Core Viewpoint - The global market for Dipotassium Glycyrrhizinate (DPG) is projected to reach $80 million by 2031, with a compound annual growth rate (CAGR) of 7.0% in the coming years [2]. Market Overview - The global DPG market is expected to grow significantly, with the market size reaching $80 million by 2031 and a CAGR of 7.0% [2]. - The major manufacturers of DPG include companies such as GfN Selco, MAFCO Worldwide, and Nikko Chemicals, with the top five companies holding approximately 68.0% of the market share in 2024 [6]. - The cosmetic grade of DPG is the leading product type, accounting for about 68.4% of the market share [7]. - The primary application of DPG is in cosmetics and skin care, which constitutes approximately 60.6% of the demand [10]. Key Drivers - Technological advancements and industrial upgrades, such as green extraction processes, have significantly reduced energy consumption and pollution, creating compliance advantages under stricter environmental policies [13]. - The restructuring of policies and resource factors, including China's "14th Five-Year Plan" emphasizing biomanufacturing, supports the sustainable supply of raw materials [13]. - The rising consumer interest in health products post-COVID-19 has increased the penetration of DPG-containing health foods in markets like Japan and Southeast Asia [13]. - The trend towards "Clean Beauty" in mature markets and the long-standing preference for herbal ingredients among Asian consumers have positioned DPG as a valuable additive in high-end beauty products [14]. Key Challenges - Compliance with regulatory standards and safety regulations is critical in the pharmaceutical and cosmetic industries, posing significant risks for DPG manufacturers [16]. - Supply chain disruptions due to weather events or geopolitical issues may affect the availability and cost of raw materials [17]. - The competitive landscape in the cosmetic and pharmaceutical raw materials market is intense, with challenges in maintaining product differentiation and managing price volatility [20]. Industry Development Trends - DPG has been shown to inhibit allergic reactions in sensitive skin by promoting the synthesis of epidermal proteins and enhancing skin barrier function [22]. - There is a growing consumer demand for natural and plant-derived ingredients, which is likely to increase the demand for DPG due to its natural sourcing [23]. - Awareness of the health benefits associated with DPG may influence market trends positively [24].