Glycerol Monostearate (GMS) Market Size, Share, Growth and Industry Analysis by Type (Emulsifier, Thickening, Anti-Caking, Stabilizer, And, Others) By Application (Food & Beverage, Cosmetic, Pharmaceutical, And, Others), Regional Forecast to 2033

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GLYCEROL MONOSTEARATE (GMS) MARKET OVERVIEW

Global glycerol monostearate (gms) market size was USD 1.06 Billion in 2024 and market is projected to touch USD 1.41 Billion by 2033, exhibiting a CAGR of 3.1% during the forecast period.

Glycerol Monostearate (GMS) is a food additive and emulsifier commonly used in the food industry. It is a white, odorless, and tasteless powder derived from glycerol and stearic acid. GMS is versatile and widely employed to stabilize emulsions, control crystallization, and enhance texture in various food products like ice cream, baked goods, and dairy items.

Its ability to improve shelf life, appearance, and mouthfeel makes glycerol monostearate a popular ingredient in food formulations. These are considered as the factors driving the glycerol monostearate (GMS) market growth.

COVID-19 IMPACT

Closure of Restaurants and Foodservice Establishments During Pandemic Increased Market Growth

The COVID-19 pandemic has had mixed effects on the demand for Glycerol Monostearate (GMS). Initially, there was a surge in demand for packaged and processed foods, including products that utilize GMS as an emulsifier and stabilizer. However, disruptions in the supply chain and transportation restrictions impacted the availability of raw materials and hindered production.

Additionally, the closure of restaurants and foodservice establishments resulted in reduced demand for certain food products containing GMS. Nonetheless, as the food industry adapted to changing consumer behaviors, the demand for GMS gradually stabilized, with manufacturers implementing safety measures to ensure continued supply during the pandemic.

LATEST TRENDS

Development of Clean-label Plant-based Alternatives to Fuel Market Growth

Innovative trends in Glycerol Monostearate (GMS) focus on enhancing its functionality and application in various industries. One trend involves the development of clean-label and plant-based GMS alternatives to meet the rising demand for natural ingredients in food products. Additionally, manufacturers are exploring novel methods to modify GMS for specific functionalities, such as improving the stability of emulsions or creating specialized textures. Another trend is the utilization of GMS in non-food applications, such as personal care products and pharmaceuticals, owing to its emulsifying and stabilizing properties. These trends showcase the continuous efforts to innovate and expand the applications of Glycerol Monostearate in diverse industries.

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GLYCEROL MONOSTEARATE (GMS) MARKET SEGMENTATION

By Type

The market can be divided on the basis of type into the following segments:

Emulsifier, thickening, anti-caking, stabilizer, and, others. The emulsifier segment is anticipated to dominate the market during the forecast period.

By Application

Classification based on application into the following segment:

Food & beverage, cosmetic, pharmaceutical, and, others. The food & beverage segment is predicted to dominate the market during the research period.

DRIVING FACTORS

Rapidly Growing Food and Beverage Industry to Propel Market Growth

Several driving factors contribute to the increasing demand for Glycerol Monostearate (GMS). Firstly, the expanding food and beverage industry relies heavily on GMS as an emulsifier and stabilizer, enhancing the texture and shelf life of various products. Secondly, the rising consumer preference for clean-label and natural ingredients drives the demand for plant-based GMS alternatives.

Moreover, the growth of the personal care and pharmaceutical sectors propels the use of GMS in cosmetics and medication formulations. Additionally, the versatility of GMS in various applications, including plastics, textiles, and industrial processes, further fuels its prominence, making it a sought-after ingredient in multiple industries. These factors play an important role in promoting market development.

Rising Awareness About Low-fat Food Options to Accelerate Market Growth

In addition to the mentioned driving factors, several other key elements contribute to the increasing demand for Glycerol Monostearate (GMS). The growing trend of convenience foods and ready-to-eat products in the modern lifestyle boosts GMS utilization as a versatile food additive, ensuring product stability and texture.

 The rising awareness of health benefits associated with low-fat or reduced-calorie food options also drives the demand for GMS as a replacement for higher-fat ingredients. Furthermore, GMS finds extensive application in the pet food industry for similar reasons, as it enhances palatability and texture in pet food formulations. These factors collectively support the glycerol monostearate (GMS) market share.

RESTRAINING FACTORS

Regulatory Changes and Stringent Quality Standards to Decrease Market Growth

Several restraining factors can impact the growth of (GMS) in the market. One significant factor is the volatility in raw material prices, particularly those related to the production of glycerol and stearic acid, which can affect the overall production cost of GMS. Additionally, regulatory changes and stringent quality standards in the food and pharmaceutical industries can pose challenges for manufacturers.

Moreover, the availability of alternative emulsifiers and stabilizers in the market may lead to substitution, limiting the demand for GMS. Furthermore, fluctuations in consumer preferences and the potential negative health perceptions associated with certain emulsifiers can also restrain the growth of Glycerol Monostearate. The above-mentioned factors can bring down the market price.

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GLYCEROL MONOSTEARATE (GMS) MARKET REGIONAL INSIGHTS

Asia Pacific to Dominate Market Share in Upcoming Years

Asia-Pacific emerges as the leading region in the Glycerol Monostearate (GMS) market. The region's dominance can be attributed to several factors. Firstly, the rapid growth of the food and beverage industry in countries like China, India, and Southeast Asian nations drives substantial demand for GMS as a versatile emulsifier and stabilizer.

Secondly, the booming cosmetics and personal care sector in the region contributes to the increasing utilization of GMS in beauty and skincare products. Moreover, the presence of a well-established pharmaceutical industry also fuels the demand for GMS as an excipient in medication formulations. These factors combined make Asia-Pacific a key player in the Glycerol Monostearate market.

KEY INDUSTRY PLAYERS

Leading Players adopt Acquisition Strategies to Stay Competitive

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Top Glycerol Monostearate (Gms) Companies

• BASF SE (Germany)
• Nouryon (Netherlands)
• Volkem Chemical LLP (India)
• Croda International (U.K.)
• Estelle Chemicals Pvt. Ltd (India)
• Alpha Chemicals Pvt Ltd (India)
• Marathwada Chemicals (India)
• Gujarat Amines (India)
• Liberty Chemicals (India)
• R. M. CHEMICALS (India)
• Maher Chemical Industries (India)
• Acm Chemicals (India)
• Jeevika Yugchem Private Limited (India)
• Mohini Organics Pvt. Ltd (India)
• Corbion (Netherlands)
• Dupont (U.S.)
• Schulman (U.S.)
• Arkema (France)
• Evonik Industries (Germany)
• Solvay (Belgium)

REPORT COVERAGE

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. The top industrial players along with the region that dominates the market has also been given for the readers to know.