Glycerol Monostearate Market Size & Share, by Product Type (Emulsifier, Thickening, Anti-Caking, Stabilizer); Content (Below 90 Percent, 90-95 Percent, 95-98 Percent, Above 98 Percent); Application (Food & Beverages, Personal care & Cosmetics, Oilfield Chemicals, Pharmaceutical, Agrochemicals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5416
  • Published Date: Nov 29, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Glycerol Monostearate Market size is expected to surpass USD 34 Billion by the end of 2036, expanding around 3% CAGR during the forecast period i.e., 2024-2036. In the year 2023, the industry size of glycerol monostearate was over USD 3 billion. In the production of emulsifiers, glycerol monostearate is produced for commercial use. In the food industry, glycerol monostearate has extensive use as an emulsifier and thickening agent. Therefore, the increasing food and beverage industry is predicted to boost the market as well in the forecast period. By the end of 2026, the global food production is predicted to reach USD 5.5 trillion.

Glycerol monostearate, which is used in the manufacturing of bread, cakes, cookies, as well as other baked goods, has seen a surge in demand due to the expanding popularity of fast food in the West. The American Bakers' Association reports that sales of bread and baked goods reached USD 13.8 billion in 2018, an increase of more than 2.2% year over year and evidence of the growing demand for baked goods such as cakes, cookies, and bread.


Glycerol Monostearate Market
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Glycerol Monostearate Market: Key Insights

Base Year

2023

Forecast Year

2024 - 2036

CAGR

~3%

Base Year Market Size (2023)

~USD 3 billion

Forecast Year Market Size (2036)

~USD 34 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Glycerol Monostearate Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Increasing Development of Clean Label Plant Based Alternatives - The goal of innovative developments in Glycerol Monostearate (GMS) is to improve its use and functionality across a range of sectors. One trend is the creation of plant-based and clean-label GMS substitutes in response to the growing consumer demand for organic components in food items. Furthermore, producers are looking into new ways to tweak GMS for particular uses, such as enhancing emulsion stability or developing customized textures. Because of its mixing and stabilizing qualities, GMS is also being used in non-food applications including pharmaceuticals and personal care items. These patterns demonstrate the ongoing attempts to develop and broaden the uses of glycerol monostearate in a variety of industries.
  • Growing Demand in the Cosmetic and Personal Care Industry - Glycerol monostearate is also used in the manufacture of various cosmetics and personal care products such as creams, shampoos, toiletries, lotions, and makeup ingredients. With the improvement in quality of life, beauty, and personal care, consumers are gradually turning to premium cosmetic brands.
  • Growing Awareness and Investment - Pharmaceutical businesses' increased R&D spending creates lucrative potential for market participants during the predicted period. Furthermore, the glycerol monostearate market is expected to develop in the future due to growing knowledge of its advantages.

Challenges

  • Sustainability Concerns and Environmental Impact – The production of GMS particularly from animal-based sources has raised concerns about its environmental impact, including greenhouse gas emissions and water consumption. Consumers and regulatory bodies are increasingly demanding sustainable alternatives with lower environmental footprints.
  • Increasing Veganism and Meat-Free Trends are Expected to Hamper the Market Growth in the Forecast Period
  • Volatile Raw Material Prices and Availability are Expected to Pose Limitation on the Market Growth in the Upcoming Period


Glycerol Monostearate Segmentation

Product Type (Emulsifier, Thickening, Anti-Caking, Stabilizer)

In terms of product type, the emulsifier segment is predicted to hold around 40% share of the global glycerol monostearate market by the end of 2036. Emulsifier is widely used in the food, agricultural, and pharmaceutical industries, as well as hair care products, cosmetics, paints, inks, and other products. Natural food emulsifiers are found in products such as cookies, extruded snacks, cakes, and soft drinks. They are also used in the cosmetic and personal care domain in order to enhance the texture and spreadability of lotions, creams, and ointments. Additionally, they are used to stabilize emulsions and protect the separation of oil and water. New applications for glycerol monostearate are being developed such as the production of the nano-emulsions. They have a wide range of benefits over traditional emulsions such as enhanced stability and bioavailability.

