Glycerin Market Report 2023: Industry Overview, Size, Share, Growth & Forecast till 2028

Global Glycerin Market Overview 2023-2028

The global glycerin market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.

Glycerin, or glycerol, is a chemical compound with a sweet taste. It has a transparent and thick consistency, and it lacks both odor and toxicity. This compound is derived from the hydrolysis of natural oils and fats found in plants and animals. Various processes, such as saponification, hydrolysis, and transesterification of triglycerides, are employed to produce glycerin. Its benefits include aiding in weight loss, enhancing exercise performance, and promoting healthy skin. Moreover, glycerin is used for treating ear infections, obesity, constipation, stroke, and other medical conditions. Additionally, it serves as a humectant, plasticizer, emollient, sweetener, and filler in low-fat food products.

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Global Glycerin Market Trends and Drivers:

The utilization of glycerin as a solvent has witnessed a significant surge, particularly in the realm of food and beverage production. It serves as a flavor enhancer and sweetener in a wide range of products, including energy bars, cake icings, soft candies, chewing gum, creams, diet foods, dried fruits, fondant, fudge, and marshmallows. This trend is driven by the growing consumer preference for low-fat food and beverage options, which has contributed to the expansion of the market worldwide. Furthermore, glycerin has found increased acceptance in the pharmaceutical industry as an excipient in medications like cough syrups and tablets, thus positively impacting the market. Additionally, the escalating usage of glycerin in the manufacturing of personal care and cosmetic products has also played a favorable role in market growth.

Global Glycerin Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: Archer-Daniels-Midland Company, Avril Group, BASF SE, Cargill Incorporated, Croda International PLC, Emery Oleochemicals (PTT Global Chemical Public Company Limited), Godrej Industries Limited, IOI Corporation Berhad, Kao Corporation, Kuala Lumpur Kepong Berhad, Louis Dreyfus Company B.V., The Procter & Gamble Company and Wilmar International Limited.

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The report has segmented the market on the basis of region, process, grade, source and application.

Breakup by Process:

Transesterification
Saponification
Fat Splitting

Breakup by Grade:

USP Grade
Technical Grade

Breakup by Source:

Biodiesels
Fatty Acids
Others

Breakup by Application:

Pharmaceuticals
Food and Beverages
Personal Care and Cosmetics
Industrial Chemicals
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

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Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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