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Global Glycerol Market by Source (Soap, Fatty Alcohols, Fatty Acids, Biodiesel), by End Use (Food & Beverage, Pharmaceutical), by Type (Refined, Crude) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CHM-73488
  • Author: Up Market Research
  • Rating: 4.5
  • Total Reviews: 63
  • No. Of Pages: 232
  • Format:
  • Pub. Date: 2021-10-21
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Summary of the Report

Global glycerol market was worth USD 2.6 billion in 2019. It is projected to grow at a compound annual rate (CAGR of 4.0%) between 2020 and 2027. It is expected that the market will grow due to its growing demand from the food, pharmaceutical and nutraceutical sectors. It is used in many food products, including bakery products, condensed milk and processed meats. It is used commercially as a byproduct of biodiesel manufacturing. Many countries, including South Korea, U.S. Germany and Indonesia, have implemented biodiesel mandates. A certain amount of biodiesel can be included in traditional fuel. The demand for biodiesel is rising around the world, which is expected to increase its production. This will in turn create an unaffected raw material supply.

The product as a crude form is obtained from biodiesel manufacturing. These impurities are further removed by several purification methods, including distillation, chemical treatment and extraction. You can combine the above techniques to achieve high purity products.

Because of its low cost and adaptability to different products, distillation is a common method to purify products. Due to the product's high specific heat, distillation of crude glucoserol can be energy-intensive and requires a large energy input. Manufacturers are now looking for alternative purification methods that require less capital and are less energy-intensive.

Source Insights

In 2019, the biodiesel segment had the highest revenue share at over 59.1%. Glycerol can be derived from both natural and synthetic sources, but the increasing consumer awareness about the benefits of using biodiesel in transport fuels and the increased demand for it has made it one the most prominent sources of glycerol. In 2019, the revenue share was over 59.1%. It is obtained by transesterification when sourcing biodiesel.

It can also be made using hydrolysis of oils or fats, as well as saponification. The commercial soap-making process uses saponification, which yields glycerol at about 10.0% of its value. Biodiesel production yields about 60.0% to 70%.

Type Insights

In 2019, the 65.1% revenue share was held by the refined glycerol segment. It is expected to continue its dominance of the glycerol market during the forecast period. It can be used in many applications, including pharmaceutical, food, beverage, nutraceutical and cosmetics. Purified glycerol can be purchased commercially in a variety of grades, including pharmaceutical, food, or cosmetic. End-use applications determine the quality and purity of the product. Glycerol for pharmaceutical formulations must be 99.0% pure. The purification process must be taken into consideration in order to meet all quality standards, from pharmaceutical to food.

There are many new uses for crude glycerol, including animal feed and production of docosahexaenoic, citric acid, and 1, 3-propanediol. This product is rapidly gaining popularity as an animal feed component. It has the potential to replace corn in diets. It is likely that the presence of dangerous impurities in crude glucoserol will be a significant barrier to its use. The impurities in crude glycerol may affect the conversion of glycerol to other products.

Application Insights

In 2019, the personal care and cosmetics sector accounted for 36.0% of the revenue share. It is used in many cosmetic and personal care products, including toothpaste, moisturizers, shampoos and hair conditioners. It is used in moisturizing creams to help smoothen the skin and add moisture to the skin's surface. It is also used in eye drops and shaving creams. The product is approved in the United States for use in skin-care products. It is regulated by FDA as GRAS.

Glycerol can be found in many dairy products as well as canned, processed, and functional foods. Glycerol can be added to food formulations as a thickener or sweetener and humectants. Glycerol is a food additive that has been Generally Recognized as Safe (GRAS), by the U.S. Food and Drug Administration. Glycerol can also be made from animal and vegetable sources, such as soybean, palm, coconut, and soya oil, as well as animal fats like beef and tallow. It can also be synthesized from propylene.

Regional Insights

Asia Pacific held a 21.7% revenue share in 2019. It is expected to grow at a CAGR of 4.2% during the forecast period. This is due to increased consumer spending, growing acceptance of healthy lifestyles, and the expansion of end-use industry such as nutraceutical and pharmaceutical, personal care and cosmetics. Due to increased production of epichlorohydrin, countries like India and China are expected to see an increase in glycerol intake. Global demand for glycerol will grow due to increased use of cosmetic and pharmaceutical products that contain it.

Europe held a market share of more than 28.9% in 2019, thanks to the increased demand for personal care, pharmaceuticals and food and beverage products. This region is a major market for nutraceutical and pharmaceutical products. These sectors are a major source of product demand.

The COVID-19 epidemic has severely affected the region. Additionally, the worst-hit countries are Italy and the U.K., which has resulted in several manufacturing companies being shut down. This will have a significant impact on the supply chain for glycerol and could negatively affect market growth in the region. Low biodiesel production and slow imports have resulted in a shortage of glycerol, which has in turn affected its prices.

