Global Glycerol Esters Market Size, Share, and COVID-19 Impact Analysis, By Source (Plant-Based Oils, Animal Fats, and Synthetic Esters), By Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, and Industrial), By End-Use (Food Processing, Confectionery, Beverage Production, Pharmaceutical Formulation, and Textile Manufacturing), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035

Global Glycerol Esters Market Insights Forecasts to 2035

• The Global Glycerol Esters Market Size Was Estimated at USD 1.55 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.69% from 2025 to 2035
• The Worldwide Glycerol Esters Market Size is Expected to Reach USD 2.31 Billion by 2035
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Glycerol Esters Market Size Was Worth around USD 1.55 Billion in 2024 and is predicted to Grow to around USD 2.31 Billion by 2035 with a compound annual growth rate (CAGR) of 3.69% from 2025 to 2035. The increasing demand for glycerol esters in personal care and cosmetic industries, along with an increasing demand for natural and bio-based products, is driving the glycerol esters market globally.  

Market Overview

The Glycerol Esters Market Size is the industry encompassing the global trade and production of glycerol esters, which are chemical compounds formed by the esterification of glycerol with fatty acids. Glycerol esters are used as lubricants for various applications, such as engine oils, cosmetics, and plastic additives. It is created by reacting glycerol with various fatty acids to produce mono-, di-, tri-esters. Glyceryl abeitate or ester gum, which is glycerol ester of wood rosin (GEWR), is most commonly used to keep oils in suspension in water. Glycerol esters have widespread application owing to their ability to enhance flavour, texture, and shelf life. Further, an increasing need for non-petroleum product alternatives for cosmetics contributes to the glycerol ester market. New product formulations, with the increasing technological advancements, are bolstering the market growth opportunity of glycerol esters. Further, glycerol esters as green alternatives to the existing emulsifiers used across a diverse range of applications are an emerging trend in the market.

Report Coverage

This research report categorizes the glycerol esters market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the glycerol esters market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the glycerol esters market.

Driving Factors

Glycerol ester is potentially used in oil-based formulations for petroleum drilling needs as an emulsifier substitute. It is value added byproduct of the biodiesel industry. Further, it is used as a lubricant, emulsifier, and anti-static agent in engine oils, cosmetics, and plastic additives. Glycerol ester is a natural, eco-friendly glycerol ester of rosin made up of gum rosin and glycerol ester with stabilising treatment. Thus, the growing demand for natural and bio-based products is contributing to the market growth of glycerol esters.  

Restraining Factors

The limited accessibility and cost of raw material prices, especially non-GMO or organic sourced ingredients, are limiting the glycerol esters market. Further, the strict regulatory policies associated with the use of these chemicals in food and personal care products are restricting the market.

Market Segmentation

The glycerol esters market share is classified into source, application, and end-use.

• The plant-based oils segment accounted for a major market share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the source, the glycerol esters market is divided into plant-based oils, animal fats, and synthetic esters. Among these, the plant-based oils segment accounted for a major market share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. A renewable resource-derived glycerol ester offers advantages like low cost, high accessibility, and biodegradability. For instance, glycerol ester of wood rosin, an alternative to brominated vegetable oil in citrus oil-flavored soft drinks, refined wood rosin is reacted with glycerine to produce glycerol ester.

• The food & beverages segment held the dominant market share in 2024 and is projected to grow at a substantial CAGR during the forecast period.

Based on the application, the glycerol esters market is divided into food & beverages, personal care & cosmetics, pharmaceuticals, and industrial. Among these, the food & beverages segment held the dominant market share in 2024 and is projected to grow at a substantial CAGR during the forecast period. Glycerol ester is used as an emulsifier, stabilizer, and clouding agent in food & beverages, aiding in keeping the ingredients such as flavour oils evenly distributed, preventing separation. It also aids in improving the texture and stability of products like soft drinks, chewing gums, and ice cream.

• The food processing segment accounted for a dominant market revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the end-use, the glycerol esters market is divided into food processing, confectionery, beverage production, pharmaceutical formulation, and textile manufacturing. Among these, the food processing segment accounted for a dominant market revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Glycerol esters, including glycerol monostearate and glycerol ester of wood rosin, are used in processing to improve the quality and shelf life of food products, including baked goods, confectionery, dairy products, and beverages.

Regional Segment Analysis of the Glycerol Esters Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the glycerol esters market over the predicted timeframe.

North America is anticipated to hold the largest share of the glycerol esters market over the predicted timeframe. The extensive application of glycerol esters in cosmetic formulations and personal care products is driving the market growth. Further, the use of glycerol ester as an emulsifier in the production of low-fat spreads like frozen desserts and peanut butter is propelling the market.   

Asia Pacific is expected to grow at a rapid CAGR in the Glycerol Esters market during the forecast period. The growing demand for glycerol esters, especially in the food and personal care industry, is driving the market demand. Further, its use in construction, transportation, and pharmaceutical industries propels the market.  

Europe is anticipated to hold a significant share of the glycerol esters market during the predicted timeframe. With the increasing investment in R&D activities, the development of new innovative products is contributing to driving the market growth of glycerol esters.  Regions’ significant need for biofuels and rising biodiesel production are driving the glycerol esters market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the glycerol esters market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Adani Wilmar
• Mitsubishi Chemical Corporation
• Stepan Company
• Evonik Industries
• Emery Oleochemicals
• KLK Oleo
• Guangdong Guanghua BioChem Technology
• Kao Corporation
• Innospec
• Croda International
• Cargill
• Wilmar International
• Dow
• Vantage Specialty Chemicals
• Godrej Consumer Products
• 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 2020 to 2035. Spherical Insights has segmented the glycerol esters market based on the below-mentioned segments: 

Global Glycerol Esters Market, By Source

• Plant-Based Oils
• Animal Fats
• Synthetic Esters

Global Glycerol Esters Market, By Application

• Food & Beverages
• Personal Care & Cosmetics
• Pharmaceuticals
• Industrial

Global Glycerol Esters Market, By End-Use

• Food Processing
• Confectionery
• Beverage Production
• Pharmaceutical Formulation
• Textile Manufacturing

Global Glycerol Esters Market, By Regional Analysis

• 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