Glycerol Extracts Market

Glycerol Extracts Market Outlook

The glycerol extracts market is expected to record a CAGR of 7% during the forecast period 2022-2032, up from US$ 2.71 Billion in the year 2022 to reach a valuation of US$ 5.69 Billion by 2032.

The glycerol extracts market is anticipated to show promising growth prospects in the forecasted period 2022-2032.

What are the Key Drivers to the Glycerol Extracts Market Share

The cosmetics & personal care industry is a major application segment in the glycerol extracts market. Glycerol extracts are used in various personal care products such as shampoos, toothpaste, face packs, soaps, hair masks, etc. Due to their nutritional characteristics and healing properties.

Glycerol extracts are purgative and sweet-tasting features which it is used in multiple health products. The increasing awareness of a healthy lifestyle and nutritious food is helping to increase the demand for glycerol extracts.

On the market, glycerol extracts derived from plants are available in a variety of moisturizing forms. The plant or fruit is extracted into glycerine using a proprietary process. As a result of a proprietary extraction process, both the fat-soluble and water-soluble ingredients are extracted, making this product a combination that is useful as a moisturizer for the skin while also providing herbal and natural fruits properties for which the glycerol extracts are beneficial for personal care and cosmetics.

Health-conscious consumers prefer sugar-free and nutritious products, due to which the usage of glycerol extracts is increasing in health products. Nowadays, consumers prefer natural and organic products without any additives and chemicals to avoid food positioning and allergies.

The manufacturers of glycerol extracts are concentrating on increasing their production of plant-based glycerol extracts. In addition to being used as a food preservative, glycerol extracts can also be used as a perfume ingredient, a standard ingredient in tobacco, in explosives, and in paint and coatings.

Which Region holds the Highest Growth Potential in the Glycerol Extracts Market

Europe is dominated in the glycerol extracts market due to the high demand for cosmetics and the personal care industry & pharmaceuticals. In Europe, the multiple manufacturers of pharmaceuticals are investing in research & development to produce new and unique products, due to which it is expected that Europe will continue to dominate in the glycerol extracts market in the near future.

North America is expected to have moderate growth in the glycerol extracts market. Glycerol extracts are widely used as a raw material in epichlorohydrin and propylene glycol. The production of propylene glycol is increasing, due to which the demand for glycerol extracts is increasing globally.

The Asia Pacific is expected to grow rapidly in the forecasted period. In the Asia Pacific, the demand for innovative and unique food products is increasing. Glycerol is useful to add different flavors to the food product, due to which the demand for glycerol extracts is increasing.

Financial improvement and urbanization have contributed to increasing spending on cosmetics and personal care products, potentially resulting in an increase in the growth rate of glycerol extracts.

Nandini Roy Choudhury

Principal Consultant

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How is the Competitive Landscape in the Glycerol Extracts Market

The demand for glycerol extracts is increasing in the cosmetic & personal care industry as well as the food industry. Rising demand for glycerol extracts and an increasing number of small, medium, and large-scale manufacturers across the world are the reasons for growing the intensive competition in the glycerol extracts market.

Companies are manufacturing high-quality glycerol extracts that carry multiple benefits to maintain their competitive position in the market for glycerol extracts.

The global glycerol extracts market has numerous small-scale and international manufacturers at the regional level. Few industry players are identified across the value chain of the global glycerol extracts market, which is Last, Danodan, Aromatic Natural Skin Care, Mountain Rose Herbs, Cremer Gruppe, Solvay SA, Archer Daniel Midland, Flora Sawita Chemindo, Emery Oleochemicals LLC, Procter & Gamble Chemicals, Cognis Corporation, and Sakamoto Yakuhin Kogyo Co., Ltd.

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Key Segments Profiled in Glycerol Extracts Market

By Source:

• Plant-Based glycerol extracts
• Animal-Based glycerol extracts

By Grade:

• Food Grade
• Technical Grade

By End Use:

• Food & Beverage Industry
• Cosmetics & Personal Care Industry
• Shampoos
• Soaps
• Face Mask
• Hair Mask
• Creams
• Lotions
• Toothpastes
• Perfumes
• Pharmaceuticals
• Paints & Coating Industry
• Aromatherapy

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa