Pharmaceutical Grade Glycerin Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The pharmaceutical grade glycerin market from 2018 to 2022 saw substantial growth, particularly in regions like North America and Europe, where demand for high-quality, non-toxic glycerin soared. This was mainly driven by an uptick in the production of oral and topical pharmaceutical products that relied heavily on glycerin as a humectant, solvent, and emulsifier. The global market for pharmaceutical grade glycerin in these years was impacted by several key trends including advances in the biopharmaceutical sector, an increased emphasis on manufacturing compliant with Good Manufacturing Practices (GMP), and the surge in demand for personal care products that also require pharmaceutical grade glycerin.
The 2023-2033 period holds even more promise for the pharmaceutical grade glycerin market as demand is expected to rise sharply. This is largely due to the growing biopharmaceutical sector, where glycerin is used in a wide array of injectable and oral formulations. Furthermore, as the number of aging populations rises, there is greater demand for glycerin in products aimed at improving skin hydration and preventing skin diseases. Additionally, new developments in glycerin manufacturing technologies are expected to lower production costs, making it more accessible for pharmaceutical companies around the globe.
Market projections indicate that Asia Pacific will become a major hub for pharmaceutical glycerin manufacturing and consumption, as demand from emerging economies continues to grow. The region's expanding pharmaceutical industry, coupled with increasing awareness of product safety and quality, will drive the demand for pharmaceutical grade glycerin. With these shifts, stakeholders in the market will need to stay adaptable, responding to the evolving needs of the healthcare sector, environmental regulations, and consumer expectations for sustainable and high-quality glycerin.
Get an In-Depth Research Analysis of the Global Pharmaceutical Grade Glycerin Market Size And Forecast [2025-2032]
As the global pharmaceutical industry grows, the demand for pharmaceutical grade glycerin has steadily increased from 2018 to 2022. Pharmaceutical grade glycerin, a key ingredient in many formulations, plays a critical role in drug production, skincare, and other medical applications. The market outlook during this period has witnessed significant shifts due to varying demand factors such as regulatory changes, growing healthcare needs, and the increasing number of drug formulations requiring glycerin. However, the 2023-2033 period is expected to bring a new wave of demand driven by evolving pharmaceutical technologies, increasing awareness about health, and a stronger focus on biopharmaceuticals.
P&G Chemicals
Emery Oleochemicals
Cargill
Archer Daniels Midland
Vantage Oleochemicals
VVF
PMC Biogenix
Twin Rivers Technologies
LDCAI
Peter Cremer North America
Owensboro Grain
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Pharmaceutical Grade Glycerin Market
Pharmaceutical
Cosmetics
Toothpaste
Other
Based on Types the Market is categorized into Below types that held the largest Pharmaceutical Grade Glycerin market share In 2023.
≥99.5%
＜99.5%
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Pharmaceutical Grade Glycerin Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Pharmaceutical Grade Glycerin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pharmaceutical Grade Glycerin Market, By Type
6. Global Pharmaceutical Grade Glycerin Market, By Application
7. Global Pharmaceutical Grade Glycerin Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Pharmaceutical Grade Glycerin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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