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The global glycerol market was valued at $4.3 billion in 2021, and is projected to reach $5.1 billion by 2031, growing at a CAGR of 1.7% from 2022 to 2031.
The Pharmaceutical Glycerin Based Products Market was valued at $34.6 billion in 2020 and is projected to reach $61.6 billion by 2030, growing at a CAGR of 5.9% from 2021 to 2030.
The global pharmaceutical glycerine market was valued at $89.89 million in 2020, and is projected to reach $246.48 million by 2030, growing at a CAGR of 11% from 2021 to 2030.
The demand for oleochemicals increased from soap and detergent manufacturers because of increased awareness regarding hygiene. However, the price of oleochemicals increased because of spread of COVID-19 in raw material supplying countries such as Malaysia.
Food grade glycerin, often known as vegetable glycerin, is a transparent liquid with a milky sweetness derived from coconut, palm, or soybean oils.
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