Global Glycerol Monostearate Market Size To Worth USD 3.09 Billion by 2033 | CAGR of 6.35%
Category: Chemicals & MaterialsGlobal Glycerol Monostearate Market Size To worth USD 3.09 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Glycerol Monostearate Market Size is Expected to Grow from USD 1.67 Billion in 2023 to USD 3.09 Billion by 2033, at a CAGR of 6.35% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the "Global Glycerol Monostearate Market Size, Share, and COVID-19 Impact Analysis, By Purity (<90% and >90%), By Application (Emulsifier, Thickener, Preservative, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/glycerol-monostearate-market
The market for glycerol monostearate includes the production, distribution, and use of this lipid molecule, which is used as a thickening agent, stabilizer, and emulsifier. In industries including food and beverage, cosmetics, and pharmaceuticals, it is frequently used to improve texture, prevent component separation, and boost product stability. Its division into locations, applications, and purity levels reflects its worldwide reach and numerous industrial applications. The market for glycerol monostearate is expected to rise as a result of new product development and technological advances. Glycerol monostearate's range of applications increases as a result of these technologically sophisticated product innovations, which is going to accelerate glycerol monostearate market expansion. The growing demand for processed and packaged foods, rising disposable income, and increased awareness of personal care products are the main factors driving the glycerol monostearate market. The growing pharmaceutical sector is also anticipated to drive market expansion. However, high manufacturing costs, difficult regulations, a shortage of raw materials, and competition are some of the factors restricting the growth of the glycerol monostearate market.
The <90% segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the purity, the glycerol monostearate market is classified into <90% and >90%. Among these, the <90% segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The food sector uses <90% glycerol monostearate to enhance the consistency, texture, and shelf life of food products.
The emulsifier segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the glycerol monostearate market is divided into emulsifier, thickener, preservative, and others. Among these, the emulsifier segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Being a stearic acid and glycerol ester, GMS is an effective emulsifier due to its hydrophilic and lipophilic properties. With a hydrophilic head and a lipophilic tail that combines with oily substances, its molecular shape allows it to generate stable oil-in-water emulsions.
Asia Pacific is estimated to hold the largest share of the glycerol monostearate market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the glycerol monostearate market over the forecast period. The primary industries that employ GMS are pharmaceuticals, textiles, and paints & coatings. The Asia Pacific region, which comprises major economies like China, Japan, and India as well as developing countries like Bangladesh and Vietnam, has seen tremendous industrial and economic expansion, which has helped the GMS market in the region.
North America is predicted to grow at the fastest CAGR growth in the glycerol monostearate market over the forecast period. The growing demand for processed foods and the flourishing cosmetic and personal care sector are the main drivers of the glycerol monostearate market share in North America.
Major key players in the glycerol monostearate market include BASF SE, AkzoNobel NV, Cargill, Incorporated, Lonza Group AG, Evonik Industries AG, Godrej Industries Limited, Croda International Plc, Huntsman Corporation, Kao Corporation, Stepan Company, Wilmar International Limited, Mitsubishi Chemical Corporation, The DOW Chemical Company, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In March 2023, the decision to spend USD 5.4 Billion in the construction of a greenfield manufacturing plant in Dahej, Gujarat, was made by Croda International plc, which is represented in India via its Indian subsidiary "Croda India." This new facility is expected to meet the growing demand for consumer care and pharmaceutical products.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the glycerol monostearate market based on the below-mentioned segments:
Global Glycerol Monostearate Market, By Purity
- <90%
- >90%
Global Glycerol Monostearate Market, By Application
- Emulsifier
- Thickener
- Preservative
- Others
Global Glycerol Monostearate Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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