Glycerin Market
                     Glycerin Market Potential Growth, Size, Share, Demand and Analysis of Key Players 
Market Overview
Glycerin is a trihydroxyalcohol, which is also known as glycerol. It is odorless, viscous, and 
colorless to slight brown colored liquid having sweet flavor. It is majorly produced as a by-product 
in two different industrial processes, hydrolysis and transesterification of fatty acids. Glycerin is 
used in a wide variety of applications such as beauty & personal care products and food & 
beverages as it offers moisturizing, emulsifying as well as sweetening properties to the products.
Refined grade glycerin is used in pharmaceutical as well as home care and cosmetic products. 
Glycerin is used to increase density, viscosity, and freezing point of product formulations. Growth 
of end-use industries of refined glycerin globally is in turn expected to boost demand for glycerin 
over the forecast period. For instance, according to Consulate General of Israel, Mumbai-Economic 
Department of Government of India, Indian beauty and personal care industry was valued at about 
US$ 7.0 billion in 2014 and is expected to reach about US$ 10.0 billion by 2021.
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Market Dynamics
stringent government regulations imposed on glycerin production in order ensue safety and quality 
is expected to negatively impact growth of glycerin market over the forecast period. For instance, 
glycerin intended for pharmaceutical applications should meet regulatory requirements set by 
different pharmacopeia such as USP (United States Pharmacopeia) and EP (European 
Pharmacopoeia), whereas glycerin intended for food applications should meet criteria of various 
authorities such as ‘Food Codex’, ‘Food Safety and Standards Authority of India’, and Food 
Chemicals Codex standards.
In foods & beverage industry, glycerin is used as an artificial sweetener, humectant, and as a 
solvent. Glycerin is also used as a thickening agent in liqueurs and as a filler in commercially 
prepared low-fat food products. Therefore, growth of food & beverage industry in the region is in 
turn expected to fuel growth of glycerin market during the forecast period.
Market Taxonomy:
On the basis of grade, the global glycerin market is segmented into:
•Crude
•Refined
On the basis of application, the global glycerin market is segmented into:
•Beauty & Personal Care
•Food & Beverage
•Industrial Chemicals
•Pharmaceutical
•Others (Animal Feed, Fuel Additive etc.)
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Key players operating in the global glycerin market include Emery Oleochemicals, IOI 
Oleochemicals, Godrej Industries, Wilmar International, P&G Chemicals, Kao Corporation, Cargill,
Incorporated, Avril Group, Croda International Plc, Sakamoto Yakuhin Kogyo Co., Ltd, and Twin 
Rivers Technologies, Inc.
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