Global Food Grade Glycerin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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Grade Glycerin Market Insight

The global food grade glycerin market size was estimated to be USD 3.1 billion in 2017 and is anticipated to grow at a CAGR of 6.2% from 2017 to 2023 (forecast period). Food grade glycerin has high applications in various consumer products due to it’s functionally and nutritive benefits. In the food and beverage industry it has applications such as food preservatives, sweeteners and also as a humectant.

Lifestyle changes expected to boost the market for Food Grade Glycerin

Food grade glycerin has high applications in the foods & beverage industry as a low-calorie source of lecithin because of its extensive functional benefits.  It helps in reducing the viscosity, replaces more expensive ingredients, controls sugar crystallization, helps in the homogeneous mixing of ingredients and most importantly improves shelf life of products. The increasing number of diabetic patients globally is expected to further push manufacture of food products for the usage of glycerin.   

Biodiesel Segment is expected to witness a high growth rate during the forecast period

The global glycerin market is segmented on the basis of source into vegetable oils, biodiesel, soaps, synthetic and others. The growing interest in biodiesel fuel from renewable sources of vegetable oil, waste cooking oil and beef tallow has created a market glut of food grade glycerin. Menthol is added to the oil/fat source to produce Biodiesel. The fatty acid portion of the molecule is esterified to biodiesel, and glycerin is produced as a byproduct. Crude glycerin is distilled and purified to a possible 99.5 percent purity with ion exchange resins. The glycerin produced is suitable for food, personal care, cosmetics, pharmaceuticals, and other specialty applications.

Asia-Pacific region Continues to Dominate the Global Food Grade Glycerin Market 

Asia-Pacific accounted for the significant share in the global food grade glycerin market in 2017, further it is estimated to be the leading market for glycerin growing at a CAGR of over 7.8% during the forecast period.  Europe also has significant market share owing to the high demand for high demand for glycerin in the pharmaceuticals, food & beverages, and personal care sector.

Key Developments in the Market

  • Kuala Lumpur Kepong Bhd (KLK) is buying Emery Oleochemicals GmbH’s oleochemicals assets and business in Düsseldorf, Germany for 40.5 million euros. 

Major Key Players: Emery Oleochemicals, Ioi Oleochemicals, Wilmar International Ltd., Kuala Lumpur Kepong Berhad, Godrej Industries and Croda International Plc

Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
  • 3 months analyst support along with the Market Estimate sheet in excel.

Customization of the Report

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1. Introduction

                1.1 Key Deliverables of the Study

                1.2 Study Assumptions

                1.3 Market Definitions

2. Research Approach and Methodology

                2.1 Introduction

                2.2 Research Design

                2.3 Study Timelines

                2.4 Study Phases

                                2.4.1 Secondary Research

                                2.4.2 Discussion Guide

                                2.4.3 Market Engineering & Econometric Modelling

                                2.4.4 Expert Validation

3. Market Overview

                3.1 Market Trends

                3.2 Market Dynamics

                                3.2.1 Drivers

                                3.2.2 Restraints

                                3.2.3 Opportunities

                                3.2.4 Porter's Five Forces Analysis

                                       Bargaining Power of Suppliers

                                       Bargaining Power of Buyers

                                       Threat of New Entrants

                                       Threat of Substitute Products & Services

                                       Degree of Competition

4. Market Segmentation

                4.1 By Source Type

                                4.1.1 Vegetable Oils 

                                4.1.2 Biodiesel 

                                4.1.3 Soaps 

                                4.1.4 Synthetic

                                4.1.5 Others

                4.2 By Geography

                                4.2.1 North America

                                       United States




                                4.2.2 Europe


                                       United Kingdom





                                4.2.3 Asia-Pacific






                                4.2.4 South America




                                4.2.5 Africa

                                       South Africa


5. Competitive Landscape

                5.1 Strategy Adopted by Key Players

                5.2 Most Active Companies in the Past Five Years

                5.3 Market Share Analysis

6. Company Profiles

                6.1 Emery Oleochemicals

                6.2 IOI Oleochemicals

                6.3 Wilmar International Ltd.

                6.4 Kuala Lumpur Kepong Berhad

                6.5 Godrej Industries

                6.6 Croda International PLC

                6.7 Cargill Incorporated

                6.8 P&G Chemicals

                6.9 KAO Corporation

                6.10 Avril Group

                6.11 The DOW Chemical Company (Olin Corporation)

                6.12 Cremer Oleo GmbH & Co., Kg

7. Appendix

                7.1 Disclaimer

                7.2 Sources

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