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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https://market.us/report/glycerol-market/free-sample/ 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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https://market.us/report/glycerol-market/free-sample/