# USP Grade Glycerin Market > USP Grade Glycerin Market Research Report Information by End Users (Personal Care & Cosmetics, Food & Beverage, Pharmaceuticals & Healthcare, Chemical & Industrial, Others), and Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) - Forecast till 2035 - **Forecast Period:** 2025 - 2035 - **CAGR:** 5.4% - **2024:** $ 1,098.56 Million - **2025:** $ 1,155.64 Million - **2035:** $ 1,955.14 Million - **Key Players:** Vance Group, Godrej Industries, KLK OLEO, Wilmar International, Olivia Oleo, IOI Corporation, Louis Dreyfus Company, Kao Corporation, Sakamoto Yakuhin Kogyo, and PT Musim Mas and others. **Report ID:** MRFR/CnM/59625-CR · **Pages:** 111 · **Author:** Chitranshi Jaiswal · **Last Updated:** May 14, 2026 **URL:** https://www.marketresearchfuture.com/reports/usp-grade-glycerin-market-61437 --- ## Market Summary ## **Global USP Grade Glycerin Market Overview** The USP Grade Glycerin Market was valued at USD 1.09 Billion in 2024. The USP Grade Glycerin Market industry is projected to grow from USD 1.15 Billion in 2025 to USD 1.95 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.4% during the forecast period (2025-2035). The growth of personal care and cosmetic industry and increasing demand in pharmaceuticals are driving the growth of the USP Grade Glycerin Market. As per the Analyst at MRFR, the Global USP Grade Glycerin (99.7%) Market is experiencing significant growth, driven by several key factors. First, the increasing demand for personal care and household cleaning products is a major driver. As consumers become more aware of hygiene and cleanliness, there is a rising need for detergents, soaps, shampoos, and other cleaning agents.  The demand for eco-friendly, biodegradable, and sustainable products is also boosting the market, as consumers and manufacturers are shifting toward green alternatives to traditional petrochemical-based USP Grade Glycerin (99.7%). This shift is spurred by growing environmental awareness, stricter regulations on chemical usage, and the push for sustainable practices across industries. Moreover, the growth of the cosmetics and pharmaceutical sectors is fueling the demand for USP Grade Glycerin (99.7%), as these industries rely on USP Grade Glycerin (99.7%) for emulsifying, stabilizing, and enhancing the performance of creams, lotions, and medicinal formulations.  **FIGURE 1: USP GRADE GLYCERIN MARKET VALUE (2019-2035) USD BILLION** ** Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review** ## **USP Grade Glycerin Market****Opportunity** ### **EMERGING APPLICATIONS IN CHEMICAL & INDUSTRIAL SECTOR** USP-grade glycerin (99.7%) is increasingly valued in industrial manufacturing for its role as a plasticizer and humectant, driven by its non-toxic nature, compatibility with other materials, and regulatory acceptance in sensitive applications. In the plastics and rubber industry, it improves mechanical properties such as flexibility, elasticity, and resistance to cracking. It works particularly well in biodegradable plastics and bio-based polymers, aligning with global sustainability goals.  In rubber manufacturing, glycerin is used to improve the processing of compounds by softening polymers and enhancing their flow properties during vulcanization. As a humectant, it plays a key role in preventing moisture loss in various industrial formulations. This property is especially critical in adhesives, sealants, and cementitious coatings where maintaining hydration is essential for performance and shelf-life.  Moreover, glycerin is valued in industrial cleaning products, agrochemicals, and antifreeze formulations for its moisture-retention capacity, which helps stabilize the physical structure of formulations. With environmental regulations tightening around the use of petrochemical-derived additives, glycerin's biodegradability and low environmental impact make it a favorable choice for manufacturers seeking to improve their environmental compliance and product safety. ## **USP Grade Glycerin Market****Segment Insights** ### **USP Grade Glycerin****by End Users Insights** Based on End Users, the Global USP Grade Glycerin (99.7%) Market is Segmented into Personal Care & Cosmetics, Food & Beverage, Pharmaceuticals & Healthcare, Chemical & Industrial, Others. The Personal Care & Cosmetics segment dominated the global market in 2024, while the [Pharmaceuticals](../../../reports/pharmaceutical-grade-silica-gel-market-30832) & Healthcare segment is projected to be the fastest–growing segment during the forecast period. The personal care and cosmetics sector represents one of the most prominent application areas for USP Grade Glycerin (99.7%), owing to its exceptional humectant, emollient, and solvent properties.  