Global Glycerol Derivatives Market Size To Exceed USD 28.0 Billion By 2033: Industry Report

Global Glycerol Derivatives Market Size To Exceed USD 28.0 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global Glycerol Derivatives Market Size is Expected to Grow from USD 15.23 Billion in 2023 to USD 28.0 Billion by 2033, at a CAGR of 6.28% during the forecast period 2023-2033.                           

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Glycerol Derivatives Market Size, Share, and COVID-19 Impact Analysis, By Grade (Bio-Based and Petroleum-Based), By Product (4-(Hydroxymethyl)-1 3-Dioxolan-2-One and Polyglycerol), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

The glycerol derivatives market refers to the global industry focused on the production, distribution, and utilization of galacto-oligosaccharides, a type of prebiotic fiber composed of galactose units. GOS is commonly derived from lactose and is used to promote gut health by stimulating beneficial gut bacteria. It is often found in infant formula, dairy products, functional foods, and dietary supplements. Moreover, the Glycerol Derivatives market is driven by increasing consumer awareness of gut health and the growing demand for prebiotics in functional foods, infant formulas, and dietary supplements. Additionally, the rising adoption of GOS in health-conscious products and the expanding focus on digestive wellness contribute significantly to market growth. However, the glycerol derivatives market faces challenges such as high production costs, limited raw material availability, and price volatility. Additionally, regulatory hurdles and competition from synthetic alternatives may hinder market growth.  

The bio-based segment accounted for the largest share of the global glycerol derivatives market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on grade, the global glycerol derivatives market is divided into bio-based and petroleum-based. Among these, the bio-based segment accounted for the largest share of the global glycerol derivatives market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Increasing consumer preference for sustainable and eco-friendly products, coupled with the rising demand for bio-based chemicals in food, pharmaceuticals, and cosmetics, drives the growth of bio-based glycerol derivatives, outpacing petroleum-based alternatives.  

The polyglycerol segment accounted for a substantial share of the global glycerol derivatives market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the product, the global glycerol derivatives market is divided into 4-(hydroxymethyl)-1 3-dioxolan-2-one and polyglycerol. Among these, the polyglycerol segment accounted for a substantial share of the global glycerol derivatives market in 2023 and is anticipated to grow rapidly during the projected period.  It is widely used in the food, cosmetics, and pharmaceutical industries for its emulsifying, moisturizing, and stabilizing properties. Polyglycerol's growing demand for natural and clean-label products further supports its prominent market position.  

Asia Pacific is projected to hold the largest share of the global glycerol derivatives market over the projected period. 

Asia Pacific is projected to hold the largest share of the global glycerol derivatives market over the projected period. The region's growth is driven by increasing demand in the food, pharmaceutical, and cosmetic industries, particularly in China and India. Additionally, the expanding manufacturing capabilities and focus on sustainable products further fuel the market's expansion in this region.

North America is expected to grow at the fastest CAGR of the global glycerol derivatives market during the projected period. The growth is attributed to rising demand for bio-based chemicals in the food, cosmetics, and pharmaceutical industries, alongside a strong focus on sustainability and eco-friendly products. The U.S. leads in driving innovation and market adoption.

Company Profiling 

Major vendors in the global glycerol derivatives market are Solvay, Stepan Company, Cargill, Incorporated, Spiga Nord S.p.A., Shell Chemical Lp, Haihang Industry Co., Ltd, Croda International Plc, Primient Covation LLC, Sakamoto Yakuhin Kogyo Co., Ltd., Zhangjiagang Glory Biomaterial Co., Ltd., DuPont, thyssenkrupp AG, Tokyo Chemical Industry Co., Ltd., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global glycerol derivatives market based on the below-mentioned segments:

Global Glycerol Derivatives Market, By Grade

• Bio-Based
• Petroleum-Based

Global Glycerol Derivatives Market, By Product

• 4-(Hydroxymethyl)-1 3-Dioxolan-2-One
• Polyglycerol

Global Glycerol Derivatives Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa