Glycerol Monolaurate (GML) Market REPORT OVERVIEW
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The global glycerol monolaurate (GML) market size was USD 72 million in 2022 and market is projected to touch USD 121.26 million by 2031, exhibiting a compound annual growth rate (CAGR) of 5.9% during the forecast period.
Glycerol monolaurate, is glyceryl laurate or 1-lauroyl-glycerol, is a monoglyceride. It is shortly termed as GML. It is the mono-ester derived from glycerol and lauric acid. It is also widely known as monolaurin. Chemical formula of glycerol monolaurate is C15H30O4. Glycerol Monolaurate (GML) is a naturally occurring fatty acid that has wide range of application in food, cosmetics, personal care and homeopathic supplements. It is a broad-spectrum antimicrobial agent that has effective reaction against the gram-positive bacteria and targets a variety of bacteria, fungi, and enveloped viruses. Glycerol Monolaurate is a type of lipophilicity nonionic surfactant, which naturally exists in breast milk and palmetto, a type of palm tree. Internationally, it well-known as a good food emulsifier and also a safe and efficient antibacterial agent.
Several studies have illustrated that GML is ≥ 200 times more effective in bactericidal activities or several chemical reactions than lauric acid. Some cliquey reports and findings have illuminated that GML also has immunomodulatory functions. A few detailed researches have shed light on an astonishing research which reveals that the widely used anti-microbial agent glycerol monolaurate also alters the lipid dynamics of human T cells, leading to their defective signaling and function.
COVID-19 Impact: Disruption in Product Supply Causes Market Deformation
Due to the coronavirus outbreak, started out in beginning of 2019, has undoubtedly changed our lifestyle in one way or other. Be it medical sector, machinery and equipment sectors and others including chemicals & advanced materials sectors. Yet, chemical industry did experience a significant boost in market sales, especially those chemicals that were being exceptionally used in pharmaceutical or healthcare sectors for medical and sterilizing purposes. Glycerol monolaurate is a chemical that has heavy usage in numerous food and, dietary supplement sectors. Moreover, GML is also being majorly used to make a wide range of cosmetics and personal care products, in the post-covid period. Apart from all this, GML has made its way as an emerging and significant raw material for feed industry.
LATEST TRENDS
"Rise in Demand for Product Inclines Towards Market Elevation"
The glycerol monolaurate market is growing at an impressive CAGR rate of ~6% during the forecast period between 2022-2028, as a result it is highly expected that glycerol monolaurate market will most likely gain a significant name in the upcoming years.
Even in present, application of GML is growing non-stop in various different fields, leading to increase in demand as well as popularity from other regions of the world.
Moreover, it is known that various innovative strategies will be incorporated with the current working scenarios. Also, more efficient and trendy working techniques will replace the conventional working style, to increase efficiency and uplift market economy.
Glycerol Monolaurate (GML) Market SEGMENTATION
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By GML Content
The market categorizes into 40%-45%, 70%-80% and ≥90%.
- By Application
The market categorizes into Food, Cosmetics and Personal Care, Dietary Supplement, Feed Industry and Others.
DRIVING FACTORS
"Rising Demand for Glycerol Monolaurate in Various Industry Sectors Enhances Market Growth"
Glycerol monolaurate (GML) is chemical having potent antimicrobial properties and so has a wide range of applications pharmaceutical or healthcare sectors for medical and sterilizing purposes. Along with this, glycerol monolaurate is a well-known food emulsifier thus, witnessing demand of product from food or dietary sectors. In recent years, glycerol monolaurate is also being majorly used to make a number of cosmetics and beauty care products, due to its antibacterial, antifungal, etc. properties.
"Promotion of New Technologies and Gadgets to augment Market Growth"
Each day our world is addressing the development of high-tech technologies and sophisticated gadgets. With the incorporation of these latest technologies, amazing results are to be witnessed that will help in keeping the products stay up to date with the ongoing trends of the market. Furthermore, under the influence of these advanced mediums and technology, product awareness will increase eventually leading the Glycerol Monolaurate (GML) market growth.
