Glycerin Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Glycerin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Glycerin market report, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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, also referred to as glycerol, possesses distinctive characteristics like a sweet taste, clear appearance, thick texture, absence of scent, and safety for consumption. It is derived from the hydrolysis of natural oils and fats found in both plant and animal sources. Diverse methods such as saponification, hydrolysis, and transesterification of triglycerides are utilized in the production of glycerin. This versatile compound provides a range of benefits, including supporting weight loss, improving exercise performance, and nurturing healthy skin. It finds applications as a remedy for various medical conditions like ear infections, obesity, constipation, stroke, and more. Additionally, glycerin serves various roles such as a humectant, plasticizer, emollient, sweetener, and filler in low-fat food items.
Glycerin Market Trends and Drivers:
The utilization of glycerin as a solvent to augment taste and sweetness in a diverse range of food items and drinks has notably risen. Glycerin is presently widely used in the creation of energy bars, cake frostings, soft confections, chewing gum, lotions, dietary foods, dehydrated fruits, fondant, fudge, and marshmallows. This uptick in usage can be credited to the increasing consumer inclination towards low-fat alternatives in both food and beverages, a significant factor propelling the worldwide market’s growth.
Moreover, glycerin has found extensive application in the pharmaceutical industry as an excipient in medications such as cough syrups and tablets. This usage in medicines has had a positive influence on the market, as its adoption continues to grow. Additionally, the personal care and cosmetic product manufacturing sectors have increasingly relied on glycerin, leading to favorable market growth in this industry as well.
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.
The report has segmented the market on the basis of region, process, grade, source and application.
Breakup by Process:
- Fat Splitting
Breakup by Grade:
- USP Grade
- Technical Grade
Breakup by Source:
- Fatty Acids
Breakup by Application:
- Food and Beverages
- Personal Care and Cosmetics
- Industrial Chemicals
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800