In Q3 2025, North America, the Glycerine Price Index rose by 6.01% quarter-over-quarter, driven by refined supply constraints. Check detailed insights for Europe, MEA and APAC.

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

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. Overall, consumption showed a mild downturn. Over the period under review, the market hit record highs at $25M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

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.

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...

The UK crude glycerol market reached $50M in 2024, surging by 4.9% against the previous year. In general, consumption showed a relatively flat trend pattern. Crude glycerol consumption peaked at $55M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

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.

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

The Southeast Asian crude glycerol market rose modestly to $168M in 2024, surging by 2.8% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $193M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Bio-Based Glycerol Market Outlook

According to our latest research, the bio-based glycerol market size reached USD 2.41 billion in 2024, driven by robust demand across personal care, food & beverage, and pharmaceutical industries. The market is witnessing a healthy growth trajectory, registering a CAGR of 6.7% from 2025 to 2033. By the end of 2033, the bio-based glycerol market is projected to attain a value of USD 4.36 billion. This impressive growth is attributed to the increasing consumer preference for sustainable and eco-friendly products, as well as the expanding application base of bio-based glycerol in various industrial sectors. As per the latest research, the marketÂ’s expansion is underpinned by both regulatory support for green chemicals and innovations in production technologies.

One of the key growth factors fueling the bio-based glycerol market is the rising demand for natural and organic ingredients in personal care and cosmetic products. Consumers are increasingly aware of the environmental and health impacts of synthetic chemicals, prompting manufacturers to shift toward bio-based alternatives. Glycerol, derived from renewable sources such as vegetable oils and animal fats, serves as a humectant, emollient, and solvent in lotions, creams, soaps, and other personal care items. The trend toward clean-label and sustainable formulations is further accelerated by regulatory agencies mandating the reduction of petrochemical content in consumer products. As a result, global personal care companies are reformulating their product lines, which significantly boosts the demand for bio-based glycerol.

Another significant driver is the surge in biodiesel production, which generates bio-based glycerol as a major by-product. The global shift towards renewable energy sources, especially biodiesel, has created a steady and cost-effective supply of crude glycerol. This has prompted chemical companies to invest in refining technologies to convert crude glycerol into high-purity grades suitable for food, pharmaceutical, and industrial applications. The increasing adoption of bio-based glycerol in food and beverage applications, where it acts as a sweetener, humectant, and preservative, is also contributing to market growth. Furthermore, the pharmaceutical sector leverages bio-based glycerol for its non-toxic, hypoallergenic, and stabilizing properties in drug formulations, cough syrups, and topical ointments.

Technological advancements and investments in R&D are playing a pivotal role in expanding the application scope of bio-based glycerol. Innovations in biorefinery processes have improved the efficiency and yield of glycerol extraction from renewable sources, reducing production costs and making bio-based glycerol more competitive with its synthetic counterparts. Additionally, the development of novel derivatives such as epichlorohydrin, propylene glycol, and polyols from glycerol has opened new revenue streams in the chemicals and polymers industries. These derivatives are increasingly being utilized in the production of resins, plastics, and specialty chemicals, further enhancing the market prospects for bio-based glycerol.

Glycerol Phenylbutyrate Liquid is garnering attention in the pharmaceutical sector for its unique properties and applications. This compound is particularly valued for its role in the treatment of urea cycle disorders, where it aids in the removal of excess nitrogen from the bloodstream. As the demand for specialized medical treatments grows, the integration of glycerol phenylbutyrate liquid into therapeutic protocols is becoming increasingly significant. Its compatibility with bio-based glycerol formulations enhances its appeal, offering a sustainable and effective solution for managing complex metabolic conditions. The pharmaceutical industry's focus on innovative and patient-centric therapies is likely to drive further research and development in this area, expanding the potential applications of glycerol phenylbutyrate liquid.

