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).

According to Cognitive Market Research, the global Glycerin market size was 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 propert...

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.

The average crude glycerol export price stood at $550 per ton in May 2025, which is down by -21.2% against the previous month.

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).

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The pharmaceutical glycerine market share is expected to increase by USD 56.35 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.92%.

This pharmaceutical glycerine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers pharmaceutical glycerine market segmentation by product type (sweetener, excipient, and others) and geography (Asia, North America, Europe, and Rest of World (ROW)). The pharmaceutical glycerine market report also offers information on several market vendors, including Cargill Inc., CREMER OLEO GmbH and Co. KG, Emery Oleochemicals LLC, GLACONCHEMIE GmbH, Godrej Industries Ltd., GRANOL INDUSTRIA COMERCIO E EXPORTACAO SA, Hangzhou Oleochemicals Co.Ltd, Kao Corp., KLK Oleo, Merck KGaA, Monarch Chemicals Ltd., Munzer Bioindustrie GmbH, PT. Bakrie Sumatera Plantations TBK, Sakamoto Yakuhin kogyo Co. Ltd., Sulzer Ltd., The Procter and Gamble Co., Timur OleoChemicals Malaysia Sdn.Bhd., Twin Rivers Technologies Inc., Viterra BV, VVF Group, and Wilmar International Ltd. among others.

What will the Pharmaceutical Glycerine Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Pharmaceutical Glycerine Market Size for the Forecast Period and Other Important Statistics

Pharmaceutical Glycerine Market: Key Drivers, Trends, and Challenges

The increasing production of pharmaceutical drugs is notably driving the pharmaceutical glycerine market growth, although factors such as the fluctuating raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pharmaceutical glycerine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pharmaceutical Glycerine Market Driver

One of the key factors driving growth in the pharmaceutical glycerine market is the increasing production of pharmaceutical drugs. The global healthcare landscape has been changing rapidly as people have started to spend more on health-related needs. The growing geriatric population is expected to increase the demand for cough medicines as well as heart medications as they are more prone to getting cold and heart diseases owing to their weak immune system. Pharmaceutical glycerin is a common ingredient that is used widely in the production of pharmaceutical drugs, including cough medicines and heart medications. It is also used to improve the smoothness and taste of medicines, as well as to make tablets easier to swallow. Therefore, these factors are expected to fuel the growth of the market in focus.

Key Pharmaceutical Glycerine Market Trend

The growing demand from the cosmetic and personal care industry is a pharmaceutical glycerine market trend that is expected to have a positive impact in the coming years. Steady economic growth in developing countries, such as China, India, etc., as well as rising per capita disposable income and expenditure in these countries, are some of the major factors expected to drive the market for consumer products such as cosmetics and personal care, among others. Pharmaceutical glycerin is used as a moisturizer to treat/prevent dry, rough, scaly, itchy and minor skin irritations. Hence, growth in the cosmetic and personal care industry is expected to increase the demand for pharmaceutical glycerin during the forecast period. The growing global pharmaceutical sector and the increasing demand for bio-degradable and safe ingredients in the personal care sector are expected to propel the growth of the market in focus.

Key Pharmaceutical Glycerine Market Challenge

The fluctuating raw material prices will be a major challenge for the pharmaceutical glycerine market during the forecast period. Vegetable oil and animal fat are the two main raw materials required to manufacture glycerol. The supply constraints and fluctuating raw material prices have severely threatened the manufacturers of glycerol, which, in turn, has drastically affected the production of glycerol globally. The supply of animal fat remains inelastic, owing to farmers and ranchers not raising their animals for fat and the year-on-year production rate being marginally flat. This has been the major factor underlying the fluctuating prices of animal fat. The inelastic raw material supply and the fluctuations in the prices of these materials are hindering the growth of the market in focus.

This pharmaceutical glycerine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth

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%

In 2023, purchases abroad of crude glycerol, glycerine waters and lyes increased by 204% to 2.1K tons for the first time since 2020, thus ending a two-year declining trend.

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 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.

For the fourth consecutive year, Indonesia recorded growth in overseas shipments of crude glycerol, glycerine waters and lyes, which increased by 2.3% to 834K tons in 2023.

In June 2023, the price of Crude Glycerol was $448 per ton (CIF, Italy), experiencing an 11% increase compared to the previous month.

The global glycerin market size was more than USD 3.13 billion in 2025 and is anticipated to grow at a CAGR of over 5.5%, reaching USD 5.35 billion revenue by 2035, fueled by surge in use of glycerin in cosmetics products.

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 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.

Food Grade Glycerin Market Outlook

The food grade glycerin market has been demonstrating substantial growth with a market size valued at approximately USD 2.1 billion in 2023. The industry is projected to reach USD 3.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2032. This remarkable growth can be attributed to the rising demand for natural and sustainable food ingredients, coupled with the increasing popularity of plant-based products across various consumer demographics. As consumers become more health-conscious and environmentally aware, the shift towards natural additives like food grade glycerin has significantly bolstered market growth, making it an indispensable component in various industries.

