Glycerol Monostearate Market Size

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.