Vegetable Refined Glycerine Market size was valued at USD 1.5 Billion in 2024 and is forecasted to grow at a CAGR of 7.5% from 2026 to 2033, reaching USD 2.8 Billion by 2033.
In 2022, the global vegetable refined glycerine market was valued at approximately USD 1.2 billion. The Asia Pacific region dominated the market, accounting for around 37% of the global share, driven by substantial demand from industries such as personal care, pharmaceuticals, and food processing. North America and Europe followed, with market shares of approximately 28% and 25%, respectively, attributed to the increasing adoption of plant based ingredients in various applications. The remaining 10% was distributed among other regions, including Latin America and the Middle East, where the market is gradually gaining traction.
The market is projected to reach USD 2.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2030. This growth is fueled by the rising demand for natural and sustainable products across multiple industries. Asia Pacific is expected to maintain its leading position, with significant contributions from countries like China and India due to their expanding industrial sectors. North America and Europe are also anticipated to experience steady growth, supported by technological advancements and a growing preference for bio based products. Emerging markets in Latin America and the Middle East present new opportunities, as increasing awareness and economic development drive the adoption of vegetable refined glycerine in these regions.
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P&G Chemicals
KLK OLEO
Wilmar International
Cargill
Vance Bioenergy
Kao Corporation
Musim Mas
Avril Group
Jocil Limited
Thai Glycerine Co.
Ltd.
VVF Ltd.
Godrej Industries
Twin Rivers Technology
Pacific Oleochemicals
Spiga Nord
Yangzhou Feiyang Chemical Industry Co.
Ltd
Changshun Glycerol Products Co.
Ltd
Fortune
One Blue NEW Material
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. 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 Vegetable Refined Glycerine Market
Food and Beverage
Personal Care and Cosmetics
Pharmaceuticals
Agrochemicals
Industrial Applications
Low Concentration (up to 80% purity)
Medium Concentration (80%-90% purity)
High Concentration (above 90% purity)
Food Industry
Cosmetics and Personal Care Industry
Pharmaceutical Industry
Biofuels Industry
Industrial Manufacturing
Liquid Formulations
Solid Formulations
Gel Formulations
Vegetable Sources (e.g., Palm, Soybean, Sunflower)
Animal Sources (Traditional counterparts, for comparative analysis)
US (United States, US 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 Vegetable Refined Glycerine 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 Vegetable Refined Glycerine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vegetable Refined Glycerine Market, By Type
6. Global Vegetable Refined Glycerine Market, By Application
7. Global Vegetable Refined Glycerine Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Vegetable Refined Glycerine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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