As a naturally derived, non-toxic, and hypoallergenic compound, glycerin is extensively used in skin care, hair care, oral care, and cosmetic formulations. Its primary role in this segment is to retain moisture, improve product texture, enhance the shelf life of formulations, and support the delivery of active ingredients. USP Grade Glycerin, with its high purity and safety certification, is preferred for sensitive skin applications and is frequently included in moisturizers, face creams, cleansers, shampoos, toothpaste, and lip balms. Rising consumer preference for clean-label, plant-based, and cruelty-free ingredients has boosted the demand for vegetable-derived glycerin. **FIGURE 2: USP GRADE GLYCERIN MARKET SHARE BY END USERS 2024 AND 2035 (USD BILLION)** Source: Secondary Research, Primary Research, MRFR Database and Analyst Review ### **USP Grade Glycerin****Regional Insights** Based on the Region, the global USP Grade Glycerin is segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. The Asia Pacific dominated the global market in 2024, while the Middle East & Africa is projected to be the fastest–growing segment during the forecast period. Major demand factors driving the Asia Pacific market are that APAC is the largest and fastest-growing region in the USP Grade Glycerin Market, with a dominant production and consumption base. Countries like China, India, Indonesia, Malaysia, and Thailand are both leading producers and consumers.  The region benefits from abundant feedstock availability—particularly palm oil in Malaysia and Indonesia, and soy oil in China and India. A major portion of the world’s crude glycerol supply originates here, and a significant share is refined to USP standards for both domestic and export markets. Industrial growth, rising disposable incomes, and expanding urbanization are driving demand for [glycerin](../../../reports/glycerin-market-2392) in skincare, oral care, and pharmaceuticals.  Additionally, India and China are rapidly expanding their drug manufacturing bases, where glycerin is used as a solvent, capsule base, and excipient. Despite the market's scale, challenges persist in terms of ensuring consistent product quality, traceability, and compliance with global standards. Environmental scrutiny over palm cultivation and growing ESG pressure have started shifting some sourcing toward sustainable palm or alternative oils. Moreover, local players face competitive pressure from multinational refiners and integrated oleochemical giants. Nonetheless, APAC remains the core driver of both volume and cost competitiveness in the global glycerin market. **FIGURE 3: USP GRADE GLYCERIN MARKET VALUE BY REGION 2024 AND 2035 (USD BILLION)** Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review Further, the countries considered in the scope of the Application Tracking System Market are the US, Canada, Mexico, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC, Brazil, Argentina, Rest of South America, GCC Countries, South Africa, Rest of Middle East & Africa and others. ## **Global USP Grade Glycerin Key Market Players & Competitive Insights** Many global, regional, and local vendors characterize the USP Grade Glycerin Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market. The major competitors in the market are Cargill Inc, Emery Oleochemical, P&G Chemicals, Twin Rivers Technologies, Inc, Vantage Specialty Chemicals, Archer Daniels Midland, PMC BIOGENIX, Inc, Vance Group Ltd, Godrej Industries Limited, KLK Oleo, Wilmar International Limited, Olivia Oleo Pte Ltd, IOI Corporation BERHAD, Louis Dreyfus Company, Kao Corporation, Sakamoto YAKUHIN Kogyo Co. Ltd, Pt Musim Mas are among others. The USP Grade Glycerin Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness. ### **Key Companies in the****USP Grade Glycerin Market****include** - Cargill Inc - Emery Oleochemical - P&G Chemicals - Twin Rivers Technologies, Inc - Vantage Specialty Chemicals - Archer Daniels Midland - PMC BIOGENIX, Inc - [Vance Group Ltd](https://www.vancegroupltd.com/) - Godrej Industries Limited - KLK Oleo - Wilmar International Limited - Olivia Oleo Pte Ltd - IOI Corporation BERHAD - Louis Dreyfus Company - Kao Corporation - Sakamoto YAKUHIN Kogyo Co. Ltd - Pt Musim Mas ### **USP Grade Glycerin Market****Industry Developments** **2024:** Godrej made strategic acquisitions, such as the Savannah Surfactants business in 2024, which enabled them to expand their specialty chemicals portfolio, including emulsifiers and other glycerin-based derivatives. These acquisitions