Glycerin Market Segmentation:
Source Segment Analysis
The vegetable oils segment is poised to grow at substantial CAGR over the forecast period, propelled by increasing use of vegetable oil glycerin. Vegetable fats that contain triglycerides, such as soybean, coconut, or palm oils, undergo heating under pressure with an alkaline catalyst and water in a process known as hydrolysis to produce vegetable glycerin. The glycerin separates from the fatty acids as a result of hydrolysis and mixes with the water. Moreover, vegetable oil glycerin can potentially be of slightly better quality considering the usually lower impurity levels seen in vegetable oils compared to animal fats.
Grade Segment Analysis
Glycerin market from the USP grade segment is anticipated to generate the highest revenue by the end of 2035. This could be owing to growing use of glycerin in food products and medicines. Pharmaceutical grade is a very high purity grade of chemical or solvent that is safe to be used in many pharmaceutical and personal care products, chemicals must meet strict potency and purity requirements specified by the USP or US Pharmacopoeia. Therefore, this grade is estimated to be necessary for the growth of any food or pharmaceutical products that contain glycerin.
Our in-depth analysis of the global market includes the following segments:
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