Market Share Insights & Key Companies

The market is fragmented by the presence of long-standing, established players. To increase their product portfolios and meet growing end-use market demand, these players are focusing on expansion, acquisition, and investment strategies. The following are some of the most prominent players in the global glycerol market:

  • Cargill, Incorporated

  • BASF SE

  • Kao Corporation

  • Oleon N.V.

  • KLK Oleo

Up Market Research published a new report titled “Glycerol Market research report which is segmented by Source (Soap, Fatty Alcohols, Fatty Acids, Biodiesel), by End Use (Food & Beverage, Pharmaceutical), by Type (Refined, Crude), By Players/Companies Kao Corporation, BASF SE, Cargill Incorporated, KLK Oleo, Oleon NV”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleGlycerol Market Research Report
By SourceSoap, Fatty Alcohols, Fatty Acids, Biodiesel
By End UseFood & Beverage, Pharmaceutical
By TypeRefined, Crude
By CompaniesKao Corporation, BASF SE, Cargill Incorporated, KLK Oleo, Oleon NV
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages232
Number of Tables & Figures163
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Glycerol Industry Outlook

Global Glycerol Market Report Segments:

The market is segmented by Source (Soap, Fatty Alcohols, Fatty Acids, Biodiesel), by End Use (Food & Beverage, Pharmaceutical), by Type (Refined, Crude).

Glycerol Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Glycerol Market

Overview of the regional outlook of the Glycerol Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Glycerol Market Overview

Highlights of The Glycerol Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Glycerol Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Source:

                1. Soap

                2. Fatty Alcohols

                3. Fatty Acids

                4. Biodiesel

        7. By End Use:

                1. Food & Beverage

                2. Pharmaceutical

        8. By Type:

                1. Refined

                2. Crude

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Glycerol 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 2028.


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

Glycerol Market Trends

Reasons to Purchase the Glycerol Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Glycerol 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 Glycerol Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Glycerol 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 Glycerol 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 Glycerol Market Size & Forecast, 2018-2028 
      4.5.1 Glycerol Market Size and Y-o-Y Growth 
      4.5.2 Glycerol Market Absolute $ Opportunity 


Chapter 5 Global Glycerol Market Analysis and Forecast by Source
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Source
      5.1.2 Basis Point Share (BPS) Analysis by Source
      5.1.3 Absolute $ Opportunity Assessment by Source
   5.2 Glycerol Market Size Forecast by Source
      5.2.1 Soap
      5.2.2 Fatty Alcohols
      5.2.3 Fatty Acids
      5.2.4 Biodiesel
   5.3 Market Attractiveness Analysis by Source

Chapter 6 Global Glycerol Market Analysis and Forecast by End Use
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by End Use
      6.1.2 Basis Point Share (BPS) Analysis by End Use
      6.1.3 Absolute $ Opportunity Assessment by End Use
   6.2 Glycerol Market Size Forecast by End Use
      6.2.1 Food & Beverage
      6.2.2 Pharmaceutical
   6.3 Market Attractiveness Analysis by End Use

Chapter 7 Global Glycerol Market Analysis and Forecast by Type
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Type
      7.1.2 Basis Point Share (BPS) Analysis by Type
      7.1.3 Absolute $ Opportunity Assessment by Type
   7.2 Glycerol Market Size Forecast by Type
      7.2.1 Refined
      7.2.2 Crude
   7.3 Market Attractiveness Analysis by Type

Chapter 8 Global Glycerol Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Glycerol Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region

Chapter 9 Coronavirus Disease (COVID-19) Impact 
   9.1 Introduction 
   9.2 Current & Future Impact Analysis 
   9.3 Economic Impact Analysis 
   9.4 Government Policies 
   9.5 Investment Scenario

Chapter 10 North America Glycerol Analysis and Forecast
   10.1 Introduction
   10.2 North America Glycerol Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   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 North America Glycerol Market Size Forecast by Source
      10.6.1 Soap
      10.6.2 Fatty Alcohols
      10.6.3 Fatty Acids
      10.6.4 Biodiesel
   10.7 Basis Point Share (BPS) Analysis by Source 
   10.8 Absolute $ Opportunity Assessment by Source 
   10.9 Market Attractiveness Analysis by Source
   10.10 North America Glycerol Market Size Forecast by End Use
      10.10.1 Food & Beverage
      10.10.2 Pharmaceutical
   10.11 Basis Point Share (BPS) Analysis by End Use 
   10.12 Absolute $ Opportunity Assessment by End Use 
   10.13 Market Attractiveness Analysis by End Use
   10.14 North America Glycerol Market Size Forecast by Type
      10.14.1 Refined
      10.14.2 Crude
   10.15 Basis Point Share (BPS) Analysis by Type 
   10.16 Absolute $ Opportunity Assessment by Type 
   10.17 Market Attractiveness Analysis by Type

