Market Overview:
The global food grade glycerin market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food grade glycerin from various applications such as food preservatives, sweeteners, humectants, and others. In addition, the growing awareness about the benefits of using food grade glycerin is also contributing to the growth of this market. Based on type, vegetable oils accounted for a major share of the global food grade glycerin market in 2017. This can be attributed to their high demand from various end-use industries such as bakery and confectionery products, processed foods & beverages, and dairy products among others.
Product Definition:
Glycerin is a clear, odorless, and colorless liquid that is sweet-tasting and slightly syrupy. It is made during the soapmaking process when natural oils are combined with lye. Glycerin is a humectant, meaning it attracts moisture to itself. This makes glycerin an important ingredient in many beauty products, as it helps keep skin hydrated. In food products, glycerin can be used as a sweetener or to add moisture.
Vegetable Oils:
Vegetable oils are the refined fats derived from plant matter. The most commonly used vegetable oils are soy, palm, sunflower, rapeseed (canola), and corn oil. These oils have high smoke points and a low percentage of saturated fat compared to butter or margarine which makes them healthier for cooking.
These products also contain vitamins & antioxidants that help in reducing the risk of heart disease.
Synthetic Oils:
Synthetic oils are also known as petrochemical or crude oil derivatives. They are used in food grade glycerin for various applications such as processing, transportation, and storage. Food grade glycerin can be further processed to produce other chemicals such as propylene oxide and butyl alcohol which have wide application scope in end-use industries like pharmaceuticals & cosmetics and detergents among others.
Application Insights:
Food preservatives were the major application segment and accounted for over 40% of global food grade glycerin demand in 2017. The product is widely used as a preservative in processed foods, bakery products, meat products, dairy products and snacks. It also finds applications as an antioxidant agent in cosmetics and pharmaceuticals. Increasing awareness regarding the benefits of dietary supplements has led to a rise in their consumption by consumers who prefer to take personal care or nutritional supplements at home rather than purchasing them from stores or pharmacies. This trend is expected to drive demand for food grade glycerin over the forecast period.
The humectant segment was valued over USD 200 million in 2017 on account of its extensive use as an ingredient in ice creams, frozen desserts & cakes (IDFC), pastries & breads (PIB), candies & confectioneries (CDC).
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for over 40% of the overall revenue share. The region is expected to witness significant growth on account of rising demand from end-use industries such as food, pharmaceuticals, cosmetics and personal care. China is projected to remain a key consumer owing to its large population base and growing domestic industry.
Europe also held a substantial share in terms of volume consumption but it is anticipated that this trend will change soon due to stringent regulations regarding synthetic food additives in countries like Germany, France etc.
Growth Factors:
- Increasing demand for food grade glycerin from the food and beverage industry as a humectant and sweetener.
- Rising demand for bio-based products as a result of environmental concerns over the use of petrochemical derivatives in various applications.
- Growing popularity of polyols as sugar substitutes in food and beverage products, especially among health-conscious consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Grade Glycerin Market Research Report
By Type
Vegetable Oils, Synthetic Oils
By Application
Food preservatives, Sweeteners, Humectant, Other
By Companies
Emery Oleochemicals, IOI Oleochemicals, Wilmar, Kuala Lumpur Kepong Berhad, Godrej, Croda, Cargill, P&G Chemicals, KAO, Avril, Emery Oleochemicals, Cremer Oleo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Food Grade Glycerin Market Report Segments:
The global Food Grade Glycerin market is segmented on the basis of:
Types
Vegetable Oils, Synthetic Oils
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food preservatives, Sweeteners, Humectant, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emery Oleochemicals
- IOI Oleochemicals
- Wilmar
- Kuala Lumpur Kepong Berhad
- Godrej
- Croda
- Cargill
- P&G Chemicals
- KAO
- Avril
- Emery Oleochemicals
- Cremer Oleo
Highlights of The Food Grade Glycerin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vegetable Oils
- Synthetic Oils
- By Application:
- Food preservatives
- Sweeteners
- Humectant
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Grade Glycerin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food grade glycerin is a clear, colorless liquid that is used as a food additive and humectant. It is made from vegetable or animal sources and has a sweet taste. Glycerin helps to preserve food by preventing spoilage and helping to maintain the moisture content of foods.
Some of the major companies in the food grade glycerin market are Emery Oleochemicals, IOI Oleochemicals, Wilmar, Kuala Lumpur Kepong Berhad, Godrej, Croda, Cargill, P&G Chemicals, KAO, Avril, Emery Oleochemicals, Cremer Oleo.
The food grade glycerin market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Grade Glycerin Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Food Grade Glycerin Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Food Grade Glycerin Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Food Grade Glycerin Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Food Grade Glycerin Market Size & Forecast, 2020-2028 4.5.1 Food Grade Glycerin Market Size and Y-o-Y Growth 4.5.2 Food Grade Glycerin Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Vegetable Oils
5.2.2 Synthetic Oils
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food preservatives
6.2.2 Sweeteners
6.2.3 Humectant
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Grade Glycerin Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Food Grade Glycerin Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Vegetable Oils
9.6.2 Synthetic Oils
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food preservatives
9.10.2 Sweeteners
9.10.3 Humectant
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Vegetable Oils
10.6.2 Synthetic Oils
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food preservatives
10.10.2 Sweeteners
10.10.3 Humectant
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Vegetable Oils
11.6.2 Synthetic Oils
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food preservatives
11.10.2 Sweeteners
11.10.3 Humectant
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Vegetable Oils
12.6.2 Synthetic Oils
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food preservatives
12.10.2 Sweeteners
12.10.3 Humectant
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Vegetable Oils
13.6.2 Synthetic Oils
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food preservatives
13.10.2 Sweeteners
13.10.3 Humectant
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Food Grade Glycerin Market: Competitive Dashboard
14.2 Global Food Grade Glycerin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emery Oleochemicals
14.3.2 IOI Oleochemicals
14.3.3 Wilmar
14.3.4 Kuala Lumpur Kepong Berhad
14.3.5 Godrej
14.3.6 Croda
14.3.7 Cargill
14.3.8 P&G Chemicals
14.3.9 KAO
14.3.10 Avril
14.3.11 Emery Oleochemicals
14.3.12 Cremer Oleo