Get the latest insights on price movement and trend analysis of Glycerin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Glycerine Price Change in July 2025? Glycerine Spot Price showed an overall upward trajectory in Q2 2025, with crude glycerine averaging a 1.86% month-on-month rise and refined USP 99.5% averaging a 1.69% monthly increase; June saw spot prices at USD 446/MT for crude (up 1.13% from May) and USD 1,938/MT for refined (up 3.3% from May).

The Glycerin Market Report Segments the Industry by Grade (Crude Glycerin and Refined Glycerin), Source (Biodiesel, Fatty Acids, Fatty Alcohols, and Other Sources), Application (Personal Care and Cosmetics, Pharmaceuticals, Food and Beverage, Polyether Polyols, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

Q4 2024 saw a sharp glycerine price rise (+26% YoY Dec) on demand & global shifts. H2 2025 may see softening on ample supply & stable palm oil.

In 2025, the global food-grade glycerine market is projected to reach approximately USD 404.7 million, with expectations to grow to around USD 474.3 million by 2035, reflecting a Compound Annual Growth Rate (CAGR) of 1.6% during the forecast period.

Key Market Metrics

Metric	Value
Market Size in 2025	USD 404.7 Million
Projected Market Size in 2035	USD 474.3 Million
CAGR (2025 to 2035)	1.6%

Country-wise Outlook

Country	CAGR (2025 to 2035)
USA	1.8%

Country	CAGR (2025 to 2035)
UK	1.5%

Country	CAGR (2025 to 2035)
EU	1.4%

Country	CAGR (2025 to 2035)
Japan	1.6%

Country	CAGR (2025 to 2035)
South Korea	1.5%

Competitive Outlook

Company/Organization Name	Estimated Market Share (%)
Cargill, Incorporated	18-22%
Dow Chemical Company	14-18%
BASF SE	12-16%
Wilmar International Limited	10-14%
Emery Oleo chemicals	8-12%
Others	26-32%

According to Cognitive Market Research, the global Glycerin market size will be USD 2.0 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. Market Dynamics of Glycerin Market

Key Drivers for Glycerin Market

Expanding Demand from the Personal Care and Cosmetics Industry

Glycerin is a widely used ingredient in personal care and cosmetic products due to its excellent moisturizing, humectant, and skin-soothing properties. As global consumer demand for skincare, haircare, and hygiene products continues to rise especially in emerging economies the need for high-quality, plant-based and non-toxic ingredients like glycerin is growing steadily. The clean beauty trend further amplifies this demand, as brands seek safe, natural, and sustainable ingredients to align with eco-conscious consumer preferences. This robust uptake from the personal care sector remains one of the strongest growth engines for the glycerin market.

Increasing Utilization in Pharmaceutical and Food Industries

Glycerin is gaining widespread application in the pharmaceutical and food & beverage sectors due to its non-toxic, sweet-tasting, and solvent-like qualities. In pharmaceuticals, it is used as a carrier in syrups, lozenges, and capsules, while in food, it acts as a humectant, preservative, and low-calorie sweetener. The surge in demand for processed foods, oral medications, and wellness supplements especially in the wake of growing health awareness has led to increased industrial consumption of refined glycerin. As regulatory bodies approve glycerin for diverse end uses, its importance as a versatile, functional ingredient continues to grow.

Key Restraints for Glycerin Market

The availability and development of synthetic glycerin alternatives hinder the Glycerin industry growth

One major restraint in the glycerin market is the increasing availability and adoption of synthetic alternatives, which are chemically engineered to replicate the properties of natural glycerin. These synthetic versions, often derived from petrochemical sources or advanced bio-engineering processes, can offer greater consistency, purity, and tailored functionality depending on the end-use application. Industries such as pharmaceuticals, cosmetics, and personal care may prefer synthetic variants for applications requiring strict formulation control or allergen-free standards. As research and innovation in synthetic substitutes advance, they present a growing competitive threat to natural glycerin reducing its demand and putting pressure on pricing and market share for traditional glycerin producers.

The market also faces significant difficulties related to fluctuating raw material prices

Another critical restraint is the high volatility in raw material prices, particularly those linked to biodiesel production and vegetable oils like palm, soybean, or coconut key feedstocks for natural glycerin. Since glycerin is often a byproduct of biodiesel manufacturing, its supply and cost are tightly linked to biodiesel market dynamics and global oilseed crop yields. Any disruption in agricultural output due to weather, geopolitical factors, or trade policies can lead to sharp price swings. This unpredictability affects manufacturers' ability to plan, price competitively, and maintain stable margins. As a result, cost instability discourages long-term investment and creates operational challenges for businesses reliant on glycerin as a core ingredient.

