Glycerol Monostearate Market Outlook from 2024 to 2034

The worldwide glycerol monostearate market size is anticipated to reach USD 538.7 million in 2024 and is expected to total USD 920.2 million by 2034. The industry is projected to witness a CAGR of 5.5% during the forecast period from 2024 to 2034.

Glycerol monostearate (GMS) is a versatile compound widely used in various industries, including food and beverage, pharmaceuticals, personal care products, and cosmetics. Its market has witnessed significant growth owing to its multifunctional properties and diverse applications.

Attributes Description
Estimated Global Glycerol Monostearate Market Size (2024E) USD 538.7 million
Projected Global Glycerol Monostearate Market Value (2034F) USD 920.2 million
Value-based CAGR (2024 to 2034) 5.5%

In the food and beverage industry, GMS serves as an emulsifier, thickening agent, and stabilizer. It is commonly used in baked goods, dairy products, confectionery, and beverages to improve texture, enhance shelf life, and maintain product consistency. The rising demand for processed foods and convenience products has propelled the growth of the GMS market in this sector.

In pharmaceuticals, GMS is utilized as an excipient in tablet formulations and as a lubricant in capsule manufacturing. Its inert nature and ability to improve drug solubility make it an essential ingredient in pharmaceutical formulations.

GMS finds extensive usage in personal care products and cosmetics as an emulsifier, moisturizer, and thickening agent. It is incorporated into creams, lotions, shampoos, and other cosmetic formulations to impart smoothness, stability, and texture enhancement.

The increasing consumer awareness regarding the benefits of natural and organic ingredients has further fueled the demand for GMS derived from sustainable and renewable sources, such as vegetable oils. This trend is driving manufacturers to innovate and develop eco-friendly GMS formulations to cater to the growing market demand.

Geographically, the Asia-Pacific region dominates the GMS market, primarily due to the rapid industrialization, urbanization, and expanding food and beverage industry in countries like China and India. North America and Europe also contribute significantly to the market growth, driven by the robust pharmaceutical and personal care industries.

Challenges such as stringent regulations regarding food additives and fluctuating prices of raw materials may hinder the growth of the GMS market to some extent. Nonetheless, technological advancements, product innovation, and strategic collaborations among key players are expected to drive the market forward in the coming years. Overall, the glycerol monostearate market is poised for steady growth, fueled by its diverse applications and increasing demand across various industries.

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Key Industry Highlights

Rising Demand for Clean Label Ingredients

Consumers are increasingly seeking products with natural and clean-label ingredients. As a result, there is a growing demand for GMS derived from sustainable and renewable sources, such as vegetable oils, as well as non-GMO and organic options.

Emerging Usage of Glycerol Monostearate in the Market

The food and beverage industry remains a major consumer of GMS, driven by the demand for processed foods, bakery products, confectionery, and beverages. With the global population increasing and dietary habits evolving, the demand for convenience foods and functional ingredients like GMS is expected to continue rising.

Plant-based and Vegan Products to Spur Growth

As the popularity of plant-based and vegan lifestyles continues to rise, there is a growing demand for GMS derived from plant-based sources. Manufacturers are responding to this trend by offering plant-based GMS formulations to meet the needs of vegan consumers and those seeking cruelty-free alternatives.

Supply Chain Disruptions to Hinder Growth

Disruptions in the supply chain, whether due to natural disasters, geopolitical tensions, or other factors, can lead to shortages or increased costs, affecting the availability and affordability of GMS. Rapid advancements in technology may lead to the development of new, more efficient production methods or alternative ingredients, posing a challenge to traditional GMS manufacturers.

Country-wise Insights

Growing Demand for Clean Label Products to Surge Sales in the United States

The United States food industry is experiencing a surge in demand for clean-label products, highlighting the need for natural ingredients. GMS manufacturers can capitalize on this trend by offering clean-label versions or developing alternative ingredients.

Health and wellness consumers are increasingly seeking products with reduced fat, sugar, and calorie content. GMS can be used in low-fat or low-calorie food products to improve texture and mouthfeel. The growing popularity of plant-based diets and vegan lifestyles presents opportunities for plant-derived emulsifiers and stabilizers.

The functional foods and beverages market is expanding, with GMS being used to enhance stability, texture, and shelf-life. E-commerce growth has also transformed the retail landscape, allowing manufacturers to reach consumers directly and offer convenience in purchasing GMS-containing products.

Booming Cosmetics Industry to Gain Momentum in the United Kingdom

The personal care and cosmetics industry is experiencing a surge in demand for clean, natural products. GMS can be used as an emulsifier in skincare, haircare, and cosmetic formulations, focusing on sustainable sourcing and production.

