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.
Growth Drivers
Challenges
|
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 |
|
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 |
|
|
Content |
|
|
Application |
|
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.
Author Credits: Smruti Ranjan, Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?