The primary factor driving the growth of the food grade glycerin market is its versatile application across multiple sectors. In the food and beverages industry, glycerin is used as a sweetener, humectant, and preservative, enhancing the shelf life and quality of products. The rising demand for low-calorie sweeteners, particularly in beverages, has catalyzed its consumption. In the pharmaceutical industry, glycerin is valued for its therapeutic properties and is widely used in cough syrups, elixirs, and expectorants, making it an essential ingredient. Additionally, the personal care industry has seen a surge in the use of food grade glycerin due to its moisturizing properties, leading to its widespread incorporation in skincare and haircare products. This multifunctional utility across diverse applications is a significant growth factor for the market.

Another crucial growth driver is the increasing consumer preference for natural and sustainable products. With the rise of veganism and the demand for organic and non-GMO products, the market for vegetable-derived glycerin has expanded significantly. Consumers are increasingly scrutinizing product labels for natural ingredients, pushing manufacturers to incorporate food grade glycerin as a sustainable alternative. Moreover, the synthetic segment also finds its place in industries where cost-effectiveness is a priority, catering to a different market segment. This dual demand for both vegetable and synthetic sources of glycerin ensures a balanced growth trajectory for the market, appealing to a broad spectrum of consumers.

The technological advancements in manufacturing processes have also played a pivotal role in augmenting the market growth. Innovations in extraction and refining technologies have not only improved the purity and quality of glycerin but have also enhanced production efficiency. This has led to a reduction in production costs, thereby making food grade glycerin more accessible to a wider range of industries. Furthermore, the growing awareness about the benefits of glycerin, such as its low toxicity and biodegradability, has increased its acceptance among manufacturers and consumers alike. This technological progress, coupled with strategic marketing initiatives by key players, continues to drive market expansion.

Glycerol Diacetate, a derivative of glycerin, plays a crucial role in the food industry due to its multifunctional properties. It is commonly used as an emulsifier and stabilizer in various food products, enhancing texture and shelf life. Its ability to improve the consistency of food products makes it a valuable additive in the production of baked goods, dairy items, and processed foods. As consumers increasingly demand high-quality, stable food products, the use of Glycerol Diacetate is expected to rise. This trend aligns with the broader market movement towards incorporating versatile and effective ingredients that meet consumer expectations for quality and sustainability.

Source Analysis

The source of food grade glycerin is an essential determinant of its market dynamics. Glycerin can be derived either from vegetable sources or synthesized chemically. The vegetable segment is predominantly composed of glycerin extracted from plant oils such as palm, soy, and coconut. This segment has witnessed robust growth owing to the increasing consumer preference for natural and sustainably sourced products. The heightened awareness and demand for organic products have further propelled the vegetable glycerin market. Manufacturers are focusing on sustainable practices and certifications such as non-GMO and organic labels to attract environmentally conscious consumers, thereby boosting the market share of vegetable-derived glycerin.

On the other

Food And Feed Grade Glycerin Market Outlook

The global market size for food and feed grade glycerin is estimated to reach $2.1 billion in 2023 and is forecasted to grow to $3.5 billion by 2032, reflecting a CAGR of 5.5%. This growth is driven by increasing demand across various applications such as food, beverages, animal feed, pharmaceuticals, and personal care, coupled with advancements in production technologies and rising awareness about the benefits of glycerin.

The food and feed grade glycerin market is witnessing significant growth due to rising consumer awareness regarding the nutritional benefits and safety of glycerin as an ingredient. Glycerin is widely used in the food and beverage industry as a sweetener, humectant, and solvent, which makes it an essential ingredient in various products. The increasing awareness of glycerinÂ’s moisturizing and preserving qualities has amplified its demand in personal care products, further propelling market growth. Moreover, the animal feed industry has discovered the benefits of glycerin in improving feed quality and palatability, thus enhancing animal health and productivity, which is driving up its use in this sector.

Innovations in production methods and the development of sustainable and cost-effective glycerin sources are other key factors contributing to the market's expansion. The shift towards biodiesel production has resulted in an abundant supply of crude glycerin, which, after refining, is suitable for various food and feed applications. Furthermore, advancements in synthetic glycerin production have improved the purity and quality of the final product, making it more attractive for high-end applications. The rise of eco-friendly and green chemistry initiatives has also promoted the use of vegetable oils and other renewable sources to produce glycerin, aligning with global sustainability goals and enhancing market growth.

