Glycerol Market Share Soaring: In-Depth Analysis and Forecast 2030
Glycerol, a versatile and non-toxic substance, continues to witness increasing demand across various industries due to its wide-ranging applications. Considered Generally Recognized as Safe (GRAS) by the US Food and Drug Administration (FDA), glycerol has become a key component in the food industry, finding use as a humectant, sweetener, and solvent in a variety of products including confectionary, processed fruits, dairy, canned foods, fondants, and energy bars.
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Glycerol’s Key Highlights:
- Food Industry Growth: Glycerol’s role in preparing low-fat foods and as a thickening agent in liqueurs is expected to boost its demand in the food industry.
- Bio-Based Boom: The production of biodiesel, a biofuel, has led to an abundant supply of glycerol, a by-product of biodiesel production, making it a low-cost and non-toxic solution for various applications.
- Polyphenol Extraction: Glycerol-based Deep Eutectic Solvents (DES) have shown promise in extracting bioactive substances like alkaloids and terpenoids, opening new growth opportunities.
- Skin Health: Glycerol’s skin health promoting properties are being harnessed to create lotions and creams for treating conditions like psoriasis.
- Asia Pacific Potential: The Asia Pacific region, known for manufacturing in various industries, is expected to showcase high growth potential for glycerol usage, particularly in food, pharmaceuticals, cosmetics, and chemicals.
Companies operating in the glycerol market, including BASF SE, Cargill Incorporated, Wilmar International Ltd., and others, can anticipate a steady stream of opportunities in this dynamic and expanding sector.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/glycerol-market
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This press release first seen on Brilad