Key Trends of Glycerin Market

Surge in Bio-based and Sustainable Glycerin Production

Driven by growing environmental awareness and demand for renewable alternatives, manufacturers are increasingly producing bio-based glycerin derived from vegetable oils and biodiesel by-products over petroleum-based synthetic versions. This shift supports circular economy principles, reduces carbon emissions, and aligns with consumer and regulatory preferences for green ingredients. It’s also prompting major investments in refining infrastructure, such as the expansion of biobased glycerin facilities in Europe, making high-purity, eco-friendly glycerin more accessible across industries.

Rising Use in Personal Care, Food & Specialty Applications

Glycerin is seeing increased integration into personal care, food, pharmaceutical, and specialty chemical products, thanks to its moisturizing, humectant, and stabilizing pro...

In Q1 2025, the U.S. glycerine market witnessed a consistent upward price trend, driven by a combination of tightening supply conditions, firm demand, and persistent logistical challenges. January marked the beginning of the rally, with prices steadily increasing due to post-holiday industrial recovery, robust export demand, and reduced import availability following late-2024 disruptions. The market remained sensitive to geopolitical tensions and trade policy shifts, particularly concerning Chinese imports, prompting cautious procurement strategies among buyers.

The global glycerine market value was approximately USD 3.35 Billion in 2024. The market is projected to grow at a CAGR of 3.00% between 2025 and 2034, reaching a value of around USD 4.50 Billion by 2034.

The global glycerin market size was over USD 3.84 billion in 2024 and is expected to grow at a CAGR of over 6.6%, surpassing USD 8.81 billion by 2037. The vegetable oils segment is expected to register significant growth, driven by increasing use of vegetable oil glycerin due to its lower impurity levels and hydrolysis process.

The global Glycerin Market size is expected to reach USD 4.81 Billion in 2032 registering a CAGR of 6.1%. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities and more.

In 2024, the Malaysian crude glycerol market decreased by -5.6% to $18M, falling for the second year in a row after two years of growth. In general, consumption showed a mild descent. Over the period under review, the market reached the maximum level at $25M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

Refined Glycerine Market size was valued at USD 2.04 Billion in 2023 and is projected to reach USD 2.96 Billion by 2031, growing at a CAGR of 5.25% from 2024 to 2031.

Key Market Drivers: Personal Care Products Demand: Demand for refined glycerine is driven mostly by its broad use in personal care and cosmetic goods. Glycerine is an important element in soaps, lotions, creams, and shampoos because of its moisturizing and hydrating characteristics. It helps to keep the skin's moisture balance making it a common ingredient in skincare and haircare products. According to the American Chemistry Council, the worldwide personal care business is steadily expanding with an expected annual growth rate of 4.5%. Pharmaceutical Industry Growth: Another key driver is the expansion of the pharmaceutical industry. Refined glycerin is utilized in medication formulations as a solvent, humectant, and preservative. The International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) predicts that the global pharmaceutical business would be worth USD 1.5 trillion by 2023. As the demand for drugs and healthcare items grows, so does the requirement for refined glycerin. Rising Biodiesel Production: The biodiesel industry's expansion greatly boosts the Refined Glycerine Market. Glycerine is a byproduct of biodiesel production which converts vegetable oils or animal fats into biodiesel by transesterification. With rising environmental concerns and a push for alternative energy sources, biodiesel production is increasing. According to the International Energy Agency (IEA), global biodiesel output is predicted to increase by 5% annually.

The global Glycerine market stood at approximately 4442 thousand tonnes in 2024 and is expected to grow at a CAGR of 5.42% during the forecast period until 2035.

Learn about the increasing global demand for crude glycerol, glycerine waters, and lyes, driving market growth. Market performance is expected to steadily rise over the next decade, with a projected 8.8M tons of market volume and $6.9B market value by 2035.

