Report Code: A15138 | Pages: NA | Mar 2023 | 881 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Food Grade Glycerin Market
Request Now !Food grade glycerin, often known as vegetable glycerin, is a transparent liquid with a milky sweetness derived from coconut, palm, or soybean oils. It's also used in food as a preservative to keep sugar from crystallizing in beverage items. Glycerin is roughly 60% to 70% sweeter than most alcohol with sugar content, which is predicted to help the entire food grade glycerin industry.Due to its functional and nutritional properties, food grade glycerin is widely used in a variety of consumer items. It has a variety of uses in the food and beverage sector, including food preservatives, sweeteners, and humectants. In the forecast period, rising demand for glycerin by various end use industries around the world is expected to help the worldwide food grade glycerin market acquire considerable revenue.
COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
Increased Demand from the Food and Beverage Industry
Fast-foods and convenience foods are becoming more popular as people's lifestyles and eating habits change in both emerging and developed countries. According to a research released by the United States Department of Agriculture in 2018, more than 30% of Americans choose easily available fast food than traditional cuisine.
As a result, rising global demand for fast food products is predicted to drive up demand for additives like glycerin, which can be used as sweeteners, solvents, or preservatives. In food industry, glycerol is frequently added in food to increase the water-coating ability and act as solvent for various food additives. It is also 60% as sweet as refined sugar and also has low calorie count per tablespoon. It is used as artificial sweetener most commonly in ice creams and baking.
Expanding pharmaceutical industry and rising glycerin use
People are spending more on health-related requirements as the global healthcare landscape changes rapidly. With people becoming more health-conscious and the world's population ageing, demand for pharmaceuticals has risen over the world, resulting in increased consumption of pharmaceutical ingredients and raw materials.As a result of this increase in pharmaceutical product manufacture, demand for raw materials like glycerin is predicted to rise over the forecast period.
In pharmaceutical industry glycerin is the second most used ingredient after water; it has many uses and is used to make the prescriptions palatable. Cough syrups contain glycerin because of its taste and density. Capsules are also made using glycerin because it is nontoxic. Thus is if Pharmaceutical industry expands glycerin industry will expand too.
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Questions answered in the Report
Food Grade Glycerin Market Report Highlights
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Key Market Players | Emery Oleo chemicals, Ioi Oleo chemicals, Wilmar International Ltd., Kuala Lumpur Kepong Berhad, Godrej Industries, Croda International Plc, Cargill Incorporated, Pandg Chemicals, Kao Corporation, Avril Group, The Dow Chemical Company (Olin Corporation), Cremer Oleo Gmbh And Co., Kg |
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