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Food Glycerin Market is expected to be worth $7.2 bn in 2032
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Wednesday, 17 April, 2024, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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The size of the Food Glycerin Market is expected to be worth $7.2 billion in 2032, growing at a CAGR of 6.1% from 2022 to 2032, According to Adroit Market Research. The Global Food-grade Glycerin Market is rapidly expanding, propelled by its versatile applications across food and beverage, pharmaceutical, personal care, and animal feed sectors. Serving as a stabilizer, humectant, and sweetener in the food industry, food-grade glycerin is witnessing heightened adoption. Increased awareness among consumers about the risks associated with synthetic additives is fueling the desire for natural and organic food items, further bolstering the market's importance.
Moreover, factors such as growing population, evolving dietary preferences, and urbanization trends are playing pivotal roles in the market's upward trajectory. The market's significance is underscored by its capacity to cater to the escalating global demand for safe and premium-quality food products.
Glycerin, also referred to as glycerol, is a versatile and benign substance extensively utilized in a variety of food and beverage applications. This clear, scentless, and thick liquid is obtained from either plant or animal fats via the hydrolysis process. It serves various crucial roles in the food sector, including functioning as a sweetening agent, a humectant for maintaining moisture levels, a solvent, and a texture booster. Regarded as safe for consumption by regulatory bodies globally, food-grade glycerin is a fundamental component in numerous food items such as pastries, dairy products, candies, drinks, and medications. Its presence enhances moisture content, refines flavor, and elevates the overall quality of the end product.
North America is anticipated to lead the global food-grade glycerin market due to various factors, including the growing demand for natural and organic ingredients in the food and beverage industry, stringent regulations ensuring food quality and safety, and the concentration of prominent food and beverage manufacturers in the region.
Extensive research indicates that the primary source of growth in the Global Food-grade Glycerin market is projected to be vegetable oils. Vegetable oils are extensively utilized in the food industry for diverse purposes, including baking, confectionery, and dairy products, due to their perceived natural and healthful qualities, setting them apart from alternative sources like biodiesel and synthetic options. Furthermore, the increasing consumer preference for plant-based and organic food items is fueling the demand for food-grade glycerin derived from vegetable oils, solidifying its dominance in the market.
The bakery is poised to take the lead in the Global Food-grade Glycerin market, driven by the essential role of food-grade glycerin in various applications within bakery products, such as maintaining freshness, improving texture, and prolonging shelf life. With a surge in the consumption of bakery items like bread, cakes, pastries, and cookies on a global scale, there is a corresponding rise in the requirement for food-grade glycerin in this. As a result, the bakery industry is expected to emerge as the key end-user of food-grade glycerin on a global scale.
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