• The global industry was valued at US$ 249.7 Mn in 2023
• It is estimated to grow at a CAGR of 5.5% from 2024 to 2034 and reach US$ 446.0 Mn by the end of 2034

Market Introduction

Attribute	Detail
Drivers	Surge in Demand for Natural and Organic Glycerine in Cosmetics Products Growth in Emphasis on Clean Beauty without Harmful Chemicals

Regional Outlook of Organic Glycerine for Cosmetics Industry

Attribute	Detail
Leading Region	Asia Pacific

Organic Glycerine for Cosmetics Market Snapshot

Attribute	Detail
Market Value in 2023 (Base Year)	US$ 249.7 Mn
Market Forecast Value in 2034	US$ 446.0 Mn
Growth Rate (CAGR)	5.5%
Forecast Period	2024-2034
Historical Period	2020-2022
Quantitative Units	US$ Mn for Value and Thousand Tons for Volume
Market Analysis	Global qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, PESTEL analysis, etc. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis.
Competition Landscape	Prominent Players - Competition Dashboard and Revenue Share Analysis 2023 Company Profiles (Details - Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
Regions Covered	North America Europe Asia Pacific Middle East & Africa South America
Market Segmentation	Product Source Palm Coconut Soybeans Karanja Others (Mustard, etc.) Purity <99.5% >99.5% Application Skin Care Products Cleanser Moisturizer Face Oil Cream Others (Face Serum, etc.) Hair Care Products Shampoo Conditioner Hair Oil Others (Hair Serum, etc.) Body Care Products Soaps Oils Others (Shower Gel, etc.) Other Products (Makeup Toner, etc.) Distribution Channel Direct Sales Indirect Sales
Companies Profiled	AIPRIME NUTRITIONS PVT.LTD. AromaMusk Botanic Planet Canada Inc. EnviroChem International Pty Ltd. GEO-FRESH ORGANIC Hyjiva Healthcare Private Limited Manorama Industries Limited. Organic Netra Vegetable Glycerin Syscom Organic World Private Limited Wildorganic Other Key Players
Customization Scope	Available upon Request
Pricing	Available upon Request

Glycerin Market was valued at USD 2.71 Billion in 2023 and is projected to reach USD 3.96 Billion by 2031, growing at a CAGR of 5.34% from 2024 to 2031.

Glycerin Market: Definition/ Overview Glycerin, or glycerol, is a colorless, odorless, viscous liquid having the chemical formula C₃H₈O₃. It is a simple polyol compound that is both hygroscopic and non-toxic, generated primarily from fat and oil breakdown. Glycerin's unique qualities make it useful in a variety of sectors. In the food industry, it is used as a sweetener, humectant, and preservative, assisting in the retention of moisture in baked goods and candies. In personal care, it is prized for its moisturizing properties in lotions and creams, while in medicines, it serves as a solvent and sweetener in drugs. Glycerin is also utilized in the production of antifreeze and as a constituent in e-liquids for vaping, demonstrating its adaptability across different fields.

Glycerin Market Outlook 2032

The global glycerin market size was USD 3.57 billion in 2023 and is likely to reach USD 6.72 billion by 2032, expanding at a CAGR of 6.8% during 2024–2032. The market growth is attributed to the rising awareness and high demand for bio-based products across the globe.



Increasing awareness and demand for bio-based products drive the glycerin market. Glycerin emerges as a preferred choice due to its biodegradability and non-toxic nature, as industries seek sustainable and environmentally friendly alternatives. This compound, also known as glycerol, finds extensive applications across various sectors including pharmaceuticals, food and beverages, cosmetics, and personal care products. The shift toward natural ingredients in these industries supports market growth and aligns with global sustainability goals.

Impact of Artificial Intelligence (AI) in Glycerin Market

The use of artificial intelligence is likely to boost the glycerin market. AI algorithms analyze vast amounts of data to predict market trends, enabling manufacturers to adjust production rates accordingly and manage inventory effectively. This technology plays a crucial role in quality control, where machine learning models detect and correct deviations in glycerol purity and concentration faster than traditional methods. Furthermore, AI-driven predictive maintenance helps prevent equipment failures in glycerin production facilities, reducing downtime and increasing overall productivity. Companies streamline operations and improve their responsiveness to market demands, thereby gaining a competitive edge.

