The global lactylated monoglyceride market is expected to expanding at a CAGR of nearly 5% to 6% during the forecast period 2022-2032. Rapid expansion of bakery & confectionery sectors and increasing consumption of breads, cakes, cookies, toffies, and others across the countries such as the U.S., France, Italy, China, and India among others is estimated to favor the growth in the global lactylated monoglyceride market.
| Report Attribute | Details |
| Lactylated Monoglyceride Market Projected Growth Rate (2022-2032) | 5% to 6% CAGR |
Lactylated monoglyceride is also referred to as lactic acid esters of monoglyceride, which is formulated by the reaction of lactic acid with monoglyceride. These monoglycerides are synthesized using natural or synthetic processes, such as interesterification, of the vegetable oils or animal edible fats and triacetin in the presence of a catalytic agent.
Lacetylated monoglycerides are a type of non-ionic, fat-soluble surfactants and functional ingredients significantly used in direct food products and other food applications.
Food products are made up of a complex mixture of oils, proteins, carbohydrates, water, value-added ingredients, and others. Thus, food emulsifiers such as lactylated monoglyceride are plays a crucial role in mixing the components properly and improving the overall quality of the food products.
The addition of lactylated monoglyceride in the process of food products increases the volume, improves the texture, and enhances the mouth feel. Attributed to this, lactylated monoglyceride is extensively being used as an emulsifier in the production of bread, cakes, ice creams, whipped creams, and others.
Hence, growing consumption of aforementioned products across the globe, owing to the changing lifestyle, rising hectic schedule, and increasing disposable income is estimated to create high revenue generation opportunities in the global lactylated monoglyceride market.
Over the past few years, there is a swift rise in burden of lifestyle diseases such as obesity, diabetes, hypertension, and others across the globe. For instance, according to a study by the International Diabetes Federation, around 537 million adults between the age of 20 to 79 years were reported to be suffering from diabetes globally and the burden is predicted to reach 643 million by 2030.
Hence, growing awareness regarding unhealthy eating habits, and rising inclination toward healthy foods are expected to hinder the sales of lactylated monoglyceride in the global market.
As per FMI, North America is projected to emerge as a highly remunerative market for lactylated monoglyceride during the forecast period 2022-2032.
Due to growing consumption of high-quality bakery products such as cakes, breads, pastries, brownies, and others, on account of rising consumer preference for convenience food, there is a rapid increase in the demand for bakery products across the countries such as the U.S. and Canada. Hence, leading bakery and cakes shops are focusing on launching novel outlets to capitalize on this surging demand.
For instance, in 2021, Angelina Bakery, an American bakeshop announced the opening a new flagship store in the heart of Manhattan, New York, with a 4,000 square foot structure. A multiplicity of such developments is anticipated to bolster the demand for lactylated monoglyceride in the North America market.
As per a study by Future Market Insights, Europe is estimated to exhibit growth at a robust CAGR in the global lactylated monoglyceride market between 2022 and 2032.
Lactylated monoglyceride is garnering huge popularity across the food & beverage industry in Europe, owing to its excellent stabilizing, thickening, blending, and other properties. It is increasingly being used as a mousse enhancer in whipped creams, cakes airing, and cream mixtures, favored by its ability to improve the inner texture and volume of these food products. This is expected to favor the growth in the market.
This, in addition to increasing number of hotels, restaurants, bakeries, and cakes shops across the countries such as the U.K., Italy, France, and others is expected to augment the growth in the Europe market.
Some of the leading players in the lactylated monoglyceride market are Riken Vitamin Co., Ltd., Rikevita (Malaysia) Sdn Bhd, Nanjing Xinxu Industry & Trade Co., Ltd, Stepan Company, Vision ingredients, Wego chemical mineral corp., Shandong yuwang industrial co., Ltd., Corbion AG, Musim Mas Holdings Pvt. Ltd., and others.
Prominent players in the global lactylated monoglyceride market are aiming at launching adoption strategies such as production capacity expansion, acquisition, collaboration, partnership, and others strengthen their footprint in the competitive market.
| Report Attribute | Details |
| Growth Rate | CAGR of 5% to 6% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Countries Covered |
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| Customization | Available Upon Request |
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FMI projects the sales of lactylated monoglyceride in the market is expected to rise at 5% to 6% value CAGR by 2032.
The global lactylated monoglyceride market is expected to be dominated by North America over the forecast period 2022-2032.
Riken Vitamin Co., Ltd., Rikevita (Malaysia) Sdn Bhd, Nanjing Xinxu Industry & Trade Co., Ltd, Stepan Company, Vision Ingredients, Wego Chemical Mineral Corp., Shandong Yuwang Industrial Co., Ltd., Corbion AG, Musim Mas Holdings Pvt. Ltd., others are some of the leading players in the prominent lactylated monoglyceride market.
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Lactylated Monoglyceride Market
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