The regional outlook of the glycerin market shows varied growth patterns due to differences in industrial development, regulatory frameworks, and consumption patterns. North America and Europe, with their well-established food, pharmaceutical, and personal care industries, represent significant markets for food and feed grade glycerin. Emerging economies in the Asia Pacific, Latin America, and the Middle East & Africa are witnessing rapid industrialization and urbanization, leading to increased glycerin demand. Government initiatives supporting agricultural development and animal husbandry in these regions are also bolstering the market growth through enhanced feed quality and productivity.

Glycerin For Skin is gaining recognition for its exceptional hydrating properties, making it a popular ingredient in the personal care industry. Its ability to attract and retain moisture makes it an ideal component in skincare products, providing a natural solution for dry and sensitive skin. The use of glycerin in moisturizers, lotions, and serums helps to enhance skin texture and elasticity, offering a youthful appearance. As consumers increasingly seek natural and effective skincare solutions, glycerin's role in maintaining skin health and appearance is becoming more prominent. This trend is contributing to the growth of the glycerin market, particularly in regions with a strong demand for personal care products.

Source Analysis

The glycerin market by source is dominated by vegetable oils, animal fats, biodiesel, and synthetic methods. Vegetable oils, such as palm oil, soy oil, and coconut oil, are primary sources due to their abundance and cost-effectiveness. The extraction of glycerin from vegetable oils involves hydrolysis, transesterification, and saponification processes, which are well-established and economically viable. This source is particularly favored for food and personal care applications due to its natural origin and perceived safety.

Animal fats, though less prevalent than vegetable oils, are an important source of glycerin. Rendering plants typically produce glycerin as a byproduct of animal fat processing. While this source is often associated with lower costs, there are concerns regarding consumer acceptance and possible religious and dietary restrictions. However, animal fat-derived glycerin remains crucial for certain industrial applications where cost reduction is a major consideration.

The biodiesel industry has emerged as a significant contributor to the glycerin market. The transesterification process

5954 Global exporters importers export import shipment records of Crude glycerine with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Glycerin Market Outlook

According to our latest research, the global glycerin market size in 2024 is valued at USD 3.2 billion, reflecting a robust industry with widespread applications across various sectors. The market is experiencing a healthy compound annual growth rate (CAGR) of 6.1% from 2025 to 2033. At this pace, the glycerin market is forecasted to reach USD 5.5 billion by 2033. This growth is primarily driven by rising demand in pharmaceuticals, personal care, and food & beverage industries, coupled with technological advancements in production and processing methods. As per our latest research, the growing inclination towards bio-based chemicals and sustainable ingredients is further catalyzing the expansion of the global glycerin market.

One of the most significant growth factors for the glycerin market is the surging utilization of glycerin in the pharmaceutical and personal care sectors. In pharmaceuticals, glycerin is used as a humectant, solvent, and sweetening agent in cough syrups, elixirs, and expectorants. Its non-toxic and hypoallergenic properties make it ideal for skin care formulations, moisturizers, and toothpastes. The global rise in health consciousness, coupled with an aging population and increasing prevalence of chronic diseases, is driving the demand for pharmaceutical-grade glycerin. Furthermore, the personal care and cosmetics industryÂ’s shift towards natural and safe ingredients is boosting the adoption of vegetable-derived glycerin, which is perceived as a cleaner and more sustainable alternative to synthetic chemicals.

Another key driver is the growing application of glycerin in the food and beverage industry. Glycerin is widely used as a sweetener, preservative, and humectant in various food products, including baked goods, beverages, candies, and processed foods. The rising demand for processed and convenience foods, especially in emerging economies, is fueling the need for food-grade glycerin. Additionally, the trend towards clean-label and plant-based ingredients is encouraging food manufacturers to incorporate vegetable-based glycerin in their formulations. Regulatory approvals and recognition of glycerin as a generally recognized as safe (GRAS) substance by global food safety authorities further support its widespread adoption in the food sector.

Technological advancements and innovations in glycerin production are also contributing to market growth. The development of efficient and cost-effective methods for the extraction and purification of glycerin from renewable sources such as vegetable oils and animal fats is enhancing product quality and expanding its range of applications. The increasing adoption of biodiesel production, which generates glycerin as a byproduct, is also augmenting the supply of crude and refined glycerin. As sustainability and circular economy principles gain traction, manufacturers are investing in green chemistry approaches to produce high-purity glycerin with minimal environmental impact. This shift towards sustainable production processes is expected to open new avenues for market expansion in the coming years.

From a regional perspective, the Asia Pacific region dominates the global glycerin market, accounting for the largest share in terms of both consumption and production. The regionÂ’s growth is underpinned by rapid industrialization, expanding end-use industries, and abundant availability of raw materials such as palm oil and coconut oil. North America and Europe are also significant markets, driven by stringent regulations, high demand for pharmaceutical and personal care products, and a strong focus on sustainability. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, supported by growing investments in manufacturing infrastructure and increasing awareness of glycerinÂ’s benefits across various applications.

Source Analysis

The global glycerin market is segm