Glycerol Monostearate Market Outlook (2023 to 2033)
Global demand for Glycerol Monostearate Market is expected to reach a market valuation of US$ 0.5 Billion by the end of the year 2023, accelerating at a CAGR of 5.5% over the forecast period (2023 to 2033). The global market for glycerol monostearate is expected to grow in the coming years due to increasing demand from the food and beverage industry. GMS is commonly used in the production of baked goods, dairy products, and confectionery items such as chocolate, as well as in the preparation of various types of sauces, dressings, and spreads. It is also used as a preservative and stabilizer in products such as ice cream and whipped cream.
In addition to its use in the food industry, glycerol monostearate is also used in cosmetics and personal care products, such as skin creams and lotions, where it helps to improve texture and stability.
The market is supported by:
Increasing demand from the food and beverage industry
Rising demand for cosmetics and personal care products
Rising Disposable Income
Growing trend of clean labeling
Diversified application
Increasing demand for pharmaceuticals
Availability and price of raw materials
Growing awareness of sustainable and eco-friendly processes
favorable government initiatives for product development
outstanding customer and employee experience
One of the main drivers of growth in the market is the increasing demand for food and beverages, particularly baked goods, dairy products, and confectionery items, where glycerol monostearate is commonly used as an emulsifier and stabilizer. The growing popularity of convenience foods and the increasing demand for healthier food options are also contributing to the growth of the market.
In addition to its use in the food industry, glycerol monostearate is also used in the cosmetics and personal care industry, where it is used as an emulsifier and thickening agent. The growing demand for natural and organic personal care products is expected to drive the growth of the market in this sector.
Another factor driving growth in the glycerol monostearate market is the increasing demand for pharmaceuticals. Glycerol monostearate is used in the pharmaceutical industry as an excipient and as a lubricant in tablet formulations. The growing demand for pharmaceuticals in emerging markets is expected to drive the growth of the market in this sector.
The Asia Pacific glycerol monostearate market is expected to experience significant growth in the coming years due to several factors. One of the main drivers of growth in the region is the increasing demand for food and beverages, particularly in countries such as China and India, where there is a growing population and increasing disposable income. Glycerol monostearate is commonly used as an emulsifier and stabilizer in the production of various types of food products, and the increasing demand for these products is driving the growth of the glycerol monostearate market in the region.
In addition to its use in the food industry, glycerol monostearate is also used in the cosmetics and personal care industry in the Asia Pacific region. The growing demand for personal care products, particularly in countries such as China and Japan, is driving the growth of the glycerol monostearate market in this sector.
The North American glycerol monostearate market is expected to experience steady growth in the coming years due to several factors.
One of the main drivers of growth in the market is the increasing demand for convenience foods and snacks, which often contain glycerol monostearate as an emulsifier and stabilizer. In addition, the growing trend of clean labeling in the food industry is expected to drive the demand for glycerol monostearate as a clean label ingredient.
Glycerol monostearate is also commonly used in the cosmetics and personal care industry in North America, where it is used as an emulsifier and thickening agent in various products such as lotions, creams, and shampoos. The increasing demand for personal care products and the growing trend of natural and organic products is expected to drive the growth of the glycerol monostearate market in this sector.
Market Value 2023
US$ 0.5 Billion
Projected Value 2033
US$ 0.85 Billion
CAGR
5.5%
Glycerol Monostearate is a glycerol ester of stearic acid. In the production of glycerol monostearate, glycerin is reacted with various fatty acids to give corresponding mono/di or tri ester then esters. Glycerol Monostearate is generally white, odorless, and sweet-tasting flaky powder which is hygroscopic in nature. Glycerol Monostearate is also known as GMS and monostearin.
Glycerol Monostearate is a food additive and used in packaged food as a thickening agent, emulsifying agent for oils, waxes, and solvents, hygroscopic agents for protective coatings, a solidifier and control release agent in pharmaceuticals, and a preservative agent.Glycerol monostearate is also used in cosmetics and hair-care products.
Also, glycerol monostearate is responsible to give ice cream and whipped cream their smooth texture Glycerol Monostearate is largely used in baking preparations to add “body” to food.Glycerol Monostearate present in food as a food additive is synthesized by glycerolysis reaction between triglycerides (from either vegetable or animal fats) and glycerol.
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Glycerol Monostearate Market: Dynamics
Glycerol monostearate depends upon its end-use application like food and beverages, cosmetics, and personal care, oilfield care, pharmaceutical, agrochemicals, paints and polymers and others. The demand for Glycerol Monostearate is majorly driven by the food industry as it account for the prominent share in theglycerol monostearate market.
