The Glycerol Monostearate (GMS) market is poised for robust growth, with a projected market valuation of US$ 0.5 billion anticipated by the close of 2023. This growth trajectory is underpinned by a steady compound annual growth rate (CAGR) of 5.5% throughout the forecast period from 2023 to 2033.
A significant driver of this expansion is the surging demand emanating from the food and beverage sector. GMS plays a pivotal role in the production of a wide array of food products, including baked goods, dairy items, and confectionery like chocolate. Additionally, it serves as a crucial ingredient in the formulation of various sauces, dressings, and spreads, while also finding application as a preservative and stabilizer in beloved treats like ice cream and whipped cream.
FMI’s latest report on global Glycerol Monostearate market provides analysis on regulatory landscape and profitable epidemiology. The study also tracks global sales of primary Glycerol Monostearate in 20+ high-growth markets, along with the detailed coverage of the impact COVID-19 had on the Glycerol Monostearate market.
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The Versatile Applications of Glycerol Monostearate
- Food Industry: GMS is extensively employed in the food industry as an emulsifier and stabilizer. It enhances the texture and appearance of baked goods, ice creams, and confectionery products. Moreover, it prevents the separation of oil and water in products like salad dressings and peanut butter.
- Pharmaceuticals: Glycerol monostearate is used in pharmaceutical formulations as a lubricant and binder. It aids in the manufacturing of tablets and capsules, ensuring proper release and absorption of active ingredients.
- Personal Care and Cosmetics: In personal care products, GMS functions as an emulsifier and thickener. It is commonly found in creams, lotions, and cosmetics, contributing to their smooth texture and stable formulation.
- Industrial Applications: GMS also plays a significant role in various industrial processes, such as plastics and textiles production. It acts as a release agent, preventing materials from sticking to molds and equipment.
Glycerol Monostearate Market: Competitive Evaluation
The FMI’s Glycerol Monostearate market report provides a comprehensive analysis on key players operating in the Glycerol Monostearate market. Some of the key players are:
- BASF SE
- 3M
- Clariant
- Croda International PLC.
- Evonik Industries AG
- Akzo Nobel N.V.
- Volkel Chemical LLP
- Dupont
- ACM chemicals
- Liberty chemicals
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Glycerol Monostearate Market: Key Segmentation
Application:
- Emulsifier
- Thickening
- Anti-caking
- Stabilizer
- Other
End-User:
- Food and beverages
- Personal care and Cosmetics
- Oilfield Chemicals
- Pharmaceutical
- Agrochemicals
- Others
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