RESTRAINING FACTORS
"Requirement of a Strong Financial Support to Hinder Market Augmentation"
Glycerol monolaurate (GML) markets are classified into those types of markets that requires a strong and steady financial funding as well as good advertisement assistance to compete against the severe competition and survive in market economy. To find strong financers is considered to be quite a difficult task. Furthermore, another restriction for the growth of chemical based industries is the strict government policies regarding chemical use and transportation. Hence, regions having very harsh and strict rules regarding chemical use will most likely face restricted market growth.
Glycerol Monolaurate (GML) Market REGIONAL INSIGHTS
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"Asia Pacific overshadows The Market Owing to High Production Rate"
It is approximated that Asia Pacific will lead the glycerol monolaurate (GML) market share, as it is the holder of the highest production rates. Plus, Asia Pacific has a large number of production units. China is the largest market with a striking market share of about 40%, followed by North America and Southeast Asia, both possessing an impressive market share of about 30%. Furthermore, this region is more than capable to provide the required workforce as it is densely populated. Moreover, this region supports strong and excellent advertisement and promotion of the product, attracting consumer attention which helps in uplifts the market economy by boosting product sales.
KEY INDUSTRY PLAYERS
"Key Market Participants to Prioritize on Product Advancement"
It is highly anticipated that notable market players will converge their knowledge and resources to enhance the product quality so as to stay up to date with the changing consumer demands. A lot of funding and advertisement will be done, in order to get the desired product. The market will be immensely from this step, as consumer satisfaction tends to propels product sales and leads to market growth.
The glycerol monolaurate (GML) market is quite big, key market players belonging from various different regions across the globe such as China, India, United states of America, etc. some of the significant market faces being Fine Organics, Colonial Chemical, Jeen International, etc. Global top 3 manufacturers hold a share about 25%. Apart from product enhancement, sector dealing with product promotion and advertisement have also been given focused aid and consideration, increasing consumer awareness about the products and its benefits, which in turns help market to prosper.
List of Market Players Profiled
- Fine Organics (India)
- Colonial Chemical (United States of America)
- Jeen International (United States of America)
- Lonza (Switzerland)
- Oleon NV (Belgium)
- Protameen Chemicals (United States of America)
- BASF (Germany)
- Riken Vitamin (Japan)
- Lasenor (Catalonia, Spain)
- PT Musim Mas (Singapore)
- Hangzhou Fuchun (China)
- Guangzhou Cardlo Biochemical (China)
- ZTCC (India)
- Addeasy Bio-Technology (China)
REPORT COVERAGE
This report displays concise and descriptive analysis of all the crucial market components like consumer behavior, industry relations, market crazes, business patterns, enterprise profiles, contact statistics etc. Furthermore, it effectively outlines the trending market trends along with a detail study of strategies and policies that have already been adopted as well as those that are yet to be put into acknowledgement, to make the glycerol monolaurate (GML) market prosper. In addition, this report successfully manages to brief its readers about the market segmentation done on the basis of region both on region level and country level, by company, by GML content and by application during the forecast period of 2022-2028. As an added advantage, facts regarding glycerol monolaurate (GML) market capacity, production, development rate, market share by manufacturers and by region have also been researched and elaborated satisfactorily in accordance with market.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 72 Million in 2022 |
Market Size Value By |
US$ 121.26 Million by 2031 |
Growth Rate |
CAGR of 5.9% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
GML Content and Application |
Frequently Asked Questions
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What value is the Glycerol Monolaurate (GML) Market expected to touch by 2031?
The global glycerol monolaurate (GML) market is expected to touch USD 121.26 million by 2031.
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What CAGR is the Glycerol Monolaurate (GML) Market expected to exhibit by 2031?
The CAGR of the Glycerol Monolaurate (GML) Marketis expected to be 5.9% by 2031.
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Which are the driving factors of the Glycerol Monolaurate (GML) Market?
Rising demand for glycerol monolaurate (GML) in various industry sectors and promotion of new technologies and gadgets are the driving factors of the Glycerol Monolaurate (GML) Market.
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Which are the top companies operating in the Glycerol Monolaurate (GML) Market?
Fine Organics, Colonial Chemical, Jeen International, Lonza, Oleon NV, Protameen Chemicals, BASF, Riken Vitamin, Lasenor, PT Musim Mas, Hangzhou Fuchun, Guangzhou Cardlo Biochemical, ZTCC and Addeasy Bio-Technology.