Global Glycerin Market Size, Share, Opportunities, And Trends By Grade (Crude Glycerin, Refined Glycerin), By Source (Biodiesels, Fatty Acids, Fatty Alcohols, Other Sources), By Application (Pharmaceuticals, Food and Beverage, Personal Care and Cosmetics, Industrial Chemicals, Others), And By Geography - Forecasts From 2025 To 2030
- Published : Mar 2025
- Report Code : KSI061613773
- Pages : 154
Glycerin Market Size:
The global glycerin market is expected to attain US$5.501 billion in 2030 from US$3.871 billion in 2025, growing at a CAGR of 7.28%.
The usage of glycerin is rising in different end-user industries, such as pharmaceuticals, food, and beverages, among others, because it has several distinct properties that make it suitable for use in the end-user industries. In the food and beverage industry, glycerin is gaining popularity owing to its use as a thickening agent or to control the moisture level in the food and stabilize it if it contains both water and oil. Glycerin is also regarded as a safe additive by the U.S. Food and Drug Administration (FDA). Moreover, its use in the pharmaceutical industry as an excipient and a humectant in cosmetics is pushing the market growth. However, the availability of substitutes threatens the market’s expansion during the forecast period. Some end-users are still using chemicals such as propylene and ethylene glycol for applications that include antifreeze and de-icing, thus impacting the market growth.
Global Glycerin Market Overview & Scope:
The global glycerin market is segmented by:
- Grade: By grade, the global glycerin market is categorized into crude glycerin and refined glycerin. The refined glycerin category is estimated to grow substantially. The refined glycerin offers its application across multiple sectors, including pharmaceutical, cosmetics, and food & beverage, among others.
- Source: By source, the market is divided into biodiesels, fatty acids, fatty alcohols, and other sources. The biodiesels category is growing significantly.
- Application: By application, the market is divided into pharmaceuticals, food & beverage, personal care & cosmetics, industrial chemicals, and others. The pharmaceutical industry is estimated to hold a significant share over the forecast period due to its rising usage in different applications, such as a sweetener in syrups and lozenges and as an excipient compound in various eyewash solutions.
- Region: The Asia Pacific region is estimated to hold a considerable share during the forecast period owing to the increasing cosmetics industry and personal care products manufacturing due to the rising demand from the population. In addition, the low manufacturing cost is boosting demand for the chemical glycerin and bolstering regional market growth.
Top Trends Shaping the Global Glycerin Market:
1. Increasing demand for biodiesel
- The increasing global biodiesel production is also among the key factors pushing the demand for glycerin forward. The production of biodiesel also produces glycerin as a by-product. The increasing governmental initiatives for the utilization of biodiesel across multiple sectors, especially in countries like India and the USA, are estimated to propel the market forward.
Global Glycerin Market Growth Drivers vs. Challenges:
Opportunities:
- Growing demand for the cosmetics sector: The increasing global demand for cosmetics and personal care products is propelling the market expansion. In this sector, glycerin is commonly used to formulate various creams and serums. It helps in providing a smooth texture to the skincare products.
- Increasing application in the pharmaceutical sector: In the pharmaceutical sector, glycerin offers key applications across multiple products. Glycerin improves the taste and smoothness of various drugs, like tablets and capsules. It is also used in the formulation of cough syrups, as glycerin helps in preventing throat irritation and reducing coughing. The increasing global demand for the pharmaceutical sector is also among the key factors pushing this market forward worldwide.
Challenges:
- Rising demand for synthetic alternatives: The increasing demand for synthetic substitutes, like propylene glycol, is among the key factors restricting the global glycerin market growth during the forecasted timeline. The demand for synthetic alternatives witnessed major growth, especially in industrial applications, along with utilization in the cosmetics and pharmaceutical sectors.
Global Glycerin Market Regional Analysis:
- North America: The North American region is expected to grow considerably during the forecast period. This is attributable to the chemical, petrochemical, and food and beverage industries, which are also contributing to the regional market position.
Global Glycerin Market Competitive Landscape:
The market is fragmented, with many notable players including Cargill, Incorporated, Kao Corporation, BIODEX TRADING GmbH, Wilmar International Ltd., Louis Dreyfus Company, Godrej Industries Limited, Vance Group Ltd., ADM, BASF SE, Dow, Croda International Plc, Procter & Gamble, Emery Oleochemicals, Pilot Chemical Company, and SEPPIC S.A., among others.
