Global Glycerol Monostearate Market – Industry Trends and Forecast to 2030

Glycerol Monostearate Market Analysis and Size

The glycerol monostearate market is witnessing expansion at a rapid pace over the past few years. Additionally, there has been tremendous growth in the food industry and increased demand for packaged food products such as dairy and meat products, bakery, convenience food, and others, which have significantly contributed to the market and positively impacts the overall growth for the market. Furthermore, the market for glycerol monostearate in food and beverage applications is expected to grow significantly in developing economies due to the continuous increase in demand for processed food in countries. These growth determinants will aid the market to flourish rapidly over the forecasted timeframe.

The glycerol monostearate market valued at USD 989.23 million in forecast 2022 and is expected to reach USD 1,314.76 million by 2030 to grow at a CAGR of 3.62 % in the forecast period of 2023 to 2030.

The segment that typically dominates the glycerol monostearate market is the "Food and Beverages" segment. This is because glycerol monostearate is commonly used as a food additive and emulsifier in various food and beverage products to improve texture and stability, making it a significant application area in this market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Glycerol Monostearate Market Scope and Segmentation

Market Definition.

Glycerol monostearate is a chemical compound commonly used in the food and cosmetic industries. It serves as an emulsifier and thickening agent, helping to mix and stabilize ingredients in various products. This substance is made by combining glycerol and stearic acid, resulting in a white, waxy solid. Glycerol monostearate is often found in ice cream, baked goods, and skincare products, where it improves texture, prevents separation, and enhances shelf life. It is generally recognized as safe for consumption and safe for topical use when used in accordance with regulatory guidelines.

Glycerol Monostearate Market Dynamics

Drivers

• Increased Utilization Across End-Users

Glycerol monostearate is widely used in packaged foods as a thickening agent, emulsifying agent for oils, waxes, and solvents, hygroscopic agent for protective coatings, solidifiers, and control release agent in pharmaceuticals and a preservative. It is found in food as a food additive and is produced through the glycerolysis reaction of triglycerides (from either vegetable or animal fats) and glycerol. Furthermore, it is found in cosmetics and hair-care products. The increased utilization across end use industries is estimated to carve a way for the growth of the market.

The continuous increase in demand for processed food in countries will further propel the growth rate of glycerol monostearate market. Additionally, the improving quality of life resulting in the beauty and personal care are becoming one of the essentials coupled with the gradual shift of consumers towards luxury cosmetic brands will also drive market value growth.

Opportunity

• Surging Awareness and Investments

Increased research and development investments by pharmaceutical companies extend profitable opportunities to the market players in the forecast period of 2023 to 2030. In addition, the rising awareness about the benefits of glycerol monostearate will further expand the future growth of the glycerol monostearate market.

Restraints/Challenges

• Health Consciousness and Veganism Trends

There are some factors that appear to be limitations for the glycerol monostearate market, such as rising health consciousness among consumers, meat-free and veganism trends, which are some major limitations for the end-use industry food and beverages and thus limit the growth of the market over forecasted period.

• Stringent Regulations

The increasing regulatory standards especially in the developed regions will prove to be a demerit for the glycerol monostearate market. Therefore, this will challenge the glycerol monostearate market growth rate.

This glycerol monostearate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the glycerol monostearate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In February 2023, Palsgaard, a leading supplier of plant-based additives for plastics, conducted a study in Malaysia to qualify its Einar 201 mold release agent for automotive PP applications. Einar 201, derived from renewable sources, offers excellent performance, denesting, and sustainability benefits, contributing to reduced carbon footprints in the plastics industry.

Global Glycerol Monostearate Market Scope

The glycerol monostearate market is segmented on the basis of product type, content and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Emulsifier
• Thickening
• Anti-Caking
• Stabilizer
• Other

Content

• Below 90 Percent
• 90-95 Percent
• 95-98 Percent
• Above 98 Percent

Application

• Food and beverages
• Dairy
• Bakery
• Salty Snakes
• Others
• Personal care and Cosmetics
• Creams and lotions
• Makeup Components
• Personal Hygiene
• Oilfield Chemicals
• Drilling fluids
• Wetting fluids
• Pharmaceutical
• Creams and gels
• Medicines
• Agrochemicals
• Seed coating
• Crop protection
• Others

Glycerol Monostearate Market Regional Analysis/Insights

The glycerol monostearate market is segmented on the basis of product type, content and application as referenced above.

The countries covered in the glycerol monostearate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the glycerol monostearate market because of the continuous increase in demand for processed food and surging beauty and personal care requirements within the region. On the other hand, Asia-Pacific is estimated to show lucrative growth during the forecast period due to the sharp rise in dairy industry and the presence of major glycerol monostearate manufacturers in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Glycerol Monostearate Market Share Analysis

The glycerol monostearate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to glycerol monostearate market.

Some of the major players operating in the glycerol monostearate market are:

• Volkem Chemical LLP (India)
• Croda (U.K.)
• Estelle Chemicals Pvt. Ltd. (India)
• Oleon NV (Belgium)
• Alpha Chemicals Private Limited (India)
• Marathwada Chemicals (India)
• Wilmar International Ltd (Singapore)
• Dupont (U.S.)
• RIKEN VITAMIN Co., Ltd. (Japan)
• ACM Chemicals (India)
• Jeevika Yugchem Private Limited (India)
• Guangzhou Cardlo Biochemical Technology Co.,LTD (China)
• Kao Corporation (China)
• Hangzhou Oleochemicals Co., Ltd (China)
• Corbion (Netherlands)
• BASF SE (Germany)
• Stepan Company (U.S.)
• JIALISHI ADDITIVES (HAIAN) CO.,LTD. (China)

SKU-53279