Gamma-Cyclodextrin
- 10.2. Middle East & Africa Cyclodextrin Market Outlook, by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.2.1. Key Highlights
- 10.2.1.1. Food Industry
- 10.2.1.2. Pharmaceutical
- 10.2.1.3. Cosmetic & Personal Care
- 10.2.1.3.1. Skin Care Products
- 10.2.1.3.2. Hair Care Products
- 10.2.1.3.3. Antiperspirant and Deodrants
- 10.2.1.4. Others
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
- 10.3. Middle East & Africa Cyclodextrin Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1. Key Highlights
- 10.3.1.1. GCC Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1.2. GCC Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1.3. South Africa Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1.4. South Africa Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1.5. Egypt Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1.6. Egypt Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1.7. Nigeria Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1.8. Nigeria Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1.9. Rest of Middle East & Africa Cyclodextrin Market by Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1.10. Rest of Middle East & Africa Cyclodextrin Market by Application, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
- 11.1. By End User vs by Type Heatmap
- 11.2. Company Market Share Analysis, 2022
- 11.3. Competitive Dashboard
- 11.4. Company Profiles
- 11.4.1. Wacker Chemie AG
- 11.4.1.1. Company Overview
- 11.4.1.2. Product Portfolio
- 11.4.1.3. Financial Overview
- 11.4.1.4. Business Strategies and Development
- 11.4.2. VIO CHEMICALS
- 11.4.2.1. Company Overview
- 11.4.2.2. Product Portfolio
- 11.4.2.3. Financial Overview
- 11.4.2.4. Business Strategies and Development
- 11.4.3. Tocopharm Co. Limited.
- 11.4.3.1. Company Overview
- 11.4.3.2. Product Portfolio
- 11.4.3.3. Financial Overview
- 11.4.3.4. Business Strategies and Development
- 11.4.4. Cyclolab
- 11.4.4.1. Company Overview
- 11.4.4.2. Product Portfolio
- 11.4.4.3. Financial Overview
- 11.4.4.4. Business Strategies and Development
- 11.4.5. Ashland
- 11.4.5.1. Company Overview
- 11.4.5.2. Product Portfolio
- 11.4.5.3. Financial Overview
- 11.4.5.4. Business Strategies and Development
- 11.4.6. Okklo Life Sciences
- 11.4.6.1. Company Overview
- 11.4.6.2. Product Portfolio
- 11.4.6.3. Financial Overview
- 11.4.6.4. Business Strategies and Development
- 11.4.7. Zibo Qianhui
- 11.4.7.1. Company Overview
- 11.4.7.2. Product Portfolio
- 11.4.7.3. Financial Overview
- 11.4.7.4. Business Strategies and Development
- 11.4.8. Shandong Xinda Biotechnology Co.
- 11.4.8.1. Company Overview
- 11.4.8.2. Product Portfolio
- 11.4.8.3. Financial Overview
- 11.4.8.4. Business Strategies and Development
- 11.4.9. Zhonglan Industry Co., Ltd
- 11.4.9.1. Company Overview
- 11.4.9.2. Product Portfolio
- 11.4.9.3. Financial Overview
- 11.4.9.4. Business Strategies and Development
- 11.4.10. Fengchen Group Co.,Ltd
- 11.4.10.1. Company Overview
- 11.4.10.2. Product Portfolio
- 11.4.10.3. Financial Overview
- 11.4.10.4. Business Strategies and Development
12. Appendix
- 12.1. Research Methodology
- 12.2. Report Assumptions
- 12.3. Acronyms and Abbreviations