Product Launch: In October 2024, Argent Energy, a global leader in bio-based fuels, launched technical grade, bio-based glycerin, which is specifically designed for the chemical market. The company also opened its glycerin refinery at the port of Amsterdam, producing about 50,000 tons of bio-based glycerin.
Glycerin Market Scope:
| Report Metric | Details |
| Glycerin Market Size in 2025 | US$3.871 billion |
| Glycerin Market Size in 2030 | US$5.501 billion |
| Growth Rate | CAGR of 7.28% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Glycerin Market |
|
| Customization Scope | Free report customization with purchase |
The Global Glycerin Market is analyzed into the following segments:
By Grade
- Crude Glycerin
- Refined Glycerin
By Source
- Biodiesels
- Fatty Acids
- Fatty Alcohols
- Other Sources
By Application
- Pharmaceuticals
- Food and Beverage
- Personal Care and Cosmetics
- Industrial Chemicals
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Frequently Asked Questions (FAQs)
The glycerin market is expected to reach a total market size of US$5.501 billion by 2030.
Glycerin Market is valued at US$3.871 billion in 2025.
The glycerin market is expected to grow at a CAGR of 7.28% during the forecast period.
In the food and beverage industry, glycerin is gaining popularity owing to its use as a thickening agent or to control the level of moisture present in the food and stabilize them if the food contains both water and oil.
The North American region is anticipated to hold a significant share of the glycerin market.
1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
2.1. Market Overview
2.2. Market Definition
2.3. Scope of the Study
2.4. Market Segmentation
3. BUSINESS LANDSCAPE
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Porter’s Five Forces Analysis
3.5. Industry Value Chain Analysis
3.6. Policies and Regulations
3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. GLOBAL GLYCERIN MARKET BY GRADE
5.1. Introduction
5.2. Crude Glycerin
5.3. Refined Glycerin
6. GLOBAL GLYCERIN MARKET BY SOURCE
6.1. Introduction
6.2. Biodiesels
6.3. Fatty Acids
6.4. Fatty Alcohols
6.5. Other Sources
7. GLOBAL GLYCERIN MARKET BY APPLICATION
7.1. Introduction
7.2. Pharmaceuticals
7.3. Food and Beverage
7.4. Personal Care and Cosmetics
7.5. Industrial Chemicals
7.6. Others
8. GLOBAL GLYCERIN MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Grade
8.2.2. By Source
8.2.3. By Application
8.2.4. By Country
8.2.4.1. USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. By Grade
8.3.2. By Source
8.3.3. By Application
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. By Grade
8.4.2. By Source
8.4.3. By Application
8.4.4. By Country
8.4.4.1. United Kingdom
8.4.4.2. Germany
8.4.4.3. France
8.4.4.4. Spain
8.4.4.5. Others
8.5. Middle East and Africa
8.5.1. By Grade
8.5.2. By Source
8.5.3. By Application
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. UAE
8.5.4.3. Others
8.6. Asia Pacific
8.6.1. By Grade
8.6.2. By Source
8.6.3. By Application
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. India
8.6.4.4. South Korea
8.6.4.5. Taiwan
8.6.4.6. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Cargill, Incorporated
10.2. Kao Corporation
10.3. Wilmar International Ltd.
10.4. Louis Dreyfus Company
10.5. Godrej Industries Limited
10.6. Vance Group Ltd.
10.7. ADM
10.8. BASF SE
10.9. Dow
10.10. Croda International Plc
10.11. Procter & Gamble
10.12. Emery Oleochemicals
10.13. Pilot Chemical Company
10.14. SEPPIC S.A.
11. APPENDIX
11.1. Currency
11.2. Assumptions
11.3. Base and Forecast Years Timeline
11.4. Key Benefits for the Stakeholders
11.5. Research Methodology
11.6. Abbreviations
Cargill, Incorporated
Kao Corporation
Wilmar International Ltd.
Louis Dreyfus Company
Godrej Industries Limited
Vance Group Ltd.
ADM
BASF SE
Dow
Croda International Plc
Procter & Gamble
Emery Oleochemicals
Pilot Chemical Company
SEPPIC S.A.
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