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).

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 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).

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.

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 2024, the Malaysian crude glycerol market decreased by -5.6% to $18M, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a mild descent. Crude glycerol consumption peaked at $25M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

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...

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.

• 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

The global vegetable refined glycerine market exhibits robust growth, driven by increasing demand across diverse applications. A compound annual growth rate (CAGR) of, let's assume, 5% from 2019 to 2024 suggests a substantial market expansion. Considering a market size of, for example, $2 billion in 2025 (this is an estimated value based on typical market sizes for similar products; a specific value wasn't provided), we can project significant future growth. Key application segments like food (as a sweetener and humectant), daily chemicals (in soaps and cosmetics), and pharmaceuticals (as a solvent and excipient) are major contributors. Furthermore, the growing biofuels sector contributes to increased glycerine production as a byproduct, influencing overall market dynamics. The market is segmented by purity level (95-98%, 98-99%, ≥99%), with higher purity grades commanding premium prices due to their application in specialized industries like pharmaceuticals and cosmetics. Geographic distribution shows significant regional variations, with North America and Asia Pacific likely representing the largest market shares due to established consumer bases and manufacturing hubs. However, emerging economies in regions like South America and Africa hold considerable untapped potential for future growth. Challenges include price fluctuations linked to raw material costs (vegetable oils) and the need for sustainable and environmentally friendly production processes. The market is characterized by a mix of large multinational corporations and smaller regional players. Companies like P&G Chemicals, Wilmar International, and Cargill dominate the market through extensive distribution networks and established brand recognition. However, smaller regional producers focus on niche segments and local markets. The competitive landscape is expected to intensify with further consolidation and mergers, driven by the increasing demand for higher purity grades and specialized glycerine derivatives. Future growth will depend on factors such as increasing demand from emerging economies, innovation in applications, and the development of sustainable production technologies that reduce the environmental footprint of glycerine production. Continued investment in research and development will be key to unlocking new applications and improving production efficiency.

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.

The Philippine crude glycerol market totaled $23M in 2024, increasing by 4.2% against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2024: its value increased at an average annual rate of +3.0% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +60.3% against 2022 indices.

US Glycerine market’s growth is driven by demand from personal care, pharmaceuticals, and chemical manufacturing, along with increasing applications in food and beverage industries

The U.S. crude glycerol market reached $230M in 2024, approximately reflecting the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $260M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Check Market Research Intellect's Refined Glycerine Market Report, pegged at USD 3. 2 billion in 2024 and projected to reach USD 5. 1 billion by 2033, advancing with a CAGR of 6. 0% (2026–2033). Explore factors such as rising applications, technological shifts, and industry leaders.

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The glycerol market share is expected to increase by USD 1.18 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.55%.

This glycerol 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 glycerol market segmentation by application (pharma and personal care, foods and beverages, alkyd resins, polyether polyols, and others), source (biodiesel, fatty acids, fatty alcohols, and soap industry), and geography (APAC, North America, Europe, South America, and MEA). The glycerol market report also offers information on several market vendors, including Aemetis Inc., Archer Daniels Midland Co., Cargill Inc., Croda International Plc, Dow Inc., Emery Oleochemicals LLC, IOI Corporation Berhad, Lumitos AG, The Procter and Gamble Co., and Wilmar International Ltd. among others.

What will the Glycerol Market Size be During the Forecast Period?

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

'Increasing demand for non-petroleum product alternatives for cosmetics will facilitate the glycerol esters market growth in APAC over the forecast period.'

Glycerol Market: Key Drivers, Trends, and Challenges

The favorable government policies is notably driving the glycerol market growth, although factors such as 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 glycerol industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Glycerol Market Driver

The favorable government policies is one of the key drivers supporting the glycerol market share growth. Acid rains, greenhouse gas emissions, ozone layer depletion, air pollution, and effects of chemical fertilizers and pesticides on water bodies are being closely monitored by the regulatory bodies. Meanwhile, glycerol has been earmarked as an eco-friendly product that does not contribute to greenhouse gas emissions, hazardous pollutants, and VOCs and, thus, is promoted by the government and preferred by the consumers. REACH has implemented certain rules in Europe to promote the use of oleochemicals and biodegradable substances to manufacture surfactants and detergents. This has had a significant impact on the glycerol market in Europe as it is widely used in products such as finger paints, anti-freeze products, biocides, and others. Thus, favorable government policies are expected to significantly drive the growth of the global glycerol market during the forecast period as well.