Chapter 11 Europe Glycerol Analysis and Forecast
   11.1 Introduction
   11.2 Europe Glycerol Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   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 Europe Glycerol Market Size Forecast by Source
      11.6.1 Soap
      11.6.2 Fatty Alcohols
      11.6.3 Fatty Acids
      11.6.4 Biodiesel
   11.7 Basis Point Share (BPS) Analysis by Source 
   11.8 Absolute $ Opportunity Assessment by Source 
   11.9 Market Attractiveness Analysis by Source
   11.10 Europe Glycerol Market Size Forecast by End Use
      11.10.1 Food & Beverage
      11.10.2 Pharmaceutical
   11.11 Basis Point Share (BPS) Analysis by End Use 
   11.12 Absolute $ Opportunity Assessment by End Use 
   11.13 Market Attractiveness Analysis by End Use
   11.14 Europe Glycerol Market Size Forecast by Type
      11.14.1 Refined
      11.14.2 Crude
   11.15 Basis Point Share (BPS) Analysis by Type 
   11.16 Absolute $ Opportunity Assessment by Type 
   11.17 Market Attractiveness Analysis by Type

Chapter 12 Asia Pacific Glycerol Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Glycerol Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   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 Asia Pacific Glycerol Market Size Forecast by Source
      12.6.1 Soap
      12.6.2 Fatty Alcohols
      12.6.3 Fatty Acids
      12.6.4 Biodiesel
   12.7 Basis Point Share (BPS) Analysis by Source 
   12.8 Absolute $ Opportunity Assessment by Source 
   12.9 Market Attractiveness Analysis by Source
   12.10 Asia Pacific Glycerol Market Size Forecast by End Use
      12.10.1 Food & Beverage
      12.10.2 Pharmaceutical
   12.11 Basis Point Share (BPS) Analysis by End Use 
   12.12 Absolute $ Opportunity Assessment by End Use 
   12.13 Market Attractiveness Analysis by End Use
   12.14 Asia Pacific Glycerol Market Size Forecast by Type
      12.14.1 Refined
      12.14.2 Crude
   12.15 Basis Point Share (BPS) Analysis by Type 
   12.16 Absolute $ Opportunity Assessment by Type 
   12.17 Market Attractiveness Analysis by Type

Chapter 13 Latin America Glycerol Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Glycerol Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   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 Latin America Glycerol Market Size Forecast by Source
      13.6.1 Soap
      13.6.2 Fatty Alcohols
      13.6.3 Fatty Acids
      13.6.4 Biodiesel
   13.7 Basis Point Share (BPS) Analysis by Source 
   13.8 Absolute $ Opportunity Assessment by Source 
   13.9 Market Attractiveness Analysis by Source
   13.10 Latin America Glycerol Market Size Forecast by End Use
      13.10.1 Food & Beverage
      13.10.2 Pharmaceutical
   13.11 Basis Point Share (BPS) Analysis by End Use 
   13.12 Absolute $ Opportunity Assessment by End Use 
   13.13 Market Attractiveness Analysis by End Use
   13.14 Latin America Glycerol Market Size Forecast by Type
      13.14.1 Refined
      13.14.2 Crude
   13.15 Basis Point Share (BPS) Analysis by Type 
   13.16 Absolute $ Opportunity Assessment by Type 
   13.17 Market Attractiveness Analysis by Type

Chapter 14 Middle East & Africa (MEA) Glycerol Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Glycerol Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Glycerol Market Size Forecast by Source
      14.6.1 Soap
      14.6.2 Fatty Alcohols
      14.6.3 Fatty Acids
      14.6.4 Biodiesel
   14.7 Basis Point Share (BPS) Analysis by Source 
   14.8 Absolute $ Opportunity Assessment by Source 
   14.9 Market Attractiveness Analysis by Source
   14.10 Middle East & Africa (MEA) Glycerol Market Size Forecast by End Use
      14.10.1 Food & Beverage
      14.10.2 Pharmaceutical
   14.11 Basis Point Share (BPS) Analysis by End Use 
   14.12 Absolute $ Opportunity Assessment by End Use 
   14.13 Market Attractiveness Analysis by End Use
   14.14 Middle East & Africa (MEA) Glycerol Market Size Forecast by Type
      14.14.1 Refined
      14.14.2 Crude
   14.15 Basis Point Share (BPS) Analysis by Type 
   14.16 Absolute $ Opportunity Assessment by Type 
   14.17 Market Attractiveness Analysis by Type

Chapter 15 Competition Landscape 
   15.1 Glycerol Market: Competitive Dashboard
   15.2 Global Glycerol Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      15.3.1 Kao Corporation
      15.3.2 BASF SE
      15.3.3 Cargill Incorporated
      15.3.4 KLK Oleo
      15.3.5 Oleon NV
Segments Covered in the Report
The global Glycerol market has been segmented based on

By Source
  • Soap
  • Fatty Alcohols
  • Fatty Acids
  • Biodiesel
By End Use
  • Food & Beverage
  • Pharmaceutical
By Type
  • Refined
  • Crude
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Kao Corporation
  • BASF SE
  • Cargill Incorporated
  • KLK Oleo
  • Oleon NV

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