Glycerol MarketSize and Trends

The global glycerol market is estimated to be valued at US$ 2.91 Billion in 2022 and is expected to exhibit a CAGR of 7.4% over the forecast period (2023-2030).

Market Trends

Using glycerol in processed and dairy products

The increasing trend of using glycerol in various processed, dairy products, canned, and functional foods is expected to propel the market growth. Glycerol is used as a sweetener, thickener, and humectants in food formulations. Food grade glycerol is produced from vegetable, animal sources such as palm, coconut, and soybean. Moreover, it is also prepared synthetically from propylene. Thus, the growing demand for processed and dairy products is projected to foster the market growth.

Growing strategic partnerships among key players

Growing strategic partnerships and agreements among key manufacturers is one of the emerging trends in the market. For instance, in June 2022, Kao Corp. an manufacture introduced Bioré Guard Mos Block Serum, a natural citronella oil-based topical mosquito repellent. The serum has a widely expanding formula that blocks mosquitoes and provides shield-like coverage on the skin.

Glycerol Market Report Snapshots