The Glycerol Monostearate Market Size was estimated at 8.49 (USD Billion) in 2022. The Glycerol Monostearate Industry is expected to grow from 8.95(USD Billion) in 2023 to 14.42 (USD Billion) by 2032. The Glycerol Monostearate Market CAGR (growth rate) is expected to be around 5.44% during the forecast period (2024 - 2032).
Key market drivers for the glycerol monostearate market include the rising demand for processed foods and pharmaceuticals, the increasing use of glycerol monostearate as an emulsifier and stabilizer in food and cosmetic products, and the growing awareness of the health benefits associated with glycerol monostearate.
Opportunities to be explored or captured in the glycerol monostearate market include the development of new applications for glycerol monostearate in the food and beverage, pharmaceutical, and personal care industries, the expansion of the market into emerging economies, and the development of new production technologies that can reduce the cost of glycerol monostearate.
Recent trends in the glycerol monostearate market include the increasing demand for natural and organic ingredients, the rising popularity of vegan and vegetarian products, and the growing awareness of the environmental impact of food production. These trends are expected to drive the demand for glycerol monostearate in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The increasing consumer preference for processed and packaged food products is one of the vital factors driving the growth of the Glycerol Monostearate Market Industry. Glycerol monostearate is one of the most commonly used emulsifiers and stabilizers in a variety of food products, such as bakery goods, confectioneries, dairy products, and processed meat. The glycerol monostearate market is expected to grow substantially due to the rapidly increasing usage of processed and packaged foods among consumers.Moreover, the disposable incomes of the population in developing countries are increasing, and the consumers are demanding packaged and processed food products, which in turn is fueling the demand for glycerol monostearate.
Extensive glycerol monostearate applications are found in both the pharmaceutical and personal care industries. In the former, it is used to manufacture many different ointments, creams, and lotions in order to act as a stabilizer and emulsifier. The latter is used in skincare products, hair care products, and cosmetics to help moisturize and thicken products. The demand for such products will only grow due to the increasing demands made by modern consumers and the trend towards chronic diseases.
Technological advancements and the development of new products are further anticipated to boost the growth of the Glycerol Monostearate Market Industry. Key market players are investing in research and development activities to enhance the efficiency and functioning of glycerol monostearate. For instance, the development of new grades of glycerol monostearate ensures highly improved emulsification and stabilization.This ensures that various industries’ different requirements and needs related to glycerol monostearate can be met in the most proficient manner. The scope of application of glycerol monostearate will expand further with these technologically advanced product inventions and boost market growth further.
The Glycerol Monostearate Market is a segmented market. The segmentation has been done on the basis of application, which is further sub-segmented into Food and Beverages, Pharmaceuticals and Personal Care, Chemical and Industrial. The target customer base for the market is given in Table 7. The concentration is the maximum in the Food and Beverages segment, followed by Chemical and Industrial. However, the pharmaceutical and personal care segment is expected to grow at the greatest pace due to several factors, which will be explained later.The Food and Beverages segment of the Glycerol Monostearate Market leads the Glycerol Monostearate Market by application. This is because of its extensive use in Food and Beverages as an emulsifier, stabilizer, and thickener. Glycerol Monostearate helps to prevent oil and water from separating, providing proper texture and thickening, giving cream to products. It also helps to improve the storage of food, making them stay longer in edible condition. Glycerol Monostearate is used in margarine, ice creams, shortening, cream, yogurt, and other baking products.Therefore, the growing demand for food and other items, including convenience food, processed food, food chemicals, and others, has led to the growth of the Glycerol Monostearate Market in the Food and Beverages segment. The Pharmaceuticals and Personal Care segment is no less important and is one of the major markets. Glycerol Monostearate is used to prove emulsifiers, stabilizers, and emollients. The growing demand for daily needs such as hair oil and skin cream is increasing day by day, and at the same time, the demand for drugs for many diseases and disorders has led to an increase in the demand for Glycerol Monostearate.They are used in ointments, cold creams, and other skincare products, as well as in drug manufacturing. Apart from this, the increasing popularity of the cosmetics industry is also leading the market for Glycerol Monostearate. Thus, the growth of the Pharmaceuticals and Personal Care segment is also driving the growth of the Glycerol Monostearate Market. Glycerol Monostearate finds its applications in the Chemical and Industrial segments, too. The Glycerol Monostearate is used as an effective lubricant and anti-foaming agent to reduce the friction between surfaces and avoid the formation of foam by the rubbing of surfaces.It is used as a mold release agent as opposed to being used in the industrial process. It is widely used in manufacturing units, metalworking fluids, lubricants, plastic and rubber production, and detergents. The growth of the Chemical and Industrial segment would be driven by an increase in the number of manufacturing units. The Glycerol Monostearate is expected to grow at a fast pace in the coming years. The food and beverage segment would be the target segment, but the fastest growth would be seen in the pharmaceuticals, personal care, chemical, and industrial segments.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Glycerol Monostearate Market. The Grade segment of this market is divided into 40-42, 45-47, 48-50, 52-54, and 56-58. In 2023, demand for the 48-50 grade is expected to be the highest as it is used extensively in the food and beverage industry. The 40-42 grade is projected to be the next biggest grade as Glycerol Monostearate is utilized widely in the cosmetics and personal care segment. The 52-54 grade, with excellent stabilization and emulsification properties, is expected to be the worst rapidly increasing grade in the pharmaceuticals and nutraceuticals industry.The 45-47 and 56-58 grades are expected to aid the progression of this market as they are being increasingly adopted in a variety of industrial uses.
