Global Vegetable Glycerin Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Global Vegetable Glycerin Market Segments, Market Dynamics of Global Vegetable Glycerin Market, Historical Actual Market Size, 2013-2015 for Global Vegetable Glycerin Market, Global Vegetable Glycerin Market Size & Forecast 2016 to 2026, Value Chain, Global Vegetable Glycerin Market Current Trends/Issues/Challenges, Competition and Companies involved in Global Vegetable Glycerin Market and Global Vegetable Glycerin Market Drivers and Restraints.

By Source ;

Vegetable Oils, Bio-diesel, Synthetic, Others

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn223805817 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Vegetable Glycerin Market (USD Million), 2021 - 2031

In the year 2024, the Global Vegetable Glycerin Market was valued at USD 1,998.41 million. The size of this market is expected to increase to USD 2,908.58 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.5%.

Glycerin finds its primary applications in medicine, personal care products, and cosmetics. The beauty industry saw a decline in sales, purchases, and usage across various cosmetic sectors during the COVID-19 pandemic, due to prolonged lockdowns, travel restrictions, and retail closures. However, the demand for glycerin surged in sectors such as pharmaceuticals and personal care, driven by its increased use in hand sanitizers, soaps, handwashes, and detergents.

The pharmaceutical sector's substantial demand is expected to be a key driver for the expansion of the glycerin market in the near future. Conversely, many producers of refined glycerin are exploring alternative substitutes in various end-user sectors, potentially impacting market growth. Alternatives such as diethylene glycol, ceramides, oils, and butters are being considered by manufacturers.

Globally, glycerin is produced at a rate of approximately 2.9 million tonnes annually from various sources. In Europe, around 810,000 tonnes of glycerin are produced from vegetable oils, with an additional 150,000 tonnes from biodiesel production using UCOME and waste fatty acids. Biodiesel production from animal fats in categories 1 and 2 contributes another 45,000 metric tonnes. However, glycerol derived from biodiesel waste can only be used for technical applications and cannot be refined to pharmaceutical-grade standards, limiting its use. The refined glycerin market, estimated at around 2 million metric tonnes, is rapidly expanding, driven by growth in pharmaceuticals and personal care industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Source
    3. Market Snapshot, By Region
  4. Global Vegetable Glycerin Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Natural Ingredients
        2. Focus on Sustainability
      2. Restraints
        1. Supply Chain Challenges
        2. Regulations
      3. Opportunities
        1. Technological Advancements
        2. Focus on Clean Beauty
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Vegetable Glycerin Market, By Application, 2021 - 2031 (USD Million)
      1. Global Vegetable Glycerin Market Segments
      2. Market Dynamics of Global Vegetable Glycerin Market
      3. Historical Actual Market Size
      4. Global Vegetable Glycerin Market Size & Forecast
      5. Value Chain
      6. Global Vegetable Glycerin Market Current Trends/Issues/Challenges
      7. Competition and Companies involved in Global Vegetable Glycerin Market
      8. Global Vegetable Glycerin Market Drivers and Restraints
    2. Global Vegetable Glycerin Market, By Source , 2021 - 2031 (USD Million)
      1. Vegetable Oils
      2. Bio-diesel
      3. Synthetic
      4. Others
    3. Global Vegetable Glycerin Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. NOW Foods
      2. VVF L.L.C
      3. Cargill
      4. Dutch Glycerin Refinery (DGR)
      5. The Dow Chemical Company
      6. Parchem fine & specialty chemicals
  7. Analyst Views
  8. Future Outlook of the Market