Report Overview:

The global Glycerol  Market was valued at USD 4.9 billion in 2023 and is projected to reach USD 5.9 billion by 2033, expanding at a CAGR of 1.9% during the forecast period. This steady growth reflects the growing demand for glycerol across key sectors such as pharmaceuticals, personal care, and food & beverages. Thanks to its wide-ranging functionality—as a humectant, sweetener, and solvent—glycerol has become a vital ingredient in various commercial and industrial applications.

In 2023, Asia Pacific led the market, driven by a rising focus on health and wellness. Refined glycerol accounted for 78% of the market share, and biodiesel remained the top source, making up 59.5% of total production.



Key Takeaways

Market Value: Expected to grow from USD 4.9 billion in 2023 to USD 5.9 billion by 2033, registering a 1.9% CAGR.

Refined Glycerol: Dominated the market with a 78% share in 2023, commonly used in cosmetics and home care.

Crude Glycerol: Set to expand at a CAGR of 6.2%, with applications growing in budget-friendly personal care and supplements.

Biodiesel-based glycerol accounted for 59.5%, benefiting from green energy initiatives.

Pharmaceuticals and nutraceuticals are expanding swiftly.

Fatty alcohols are gaining popularity in cosmetics and cleaning products.

Personal care & cosmetics dominated with 34% share in 2023
Asia-Pacific led regional demand, advancing at 6.5% CAGR due to lifestyle and dietary shifts.


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Key Market Segments
By Type
Refined
Crude
By Source
Biodiesel
Fatty Acids
Fatty Alcohols
Soaps
By End-use
Food & Beverage
Nutraceutical
Pharmaceutical
Industrial
Personal Care & Cosmetics
Other End-uses
Growth Opportunity

Glycerol is increasingly valued in pharmaceuticals and nutraceuticals, where it’s used in liquid drugs, health drinks, and dietary products. As consumers move toward healthier, sugar-free alternatives, glycerol’s role as a sweetener and stabilizer is gaining ground.

Asia-Pacific offers major expansion potential, driven by growing consumer health awareness and urbanization. Meanwhile, the use of cost-effective crude glycerol is rising in price-sensitive markets, opening doors for broader industry adoption.

Latest Trends

A noticeable trend is the growing supply of glycerol from biodiesel, aligning with global environmental goals and boosting availability. This makes glycerol a more accessible and economical raw material.

Another trend is the preference for natural, plant-based ingredients in cosmetics and personal care. Glycerol’s eco-friendly and versatile nature makes it a favorite in these sectors. Its ability to serve both food and pharma industries allows companies to create more integrated product lines.

Market Key Players
BASF SE
Cargill, Incorporated
Procter & Gamble
Oleon NV
KLK OLEO
Dow
ADM
Wilmar International Ltd.
Kao Corporation
Emery Oleochemicals
COCOCHEM
Godrej Industries Limited
Monarch Chemicals Ltd
Aemetis, Inc.
CREMER OLEO GmbH & Co. KG
Sakamoto Yakuhin Kogyo Co.Ltd.
Fine Chemicals & Scientific Co.


Conclusion:

The glycerol market is progressing steadily, driven by its flexible applications and consistent demand across key consumer industries. While refined glycerol continues to lead, emerging opportunities in crude glycerol and health-focused sectors are broadening the landscape. With Asia-Pacific at the forefront of growth and innovation, companies that focus on clean, high-quality, and multifunctional solutions are well-positioned for success in this evolving market.