Key Glycerol Market Trend

The increasing demand for glycerol in propylene glycol and epichlorohydrin production is another factor supporting the glycerol market share growth. It is mainly used in the synthesis of propylene glycol and epichlorohydrin as well as their derivatives. Epichlorohydrin is manufactured by treating glycerol and hydrogen chloride. There is an increasing demand for epichlorohydrin as it is used as a precursor in the synthesis of many organic compounds, such as glycidyl nitrate, which is used in propellants and explosives. In addition, epichlorohydrin is used to manufacture tea bags and coffee filters and in water purification applications. Thus, the demand for propylene glycol and epichlorohydrin is expected to augment market growth during the forecast period.

Key Glycerol Market Challenge

The fluctuating raw materials prices may impede the market growth during the forecast period. Vegetable oil or animal fat are the two main raw materials required to manufacture glycerol. 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. Furthermore, the demand for these raw materials has increased in producing biodiesel, which has also contributed to the increase in animal fat and vegetable oil prices. Thus, the inelastic raw material supply and the fluctuations in the prices of these materials are hindering the market growth during the forecast period.

This glycerol 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 strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the glycerol market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in

Refined Glycerine Market Outlook

The global refined glycerine market size was estimated to be USD 3.5 billion in 2023, and it is anticipated to reach around USD 5.8 billion by 2032, growing at a steady CAGR of approximately 5.5% during the forecast period. This robust growth is primarily driven by the rise in demand from various end-use industries such as personal care, pharmaceuticals, and food and beverages. Increasing awareness regarding personal hygiene and skincare regimens, coupled with the rising population, has significantly augmented the consumption of products containing refined glycerine. Additionally, the pharmaceutical industry's expansion, driven by an aging population and increasing health awareness, further fuels the demand for refined glycerine as a vital component in drug formulations.

The personal care industry serves as a significant growth factor for the refined glycerine market. Refined glycerine is a key ingredient in many personal care products due to its moisturizing properties, making it indispensable in the formulation of lotions, creams, and soaps. As consumer preferences shift towards more natural and organic personal care products, the demand for refined glycerine, especially that derived from plant sources, is expected to rise. The growing middle class in emerging economies has further intensified the demand for a broader range of personal care products, thus driving the market. Furthermore, increasing consumer awareness regarding the benefits of glycerine in skincare, such as enhanced moisture retention and improved skin texture, is likely to sustain its demand in this segment.

In the pharmaceutical sector, refined glycerine is highly valued for its role as an excipient in various formulations, including syrups, elixirs, and vaccines. The pharmaceutical industry is experiencing rapid growth due to advancements in medical technology and a heightened focus on healthcare initiatives worldwide. This growth directly influences the refined glycerine market, as pharmaceutical companies seek high-quality excipients to ensure the efficacy and stability of their products. Additionally, the expansion of generic medicine production, along with increased governmental support for healthcare infrastructure, further amplifies the demand for refined glycerine. The substance's versatility and effectiveness in stabilizing active ingredients and maintaining moisture content are crucial attributes that bolster its application in this sector.

The food and beverage industry's inclination towards natural additives is another pivotal factor contributing to the refined glycerine market's growth. As a humectant, sweetener, and preservative, refined glycerine is extensively used in various food products, ranging from baked goods to beverages. The rising trend of health-conscious consumers seeking low-calorie and sugar-free options is fostering the use of refined glycerine as a sugar substitute. Additionally, its status as a generally recognized as safe (GRAS) ingredient by food safety authorities ensures its continued acceptance and utilization in food and beverage manufacturing. This trend is expected to be further supported by stringent food safety regulations and the continuous innovation of healthier food alternatives, thus propelling the market forward.

Food Glycerol plays a crucial role in the food and beverage industry, serving as an effective humectant, sweetener, and preservative. Its ability to retain moisture makes it an ideal ingredient in baked goods, confectioneries, and beverages, ensuring products remain fresh and appealing for longer periods. As consumers increasingly seek healthier and more natural food options, the demand for food glycerol is expected to rise. This trend is further supported by its status as a generally recognized as safe (GRAS) ingredient, which bolsters its acceptance in food manufacturing. Moreover, food glycerol's versatility in enhancing texture and sweetness without adding calories makes it a preferred choice for low-calorie and sugar-free products, aligning with the growing health-conscious consumer base.

Regionally, Asia Pacific is expected to dominate the refined glycerine market, owing to the rapid industrialization and urbanization in countries such as China and India. The burgeoning population in these regions, coupled with increasing disposable incomes, has resulted in a higher demand for personal care and pharmaceutical products, thereby boosting the market for refined glycerine. North America and Europe are also significant contributors to the market, with a

India Glycerine market’s growth is driven by demand from personal care, pharmaceuticals, and chemical manufacturing, along with increasing applications in food and beverage industries