Glycerol Monostearate Market Size, Share, Growth, and Industry Analysis, By Type (Monoglyceride Content: 40-50%, Monoglyceride Content: ≥90%, and Other), By Application (Food & Beverage, Cosmetic, Medical, Plastic Industry, and Others), Regional Insights, and Forecast To 2032

Updated On: 08 July 2024

GLYCEROL MONOSTEARATE MARKET REPORT OVERVIEW

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global glycerol monostearate market size was USD 965.7 million in 2019 and market is projected to touch USD 1251.84 million by 2032 at CAGR 2.0% during the forecast period.

Glycerol monostearate (GMS) stands out as a versatile and extensively employed chemical compound with diverse applications spanning various industries. It represents an ester derived from the combination of glycerol and stearic acid, encapsulated by the molecular formula C21H42O4. Typically encountered in the guise of a colorless, scent-free, and flavorless powder or solid wax, Glycerol monostearate exhibits wide-ranging utility across industrial sectors.

Derived through the esterification process involving glycerol and stearic acid, sourced from either animal or vegetable fats, with common sources encompassing palm oil, soybean oil, and other triglyceride-rich materials. Extensively utilized as an emulsifying agent, stabilizer, and thickening agent in the food industry, it enhances the texture, shelf life, and visual appeal of various products such as baked goods, dairy items, confectionery, and sauces.

COVID-19 Impact: Increased Demand for Packaged and Processed Foods among Population to Fuel Market Growth

Lockdowns during the pandemic resulted in an increased demand for packaged and processed foods, potentially benefiting the glycerol monostearate market. Serving as a crucial emulsifier and stabilizer, it plays a vital role in improving the shelf life and overall quality of these products.

Similar to numerous other markets, the glycerol monostearate market likely encountered supply chain disruptions caused by restrictions on transportation and logistics amid the pandemic. These challenges may have affected the sourcing of raw materials and the distribution of finished products.

LATEST TRENDS

"Clean Label and Natural Ingredients, Sustainable Sourcing and Production to Drive Market Growth"

Contemporary consumers display heightened awareness of the products they choose, actively pursuing transparency in labeling. They favor items featuring easily identifiable, natural ingredients and minimal additives. Glycerol monostearate, originating from glycerol and stearic acid, sourced from natural outlets such as vegetable oils, meets this preference. Aligned with the principles of the "clean label" movement, which promotes steering clear of synthetic additives, preservatives, and artificial elements, glycerol monostearate, as a naturally occurring compound, is positively perceived by individuals seeking alternatives to synthetic emulsifiers and stabilizers. There is a growing emphasis on sustainability within industries, and glycerol monostearate derived from raw materials produced sustainably and responsibly may experience increased interest.

GLYCEROL MONOSTEARATE MARKET SEGMENTATION

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• By Type

Based on type the global glycerol monostearate market can be categorized into Monoglyceride Content: 40-50%, Monoglyceride Content: ≥90%, and Other.

Monoglyceride Content: 40-50%: A versatile form of glycerol monostearate, featuring a monoglyceride content between 40% and 50%, is frequently utilized as an emulsifier and stabilizer in the food and cosmetic sectors. Its well-balanced composition renders it apt for improving the texture and extending the shelf life of various products across a diverse range of applications.

Monoglyceride Content: ≥90%: A high-purity variation of glycerol monostearate, boasting a monoglyceride content equal to or exceeding 90%, is highly valued for its powerful emulsifying characteristics. Extensively applied in the food industry, this variant provides heightened stability and stands out as the preferred option for applications requiring a substantial monoglyceride concentration, guaranteeing optimal performance across diverse formulations.

Other: The category labeled as "Other" comprises glycerol monostearate variations with specifications falling outside the defined ranges of 40-50% and ≥90% monoglyceride content. This can encompass specialized formulations tailored to meet specific industrial requirements, providing versatility in application and addressing a wide array of needs beyond the specified concentration ranges.

• By Application

Based on application the global glycerol monostearate market can be categorized into Food & Beverage, Cosmetic, Medical, Plastic Industry, and Others.

Food & Beverage: Glycerol monostearate plays a pivotal role in the food and beverage sector, serving as both an emulsifier and stabilizer. Its widespread application involves enhancing the texture, prolonging shelf life, and preserving the quality of items like baked goods, confectionery, sauces, and processed foods.

Cosmetic: Within the cosmetic sector, glycerol monostearate acts as both an emollient and emulsifying agent, playing a role in ensuring the smooth texture and stability of skincare and personal care items. This includes formulations like creams, lotions, and makeup.

Medical: In the medical domain, glycerol monostearate is utilized, especially in pharmaceutical formulations, where it functions as both an excipient and an emulsifying agent. Its role extends to the production of tablets, ointments, and diverse medicinal formulations.

Plastic Industry: In the realm of the plastic industry, glycerol monostearate serves as a lubricant and release agent during the manufacturing processes of plastics and polymers. Its function involves facilitating the processing and shaping of plastic materials.

Others: The category labeled as "Others" covers a range of diverse applications for glycerol monostearate, potentially extending to industrial uses like in textiles or rubber production. This category provides flexibility to cater to various specialized needs across different sectors beyond the explicitly defined classifications.

DRIVING FACTORS

"Growing Demand in the Food Industry to Boost the Market"

The increasing demand for processed and convenient food products is a key driver behind the glycerol monostearate market growth. Its use as an emulsifying and stabilizing agent contributes to improved texture and extended shelf life, aligning with the expanding market trends.

"Rising Preference for Natural Ingredients to Expand the Market"

The demand for glycerol monostearate sourced from natural origins, like vegetable oils, is propelled by consumer preferences favoring natural and clean label ingredients.

RESTRAINING FACTOR

"Fluctuating Raw Material Prices to Potentially Impede Market Growth"

Sourced from materials like vegetable oils, glycerol monostearate is susceptible to variations in the prices of these raw materials. Such fluctuations have the potential to influence production expenses, thereby impacting the profitability of manufacturers.

GLYCEROL MONOSTEARATE MARKET REGIONAL INSIGHTS

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"North America Region Dominating the Market is driven by the substantial demand in automotive"

The glycerol monostearate market in North America commands a glycerol monostearate market share, primarily propelled by the increasing demand for processed foods and the thriving cosmetic and personal care industry. Consumer preferences for clean label ingredients further influence the market share, encouraging the utilization of glycerol monostearate sourced from natural origins.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through engaging in the manufacturing"

Numerous prominent players participate in the glycerol monostearate market, with Kao Corporation, a Japanese chemical and cosmetics enterprise, taking an active role in producing and distributing glycerol monostearate. This versatile compound is utilized across diverse applications, particularly in the cosmetics and personal care industry.

List of Market Players Profiled

• Wilmar (Singapore)
• DuPont (U.S.)
• KAO (Japan)
• Oleon NV (Belgium)
• BASF (Germany)

INDUSTRIAL DEVELOPMENT

October 2023: The sustained rise in processed food demand globally is expected to boost the growth trajectory of the glycerol monostearate market. Furthermore, the enhancement in quality of life, leading to an increased emphasis on beauty and personal care as essential aspects, along with a gradual consumer shift toward luxury cosmetic brands, is anticipated to contribute significantly to the market's value growth.

REPORT COVERAGE

The future demand for glycerol monostearate market is covered in this study. The Research report includes the Increased Demand for Packaged and Processed Foods due to the Covid-19 Impact. The report covers the latest trends in Clean Label and Natural Ingredients. The paper includes a segmentation of the glycerol monostearate market. The research paper includes the driving factors that are Growing Demand in the Food Industry to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for glycerol monostearate.