Glycerin Market Outlook:
Glycerin Market size was over USD 3.13 billion in 2025 and is anticipated to cross USD 5.35 billion by 2035, growing at more than 5.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of glycerin is estimated at USD 3.28 billion.
The market growth is driven by 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.
