Glycerine Market TOC
Glycerin Market size was over USD 3.84 billion in 2024 and is likely to reach USD 8.68 billion by the end of 2037, witnessing around 6.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of glycerin is assessed at USD 4.04 billion. Moreover, the market is expected to garner a value of 4,502.9 thousand tons, up from a value of 2,245.8 thousand tons. This value is projected to grow at a CAGR of 5.5%. The major factor for the growth of this sector is the rising demand for beverages and dairy products. Milk and milk products are consumed by over 6 billion people globally, most of whom reside in developing nations. As a food ingredient, glycerin is primarily used as a sweetener, thickener, and humectant.
Moreover, glycerin also has one of the major uses in tobacco and cigarettes to give it a sweet taste and produce vapor. As a consequence, with the growing consumption of tobacco and cigarettes, the market is experiencing great expansion. According to the World Health Organization, all across the world there are about 1.3 billion of population who consume tobacco products among most of them resides low- and middle-income nations.
Author Credits: Rajrani Baghel
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