The glycerol monostearate market is poised for significant growth, with global demand projected to reach a valuation of USD 0.5 Billion by the close of 2023, exhibiting a robust CAGR of 5.5% throughout the forecast period from 2023 to 2033. This growth is primarily attributed to the escalating demand from the food and beverage industry, where glycerol monostearate finds extensive application. As consumer preferences continue to evolve, and the food industry emphasizes the importance of quality and texture in products, the demand for glycerol monostearate as a versatile emulsifying and thickening agent is expected to drive its market expansion in the years ahead.
Glycerol monostearate (GMS) is a widely used and versatile food additive and industrial ingredient that plays a crucial role in various applications. It is a glycerol ester of stearic acid and is commonly found in both animal and plant fats. The market for glycerol monostearate has experienced significant growth in recent years due to its multifunctional properties and diverse applications.
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Market Drivers:
- Growing Food and Beverage Industry: The food and beverage industry is a major consumer of glycerol monostearate. It is utilized as an emulsifier, thickening agent, and stabilizer in various food products such as baked goods, dairy, and confectionery items. The increasing demand for processed and convenience foods is a key driver for the glycerol monostearate market.
- Rising Demand for Personal Care Products: GMS is widely used in the cosmetic and personal care industry as an emollient and thickening agent. The rising consumer awareness regarding personal care and grooming is contributing to the growth of glycerol monostearate in this sector.
- Pharmaceutical Applications: Glycerol monostearate is used in pharmaceuticals as a lubricant and binder in the production of tablets and capsules. With the pharmaceutical industry continually expanding, the demand for GMS in drug formulation is on the rise.
- Industrial Applications: GMS finds applications in various industrial processes, including the manufacturing of plastics, textiles, and chemicals. Its role as an emulsifying agent makes it valuable in these processes, driving its demand across different industries.
Top Key Players in the Global Market
- BASF SE
- 3M
- Clariant
- Croda International PLC.
- Evonik Industries AG
- Akzo Nobel N.V.
- Volkel Chemical LLP
- Dupont
- ACM chemicals
- Liberty chemicals
- Alpha Chemicals Pvt. Ltd.
- Estelle Chemicals Pvt. Ltd.
- Solvay
- A. Schulman Inc.
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Glycerol Monostearate Market: Segmentation
The global diverse market of glycerol monostearate can be segmented based on application, end-user
Application:
- Emulsifier
- Thickening
- Anti-caking
- Stabilizer
- Other
End-User:
- Food and beverages
- Dairy
- Bakery
- Salty Snakes
- Others
- Personal care and Cosmetics
- Creams and lotions
- Makeup Components
- Personal Hygiene
- Oilfield Chemicals
- Drilling fluids
- Wetting fluids
- Pharmaceutical
- Creams and gels
- Medicines
- Agrochemicals
- Seed coating
- Crop protection
- Others
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