PUBLISHER: Value Market Research | PRODUCT CODE: 1547547
PUBLISHER: Value Market Research | PRODUCT CODE: 1547547
The global demand for Glycerol Monostearate Market is presumed to reach the market size of nearly USD 4 Billion by 2032 from USD 2.23 Billion in 2023 with a CAGR of 6.72% under the study period 2024-2032.
Glycerol monostearate, also known as GMS, is a glycerol ester of stearic acid used as a food additive. It is a sweet-tasting flaky powder that is hygroscopic. Glycerol monostearate occurs naturally in the human body due to the breakdown of fats by the pancreatic lipase. However, glycerol monostearate is also manufactured commercially and used as an emulsifier. It is a food additive and used in packaged food as a thickening agent, emulsifying agent for oils, control release agent in pharmaceuticals, waxes, and solvents, hygroscopic agents for protective coatings, a solidifier, and a preservative agent. Glycerol monostearate is also used in hair-care and cosmetics and products. Glycerol monostearate depends upon its end-use application like food and beverages, paints and polymers, cosmetics, and personal care, oilfield care, pharmaceutical, agrochemicals, and others.
Glycerol monostearate is mainly driven by the food industry, as it accounts for the largest share in the market. The growth is attributed to the rising demand for packaged food products like dairy and meat products, bakery, convenience food, etc. The market of glycerol monostearate in food & beverage applications is expected to witness significant growth in developing countries on the back of the constant increase in demand for processed food in countries. In addition, it is also used in the production of cosmetic and personal care products. With enhancing life quality the personal care is becoming one of the essential, personal care on self-esteem and social interaction, a gradual shift of consumers towards high-end cosmetic brands are some factors to boost the growth of the market. Due to the outbreak of COVID-19, many pharmaceutical companies invest in research and development, which is anticipated to benefit the glycerol monostearate market in the foreseeable future. However, strict regulatory standards, especially in the developed countries, may restrict the growth of the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Glycerol Monostearate. The growth and trends of Glycerol Monostearate industry provide a holistic approach to this study.
This section of the Glycerol Monostearate market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Glycerol Monostearate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Glycerol Monostearate market include Croda International Plc, Oleon NV, Stepan Company, Estelle Chemicals Pvt. Ltd., Corbion, Alpha Chemicals Private Limited, Kao Corporation, Evonik Industries AG, Acm Chemicals, BASF SE. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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