Glycerol Monostearate Market Trends

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 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)

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 Trends