Market Overview:
The global vegetable 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 vegetable glycerin from various applications such as food and beverage, personal care products, and medicines. Additionally, the growing awareness about the benefits of using vegetable glycerin is also contributing to the growth of this market. On the basis of type, food grade accounted for a major share of the global vegetable glycerin market in 2017. This can be attributed to its increasing use in food and beverage applications owing to its properties such as high purity and lack of odor or taste.
Product Definition:
Vegetable glycerin is a natural, colorless, odorless liquid made from plant oils, such as soybean or coconut oil. It is used in food and cosmetics as a sweetener, humectant (a substance that helps keep things moist), and thickener.
Food Grade:
Food-grade vegetable glycerin is a natural, clear, odorless liquid that is obtained from the plant and animal oils. It has several beneficial properties such as it can be used in food products for human consumption without any negative health effects. Also, it can be used as an additive to increase the flavor or shelf life of various food products including bakery items like cookies & cakes and meat products like bacon grease.
Pharm Grade:
Pharmaceutical-grade vegetable glycerin is a colorless, odorless, viscous liquid that is derived from plant oils. It has the ability to solubilize and dissolve many pharmaceutical compounds owing to its similar chemical properties.
Application Insights:
Food and beverage was the largest application segment in 2017, accounting for over 70% of the total demand. The product is widely used as a food additive and as a preservative in various foods such as bakery products, dairy products, snacks & cereals, meat & poultry products. It is also used in confectionery to provide moisture retention properties to improve shelf life. In addition, it finds applications as an ingredient in several cosmetic formulations including eye drops and moisturizers among others.
Industrial grade vegetable glycerin is primarily utilized for manufacturing industrial cleaning agents along with other chemical intermediates such as alcohols and fatty acid esters which are utilized across several end-use industries including pharmaceuticals where they are employed either singularly or together within drug formulations or more commonly known simply as excipients (a substance that holds medicine together).
Regional Analysis:
North America was the largest market for vegetable glycerin in 2016 and is expected to maintain its dominance over the forecast period. North America has a well-established pharmaceutical industry, which is one of the major consumers of vegetable glycerin. The U.S., being a developed economy, has greater penetration of personal care products that are high in emulsification properties such as skin cream, hair oil and lotions owing to rising consumer awareness about beauty and wellness trends.
Asia Pacific is projected to be one of fastest growing markets with a CAGR exceeding 6% during the forecast years due to rapid industrialization along with increasing population in countries like China.
Growth Factors:
- Increasing demand for vegetable glycerin in the food and beverage industry as a humectant, sweetener, and preservative.
- Rising demand from the cosmetics industry for use in skin care products, hair care products, and toiletries.
- Growing popularity of vegetable glycerin as an ingredient in e-cigarettes and other vaping products.
- Increased use of vegetable glycerin as a natural replacement for synthetic polyols in low-calorie foods and beverages.
- Rising awareness among consumers about the health benefits of using vegetable glycerin
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegetable Glycerin Market Research Report
By Type
Food Grade, Pharm Grade, Industrial Grade
By Application
Food and Beverage, Personal Care Products, Medicines
By Companies
Procter & Gamble, NOW Foods, VVF L.L.C., Cargill, Incorporated, Dutch Glycerin Refinery (DGR), The Dow Chemical Company, Parchem fine & specialty chemicals, Avril Group, Essential Depot, Inc.
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Vegetable Glycerin Market Report Segments:
The global Vegetable Glycerin market is segmented on the basis of:
Types
Food Grade, Pharm Grade, Industrial Grade
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 and Beverage, Personal Care Products, Medicines
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:
- Procter & Gamble
- NOW Foods
- VVF L.L.C.
- Cargill
- Incorporated
- Dutch Glycerin Refinery (DGR)
- The Dow Chemical Company
- Parchem fine & specialty chemicals
- Avril Group
- Essential Depot, Inc.
Highlights of The Vegetable 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:
- Food Grade
- Pharm Grade
- Industrial Grade
- By Application:
- Food and Beverage
- Personal Care Products
- Medicines
- 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 Vegetable 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?
Vegetable glycerin is a natural, plant-based sugar substitute that is extracted from plants. It can be used as a sweetener in food and drinks, and it has low calorie and carbohydrate content.
Some of the major players in the vegetable glycerin market are Procter & Gamble, NOW Foods, VVF L.L.C., Cargill, Incorporated, Dutch Glycerin Refinery (DGR), The Dow Chemical Company, Parchem fine & specialty chemicals, Avril Group, Essential Depot, Inc..
The vegetable 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 Vegetable 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 Vegetable Glycerin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vegetable 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 Vegetable 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 Vegetable Glycerin Market Size & Forecast, 2018-2028
4.5.1 Vegetable Glycerin Market Size and Y-o-Y Growth
4.5.2 Vegetable Glycerin Market Absolute $ Opportunity
Chapter 5 Global Vegetable Glycerin 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 Vegetable Glycerin Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Pharm Grade
5.2.3 Industrial Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vegetable Glycerin 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 Vegetable Glycerin Market Size Forecast by Applications
6.2.1 Food and Beverage
6.2.2 Personal Care Products
6.2.3 Medicines
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vegetable 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 Vegetable 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 Vegetable Glycerin Analysis and Forecast
9.1 Introduction
9.2 North America Vegetable Glycerin 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 Vegetable Glycerin Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Pharm Grade
9.6.3 Industrial Grade
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 Vegetable Glycerin Market Size Forecast by Applications
9.10.1 Food and Beverage
9.10.2 Personal Care Products
9.10.3 Medicines
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 Vegetable Glycerin Analysis and Forecast
10.1 Introduction
10.2 Europe Vegetable Glycerin 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 Vegetable Glycerin Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Pharm Grade
10.6.3 Industrial Grade
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 Vegetable Glycerin Market Size Forecast by Applications
10.10.1 Food and Beverage
10.10.2 Personal Care Products
10.10.3 Medicines
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 Vegetable Glycerin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vegetable Glycerin 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 Vegetable Glycerin Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Pharm Grade
11.6.3 Industrial Grade
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 Vegetable Glycerin Market Size Forecast by Applications
11.10.1 Food and Beverage
11.10.2 Personal Care Products
11.10.3 Medicines
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 Vegetable Glycerin Analysis and Forecast
12.1 Introduction
12.2 Latin America Vegetable Glycerin 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 Vegetable Glycerin Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Pharm Grade
12.6.3 Industrial Grade
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 Vegetable Glycerin Market Size Forecast by Applications
12.10.1 Food and Beverage
12.10.2 Personal Care Products
12.10.3 Medicines
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) Vegetable Glycerin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vegetable Glycerin 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) Vegetable Glycerin Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Pharm Grade
13.6.3 Industrial Grade
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) Vegetable Glycerin Market Size Forecast by Applications
13.10.1 Food and Beverage
13.10.2 Personal Care Products
13.10.3 Medicines
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 Vegetable Glycerin Market: Competitive Dashboard
14.2 Global Vegetable Glycerin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Procter & Gamble
14.3.2 NOW Foods
14.3.3 VVF L.L.C.
14.3.4 Cargill
14.3.5 Incorporated
14.3.6 Dutch Glycerin Refinery (DGR)
14.3.7 The Dow Chemical Company
14.3.8 Parchem fine & specialty chemicals
14.3.9 Avril Group
14.3.10 Essential Depot, Inc.
