Global Food Grade Glycerin Market - Growth, Trends and Forecasts (2018 - 2023)
|出版商||Mordor Intelligence LLP||商品編碼||572843|
|出版日期||內容資訊||英文 120 Pages
|全球食品等級甘油市場:成長，趨勢及預測(2017年∼2022年) Global Food Grade Glycerin Market - Growth, Trends and Forecasts (2018 - 2023)|
|出版日期: 2018年03月01日||內容資訊: 英文 120 Pages||
The global food grade glycerin market size was estimated to be USD 3.1 billion in 2017 and is anticipated to grow at a CAGR of 6.2% from 2017 to 2023 (forecast period). Food grade glycerin has high applications in various consumer products due to it's functionally and nutritive benefits. In the food and beverage industry it has applications such as food preservatives, sweeteners and also as a humectant.
Lifestyle changes expected to boost the market for Food Grade Glycerin
Food grade glycerin has high applications in the foods & beverage industry as a low-calorie source of lecithin because of its extensive functional benefits. It helps in reducing the viscosity, replaces more expensive ingredients, controls sugar crystallization, helps in the homogeneous mixing of ingredients and most importantly improves shelf life of products. The increasing number of diabetic patients globally is expected to further push manufacture of food products for the usage of glycerin.
Biodiesel Segment is expected to witness a high growth rate during the forecast period
The global glycerin market is segmented on the basis of source into vegetable oils, biodiesel, soaps, synthetic and others. The growing interest in biodiesel fuel from renewable sources of vegetable oil, waste cooking oil and beef tallow has created a market glut of food grade glycerin. Menthol is added to the oil/fat source to produce Biodiesel. The fatty acid portion of the molecule is esterified to biodiesel, and glycerin is produced as a byproduct. Crude glycerin is distilled and purified to a possible 99.5 percent purity with ion exchange resins. The glycerin produced is suitable for food, personal care, cosmetics, pharmaceuticals, and other specialty applications.
Asia-Pacific region Continues to Dominate the Global Food Grade Glycerin Market
Asia-Pacific accounted for the significant share in the global food grade glycerin market in 2017, further it is estimated to be the leading market for glycerin growing at a CAGR of over 7.8% during the forecast period. Europe also has significant market share owing to the high demand for high demand for glycerin in the pharmaceuticals, food & beverages, and personal care sector.
MAJOR PLAYERS: EMERY OLEOCHEMICALS, IOI OLEOCHEMICALS, WILMAR INTERNATIONAL LTD., KUALA LUMPUR KEPONG BERHAD, GODREJ INDUSTRIES, CRODA INTERNATIONAL PLC, CARGILL INCORPORATED, P&G CHEMICALS, KAO CORPORATION, AVRIL GROUP, THE DOW CHEMICAL COMPANY (OLIN CORPORATION), CREMER OLEO GMBH & CO. and KG, amongst others.
May 2015: Kuala Lumpur Kepong Bhd (KLK) is buying Emery Oleochemicals GmbH's oleochemicals assets and business in Dusseldorf, Germany for 40.5 million euros.
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