Pharmaceutical glycerin, also known as glycerol, is a colorless, odorless, and sweet-tasting syrup that is widely used as an ingredient in many different types of pharmaceutical and personal care products. It has numerous applications due to its ability to act as a humectant, emollient, solvent, and sweetener. In pharmaceuticals, it is used as a component of cough syrups, elixirs, and other oral liquids to improve the taste and consistency of the product. In personal care products, it is used to improve skin hydration and as a solvent for active ingredients.
Allied Market Research has published a study report with the title Pharmaceutical Glycerine Market Size was Valued at USD 89.89 million in 2020 and is Projected to Garner USD 246.48 million by 2030, registering a CAGR of 11.0% from 2021 to 2030.
Why is glycerin used in pharmaceuticals?
Top Companies Of Pharmaceutical Glycerine
- Cargill
- Universal Preserv A Chem Inc.
- Godrej Group
- Reagents Company
- Archer Daniels Midland Company
- Renewable Energy Group, Inc.
- TCC Glycerin
- Procter and Gamble Co
- Emery Oleochemicals Group
- DuPont
What are the Factors that Drive the Pharmaceutical Glycerine Market?
The factors that drive the pharmaceutical glycerine market include:
- Increase in the demand for personal care and pharmaceutical products: Glycerine is widely used as a humectant, emollient, and lubricant in personal care and pharmaceutical products, which is driving the demand for pharmaceutical glycerine.
- Growing demand for natural and organic ingredients: Consumers are increasingly preferring natural and organic ingredients in personal care and pharmaceutical products, which is driving the demand for glycerine, as it is a natural ingredient.
- Increase in health concerns and awareness: The growing awareness of health and wellness is driving the demand for pharmaceutical glycerine, as it is a safe and natural ingredient used in many personal care and pharmaceutical products.
- Expansion of the pharmaceutical and personal care industries: The growth of the pharmaceutical and personal care industries, especially in emerging economies, is driving the demand for pharmaceutical glycerine.
- Technological advancements in glycerine production: The continuous advancements in glycerine production technology are making it more efficient, which is driving the demand for pharmaceutical glycerine.
What are the Recent Trends in Glycerin Pharmaceutical Market?
The pharmaceutical glycerin market has seen several recent trends, including increasing demand for natural and eco-friendly ingredients, growth of the personal care and cosmetic industries, and growth in end-use industries such as pharmaceuticals and food and beverages. Additionally, new applications for glycerin in pharmaceuticals, such as its use as a solvent, emulsifying agent, and sweetener, have contributed to its growth. The increasing use of glycerin in medicinal and functional foods has also been a recent trend. As the demand for natural and healthy ingredients in the pharmaceutical and food industries continues to grow, it is expected that the demand for glycerin will also increase.
What are the Applications of the Pharmaceutical Glycerine?
Pharmaceutical glycerin is a versatile ingredient used in a wide range of applications in the pharmaceutical industry. Some common applications of pharmaceutical glycerin include:
- Moisturizer: Pharmaceutical glycerin is commonly used as a moisturizer in creams, lotions, and ointments.
- Sweetener: Pharmaceutical glycerin is used as a sweetener in oral medications, such as cough syrups and liquid antacids, to improve the taste.
- Solvent: Pharmaceutical glycerin is used as a solvent in the preparation of certain types of medications, such as parenteral and topical formulations.
- Excipient: Pharmaceutical glycerin is used as an excipient in the preparation of certain types of medications, such as soft gel capsules, to improve the stability and consistency of the medication.
- Preservative: Pharmaceutical glycerin is used as a preservative in some topical and oral medications to extend the shelf life of the product.
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