Glycerol Monostearate Market Size & Growth Analysis to 2030

The global glycerol monostearate market size was accounted at around USD 1 billion in 2022 and expected to register a significant CAGR of over 5% during the forecast period from 2023 to 2030. Geographically, the Asia Pacific is accounted to hold the largest market share in the benchmark year due to the growing demand for the product in food applications such as bakery, convenience food, and confectionery products.

The increasing demand for glycerol monostearate in the food and beverage industry is one of the prominent factor driving the industry growth at a considerable growth rate. The product is commonly used in baked food, dairy products, meat products, and confectionary items. Furthermore, the significant use of the product in personal care and cosmetics products especially in skin creams and lotions is further anticipated to fuel the market growth over the forecast period. Moreover, the growing demand for the product in the pharmaceuticals industry as a lubricant in tablet formulations is anticipated to propel the market growth significantly.

Market Snapshot:

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Market Drivers:

Growing Food and Beverage Industry: The food and beverage industry is a major consumer of Glycerol Monostearate. GMS is widely used as an emulsifier, stabilizer, and thickening agent in various food products such as baked goods, dairy products, confectionery, and beverages. The increasing demand for processed and convenience foods is driving the growth of the GMS market.

Rising Consumer Demand for Functional Foods: There is a growing consumer demand for functional foods and nutritional supplements that offer health benefits. GMS is used as an additive in such products due to its emulsifying and stabilizing properties. The increasing health-consciousness among consumers is fueling the demand for Glycerol Monostearate.

Growth in Personal Care and Cosmetics Industry: GMS is used in the personal care and cosmetics industry as an emulsifier, thickening agent, and moisturizer. With the increasing focus on personal grooming, skincare, and beauty products, the demand for GMS in cosmetics and personal care products is on the rise.

Industrial Applications: GMS finds applications beyond the food and personal care sectors. It is used as an emulsifier and lubricant in various industrial processes, including plastics, textiles, pharmaceuticals, and coatings. The growth of these industries contributes to the demand for Glycerol Monostearate.

Increasing Demand for Animal Feed Additives: Glycerol Monostearate is used as a feed additive in animal nutrition to improve the texture, palatability, and shelf life of animal feed. With the growing demand for quality animal feed to support the livestock industry, the demand for GMS as a feed additive is increasing.

Technological Advancements and Product Innovations: Manufacturers are investing in research and development activities to improve the quality and functionality of Glycerol Monostearate. They are focusing on developing specialized grades and formulations that cater to specific applications, such as low-calorie food products or environmentally friendly formulations. Technological advancements and product innovations drive the market growth by expanding the range of applications for GMS.

Regulatory Factors: The regulatory environment plays a significant role in shaping the Glycerol Monostearate market. The approval of GMS as a safe and permissible food additive by regulatory authorities such as the U.S. Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) has positively influenced market growth.

Global Economic Growth: The overall economic growth of regions, such as Asia-Pacific, Latin America, and the Middle East, is contributing to the expansion of various end-use industries that rely on Glycerol Monostearate. The increasing population, rising disposable incomes, and changing lifestyles in these regions drive the demand for processed food, personal care products, and animal feed, thereby impacting the GMS market positively.

Market Insights:

By application, the emulsifier segment dominated the global glycerol monostearate market in 2022

The global glycerol monostearate market is bifurcated into application, end-user, and geography. On the basis of application, the market is segmented into emulsifier, thickening, anti-caking, stabilizer, and others. The emulsifier segment dominated the global market in the benchmark year and expected to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The high demand for the product in food and beverage application as emulsifier is one of the prominent factor driving the segment growth. Furthermore, the growing demand for the product in baked food, convenience food, and dairy products is further anticipated to propel the segment growth over the forecast period.

By end-user, the food and beverage segment is estimated to dominate the global market in the benchmark year

On the basis of end-user, the market is segmented into food and beverages, personal care and cosmetics, oilfield chemicals, pharmaceutical, agrochemicals, and others. The food and beverage segment dominated the global glycerol monostearate market in 2022 and is expected to maintain its dominance over the forecast period. The widespread use of the product in food and beverage applications as an emulsifier is one of the key factor driving the segment growth at a significant growth rate. Moreover, the growing demand for baked food and convenience food products especially in developing countries is further projected to propel the segment growth significantly.

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The global glycerol monostearate market report explores the critical analysis of the industry using key parameters. The report covers investment strategies, the need for investment in the industry, and several benefits for investors. Significantly, this report sets out major changes in the global technical regulations for the market, as well as how economic and non-economic constraints are helping the market to grow. Furthermore, the report analyzes the historic and forecasted market size at the global, regional, and country-level. The report also provides a comprehensive analysis of key investment proposals, competitor positions, porter’s five force analysis, SWOT analysis, pestel analysis, value chain analysis, etc.

The glycerol monostearate comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2030. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The glycerol monostearate market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Application:

• Application
• Emulsifier
• Thickening
• Anti-caking
• Stabilizer
• Others

By End-User:

• Food and Beverages
• Personal Care and Cosmetics
• Oilfield Chemicals
• Pharmaceutical
• Agrochemicals
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

By region, the Asia Pacific is expected to dominate the global market by the end of the analysis period

On the basis of region, the Asia Pacific dominated the global glycerol monostearate market in the benchmark year and is expected to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The fast-growing food and beverage industry is one of the key factor driving market growth in the region. Furthermore, the growing demand for the product in other end-use industries such as personal care & cosmetics, pharmaceuticals, agrochemicals, and others is further anticipated to propel the market growth in the Asia Pacific.

Geographically, the glycerol monostearate market report comprises dedicated sections centering on the regional market revenue and trends. The glycerol monostearate market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The glycerol monostearate market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Glycerol monostearate market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the major market players operating in the global glycerol monostearate market are BASF SE, 3M, Clariant, Croda International PLC., and Evonik Industries AG. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• 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.

Key Questions Answered by Glycerol Monostearate Market Report

• Global glycerol monostearate market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Glycerol monostearate submarket forecasts from 2023-2030 covering the market by application, end-user, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level glycerol monostearate markets from 2023-2030
• Competitive Landscape and market positioning of the top 10 players operating in the market