As environmental awareness grows, consumers in the United Kingdom seek products that are sustainably sourced and produced. GMS manufacturers may adopt sustainable practices in sourcing raw materials and manufacturing processes to appeal to environmentally conscious consumers.

To stay competitive, GMS manufacturers may focus on product customization and innovation, developing new formulations for various food, beverage, and personal care applications. The trend towards healthier snacking offers opportunities for GMS use in snacks with reduced fat or sugar content. Transparency and traceability are also crucial for GMS manufacturers to build trust with consumers.

Development of Rural Infrastructure in China Accelerates Sales

China's rapid industrialization and urbanization have led to a surge in demand for processed foods, cosmetics, and personal care products, driving the growth of the GMS market. GMS is used as an emulsifier and stabilizer in these products, contributing to texture enhancement and product freshness. The country's health and wellness trends also drive demand for natural and functional ingredients in products like functional foods, dietary supplements, and health products.

The expansion of e-commerce platforms in China has transformed the retail landscape, offering consumers convenient access to a wide range of products containing GMS. Manufacturers can leverage e-commerce channels to reach a broader consumer base and increase market penetration. The beauty and personal care market presents significant opportunities for GMS usage in skincare, haircare, and cosmetic formulations.

Consumers are increasingly seeking clean-label products with natural and recognizable ingredients. GMS manufacturers may respond by offering clean-label versions or developing alternatives that meet clean-label criteria. Sustainability and environmental concerns are also driving demand for sustainable products and production practices in China. GMS manufacturers may adopt sustainable sourcing and production methods to reduce environmental impact.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Category-wise Insights

Rising Demand for Clean Label Ingredients to Surge Sales of Emulsifiers

The growing preference for clean-label ingredients is driving demand for natural emulsifiers derived from plants or microbial fermentation. Consumers are seeking simpler ingredient lists and transparency in product formulations.

Functional foods and beverages fortified with vitamins, minerals, and bioactive compounds are in high demand, with emulsifiers like GMS playing a crucial role in improving texture, stability, and quality. Plant-based and vegan products are also gaining popularity, with emulsifiers from plant sources like palm oil or soybean oil.

Manufacturers are offering customized solutions, optimizing emulsifier blends for different food formulations, or addressing specific processing challenges. Emulsifiers are also being used in reduced-fat, low-calorie, and healthier food formulations to maintain texture and mouthfeel. Microencapsulation technology advancements drive the demand for emulsifiers with specific functional properties.

In the personal care and cosmetics industry, there is a growing demand for natural and sustainable emulsifiers that meet clean beauty standards. Compliance with regulatory standards and certifications, such as Kosher, Halal, and organic, enhances market competitiveness and consumer trust.

Cosmetics Industry to Utilize GMS to Develop Lotions and Creams

The demand for glycerol monostearate in cosmetics is rising primarily due to its multifunctional properties as an emulsifier, thickening agent, and moisturizer. GMS helps stabilize emulsions, preventing the separation of oil and water in formulations, which is essential for creating smooth and consistent products such as creams and lotions.

Its ability to enhance the texture and spreadability of these products makes it highly desirable in the cosmetic industry. Additionally, GMS acts as a skin conditioning agent, imparting a soft and smooth feel to the skin, which is a significant factor in consumer satisfaction and preference. As more consumers seek products with effective and pleasant application properties, the use of GMS becomes increasingly valuable to cosmetic manufacturers.

Competition Outlook

BASF SE, 3M, Clariant, and Croda International PLC are key players in the glycerol monostearate industry. The industry is competitive with key companies actively investing in research and collaborations to reduce competition and foster innovation.

Leading companies are exploring new applications and products for clients, while also evaluating competitors based on factors such as performance, durability, and application-specific features. Large-scale companies and emerging players are also collaborating to reduce competition and improve product development.

Industry Update

  • In 2023, Palsgaard, headquartered in Denmark, conducted a Malaysian study to qualify its Einar 201 mold release agent for automotive PP applications.

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Leading Glycerol Monostearate Brands

  • 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.

Key Segments of Market Report

By Type:

The industry is segmented into pearlizing agents, opacifiers, and emulsifiers.

By End-use Industry:

Based on the end-use industry, the sector is divided into personal care, cosmetics, and toiletries.

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa.

Frequently Asked Questions

What is the glycerol monostearate market size in 2024?

The market is estimated to reach USD 538.7 million by 2024.

What is the estimated growth rate of the market?

The sector is expected to rise at a CAGR of 5.5% through 2034.

What are the leading glycerol monostearate companies?

BASF SE, 3M, Clariant, and Croda International PLC.

Which country is expected to see high growth?

India is set to witness a significant CAGR through 2034.

Which type segment is leading the glycerol monostearate industry?

Emulsifier segment is leading segment of the market.

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