This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Vegetable Glycerin Market

Market Insights on Vegetable Glycerin covering sales outlook, demand forecast & up-to-date key trends

Vegetable Glycerin Market Research Report by Source (Soy Oil, Palm Oil, Coconut Oil, and Others), by Grade (Industrial Grade, Pharma Grade, and Food Grade), by Application (Personal care, Cosmetics, Food and Beverages, and Medicines)

Vegetable Glycerin Market Outlook

According to the research of Future Market Insights, the market for Vegetable Glycerin is anticipated to expand at a CAGR of 5.3% over the forecasted time period. According to projections, the industry would be worth US$ 2,190.0 Mn by 2032, up from US$ 1,306.6 Mn in 2022. At the end of 2021, the Vegetable Glycerin Market was valued at US$ 1,245.6 Mn.

Market Size Value in 2022

US$ 1,306.6 Mn

Market Forecast Value in 2032

US$ 2,190.0 Mn

Global Growth Rate (2022-2032)

5.3%

Forecast Period

2022-2032

Global Market Share of US, Germany, Japan, and Australia

69.9%

Vegetable oil is heated to a very high temperature while being compressed under water pressure to produce the natural product known as Vegetable Glycerin. Vegetable Glycerin has a sweet flavour and is odourless, and colourless.

The main markets for Vegetable Glycerin are in Food and Beverage, Cosmetics, and Pharmaceuticals. Vegetable Glycerin is frequently used in skin care products to make skin moist and healthy, and it is also utilised as a sugar substitute or sweetener in the food and beverage sector. In terms of value and volume, North America and Western Europe are anticipated to increase their market shares the most.

Customize this Report

Let us know your requirement to get
100% FREE customization

Historical Outlook versus Future Projections for Vegetable Glycerin Market

The Global Market for Vegetable Glycerin increased from US$ 1,028.7 Mn to US$ 1,245.6 Mn between 2017 and 2021 with a CAGR of 4.9%.

The producers of food and beverages are the main factors affecting the demand for Vegetable Glycerin since it helps to thicken and regulate the moisture content in food.

In the food business, Vegetable Glycerin is mostly utilised as a food additive for confectionery, dairy, prepared and processed foods, among many other food items. On the other hand, because it is utilised as a moisturising agent in skin care products, body lotions, shampoos, soaps, and other cosmetics, its demand is also anticipated to rise in the personal care and cosmetics sector. Vegetable Glycerin is a component of medications and ointments in the pharmaceutical industry.

During the forecast period, the global Vegetable Glycerin Market is anticipated to grow from US$ 1,306.6 Mn in 2022 to US$ 2,190.0 Mn by 2032 with a healthy CAGR of 5.3%.

Country-wise Insights

What is Germany's position in the Vegetable Glycerin market?

As one of the world’s leading producers of Vegetable Glycerin, Germany’s position in the market is significant. The country is responsible for approximately 26.7% of the world’s market share of the substance, with the majority of it being exported. Dutch Glycerin Refinery is the leading player in the global market.

In addition to its strong position in the market, Germany also offers a variety of benefits to companies that choose to do business there. The country has a stable political and economic environment, which provides businesses with certainty and predictability. Additionally, Germany has a well-developed infrastructure and a skilled workforce that can support businesses as they grow.

How is India performing in the Vegetable Glycerin market?

The demand for Vegetable Glycerin in India is growing at a rate of 4.7%, during the forecast period, due to the increasing use of the product in various industries such as food & beverage, pharmaceuticals, cosmetics, personal care, and others. The major end-use segments for Vegetable Glycerin in India are food & beverage, pharmaceuticals, and cosmetics.

How is the U.S Vegetable Glycerin Market Shaping?

The U.S vegetable glycerin market is being propelled by the increasing demand from end-use industries, as well as the growing popularity of natural and organic products. The United States is the largest market for Vegetable Glycerin, accounting for 33.7% of the global market share in 2022.

The U.S vegetable glycerin market is shaping up to be a major player in the global market. The majority of the demand for vegetable glycerin in the U.S is driven by the food & beverage industry, which uses it as a sweetener, emulsifier, and preservative. The cosmetics & personal care industry is also a major consumer of Vegetable Glycerin, as it is used in many skincare products due to its hydrating properties.

Nandini Roy Choudhury
Nandini Roy Choudhury
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Category-wise Insights

Why is coconut oil preferred in the preparation of Vegetable Glycerin?

Coconut oil is a natural, satiating, and calorie-free oil that has a host of health benefits. When used in the preparation of Vegetable Glycerin, it can help to thin the mixture, making it easier to work with.

