Glycerol Monostearate Market Regional Analysis:
APAC Market Insights
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 Insights
The glycerol monostearate market in the North America region is expected to grow significantly during the time period 2024 – 2035. 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.
