Rising food & beverage and personal care & cosmetic industries in emerging economies are propelling the market for glycerol!

The global glycerol market is likely to showcase a growth of around 6% during the forecast period. Rising demand from major end-use industries like food & beverage, personal care & cosmetics, pharmaceutical, and nutraceuticals is one of the key factors driving the market. These industries are witnessing a surge in demand for final products owing to the rising population, increasing income, and changing lifestyle, therefore, to meet the growing requirement, industries are increasing the production capacity, thus in turn, increasing the procurement of raw materials used to manufacturer final consumer essential products, eventually boosting the market for glycerol.

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Over the years, glycerol played a key role in the manufacturing of a range of essential products whether it’s food or pharmaceutical drugs. It is expected that as the global end-use industry is showcasing robust growth owing to changing market dynamics including growing income, large and growing population, urbanization, and changing people lifestyles, the demand for glycerol would grow as well. Besides this, in the last several years, increasing focus on sustainability has had an impact on the glycerol market as well. Increased output from biodiesel has resulted in a surge in the supply of crude glycerol. However, since crude glycerol does not meet the requirement of USP certification has limited application areas.

Based on source, the market is categorized into biodiesel, fatty alcohols, fatty acids, and soap. Among these, the biodiesel category is likely to showcase robust growth owing to the increased output of biodiesel as consumers are shifting towards sustainable alternatives to conventional fossil fuels. Glycerol is produced in the conversion of oils to biodiesel, thus with increasing production of biodiesel, the supply of glycerol would increase as well. However, the limited application of biodiesel-based glycerol due to not meeting the USP certification requirement might create a hindrance in the market growth.

Based on end-user, the market is categorized into food & beverage, pharmaceutical, nutraceutical, personal care & cosmetics, and others. Among these, the personal care & cosmetics industry accounted for a prominent share of the market and is expected to retain its position during the forecast period. Rising awareness regarding hygiene and growing cosmetic influence among the new generation are some of the key factors propelling the market for personal care & cosmetics, thereby fueling the market for glycerol.

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For a better understanding of the market adoption of glycerol, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The Asia-Pacific region is likely to showcase robust growth over the forecast period owing to bolstering growth in end-use industries of the regional economies due to rising internal consumption and increasing export of final products from the regional countries.

Global Glycerol Market Segmentation

Market Insight, by Source

• Biodiesel
• Fatty Alcohols• Fatty Acids• Soap

Market Insight, by Type

• Crude
• Refined

Market Insight, by End-User

• Food & Beverage
• Pharmaceutical
• Nutraceutical
• Personal Care & Cosmetics
• Others

Market Insight, by Region

• North America Glycerol Market
  • The United States
  • Canada
  • Rest of North America
• Europe Glycerol Market
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia-Pacific Glycerol Market
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of World Glycerol Market

Top Company Profiles

• Cargill Incorporated
• BASF SE
• The Procter & Gamble Company
• Oleon NV
• KLK OLEO
• The Dow Chemical Company
• The Archer-Daniels-Midland Company
• Wilmar International Limited
• Pacific Oleochemicals Sdn Bhd
• Kao Corporation