Amid COVID-19, the global food grade glycerin market is poised to surpass a multi-billion dollar valuation in 2020, and is likely to expand at a steady pace through 2020-2030. Extensive applications across pharmaceuticals to manufacture ointments, lubricants and creams is driving market growth.
Increased hand sanitizers production to combat the pandemic has resulted in spiking glycerin sales in recent months. For instance, in the U.K, hand sanitizer sales swelled by over 250% in February 2020, while sales in Malaysia hit nearly US$ 237 thousand in January. Therefore, food grade glycerin market will surge impressively.
Organic Trends Boosts Profile
Organic food grade glycerin is acquiring significant traction, attributed to heightened awareness about the benefits of consuming naturally derived products. Until 2019, over two-fifths consumers in Western Europe admitted that organic food products are much healthier, representing an increase from the earlier 31% in 2017.
Consequently, glycerin derived from vegetable oils is acquiring surging popularity. Vegetable glycerin is also considered an effective alternative to table sugar as it possesses comparatively lesser calories. Furthermore, kosher and halal-grade glycerin are also garnering significant popularity. Such trends are helping shape the future of organic food grade glycerin.
Biodiesel Glycerin Gains Traction
Nearly 70% of global crude glycerin is derived from biodiesel industries. More than 75 countries today have a biodiesel glycerin production mandate. Indonesia, for instance, has a B30 mandate, meaning 30% of their diesel fuel must be bio-based. Such trends also tie in with the global sustainability agenda.
For every 100 pounds of biodiesel produced, nearly 10 pounds of crude glycerol is created. This high volume of biodiesel production is expected to provide significant boost to the food grade glycerin market.
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APAC Countries Complementing Growth
Markets in East & South Asia are expected to emerge as the most lucrative ones, attributed to proliferating healthcare, personal care, food & beverages and pharmaceutical industries. Amongst all countries, China is expected to pivot future growth, attributed to the expansion of glycerin-to-epichlorohydrin production.
India is likely to be the 2nd most lucrative market, attributed to heightened usage in cosmetics and personal care products. Favourable business environments supported by inexpensive labor and raw material costs are attracting plenty of food grade glycerin manufacturers across the Asia-Pacific region.
Players such as P&G, Indus Chemicals and Solvay have made major inroads in the Asian market. Indus Chemicals is the largest distributor of glycerine in India, manufacturing the Moon K and Superol Glycerine variants respectively.
Food Grade Glycerine Market- Prominent Players
Prominent players in the global food grade glycerine landscape include, but are not limited to*:
- 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
- Vitusa Products Inc.
- PT Bakrie Sumatera Plantations TBK
- Twin Rivers Technologies Inc.
- Pacific Oleochemicals Sdn Bhd
- Sakamoto Yakuhin Kogyo Co Ltd.
*This list is indicative- full details about food grade glycerin players is available upon request.
The aforementioned players are concentrating on tapping emerging economies, owing to the prevalence of a large customer base and improving standards of living. These players rely on strategic collaborations, acquisitions, mergers and product deployments to remain afloat.
Food Grade Glycerine Industry Report: Scope
Historical Data Available for
US$ Mn for Value
Key Regions Covered
North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa
Key Countries Covered
U.S, Canada, Mexico, Brazil, Germany, Italy, France, U.K, Spain, Russia, BENELUX, China, Japan, South Korea, India, ASEAN, Australia & New Zealand, GCC, Turkey, Northern Africa & South Africa
Key Segments Covered
Source & End-Use
Key Companies Profiled
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, Vitusa Products Inc., PT Bakrie Sumatera Plantations TBK, Twin Rivers Technologies Inc., Pacific Oleochemicals Sdn Bhd, and Sakamoto Yakuhin Kogyo Co Ltd.
Market Overview, COVID-19 Scenario Assessment, Key Market Trends, Key Success Factors, Market Background, Policy & Regulatory Landscape, Demand Analysis, Segmental Overview, Regional Profiling, Market Structure Analysis & Competition Analysis
Customization & Pricing
Key questions answered in the report
- How will the food grade glycerin market grow until 2030?
According to Future Market Insights (FMI), the global food grade glycerin market is expected to soar at a positive CAGR, reaching a multi-billion dollar valuation throughout the 2020-2030 forecast period. In spite of COVID-19 induced slowdown, the market is set to remain largely positive
- What drives the global food grade glycerin market?
Heightening applications across the pharmaceuticals and personal care industry is providing maximum traction to the global food grade glycerin market. Growing purchases of lotions, creams and moisturizers is driving growth
- How is COVID-19 impacting food grade glycerine market size?
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
- Which is the largest market for food grade glycerin?
Asia Pacific is likely to emerge as the most lucrative food grade glycerin market, with India & China pivoting growth in the future. Heightening disposable incomes combined with deep penetration of the personal care industry is expected to steer growth in a positive direction
- Which are the prominent food grade glycerin market players?
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
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Yes, the food grade glycerin market report has been conducted by expert analysts of Future Market Insights through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to the research analyst
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- Vegetable Oils
- Others (Synthetic, etc.)
- Dairy Products
- Processed Foods
- North America (U.S & Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru & Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia & Rest of Europe)
- South Asia (India, Thailand, Indonesia, Malaysia, Singapore & Rest of South Asia)
- East Asia (China, Japan & South Korea)
- Oceania (Australia & New Zealand)
- Middle East and Africa (GCC, South Africa, Turkey, Iran, Israel & Rest of MEA)