The growth is attributed to increase in demand for packaged food products like dairy& meat products, bakery, convenience food, and others. The market of glycerol monostearate in food & beverage applications is anticipated to witness significant growth indeveloping economies on the back of the continuous increase in demand for processed food in countries.
Glycerol Monostearate is also used in the manufacturing of various cosmetics and personal care items such as cream, shampoo, personal hygiene products, lotions, makeup components. With improving quality of life the beauty and personal care are becoming one of the essentials, personal care on self-esteem and social interaction, gradual shift of consumers towards luxury cosmetic brands are few factors to propel the market growth of glycerol monostearate in personal care and cosmetic segment during the forecast period.
Due to the ongoing pandemic, many pharmaceuticals companies are investing in research and development which is anticipated to benefit the glycerol monostearate market in the foreseeable future.
Increasing regulatory standards especially in the developed regions is anticipated to limit the growth of glycerol monostearate in food and beverage and pharmaceuticals application.
Which trend/segment to impact more?
Among all the segments the packaged food and personal care & cosmetic industry hold the highest market value and are expected to be the most attractive applications of glycerol monostearate during the assessment period. It holds over half of the market share of the Glycerol Monostearate market and is expected to be the same in the forecast period.
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Glycerol Monostearate Market: Regional Outlook
Due to the increase in demand for processed food products such as dairy and meat products, bakery, convenience food, and confectionary in emerging markets such as the China, India and other countries. Asia Pacific is the fastest-growing market in the global Glycerol Monostearate market due to rapidly growing demand and high economic growth.
Companies are investing in research and development in the region to gain market share. North America and Europe are also anticipated to account for significant share and growth owing to high working population leading to increased demand for glycerol monostearate. Latin America and Middle East & Africa are anticipated to witness comparatively lower growth rates during the assessment period.
Analyst perspective
The demand for Glycerol Monostearate is majorly driven by the food industry due to the increase in demand for packaged food products. On a regional basis developing economies such as the Asia Pacific is expected to be the major driver of the Glycerol Monostearate market in the forecast period owing to the continuous increase in demand for processed food in region. Moreover, Glycerol Monostearate is used in the manufacturing of various cosmetics and personal care items.
With improving quality of life the beauty and personal care are becoming one of the essentials, personal care on self-esteem and social interaction, and the gradual shift of consumers towards luxury cosmetic brands are few factors to propel the market growth of Glycerol Monostearate in personal care and cosmetic segment during the forecast period.
However, Glycerol Monostearate market is growing at a significant rate there are factors which comes out to be limitations for Glycerol Monostearate market such as the rise of health consciousness among consumers, meat-free and veganism trend are some major limitation for end-use industry food and beverages and thereby limits the growth of Glycerol Monostearate market.
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Glycerol Monostearate Market: Key Participants
List of some of the prominent players in the global market of Glycerol Monostearate identified across the value-chain includes
BASF SE
3M
Clariant
Croda International PLC.
Evonik Industries AG
Akzo Nobel N.V.
Volkel Chemical LLP
Dupont
ACM chemicals
Liberty chemicals
Alpha Chemicals Pvt. Ltd.
Estelle Chemicals Pvt. Ltd.
Solvay
A. Schulman Inc.
The market research report on the Glycerol Monostearatepresents a comprehensive evaluation containing thoughtful insights, facts, and figures, historical data, future growth trends, statistically supported and industry-validated market information. The Glycerol Monostearatemarket report also consists of projections using appropriate sets of assumptions and methodologies. The report further provides in-depth analysis and information according to market segments like geography, phase, concentration, and applications.
The report covers exhaustive analysis on
Glycerol Monostearate Market Segments
Glycerol Monostearate Market Dynamics
Glycerol Monostearate Market Size
The market Adoption rate of Glycerol Monostearate
Current Trends/Issues/Challenges in the Glycerol Monostearate Market
Competition & Companies Involved in Glycerol Monostearate
New Technology for Glycerol Monostearate
Value Chain of the Glycerol Monostearate Market
Regional analysis includes
North America (USA, Canada)
Latin America (Mexico, Brazil, Argentina)
Western Europe (Germany, Italy, France, United Kingdom, Spain)
Eastern Europe (Russia, Turkey)
South Asia (India and ASEAN countries)
East Asia (China, Japan, South Korea)
Oceania (Australia and New Zealand)
The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The global Glycerol Monostearate market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Glycerol Monostearatemarket segments and geographies.
Glycerol Monostearate Market: Segmentation
The global diverse market of Glycerol Monostearate can be segmented based on application, end-user
