Food Grade Glycerin Rides on Coattails of Unprecedented Hand Sanitizer Sales: FMI Study

Nov 10,2020 | Food and Beverage

Global demand for food grade glycerin is set to grow at a brisk pace in 2021, on the back of strong hand sanitizer sales. Growth is also likely to sustain beyond 2021, as hand sanitizer sales will remain resurgent, considering behavioral shifts among consumers.

Food Grade Glycerin Market

A recent market report published by FMI on the Food Grade Glycerin Market provides global ...

Food Grade Glycerin Market

According to the study, as consumers become health conscious, demand for organic grade food glycerin is acquiring immense popularity. Kosher and halal-certified food grade glycerin are becoming highly common, penetrating prospective markets.

Key Takeaways

  • Biodiesel glycerin to acquire major traction, soap-derived glycerin to remain lucrative
  • Uptake across pharmaceutical and personal care industry to be more widespread
  • Asia-Pacific to retain market lucrativeness, reaching a multi-billion dollar valuation
  • Processed foods to register major glycerin application, owing to growing demand for clean-label foods

“Prominent players are looking to target emerging economies so as to capture a wider customer based and expand revenue prospects,” remarks an FMI analyst.

COVID-19 Impact Insights

The global food grade glycerin market experienced minor deceleration in the initial months of the pandemic, attributed to global shutdowns. However, growth eventually picked up pace with consumers switching over to consumption of instant foods which require preservatives.

Moreover, increasing production of hand sanitizers has spiked demand for glycerin, an important raw ingredient and a potential disinfectant. Recently, sales of make-your-own hand sanitizer kits containing glycerin have climbed across North America.

Competitive Landscape

Prominent players operating in the global food grade glycerin market include Wilmar International Ltd., Emery Oleochemicals, IOI Oleochemicals, Croda International PLC, P&G Chemicals, KAO Corporation, Avril Group, The DOW Chemical Company (Olin Corporation), Cremer Oleo GmbH & Co KG, PT Smart TBK and Vitusa Products Inc. among others.

The aforementioned players rely on strategic collaborations, acquisitions, mergers and product deployments to remain afloat. P&G Chemicals is a leading player in the global food grade glycerin market. Its portfolio includes the Star KPO Glycerin 96%, Superol KPO Glycerin USP/FCC/FP and Star NK Glycerin 96% among others.

In January 2020, the company acquired Billie, a subscription service for shaving and body care products for women. In September 2020, Emery Oleochemicals announced the launch of EMERY® E Fatty Acid Esters Product Line, which offer colour stability, low odour and good biodegradability.

More Insights on FMI’s Food Grade Glycerin Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global paleo foods market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the paleo foods market on the basis of source (vegetable oils, biodiesel, soap & others (synthetic, etc.)) and end-use (bakery, confectionery, beverages, dairy products, processed foods and others) across seven prominent regions.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.