directly supported their aim to scale up their production of USP Grade glycerin and other essential chemical ingredients. **April 2023:** KLK OLEO expanded its product offering by acquiring Temix Oleo, an Italy-based company specializing in oleochemicals. This acquisition enhances KLK OLEO's capabilities in producing specialty chemicals, including glycerin derivatives, and strengthens its position in the global market. **October 2021:** IOI Corporation Berhad announced the construction of a new 110,000 metric ton per year oleochemical plant located in Prai, Penang. This facility is designed to produce palm and palm kernel-based fatty acids and glycerine, which are essential raw materials for personal care and cosmetic products. The plant's construction was expected to be completed by the second quarter of 2022, aiming to bolster IOI's capacity to supply high-purity glycerin to various industries. **2019:** The Wilfarin USP-997 glycerin product from Wilmar International Limited was introduced in 2019. This refined glycerin, with a minimum purity of 99.7%, is designed for applications in pharmaceuticals, food, and personal care industries. It complies with international standards such as USP, EP, and BP, ensuring quality and safety for various uses. ## **USP Grade Glycerin Market****Segmentation** ### **USP Grade Glycerin by End Users Outlook** - Personal Care & Cosmetics - Food & Beverage - Pharmaceuticals & Healthcare - Chemical & Industrial - Others ### **USP Grade Glycerin****Regional Outlook** - North America - US - Canada - Mexico - Europe - Germany - UK - France - Russia - Italy - Spain - Rest of Europe - Asia-Pacific - China - India - Japan - South Korea - Malaysia - Thailand - Indonesia - Rest of APAC - South America - Brazil - Argentina - Rest of South America - Middle East & Africa - GCC Countries - South Africa - Rest of MEA ## Market Drivers ### Growth of Personal Care & Cosmetic Industry The global surge in personal care consumption is one of the key drivers for the growth of the USP Grade [Glycerin](https://www.marketresearchfuture.com/reports/glycerin-market-2392) (99.7%) market. According to projections, the global Beauty & Personal Care market is set to generate US$677.19 billion by 2025, expanding at an annual growth rate of 3.37% (CAGR 2025–2030). Personal Care is the largest segment, contributing approximately US$293.08 billion in 2025, reinforcing its dominance in the industry. The United States is expected to lead in global revenue generation, with US$105 billion in 2025, while the per capita revenue is estimated at US$86.68 for the same year. The demand for hydration and skincare-focused products continues to increase due to consumer awareness about skin health, further bolstered by the growing appeal of "clean beauty" trends and natural ingredients.  As the skin care segment, in particular, grows at 6% from 2022 to 2027, USP Grade Glycerin is increasingly relied upon for its proven ability to moisturize and hydrate. Glycerin’s humectant properties allow it to draw moisture from the air and bind it to the skin, making it indispensable in facial moisturizers, body lotions, and serums. Furthermore, glycerin’s mildness and effectiveness make it suitable for all skin types, including sensitive and acne-prone skin, a consideration driving its widespread use in the development of new products. On platforms like Amazon, Skincare leads in sales, with 32% of Q2 2024’s top-selling beauty products falling into this category. With consumer interest shifting toward products that offer both functionality and safety, glycerin’s application in personal care products is poised for sustained growth, with YoY growth in skincare recorded at 8% between 2015–2019, 5% between 2019–2022, and projected 6% between 2022–2027. ## Future Outlook USP Grade Glycerin (99.7%) Market is projected to grow at a 5.4% CAGR from 2025 to 2035, driven by growing geriatric population and technological advancements. **New opportunities:** - Expansion in Food & Beverage Applications By 2035, the USP Grade Glycerin Market is expected to achieve robust growth and increased market share. ## Segment Insights ### By End Users: Personal Care & Cosmetics (Largest) vs. Pharmaceuticals & Healthcare (Fastest-Growing) In the USP Grade Glycerin Market, the end-user segment distribution shows that Personal Care & Cosmetics holds the largest share, attributed to the rising consumer demand for natural and organic [cosmetic products](https://www.marketresearchfuture.com/reports/cosmetic-products-market-3168). This segment benefits from glycerin's moisturizing properties, making it a staple in creams, lotions, and