Albany, NY -- (SBWIRE) -- 04/16/2019 -- Market Outlook
Vegetable glycerine is also known as vegetable glycerol. It is a clear, odorless liquid with a mild, sweet taste. It is derived from the plant oils such as palm oil, coconut, and soy oil. Vegetable glycerine is commercially produced by heating triglyceride-rich vegetable fats under pressure with a strong alkali such as lye. Vegetable glycerine is widely used in cosmetics as well as in the pharmaceutical and food industry. In the cosmetic industry it is used in the making of lotions, creams, soaps, moisturizers, and other products. In the pharmaceutical industry, vegetable glycerine is used to make ointments and other lubricants and creams to heal cracks and pores on the skin. It also provides better hydration. In food industries vegetable glycerine is added to foods to help water and oil-based ingredients mix, moistening and sweetening the final products. By considering the growing application of vegetable glycerine, it is expected that the demand for vegetable glycerine would be high during the forecast period.
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Vegetable Glycerine a natural Humectant
Vegetable glycerine easily penetrates and get absorbed into the skin; hence it acts as a natural humectant. The natural emollience of vegetable glycerine draws moisture into the skin and helps to retain the moisture. Vegetable glycerine fills the miniscule cracks and fine lines on the skin and make skin smooth and give a rejuvenated appearance. Hence, vegetable glycerine is overall a skin health enhancing ingredient that is widely being used in the cosmetic industries. The growing trend of grooming and beauty is expected to boost the demand for vegetable glycerine globally in the near future.
Global Vegetable Glycerine: Key Players
Some of the global key manufacturers and suppliers of vegetable glycerine are Jet Stream Fuels,Inc., ChemWorld, LLC, Oleon NV, Cargill, Incorporated., Duda Energy, Liquid Barn, Bulk Apothecary, True Essence., Parchem fine & specialty chemicals., GREENCHEM INDUSTRIES LLC, NicVape, RTS Vapes. More industrialists and manufacturers are showing a keen interest in the vegetable glycerine as the demand for the product is growing among the consumers globally.
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Opportunities for Market Participants:
Globally growing usage of cosmetic products by consumers is expected to boost the demand for vegetable glycerine in the near future. As, vegetable glycerine is widely used in the formation of various cosmetic products such as cold creams, moisturizers, soaps, lotions, and many more. Also, growing trend of organic products among consumers would have a significant impact on the vegetable glycerine. Growing number of pharmaceutical industries is also expected to boost the demand for vegetable glycerine. Since, it is used in the manufacturing of various ointments, cough remedies, wound healing creams, and anesthetics. Growing personal care products manufacturing companies also have a significant impact on the vegetable glycerine as it is used in many personal care products such as toothpaste, to prevent hardening of the paste inside the tube. Also, vegetable glycerine is used in many food products to prevent stickiness and also in frozen foods such as ice cream and yogurt to prevent the formation of ice cubes. As vegetable glycerine is a halal and kosher product, the demand for vegetable glycerine is expected to be high among all the three types of glycerine (animal based, petroleum-based, and plant-based). By considering the above factors, it is expected that the vegetable glycerine market will grow positive during the forecast period.