Global Food Grade Glycerin Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Food Grade Glycerin Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global food grade glycerin market report has been segmented on the basis of source, application, and region.
Global Food Grade Glycerin Market: Overview
Glycerin is also called as Glycerol and is colorless, odorless, viscous liquid. Glycerin is, in simple terms, is an organic alcohol mixture of sugar and alcohol. It is widely used in the food sector humectant and sweetener as well as widely used in pharmaceutical formulations.
Global Food Grade Glycerin Market: Dynamics
Rising applications of glycerin in the foods & beverage industry is major factor driving growth of the global food grade glycerin market. In food and beverages, glycerin is used as solvent, humectant, sweetener, and aids in preserving foods. In addition, it also acts as filler in commercially prepared of low-fat foods as well as a thickening agent in liqueurs.
In addition, growing prevelance of diabetes, technological advancement, changing consumers eating habits are some others factors propelling growth of the global market. Furthermore, rising per capita income level, growing food and beverage industry are another factors expected to boost the demand for food grade glycerin.
However, stringent food regulations by Food and Drug Administering (FDA) is a factor expected to hamper growth of the global market.
Global Food Grade Glycerin Market: Segment Analysis
On the basis of source, biodiesel segment is expected to dominates the global market in terms of revenue in the near future, owing to growing attention in biodiesel fuel from renewable sources such as vegetable oil, waste cooking oil, etc. On the basis of applications, food preservatives segment is expected to register highest CAGR and is expected to maintain its dominance for the next 10 years.
Global Food Grade Glycerin Market: Trends
Major players are adopting for collaborating strategies with other player in order to form effective supply distribution chain to reaching the growing demand of glycerin across the globe, is the current trend witnessed in the target market.
Global Food Grade Glycerin Market: Regional Analysis
Currently, Asia Pacific market in estimated to anticipated to significant market share and is projected to maintain its dominance over the forecast period. This is primarily attributed to growing food and beverages industries and rising disposable income level are the factors expected to drive the growth of the target market over the forecast period. In terms of revenue, market in Latin America anticipated to witness average growth over the forecast period, followed by markets Middle East and Africa in the global market.
Global Food Grade Glycerin Market Segmentation:
Segmentation by source:
- Vegetable Oils
Segmentation by application:
- Food preservatives
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Wilmar International Ltd.
- Croda International PLC
- Cargill Incorporated
- Cremer Oleo GmbH & Co., Kg
- KAO Corporation
- Avril Group
- Godrej Industries
- IOI Group
- Emery Oleochemicals Sdn Bhd
- P&G Chemicals
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