Glycerol Monostearate Market Overview
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.
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 inthe 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 monostearatemarket 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.
Glycerol Monostearate Market: COVID-19 Impact Assessment
With actions were taken by the regional government to control the ongoing COVID-19 pandemic such as lockdown and social distancing and closure of restaurants created a catalyst for online grocery shopping and food consumers priorities. Packaged food such as pasta and canned food tops the charts of demand. Although, suppliers were unable to fulfill the demand this created a proper exposure for the packaged food market.
Being the driver of the Glycerol Monostearate market with the growth in a packaged food market, the Glycerol Monostearate market will also grow at a significant rate for the forecast period; however, other industries including oilfield chemicals and others experienced downturn in the market and thereby limited the growth of glycerol monostearate.
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.
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.
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.
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
- Croda International PLC.
- Evonik Industries AG
- Akzo Nobel N.V.
- Volkel Chemical LLP
- ACM chemicals
- Liberty chemicals
- Alpha Chemicals Pvt. Ltd.
- Estelle Chemicals Pvt. Ltd.
- 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 (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina)
- Western Europe (Germany, Italy, France, U.K, 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 Monostearatemarket 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
- Food and beverages
- Salty Snakes
- Personal care and Cosmetics
- Creams and lotions
- Makeup Components
- Personal Hygiene
- Oilfield Chemicals
- Drilling fluids
- Wetting fluids
- Creams and gels
- Seed coating
- Crop protection