Glycerol Market Analysis by Production Method

Glycerol Market Analysis by Production Method

Report Overview:

The global Glycerol  Market was valued at USD 4.9 billion in 2023 and is projected to reach USD 5.9 billion by 2033, expanding at a CAGR of 1.9% during the forecast period. This steady growth reflects the growing demand for glycerol across key sectors such as pharmaceuticals, personal care, and food & beverages. Thanks to its wide-ranging functionality—as a humectant, sweetener, and solvent—glycerol has become a vital ingredient in various commercial and industrial applications.

In 2023, Asia Pacific led the market, driven by a rising focus on health and wellness. Refined glycerol accounted for 78% of the market share, and biodiesel remained the top source, making up 59.5% of total production.

Key Takeaways

• Market Value: Expected to grow from USD 4.9 billion in 2023 to USD 5.9 billion by 2033, registering a 1.9% CAGR.

• Refined Glycerol: Dominated the market with a 78% share in 2023, commonly used in cosmetics and home care.

• Crude Glycerol: Set to expand at a CAGR of 6.2%, with applications growing in budget-friendly personal care and supplements.

• Biodiesel-based glycerol accounted for 59.5%, benefiting from green energy initiatives.

• Pharmaceuticals and nutraceuticals are expanding swiftly.

• Fatty alcohols are gaining popularity in cosmetics and cleaning products.

• Personal care & cosmetics dominated with 34% share in 2023
• Asia-Pacific led regional demand, advancing at 6.5% CAGR due to lifestyle and dietary shifts.

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Key Market Segments

By Type

• Refined
• Crude

By Source

• Biodiesel
• Fatty Acids
• Fatty Alcohols
• Soaps

By End-use

• Food & Beverage
• Nutraceutical
• Pharmaceutical
• Industrial
• Personal Care & Cosmetics
• Other End-uses

Growth Opportunity

Glycerol is increasingly valued in pharmaceuticals and nutraceuticals, where it’s used in liquid drugs, health drinks, and dietary products. As consumers move toward healthier, sugar-free alternatives, glycerol’s role as a sweetener and stabilizer is gaining ground.

Asia-Pacific offers major expansion potential, driven by growing consumer health awareness and urbanization. Meanwhile, the use of cost-effective crude glycerol is rising in price-sensitive markets, opening doors for broader industry adoption.

Latest Trends

A noticeable trend is the growing supply of glycerol from biodiesel, aligning with global environmental goals and boosting availability. This makes glycerol a more accessible and economical raw material.

Another trend is the preference for natural, plant-based ingredients in cosmetics and personal care. Glycerol’s eco-friendly and versatile nature makes it a favorite in these sectors. Its ability to serve both food and pharma industries allows companies to create more integrated product lines.

Market Key Players

• BASF SE
• Cargill, Incorporated
• Procter & Gamble
• Oleon NV
• KLK OLEO
• Dow
• ADM
• Wilmar International Ltd.
• Kao Corporation
• Emery Oleochemicals
• COCOCHEM
• Godrej Industries Limited
• Monarch Chemicals Ltd
• Aemetis, Inc.
• CREMER OLEO GmbH & Co. KG
• Sakamoto Yakuhin Kogyo Co.Ltd.
• Fine Chemicals & Scientific Co.