From a regional perspective, Asia Pacific dominates the bio-based glycerol market, accounting for the largest share owing to the presence of a robust oleochemical industry, abundant feedstock supply, and rapidly growing end-use sectors. North America and Europe follow closely, benefiting from stringent environmental regulations and strong consumer

The Vietnamese crude glycerol market rose slightly to $20M in 2024, picking up by 2.8% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Crude glycerol consumption peaked at $24M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

475 Global export shipment records of Glycerol Glycerine with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

GlycerSize Glycerol Market Outlook

According to our latest research, the Global GlycerSize Glycerol market size was valued at $425 million in 2024 and is projected to reach $890 million by 2033, expanding at a CAGR of 8.4% during 2024–2033. The primary catalyst for this robust growth is the surging demand for functional ingredients in sports nutrition and dietary supplements, as consumers worldwide increasingly prioritize health, hydration, and performance optimization. The versatile application of GlycerSize Glycerol across diverse industries, including pharmaceuticals, food and beverages, and cosmetics, further amplifies its market potential. As awareness grows regarding the benefits of glycerol for endurance, hydration, and muscle recovery, the market is witnessing heightened R&D activity and product innovation, positioning GlycerSize Glycerol as a critical component in the global wellness and nutrition landscape.

Regional Outlook

North America currently dominates the GlycerSize Glycerol market, accounting for the largest share of global revenue in 2024, estimated at over 36% of total market value. This leadership is attributed to a mature sports nutrition industry, well-established dietary supplement consumption patterns, and a highly health-conscious population. The region’s advanced regulatory framework ensures product safety and quality, further boosting consumer confidence and adoption rates. Major players in the market have their operational bases in the United States, leveraging robust distribution networks and aggressive marketing strategies to maintain their competitive edge. Additionally, the prevalence of high-performance athletes and fitness enthusiasts drives continuous product innovation and premiumization, consolidating North America’s position as the epicenter of GlycerSize Glycerol market activity.

The Asia Pacific region is emerging as the fastest-growing market, projected to register a CAGR of over 10.1% from 2024 to 2033. Rapid urbanization, rising disposable incomes, and growing awareness about sports nutrition and wellness are fueling demand across countries such as China, India, Japan, and South Korea. The proliferation of fitness centers, increasing participation in recreational sports, and a burgeoning middle class with a focus on preventive healthcare are key growth drivers. Leading multinational companies are ramping up investments in local manufacturing and distribution partnerships to tap into this immense potential. Furthermore, the expansion of e-commerce platforms and digital marketing initiatives is accelerating product accessibility and consumer engagement, making Asia Pacific a focal point for future market expansion.

Emerging economies in Latin America, the Middle East, and Africa are witnessing gradual but significant adoption of GlycerSize Glycerol, albeit with unique challenges. Market penetration is hindered by lower consumer awareness, limited regulatory harmonization, and fluctuating import duties. However, localized demand is on the rise, driven by the influence of global health trends, urbanization, and a growing youth demographic interested in sports and fitness. Policy reforms aimed at improving healthcare infrastructure and nutrition standards are beginning to create a more conducive environment for market entry. Nevertheless, companies must navigate distribution bottlenecks, fragmented retail channels, and varying consumer preferences to unlock the full potential of these regions.

Report Scope

The U.S. crude glycerol market amounted to $230M in 2024, remaining stable against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $260M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

68 Global import shipment records of Glycerol,formal with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The Australian crude glycerol market expanded markedly to $17M in 2024, increasing by 12% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $21M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

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 2024, the French crude glycerol market increased by 22% to $33M, rising for the sixth year in a row after two years of decline. Overall, consumption enjoyed prominent growth. Over the period under review, the market attained the maximum level in 2024 and is expected to retain growth in the immediate term.

In 2023, exports of crude glycerol, glycerine waters and lyes from Romania soared to 30K tons, increasing by 33% compared with the previous year.

In 2023, the amount of crude glycerol, glycerine waters and lyes exported from Greece soared to 13K tons, picking up by 57% compared with 2022 figures.