Vegetable Glycerin Market Value Share, Supply Demand, share and Value Chain 2016-2026
Vegetable glycerin is natural product extracted from vegetable oil by heating oil at a very high temperature under water pressure. It is produced from palm oil, soy, coconut/ palm oil and others. In terms of taste and color, vegetable glycerin is odorless, colorless and has a sweet flavor. Primary demand for vegetable glycerin is in food and beverage, personal care products and medicines. In food and beverage industry, vegetable glycerin is used as a sugar substitute or sweetener and in personal care and cosmetic products, it is often used in skin care products to make skin moist and healthy. North America and Western Europe are expected to gain largest market share in terms of value and volume during the forecast period. Global Vegetable Glycerin Market: Market Drivers Some of the key drivers which are influencing the demand for vegetable glycerin are from the food and beverage manufacturers as it helps to thicken and control the moisture level in food. The majority demand for vegetable glycerin is from processed food manufacturers in which it is added as a humectant and used for preservative purpose. It is also gaining its demand from dairy and confectionery manufacturers where it is primarily used as sweetener. Demand for vegetable glycerin in personal care manufacturers and pharmaceutical industry is also increasing as it often used in moisturizing skin care products. In the global market, demand for vegetable glycerin is also driving due to increasing number of health conscious consumers as in compare to sugar, vegetable glycerin is less sweetens than sugar. Moreover, it is also preferred by consumers seeking for food and beverages with the lower amount of carbohydrates.
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