The Glycerol Monostearate Market segmentation by Emulsifier Type includes Anionic, Nonionic, and Cationic. In 2023, the Anionic segment accounted for the largest share of the market, and it is projected to continue its dominance throughout the forecast period. This growth is attributed to the extensive usage of anionic emulsifiers in various industries, such as food beverages, pharmaceuticals, and personal care cosmetics. Nonionic emulsifiers are expected to witness a steady growth rate during the forecast period due to their wide range of applications in the food industry.Cationic emulsifiers are anticipated to experience moderate growth, primarily driven by their increasing demand in the personal care cosmetics industry.
The regional segmentation of the Glycerol Monostearate Market presents distinct growth patterns and opportunities. North America holds a significant market share, driven by increasing demand from the food and beverage industry. Europe follows closely, with a growing focus on natural and organic ingredients in food products. The Asia Pacific region is projected to witness substantial growth over the forecast period, attributed to rising disposable income and changing dietary habits. South America, the Middle East, and Africa regions also offer potential for market expansion, with growing populations and developing food industries.These regional insights are crucial for businesses operating in the Glycerol Monostearate Market, enabling them to tailor their strategies to specific market dynamics and capture growth opportunities.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The market for glycerol monostearate is influenced by ambitions prevalent across several major players to enhance its presence and expand the distribution network at different end-user avenues. Key participants in the industry are progressively investing in the research and development operations to introduce consumer-driven products. The market is defined by the existence of prominent players alongside new entrants that rely on mergers and collaborations as their major business growth strategies.
Lonza Group AG
Stepan Company
Croda International Plc
Godrej Industries Limited
AkzoNobel NV
The DOW Chemical Company
Huntsman Corporation
Wilmar International Limited
Mitsubishi Chemical Corporation
ADM (Archer Daniels Midland) Company
P Chemicals
Kao Corporation
Cargill, Incorporated
The glycerol monostearate market is projected to reach a value of USD 14.42 billion by 2032, exhibiting a CAGR of 5.44% during the forecast period (2024-2032). The rising demand for glycerol monostearate in the food industry as an emulsifier, stabilizer, and thickener is a key factor driving market growth. Additionally, the increasing use of glycerol monostearate in personal care and cosmetic products, such as creams, lotions, and soaps, is contributing to the market's expansion. The growing popularity of natural and organic personal care products is further fueling demand for glycerol monostearate, as it is a plant-based ingredient. The Asia-Pacific region is expected to witness significant growth in the glycerol monostearate market due to the increasing population and rising disposable income, leading to increased demand for processed foods and personal care products.
Food and Beverages
Pharmaceuticals and Personal Care
Chemical and Industrial
40-42
45-47
48-50
52-54
56-58
Anionic
Nonionic
Cationic
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 8.49(USD Billion) |
| Market Size 2023 | 8.95(USD Billion) |
| Market Size 2032 | 14.42(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 5.44% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Lonza Group AG, Stepan Company, Croda International Plc, Evonik Industries AG, Godrej Industries Limited, AkzoNobel NV, BASF SE, The DOW Chemical Company, Huntsman Corporation, Wilmar International Limited, Mitsubishi Chemical Corporation, ADM (Archer Daniels Midland) Company, P Chemicals, Kao Corporation, Cargill, Incorporated |
| Segments Covered | Application, Grade, Emulsifier Type, Regional |
| Key Market Opportunities | Rising demand in the food industryApplication in pharmaceuticalsGrowth in the cosmetics and personal care industryIncrease in biobased glycerol monostearate productionExpansion into emerging markets |
| Key Market Dynamics | Rising demand from the food and beverage industryGrowing use of personal care productsIncreasing adoption in pharmaceutical applicationsInnovations in production processesFluctuating raw material prices |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Glycerol Monostearate Market was valued at approximately USD 8.95 billion in 2023 and is expected to reach a value of USD 14.42 billion by 2032, exhibiting a CAGR of 5.44% over the forecast period.
North America region is expected to dominate the Glycerol Monostearate Market throughout the forecast period.
Glycerol monostearate finds applications in a wide range of industries, including food, personal care, and pharmaceuticals. In the food industry, it is used as an emulsifier, stabilizer, and texturizing agent in products such as margarine, ice cream, and baked goods. In the personal care industry, it is used as an emollient, surfactant, and thickener in products such as soaps, shampoos, and lotions. In the pharmaceutical industry, it is used as a tablet lubricant, binder, and disintegrant.
Key competitors in the Glycerol Monostearate Market include Lonza Group AG, Stepan Company, Croda International Plc, Evonik Industries AG, Godrej Industries Limited, AkzoNobel NV, BASF SE, The DOW Chemical Company, Huntsman Corporation, Wilmar International Limited, Mitsubishi Chemical Corporation, ADM (Archer Daniels Midland) Company, P Chemicals, Kao Corporation, Cargill, Incorporated
Major growth drivers of the Glycerol Monostearate Market include the increasing demand for packaged and processed foods, rising disposable income, and growing awareness of personal care products. Additionally, the expanding pharmaceutical industry is expected to contribute to the market's growth
The Glycerol Monostearate Market faces challenges such as fluctuations in raw material prices, intense competition, and stringent regulatory requirements. Additionally, the availability of substitutes and the impact of the COVID-19 pandemic may hinder market growth.
The Glycerol Monostearate Market is expected to exhibit a CAGR of 5.44% over the forecast period from 2024 to 2032.
Factors expected to impact the growth of the Glycerol Monostearate Market include the increasing demand for processed foods, rising disposable income, and growing awareness of personal care products. Additionally, the expanding pharmaceutical industry is expected to contribute to the market's growth.
Key trends in the Glycerol Monostearate Market include the increasing adoption of sustainable and eco-friendly products, the growing demand for natural and organic ingredients, and the development of innovative applications in various industries.
The forecast period for the Glycerol Monostearate Market is from 2024 to 2032.
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Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.Â
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