The global Glycerol  Market stood at USD 4.9 billion in 2023 and is expected to climb to USD 5.9 billion by 2033, growing at a CAGR of 1.9% over the forecast period. This gradual growth is attributed to the rising demand for glycerol in industries like pharmaceuticals, cosmetics, and food & beverages. Due to its multifunctional properties—such as acting as a humectant, sweetening agent, and solvent—glycerol remains a key component across a wide array of commercial and industrial uses.

In 2023, Asia Pacific led the global market, largely fueled by increasing consumer awareness around wellness. Refined glycerol dominated with a 78% share, while biodiesel was the leading source, contributing 59.5% of the total production.

Key Takeaways

Market Value: Expected to grow from USD 4.9 billion in 2023 to USD 5.9 billion by 2033, registering a 1.9% CAGR.

Refined Glycerol: Dominated the market with a 78% share in 2023, commonly used in cosmetics and home care.

Crude Glycerol: Set to expand at a CAGR of 6.2%, with applications growing in budget-friendly personal care and supplements.

Biodiesel-based glycerol accounted for 59.5%, benefiting from green energy initiatives.

Pharmaceuticals and nutraceuticals are expanding swiftly.

Fatty alcohols are gaining popularity in cosmetics and cleaning products.

Personal care & cosmetics dominated with 34% share in 2023
Asia-Pacific led regional demand, advancing at 6.5% CAGR due to lifestyle and dietary shifts.

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