Middle East & Africa Glycerol Derivatives Market Size & Outlook

The glycerol derivatives market in Middle East & Africa is expected to reach a projected revenue of US$ 2,041.9 million by 2030. A compound annual growth rate of 4.8% is expected of Middle East & Africa glycerol derivatives market from 2023 to 2030.

Revenue, 2022 (US$M)
$1,407.5
Forecast, 2030 (US$M)
$2,041.9
CAGR, 2023 - 2030
4.8%
Report Coverage
Middle East & Africa

MEA glycerol derivatives market highlights

  • The MEA glycerol derivatives market generated a revenue of USD 1,407.5 million in 2022.
  • The market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
  • In terms of segment, bio-based was the largest revenue generating grade in 2022.
  • Bio-based is the most lucrative grade segment registering the fastest growth during the forecast period.
  • Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.

MEA data book summary

Market revenue in 2022USD 1,407.5 million
Market revenue in 2030USD 2,041.9 million
Growth rate4.8% (CAGR from 2022 to 2030)
Largest segmentBio-based
Fastest growing segmentBio-based
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBio-based, Petroleum-based
Key market players worldwideShell PLC, Tokyo Chemical Industry, DuPont de Nemours Inc, Solvay SA, Croda International PLC, Cargill, Primient, Haihang Industry Co., Stepan Co, Thyssenkrupp AG, Repsol SA

Other key industry trends

  • In terms of revenue, MEA region accounted for 8.8% of the global glycerol derivatives market in 2022.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 10,436.2 million by 2030.

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Glycerol Derivatives Market Companies

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Middle East & Africa glycerol derivatives market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to glycerol derivatives market will help companies and investors design strategic landscapes.


Bio-based was the largest segment with a revenue share of 55.23% in 2022. Horizon Databook has segmented the Middle East & Africa glycerol derivatives market based on bio-based, petroleum-based covering the revenue growth of each sub-segment from 2018 to 2030.


The food & beverages industry in the Middle East & Africa has been growing rapidly over the past decade as consumers prefer glycerol owing to its non-toxic nature and nutritional benefits over synthetic products.


Increasing demand for dairy-based probiotic drinks, along with the introduction of new food products and beverages with new flavors containing low fats and sugar, is also fueling the growth of the glycerol derivatives market in the region.


The growing geriatric population, increasing instances of chronic diseases, and surging healthcare spending in the region drive the demand for pharmaceuticals in the Middle East & Africa. This is projected to influence the demand for glycerol derivatives used in pharmaceuticals in the coming years.

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Target buyers of Middle East & Africa glycerol derivatives market databook

  • Our clientele includes a mix of glycerol derivatives market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa glycerol derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa glycerol derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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MEA glycerol derivatives market size, by country, 2018-2030 (US$M)

Middle East & Africa Glycerol Derivatives Market Outlook Share, 2022 & 2030 (US$M)

MEA glycerol derivatives market size, by country, 2018-2030 (US$M)

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