serums. Following closely is the Pharmaceuticals & Healthcare segment, which is experiencing rapid growth due to the increasing usage of glycerin in medicinal formulations and as a humectant in dietary supplements, converging on the health-conscious consumer trend. Personal Care & Cosmetics (Dominant) vs. Pharmaceuticals & Healthcare (Emerging) The Personal Care & Cosmetics segment is recognized as the dominant player in the USP Grade Glycerin Market, driven by an upsurge in consumers seeking beauty products with natural ingredients. Glycerin's effectiveness as a moisturizer and skin protector solidifies its prominence in various formulations. Conversely, the Pharmaceuticals & Healthcare segment is emerging robustly, fueled by innovations in drug delivery systems and an uptick in the formulation of health products leveraging glycerin's beneficial properties. This segment is utilizing glycerin's efficacy to enhance the texture and stability of medications, thereby catering to a growing patient base keen on quality healthcare products. ## Regional Market Share Analysis **North America: Growth Consumption production** North America’s USP Grade Glycerin market is characterized by high regulatory compliance, robust industrial infrastructure, and diversified end-use demand. The U.S. leads the region, driven by strong consumption across pharmaceuticals, personal care, and processed food sectors. The presence of major personal care manufacturers (e.g., Procter & Gamble, Johnson & Johnson) ensures steady domestic demand. Stringent regulations enforced by the U.S. Food and Drug Administration (FDA) and United States Pharmacopeia (USP) ensure that only high-purity glycerin (≥99.7%) is used in ingestible and topical formulations. North America also serves as an innovation hub, with R&D investments targeting biocompatible ingredients, low-carbon oleochemicals, and organic-certified formulations. Vegetable-based glycerin is increasingly preferred due to consumer demand for clean-label, allergen-free, and sustainable products. **Europe: Emerging sustainable sourcing activities** Europe’s USP Grade Glycerin market is defined by regulatory stringency, sustainable sourcing practices, and a strong [biodiesel](https://www.marketresearchfuture.com/reports/biodiesel-market-1521)-derived glycerin infrastructure. Countries such as Germany, France, the Netherlands, and the UK dominate demand due to their advanced pharmaceutical and cosmetic sectors. The EU’s REACH and ECHA regulations, alongside the British and European Pharmacopoeia (BP/Ph. Eur.) guidelines, dictate glycerin quality requirements, making Europe a benchmark region for safety and compliance. Europe benefits from its large biodiesel industry, which generates significant volumes of crude glycerol as a by-product. This supply is refined by regional players into USP-grade material. **Asia-Pacific: Rapidly Growing Glycerin Sector** APAC is the largest and fastest-growing region in the global USP Grade Glycerin market, with a dominant production and consumption base. Countries like China, India, Indonesia, Malaysia, and Thailand are both leading producers and consumers. The region benefits from abundant feedstock availability—particularly palm oil in Malaysia and Indonesia, and soy oil in China and India. A major portion of the world’s crude glycerol supply originates here, and a significant share is refined to USP standards for both domestic and export markets. Industrial growth, rising disposable incomes, and expanding urbanization are driving demand for glycerin in skincare, oral care, and pharmaceuticals. **Middle East and Africa: Emerging Glycerin Frontier** The MEA region holds the smallest share in the global USP Grade Glycerin market but is poised for growth. In the Middle East, particularly in Gulf Cooperation Council (GCC) countries, there is increasing demand for pharmaceutical-grade and cosmetic-grade ingredients due to the rise of wellness tourism, cosmetic surgery, and premium personal care brands. Africa’s demand is gradually rising, supported by population growth, urbanization, and expanding healthcare infrastructure. Most glycerin in MEA is imported from Asia and Europe due to limited regional manufacturing. As international players expand in Africa and the Middle East to tap into untapped markets, MEA could evolve into a strategic downstream consumption hub, especially with rising interest in halal, vegan, and eco-friendly formulations. **South America: Rapidly growth of USP grade** South America represents a growing yet underutilized market for USP Grade Glycerin, primarily led by Brazil and Argentina. Brazil, being