Glycerin Market Dynamics

Major Drivers

Growing consumer preferences for high-quality

The global vegetable refined glycerine market is experiencing robust growth, driven by increasing demand from diverse sectors. While the exact market size for 2025 isn't provided, considering a plausible CAGR (let's assume 5% for illustrative purposes, a reasonable estimate given industry growth trends) and a hypothetical 2019 market size of $2 billion (again, a reasonable assumption based on the scale of the involved industries), the 2025 market size could be estimated at approximately $2.65 billion. This growth is fueled by several key factors, including the expanding food and beverage industry, which utilizes glycerine as a sweetener, humectant, and stabilizer. The burgeoning personal care and cosmetics sector also contributes significantly, with glycerine acting as a moisturizer and emollient in numerous products. Furthermore, the pharmaceutical industry employs glycerine as an excipient in various drug formulations. The consistent growth of these sectors directly translates into increased demand for vegetable refined glycerine. Continued expansion in the food, pharmaceuticals, and personal care segments, alongside exploration of new applications in biofuels and other specialty chemicals, are expected to maintain the market's positive trajectory. However, price fluctuations in raw materials, particularly vegetable oils (the primary source of glycerine), pose a potential restraint. Similarly, the development of alternative humectants and emulsifiers could challenge the market share of glycerine in certain applications. Despite these potential challenges, the overall outlook remains optimistic, with the market projected to experience steady growth throughout the forecast period (2025-2033). The assumed 5% CAGR suggests a significant increase in market value by 2033, potentially exceeding $4 billion depending on unforeseen market shifts. Regional variations will exist, with established markets in North America and Europe maintaining strong positions alongside the rapidly developing markets in Asia-Pacific, driven by expanding consumer bases and industrialization. This in-depth report provides a comprehensive analysis of the global vegetable refined glycerine market, a crucial component in various industries valued at approximately $5 billion. This analysis covers market size, growth drivers, challenges, emerging trends, and key players, offering valuable insights for businesses involved in production, distribution, and application of this versatile compound. The report utilizes rigorous data analysis and industry expertise to provide actionable intelligence for informed decision-making. High-search-volume keywords such as "vegetable glycerin market," "refined glycerin," "glycerine production," "vegetable glycerin applications," and "glycerine price" are strategically integrated throughout for enhanced online visibility.

According to Cognitive Market Research, the global glycerol market size will be USD 5241.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 3.00% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1939.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 1.5% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1520.04 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 1257.96 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 199.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 209.66 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 115.31 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2025 to 2033.
Fatty alcohols category is the fastest growing segment of the glycerol industry

Market Dynamics of Glycerol Market

Key Drivers for Glycerol Market

Demand for Glycerol in Manufacturing Polyols and Resins Propels Market Growth

The increasing demand for glycerol in manufacturing polyols and resins is propelling the growth of the glycerol market. Glycerol serves as a crucial feedstock in producing polyols, which are essential components in polyurethane foams, coatings, adhesives, and sealants. The expanding construction, automotive, and furniture industries further boost the demand for polyols and resins, strengthening glycerol consumption. Additionally, the shift toward bio-based and sustainable products has encouraged industries to adopt glycerol-derived polyols as an eco-friendly alternative. Advancements in chemical processing technologies are improving the efficiency and quality of glycerol-based polyols, enhancing their market potential. As industries continue to seek sustainable materials, the rising use of glycerol in polyol and resin production significantly contributes to market expansion. For instance, in August 2023, NEOCUTIS, the science-based skincare line from Merz Aesthetics, launched its Neo Restore Post Treatment Nourishing Sheet Mask. Formulated with proprietary peptides, glycerin, hyaluronic acid, and aloe barbadensis leaf juice powder, the mask helped consumers achieve skincare goals by revitalizing, hydrating, and smoothing the skin while retaining moisture.

https://www.businesswire.com/news/home/20230831595065/en/Merz-Aesthetics%C2%AE-Expands-Upon-NEOCUTIS%C2%AE-Skincare-Line-with-Launch-of-New-%E2%80%98Neo-Restore-Post-Treatment-Nourishing-Sheet-Mask%E2%80%99

Increasing Use of Glycerol in Pharmaceuticals for Formulation and Drug Delivery Fuels Market Growth

The increasing use of glycerol in pharmaceuticals for formulation and drug delivery fuels the growth of the glycerol market. Glycerol serves as an essential excipient in various pharmaceutical formulations, including syrups, capsules, and topical medications, due to its humectant, stabilizing, and solubilizing properties. Its ability to enhance drug solubility and bioavailability makes it a preferred ingredient in oral and injectable medications. Additionally, glycerol's non-toxic and biocompatible nature supports its use in medical applications such as wound care and suppositories. Rising demand for innovative drug formulations and biologics further strengthens glycerol adoption in the pharmaceutical industry. Increasing regulatory approvals for glycerol-based formulations contribute to its expanding presence in global pharmaceutical markets.

Restraint Factor for the Glycerol Market

Limited Availability of High-Purity Glycerol for Specialized Applications Restricts Market Growth

The glycerol market faces challenges due to the limited availability of high-purity glycerol for specialized applications. Many industries, including pharmaceuticals, cosmetics, and food processing, require refined glycerol with strict purity standards. However, crude glycerol obtained from biodiesel...

The U.S. crude glycerol market reached $230M in 2024, leveling off at the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Crude glycerol consumption peaked at $260M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.