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.
The global glycerol monostearate market is forecasted to grow significantly, reaching a market size of USD 538.7 million by 2024 and anticipated to total USD 920.2 million by 2034. This growth trajectory represents a robust compound annual growth rate (CAGR) of 5.5% over the decade from 2024 to 2034. The market expansion is likely driven by increasing demand across various industries, including food and beverage, cosmetics, pharmaceuticals, and others, where glycerol monostearate is used as an emulsifier, thickening agent, and stabilizer.
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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.
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Key Segments of Market Report
By Type:
The industry is segmented into pearlizing agents, opacifiers, and emulsifiers.
By End-use Industry:
Based on the end-use industry, the sector is divided into personal care, cosmetics, and toiletries.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa.
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