one of the world’s largest soybean and biodiesel producers, generates vast quantities of crude glycerol. This makes it a key source of USP-grade refined glycerin for both regional and global markets. Domestic demand is supported by increasing penetration of personal care products and processed foods, while pharmaceutical and nutraceutical applications are also expanding due to government initiatives and better healthcare access. However, the market remains highly export-oriented, with a significant portion of refined glycerin shipped to North America and Europe. Challenges include infrastructure constraints, inadequate downstream refining capacity in some areas, and limited regulatory harmonization with global pharmacopeia standards. ## Competitive Benchmarking Many global, regional, and local vendors characterize the USP Grade Glycerin (99.7%) Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market. The major players in the market include Vance Group, Godrej Industries, KLK OLEO, Wilmar International, Olivia Oleo, IOI Corporation, Louis Dreyfus Company, Kao Corporation, Sakamoto Yakuhin Kogyo, and PT Musim Mas and others. ## Recent News & Developments **In 2022,**Sakamoto Yakuhin Kogyo expanded its production capabilities by starting operations at a new plant dedicated to glycerin production. This facility has a production capacity of approximately 20,000 tons per year, enhancing the company's ability to meet the growing demand for high-quality glycerin in various industries. ## Report Scope | Market Size 2024 | 1,098.56 (USD Million) | | --- | --- | | Market Size 2025 | 1,155.64 (USD Million) | | Market Size 2035 | 1,955.14 (USD Million) | | Compound Annual Growth Rate (CAGR) | 5.4% (2025 - 2035) | | Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends | | Base Year | 2024 | | Market Forecast Period | 2025 - 2035 | | Historical Data | 2019 - 2023 | | Market Forecast Units | USD Million | | Key Companies Profiled | Vance Group, Godrej Industries, KLK OLEO, Wilmar International, Olivia Oleo, IOI Corporation, Louis Dreyfus Company, Kao Corporation, Sakamoto Yakuhin Kogyo, and PT Musim Mas and others | | Segments Covered | By End-Users | | Key Market Opportunities | ·         Expansion in Food & Beverage Applications | | Key Market Dynamics | ·         Growth of Personal Care & Cosmetics Industry | | Region Covered | North America, Europe, Asia-Pacific, South America, Middle East & Africa. |   ## Frequently Asked Questions **Q: What is the current market valuation of the USP Grade Glycerin Market?** A: The market valuation of the USP Grade Glycerin Market was 1.09 USD Billion in 2024. **Q: What is the projected market valuation for the USP Grade Glycerin Market by 2035?** A: The projected market valuation for the USP Grade Glycerin Market is 1.944 USD Billion by 2035. **Q: What is the expected CAGR for the USP Grade Glycerin Market during the forecast period 2025 - 2035?** A: The expected CAGR for the USP Grade Glycerin Market during the forecast period 2025 - 2035 is 5.4%. **Q: Which segments are included in the USP Grade Glycerin Market analysis?** A: The segments in the USP Grade Glycerin Market include Personal Care & Cosmetics, Food & Beverage, Pharmaceuticals & Healthcare, Chemical & Industrial, and Others. **Q: What was the valuation of the Pharmaceuticals & Healthcare segment in 2024?** A: The valuation of the Pharmaceuticals & Healthcare segment was 0.35 USD Billion in 2024. **Q: How much is the Personal Care & Cosmetics segment projected to grow by 2035?** A: The Personal Care & Cosmetics segment is projected to grow from 0.25 USD Billion in 2024 to 0.45 USD Billion by 2035. **Q: Who are the key players in the USP Grade Glycerin Market?** A: Key players in the USP Grade Glycerin Market include BASF SE, Cargill, Incorporated, Dow Chemical Company, and Kraton Corporation. **Q: What is the projected valuation for the Food & Beverage segment by 2035?** A: The Food & Beverage segment is projected to grow from 0.2 USD Billion in 2024 to 0.35 USD Billion by 2035. **Q: What is the expected growth trend for the Chemical & Industrial segment?** A: The Chemical & Industrial segment is expected to grow from 0.15 USD Billion in 2024 to 0.3 USD Billion by 2035. **Q: How does the market performance of USP Grade Glycerin compare across different segments?** A: The market performance indicates that Pharmaceuticals & Healthcare shows the highest growth potential, with a valuation increase from 0.35 USD Billion in 2024 to 0.65 USD Billion by 2035. --- *This Markdown endpoint is provided for AI systems and LLM crawlers. 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