Glycerol Market is Key to Making Clean Products Trends by Growing Demand for Sustainable Ingredients

 
Glycerol Market Demand 

Glycerol, also known as glycerin or glycerine, is a versatile substance with wide industrial uses from personal care to food products. Glycerol is derived as a byproduct during soap and biodiesel production and has gained significant prominence as a green emollient and humectant. Glycerol provides a moisturizing effect and helps retain moisture in cosmetic products like soaps, creams, lotions etc. It is also utilized as a preserve in food products to prevent drying out and enhance their shelf life.

The Global Glycerol Market is estimated to be valued at US$ 3.63 Bn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Glycerol market are QIAGEN, Dicerna Pharmaceuticals Inc., Phio Pharmaceuticals Corp., Arcturus Therapeutics, Ionis Pharmaceuticals Inc., Sigma Aldrich (Merck KGaA), Benitec Biopharma Ltd., Silence Therapeutics PLC, SBI Biotech Co. Ltd., Alnylam Pharmaceuticals Inc., and Thermo Fisher Scientific Inc. The growing demand for natural and sustainable ingredients in personal care and food industries is propelling the glycerol market. Glycerol producers are expanding their global footprint to ensure adequate supply and gain proximity to prominent end-use markets.

Market Key Trends

The Glycerol Market Demand is poised to grow on account of rising preference for eco-friendly products. Glycerol plays a pivotal role in substituting potentially harmful chemical ingredients and allowing manufacturers to advertise their products as "natural" or "clean-label". Furthermore, continuous R&D is expanding glycerol applications beyond personal care and food industries into biomedical and industrial uses such as polyglycerols, propylene glycol esters etc., thereby opening new revenue streams for glycerol producers.

Porter’s Analysis
Threat of new entrants: New players would face huge barriers in terms of capital requirements, economy of scale, technology and brand recognition already established by existing players in the market. Bargaining power of buyers: Buyers have moderate bargaining power as glycerol has applications across industries like personal care & cosmetics, food & beverages, pharmaceutical etc. Switching costs are low. Bargaining power of suppliers: Suppliers have moderate bargaining power as raw materials for glycerol production are commoditized and there are many suppliers globally. Threat of new substitutes: Substitute products have emerged but are not considered as threat given glycerol's unique properties and wide applications. Competitive rivalry: Industry players compete on the basis of product quality, technology, distribution reach and supply agreements.

Geographical Regions

North America accounted for the largest share in the global glycerol market in terms of volume in 2024 led by increasing demand from several end-use industries such as food & beverage, personal care, pharmaceuticals etc. in countries like United States and Canada. Asia Pacific region is projected to be the fastest growing market during the forecast period supported by expanding glycerol consumption from China, Japan and India attributed to surge in personal care & cosmetics products demand coupled with rapid industrialization.

Geographical Regions

Europe held the second largest market share in 2024 with Germany, United Kingdom and France leading the demand on account of escalating usage of glycerol as a humectant, solvent and viscosity-controlling agent in numerous end-use applications like food & beverages and personal care products. Middle East & Africa and Latin America are likely to experience steady growth owing to augmenting glycerol utilization from construction and oil & gas sectors over the forecast timeline.

Get More Insights on- Glycerol Market

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)


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