Glycerol Market Analysis, Market Size, In-Depth Insights, Growth and Forecast 2022-2027

With the generally recognized as safe (GRAS) tag given by the US FDA, glycerol is widely used as an additive in the food and beverages industry. An ongoing study of Fairfield Market Research finds that glycerol market will be significantly driven by its adoption as a sweetening agent, and humectant by food companies. The role of glycerol in manufacturing process of low-fat food products will also garner notable traction for it. This is likely to uphold a promising growth outlook for the global glycerol market, says the report.

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Increasing Non-food Applications to Boost Market Revenue

The non-toxic attributes of glycerol further push its consumption across multiple other industries as well. Glycerol continues to experience growing demand as an emollient in skincare industry. Its soothing properties that promote healthy skin particularly help it gain ground in psoriasis treatment space. Moreover, glycerol remains a preferred chemical used in solvent extraction process attributing to its low price point, wide availability, zero volatility, and non-inflammable nature. Moreover, rising boom around renewable energy, and biodiesel production has been creating a plethora of opportunities for glycerol manufacturers, thereby supporting market growth.

Processed Food Manufacturers, and Liquor Industry to Record Notable Glycerol Adoption

The interest of food industry operators has been growing around the humectant, sweetening, and solvent properties of glycerol beneficial in making sweets and confectionary, fondants, dairy canned products, processed fruits, and nutrition products like energy bars. This will serve as an important factor boosting glycerol consumption worldwide. Its usage as a thickening agent is expected to push sales within the liquor industry, which remains a strong factor fostering the performance of glycerol market.

Adoption Potential to Grow Higher across Asia Pacific

The global manufacturing hub for manufacturing brands, Asia Pacific provides a strong fertile ground for a multitude of industries, more prominently chemicals, pharmaceuticals, food and beverages, and cosmetics and personal care. With surging popularity of healthier, low-fat foods across the region in line with shifting lifestyle, adoption of conventional humectants like glycerol, and sorbitol is likely to see a continuous uptrend. Moreover, demand for glycerol from the pharmaceutical and personal care sector is likely to foster significant gains in the coming years. Use of glycerol in cosmetic products such as shaving creams, moisturizers, and soaps due to moisture retaining ability is expected to fuel its demand, consequently contributing to the growth of glycerol market.

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Competition Structure Analysis - Glycerol Market

With an estimated steady stream of revenue generation opportunities, key manufacturers in glycerol market are likely to witness a promising outlook in the course of foreseeable future. Some of the leading market players would be profiled in detail in the report in order to reveal the most significant financial, and strategic insights for potential market participants. Besides BASF SE, Dow Chemical Company, and Cargill Incorporated, the competition landscape of glycerol market is driven by a few more prominent players, including Pacific Oleochemicals Sdn Bhd, Wilmar International Ltd., Procter & Gamble, Kao Corporation, and KLK OLEO.

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