Vegetable Glycerin sourced from coconut oil is a natural, vegan-friendly product that can be used in a variety of ways. It is an effective emollient and humectant, meaning that helps to keep the skin hydrated and soft. Glycerin also has antibacterial and antifungal properties, making it ideal for treating skin conditions such as acne.

How is Vegetable Glycerin used in various industries?

In the food industry, Vegetable Glycerin is used as a sweetener or thickener. It is also used to keep food moist. In the cosmetics industry, Vegetable Glycerin is used in lotions and creams. It helps to keep the skin hydrated and prevents dryness. In the pharmaceutical industry, Vegetable Glycerin is used in cough syrups and other medications. It helps to soothe the throat and reduce coughing.

What is Pharma Grade Vegetable Glycerin?

Pharma Grade Vegetable Glycerin is a type of glycerin that meets pharmaceutical standards. It is often used in medications and cosmetics. Pharma grade vegetable glycerin is made from vegetables, typically soybeans. The manufacturing process involves extracting the triglycerides from the vegetables and then converting them into glycerin. This type of glycerin is highly purified and has fewer impurities than other types of glycerin.

Competitive Landscape

The competitive landscape of Vegetable Glycerin is fairly fragmented, with a large number of small-scale producers competing against each other. However, there are a few larger players that have started to emerge in recent years. These companies have the advantage of economies of scale and can offer a more consistent quality product.

One way to make Vegetable Glycerin more appealing is to offer a higher quality product. Customers are often willing to pay more for a product that they know is of high quality. Another way to make the product more appealing is to offer a lower price. This can be difficult to do if the company's costs are high, but it may be possible to find ways to reduce costs without sacrificing quality.

MarketNage
Become a MarketNgage Insider

A unified Market Research Subscription Platform, built for today's disparate research needs.

Vegetable Glycerin Market Report Scope

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2022

Market Analysis

USD Mn for Value and Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

Key Countries Covered

  • India
  • US
  • Germany
  • China
  • Japan
  • Denmark
  • Canada
  • Mexico
  • UK
  • France
  • Italy
  • Spain
  • South Korea
  • Australia
  • Brazil
  • Argentina
  • South Africa
  • UAE

Key Segments Covered

  • Source
  • Grade
  • Application
  • Region

Key Companies Profiled

  • Essential Depot Inc
  • Dutch Glycerin Refinery
  • Proctor & Gamble
  • Avril Group
  • The Dow Chemical Company
  • Parchem fine & specialty chemicals
  • Cargill Inc
  • NOW Foods
  • VVF LLC

Report Coverage

DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Vegetable Glycerin Market by Category

By Source, Vegetable Glycerin Market is segmented as:

  • Soy Oil
  • Palm Oil
  • Coconut Oil
  • Others
    • Grape Seed

By Grade, Vegetable Glycerin Market is segmented as:

  • Industrial Grade
  • Pharma Grade
  • Food Grade

By Application, Vegetable Glycerin Market is segmented as:

  • Personal Care
  • Cosmetics
  • Food and Beverages
  • Medicines

By Region, Vegetable Glycerin Market is segmented as:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

Frequently Asked Questions

The Vegetable Glycerin Market will reach nearly US$ 1,306.6 Mn by 2022.

The Vegetable Glycerin Market is expected to rise at a CAGR of 5.3%.

US, Canada, Uk, and China are the major countries driving the demand for Vegetable Glycerin Market.

The China Vegetable Glycerin Market will grow at 3.7% CAGR between 2022 and 2032.

The India Vegetable Glycerin Market will grow at 4.7% CAGR between 2022 and 2032.

The UK Vegetable Glycerin Market will grow at 4.7% CAGR between 2022 and 2032.

Essential Depot Inc, Dutch Glycerin Refinery, and Proctor & Gamble are the companies dominating the Vegetable Glycerin Market.

The global demand for Vegetable Glycerin Market is forecasted to surpass US$ 2,190.0 Mn by the year 2032.

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Nandini Roy Choudhury
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

List of Charts

NA

Need specific information?

Request Customization

Explore Food and Beverage Insights

View Reports

Recommendations

Food and Beverage

Vegetable Concentrates Market

Published : July 2022

Food and Beverage

Vegetable Dicing Machines Market

Published : July 2022

Food and Beverage

Vegetable Shortening Market

Published : February 2021

Food and Beverage

Dehydrated Vegetables Market

Published : January 2021

Google translate

Vegetable Glycerin Market