Published by Uma Rajagopal
Posted on January 20, 2022
The food grade glycerin market is slated to exceed a multi-billion dollar estimation in 2020, and is projected to grow at a sturdy pace throughout the forecast period, 2020-2030. Widespread application all over pharmaceuticals to production of creams, lubricants and ointments is boosting the market growth.
Increased hand sanitizers production to combat the pandemic has resulted in spiking glycerin sales in recent months. For instance, in the U.K, hand sanitizer sales swelled by over 250% in February 2020, while sales in Malaysia hit nearly US$ 237 thousand in January. Therefore, food grade glycerin market will surge impressively.
Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-12724
“Leading players are looking to aim emerging economies to capture a broader consumer based and increase revenue prospects,” states the FMI analyst.
Organic Trends Boosts Profile
Organic food grade glycerin is acquiring significant traction, attributed to heightened awareness about the benefits of consuming naturally derived products. Until 2019, over two-fifths consumers in Western Europe admitted that organic food products are much healthier, representing an increase from the earlier 31% in 2017.
Consequently, glycerin derived from vegetable oils is acquiring surging popularity. Vegetable glycerin is also considered an effective alternative to table sugar as it possesses comparatively lesser calories. Furthermore, kosher and halal-grade glycerin are also garnering significant popularity. Such trends are helping shape the future of organic food grade glycerin.
Biodiesel Glycerin Gains Traction
Nearly 70% of global crude glycerin is derived from biodiesel industries. More than 75 countries today have a biodiesel glycerin production mandate. Indonesia, for instance, has a B30 mandate, meaning 30% of their diesel fuel must be bio-based. Such trends also tie in with the global sustainability agenda.
For every 100 pounds of biodiesel produced, nearly 10 pounds of crude glycerol is created. This high volume of biodiesel production is expected to provide significant boost to the food grade glycerin market.
Food Grade Glycerin Market- Important Highlights
Food Grade Glycerin Market – Drivers
Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-12724
Food Grade Glycerin Market – Restraints
Coronavirus Impact on Food Grade Glycerin Market
The global market for food grade glycerin has foreseen a slight slowing down on the onset of the pandemic, on the back of worldwide shutdowns. However, FMI in its reports states that the market growth will eventually pick up its pace with customers shifting towards uptake of instant foods that necessitates preservatives.
Furthermore, increased production of hand sanitizers to battle the infection spread has ensued in growing glycerin sales in recent months, thus boosting sales of food grade glycerin, globally.
Competitive Landscape
Key players identified in the global food grade glycerin market include Wilmar International Ltd., IOI Oleochemicals, Emery Oleochemicals, P&G Chemicals, Croda International PLC, Avril Group, KAO Corporation, Cremer Oleo GmbH & Co KG, The DOW Chemical Company (Olin Corporation), Vitusa Products Inc., PT Smart TBK, Twin Rivers Technologies Inc., PT Bakrie Sumatera Plantations TBK, Sakamoto Yakuhin Kogyo Co Ltd. and Pacific Oleochemicals Sdn Bhd.
Key Questions Answered in the Report
Buy Complete Report @ https://www.futuremarketinsights.com/checkout/12724
Related Reports :
Microencapsulation Market – The global Microencapsulation market is estimated to be valued at USD 6.5 billion in 2022 and is projected to reach USD 10.3 billion by 2032, at a CAGR of 8.2% from 2022 to 2032.
Food Amino Acids Market – The food amino acids market was estimated at USD 4.9 billion in 2017 and is projected to grow at a CAGR of 8.1 % from 2018, to reach a value of USD 6.6 billion by 2022. The global food amino acids market is estimated to be USD 11.6 billion in 2032
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
The food grade glycerin market is slated to exceed a multi-billion dollar estimation in 2020, and is projected to grow at a sturdy pace throughout the forecast period, 2020-2030. Widespread application all over pharmaceuticals to production of creams, lubricants and ointments is boosting the market growth.
Increased hand sanitizers production to combat the pandemic has resulted in spiking glycerin sales in recent months. For instance, in the U.K, hand sanitizer sales swelled by over 250% in February 2020, while sales in Malaysia hit nearly US$ 237 thousand in January. Therefore, food grade glycerin market will surge impressively.
Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-12724
“Leading players are looking to aim emerging economies to capture a broader consumer based and increase revenue prospects,” states the FMI analyst.
Organic Trends Boosts Profile
Organic food grade glycerin is acquiring significant traction, attributed to heightened awareness about the benefits of consuming naturally derived products. Until 2019, over two-fifths consumers in Western Europe admitted that organic food products are much healthier, representing an increase from the earlier 31% in 2017.
Consequently, glycerin derived from vegetable oils is acquiring surging popularity. Vegetable glycerin is also considered an effective alternative to table sugar as it possesses comparatively lesser calories. Furthermore, kosher and halal-grade glycerin are also garnering significant popularity. Such trends are helping shape the future of organic food grade glycerin.
Biodiesel Glycerin Gains Traction
Nearly 70% of global crude glycerin is derived from biodiesel industries. More than 75 countries today have a biodiesel glycerin production mandate. Indonesia, for instance, has a B30 mandate, meaning 30% of their diesel fuel must be bio-based. Such trends also tie in with the global sustainability agenda.
For every 100 pounds of biodiesel produced, nearly 10 pounds of crude glycerol is created. This high volume of biodiesel production is expected to provide significant boost to the food grade glycerin market.
Food Grade Glycerin Market- Important Highlights
Food Grade Glycerin Market – Drivers
Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-12724
Food Grade Glycerin Market – Restraints
Coronavirus Impact on Food Grade Glycerin Market
The global market for food grade glycerin has foreseen a slight slowing down on the onset of the pandemic, on the back of worldwide shutdowns. However, FMI in its reports states that the market growth will eventually pick up its pace with customers shifting towards uptake of instant foods that necessitates preservatives.
Furthermore, increased production of hand sanitizers to battle the infection spread has ensued in growing glycerin sales in recent months, thus boosting sales of food grade glycerin, globally.
Competitive Landscape
Key players identified in the global food grade glycerin market include Wilmar International Ltd., IOI Oleochemicals, Emery Oleochemicals, P&G Chemicals, Croda International PLC, Avril Group, KAO Corporation, Cremer Oleo GmbH & Co KG, The DOW Chemical Company (Olin Corporation), Vitusa Products Inc., PT Smart TBK, Twin Rivers Technologies Inc., PT Bakrie Sumatera Plantations TBK, Sakamoto Yakuhin Kogyo Co Ltd. and Pacific Oleochemicals Sdn Bhd.
Key Questions Answered in the Report
Buy Complete Report @ https://www.futuremarketinsights.com/checkout/12724
Related Reports :
Microencapsulation Market – The global Microencapsulation market is estimated to be valued at USD 6.5 billion in 2022 and is projected to reach USD 10.3 billion by 2032, at a CAGR of 8.2% from 2022 to 2032.
Food Amino Acids Market – The food amino acids market was estimated at USD 4.9 billion in 2017 and is projected to grow at a CAGR of 8.1 % from 2018, to reach a value of USD 6.6 billion by 2022. The global food amino acids market is estimated to be USD 11.6 billion in 2032
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Explore more articles in the Research Reports category
