Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "North America Glycerol Market Size, Share & Trends Analysis Report By Type (Refined, Crude), By Raw Material (Biodiesel, Fatty Acids, Soap, Fatty Alcohols), By Source (Plant, Animal, Synthetic), And Segment Forecasts, 2023 - 2033" report has been added to ResearchAndMarkets.com's offering.
The North American glycerol market is set to expand significantly in the coming decade, with projections indicating a surge to USD 1.94 billion by 2033. A comprehensive analysis report now available outlines the projected growth at a steady CAGR of 5.0% from 2023 to 2033. The market's robust health is attributed to the escalating use of glycerol in a myriad of applications across various industries, such as personal care, pharmaceuticals, and food & beverages.
Enhanced consumer awareness regarding health and hygiene is fueling demand within the personal care & cosmetics industry. Glycerol, known for its hydrating properties, is a staple in products such as skin creams, shampoos, shaving creams, and soaps. The report underlines the evolution of this segment and its influential role in the market dynamics.
In the food & beverage landscape, glycerol's role as a flavor enhancer and softening agent is noted for its contribution to the industry's output. Recognized by the U.S. FDA as a caloric macronutrient, its application as a sweetener highlights the potential for growth within this domain.
The market analysis also sheds light on the sustainable and non-toxic nature of plant-based glycerol, which sets the stage for increased adoption in various applications. Compared to its counterparts, glycerol boasts a high LD50 dosage, indicating lower toxicity and enhancing its appeal, particularly in the food & beverages sector.
Key Findings from the North America Glycerol Market Report
- Raw Material Trends: The biodiesel segment is noted for commanding the highest revenue share, emphasizing the region's commitment to sustainable and naturally sourced products.
- Refinement Advancements: Refined glycerol is cited as the fastest-growing segment due to its ubiquity in personal and home care products where it serves as an emulsifying and moisturizing agent.
- Source Insights: Plant sources, particularly vegetable oils like soybean and palm oil, have dominated the market and are deemed renewable and sustainable.
- Application Dominance: The personal care & cosmetics segment maintains its position at the forefront, with a significant portion of the market's revenue attributed to the extensive use of glycerol in a variety of personal care products.
Companies Mentioned
- ADM
- BASF SE
- Cargill, Incorporated.
- CREMER OLEO GmbH & Co. KG
- Dow
- Emery Oleochemicals
- Kao Corporation
- KLK OLEO
- Oleon NV
- Procter & Gamble Chemicals
- Wilmar International Ltd
For more information about this report visit https://www.researchandmarkets.com/r/yff3qa
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
