Vegetable Glycerin: Market outlook
Foodindustry drives on innovations owing to consumers changing taste preferencesand demands. Development in global travel and tourism have played a significantpart in the transformation of the global food industry. Application of food-gradevegetable glycerin as a natural thickener in the preparation of bakery anddairy products is popular worldwide. Its natural thickening property is alsoutilized in the processed food industry. Vegetable glycerin has become one ofthe popular additives in the food preparation owing to its properties ofthickening and suspending agent. In addition, consumer preference for naturaland plant-derived products is fueling the globalvegetable glycerin market. In the global food and beverage industry,the demand for vegetable glycerin is also increasing as a low-calorie sweeteneralternative owing to its lower glycemic value than table sugar. Along with thefood and beverage industry, the demand for vegetable glycerin is flourishingamong pharmaceutical manufacturers and personal care manufacturers. In personalcare, vegetable glycerin is used in various moisturizing skincare products. Inthe global vegetable glycerin market, North America and Europe hold the majorshare in production and consumption owing to the presence of major globalplayers in the region. Unique promotional activities and strategies applied bymanufacturers in these regions bring awareness among the manufacturers andconsumers. With the increasing demand for vegetable glycerin in the various industrialsector is anticipated to propel the growth of vegetable glycerin market overthe forecast period.
Rising Demand for Vegetable Glycerinin Pharmaceutical and Nutraceutical Industry
Vegetableglycerin is extracted from various sources such as coconut oil, soy, and palmoil. Vegetable glycerin is extracted by heating of triglyceride-rich vegetableoil and it is colorless and odorless but sweet in taste. Vegetable glycerinmarket is growing at a robust growth rate in the food and beverage industry andalso in personal care and cosmetic industry. In the global food and beverageindustry, vegetable glycerin is used as a food additive to mix water andoil-based ingredients. It is also used in moistening and sweetening the finalproducts. In the cosmetic industry, vegetable glycerin is used as a humectantas it gets easily absorbed in the skin. In addition, vegetable glycerin helpsto heal minuscule cracks on the skin and help in retaining moisture into theskin. Vegetable glycerin is used in the manufacturing of moisturizers, lotions,creams, soaps and various other products. A plethora of cosmetic products arelaunched every year, which significantly propel the growth of vegetableglycerin market. In the pharmaceutical industry, vegetable glycerin is used tomake ointments, creams, and other lubricants. Rising dermal issues amongpopulation bolstering the demand for vegetable glycerin, paving the way for therobust growth of the vegetable glycerin market in the coming future.
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Global Vegetable Glycerin: Key Players
Keyplayers operating their business in global vegetable glycerin market are DutchGlycerin Refinery (DGR), Avril Group, NOW Foods, Cargill Incorporated, Procter& Gamble, VVF L.L.C., Parchem fine & specialty chemicals, The DowChemical Company, Essential Depot, Inc. and others.
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Opportunities for MarketParticipants:
Focus onphysical and facial appearance leads to resilient demand for cosmetics,especially among teenagers and women, providing a good opportunity for thegrowth of vegetable glycerin market. On the other hand, increasing applicationof natural ingredients in nutraceutical to boost the athlete's endurancespurring good opportunity for vegetable glycerin market growth. Apart from allthe above-mentioned factors, increasing awareness among manufacturers andconsumers about the benefits and application of vegetable glycerin. Increasingawareness leads to an increase in the application of vegetable glycerin whichprovides a great opportunity for manufacturers to bring vegetable glycine intheir production line to cater to increasing demand with utmostsatisfaction.
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