Application (Food & Beverages, Personal Care & Cosmetics, Oilfield Chemicals, Pharmaceutical, Agrochemicals)

Glycerol monostearate market from the pharmaceutical segment is anticipated to grow significantly by the end of the forecast timeframe. A pharmaceutical ingredient glycerol monostearate is used in a number of applications. It is used as a lubricant and solubilizer in tablet formulations. Glycerol monostearate is contained in some medicinal products, such as those used for the treatment of constipation or diarrhea. It may be useful in helping to increase the absorption of additional medicines into the blood by oral administration, which contributes to market growth and increases global sales of glycerol monostearate. Furthermore, increasing demand for personalized medicines is predicted to the drive the segment growth in the studied period.  As of 2020, number of personalized medicines available in United States was around 286.

Our in-depth analysis of the global market includes the following segments:

          Product Type

  • Emulsifier
  •  Thickening
  •  Anti-Caking
  •  Stabilizer

          Content

  • Below 90 Percent
  • 90-95 Percent
  •  95-98 Percent
  •  Above 98 Percent

          Application

  • Food & Beverages
  •  Personal care & Cosmetics
  •  Oilfield Chemicals
  •  Pharmaceutical
  •  Agrochemicals

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Glycerol Monostearate Industry - Regional Synopsis

APAC Market Forecasts

The glycerol monostearate market in the Asia Pacific region is expected to hold the largest revenue share of 33% during the studied period. The Asia Pacific region is the largest growing market for glycerol monostearate globally due to rapid growth in demand and a strong economy. In the coming years, due to rising demand for processed foodstuffs such as dairy and meat products, convenience foods, or candy in emerging markets, the glycerol monostearate market is expected to be driven by this growth. By 2050, two-thirds of the world's population will live in cities, demand for processed foods and meat protein is growing in the Asia region, and protein consumption has increased by 128 percent Besides this, increasing disposable income of people and the rapidly growing population of emerging countries such as India and China are predicted to accelerate the expansion of glycerol monostearate market in the Asia Pacific region in the future. .

North American Market Statistics

The glycerol monostearate market in the North America region is expected to grow significantly during the time period 2024 – 2036. The growth of this market can be attributed to the account of growing demand for personal care products in the region. In North America, glycerol monostearate is widely used in the manufacturing of organic and chemical-free personal care & cosmetic products such as creams, shampoos, soaps, and more. Additionally, the rising number of the working population present in the region is predicted to raise the demand for glycerol monostearate in the forecast period.   

Research Nester
Glycerol Monostearate Market Size
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Companies Dominating the Glycerol Monostearate Landscape

top-features-companies
    • Jeevika Yugchem Private Limited
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Guangzhou Cardlo Biochemical Technology Co.,LTD
    • Kao Corporation
    • Hangzhou Oleochemicals Co., Ltd
    • Corbion
    • BASF SE
    • Stepan Company
    • JIALISHI ADDITIVES (HAIAN) CO., LTD.
    • Palsgaard Malaysia SDN BHD
    • Nouryon

In-the-news

In The News

  • In June 2020, the acquisition underscores Nouryon's investment strategy to develop leadership positions in attractive growth markets. CMC is used in many end markets, including home and personal care, construction and infrastructure, food, pharmaceuticals and packaging.
  •  In February 2023, Palsgaard, a leading supplier of plant-based additives for plastics, conducted a study in Malaysia to qualify the release agent Einar 201  for  PP applications car. Einar 201, derived from renewable sources, offers excellent performance, degradation resistance and durability, helping to reduce carbon emissions in the plastics industry.  

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5416
  • Published Date: Nov 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand in cosmetic sector and increasing use in end user industry are some of the major factors anticipated to drive the growth of the glycerol monostearate market.

The market is anticipated to attain a CAGR of ~3% over the forecast period, i.e., 2024-2036.

The major players in the market are of Hangzhou Oleochemicals Co., Ltd, Corbion, BASF SE, Stepan Company, JIALISHI ADDITIVES (HAIAN) CO., LTD., Palsgaard Malaysia SDN BHD., Nouryon., and others.

The emulsifier segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Glycerol Monostearate Market Report Scope
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