Global Glycerol Monostearate Market Size, Share, and COVID-19 Impact Analysis, By Purity (<90% and >90%), By Application (Emulsifier, Thickener, Preservative, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Global Glycerol Monostearate Market Insights Forecasts to 2033  

• The Global Glycerol Monostearate Market Size was Estimated at USD 1.67 Billion in 2023
• The Global Glycerol Monostearate Market Size is Expected to Grow at a CAGR of around 6.35% from 2023 to 2033
• The Worldwide Glycerol Monostearate Market Size is Expected to Reach USD 3.09 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Glycerol Monostearate Market Size is expected to cross USD 3.09 Billion by 2033, growing at a CAGR of 6.35% from 2023 to 2033. The food and beverage industry has an important opportunity for the glycerol monostearate market due to its use of the substance as a stabilizer and emulsifier in the manufacturing of a variety of products, including dairy products, confections, and baked products. 

Market Overview  

Producing, distributing, and using glycerol monostearate, a lipid molecule that serves as an emulsifier, stabilizer, and thickening agent, are all included in the glycerol monostearate market. It is commonly used to increase product stability, prevent component separation, and improve texture in sectors including food and beverage, cosmetics, and medicines. Its global reach and wide range of industrial uses are reflected in its segmentation by regions, applications, and purity levels. The primary drivers of this growth are the rising need for bio-based emulsifiers and the expanding knowledge of the advantages of glycerol monostearate in a variety of end-use sectors, including pharmaceuticals, food & beverage, and personal care & cosmetics. Glycerol monostearate has been added to product formulations by manufacturers in response to consumer demand for clean-label products, which has driven glycerol monostearate market expansion. Growing customer desire for convenience meals and increased knowledge of the advantages of natural and organic products are some of the reasons driving the glycerol monostearate market's expansion.      

Report Coverage

This research report categorizes the glycerol monostearate market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the glycerol monostearate market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the glycerol monostearate market.  

Driving Factors

The growing demand for processed foods and medications, the growing use of glycerol monostearate as a stabilizer and emulsifier in food and cosmetic products, and the growing awareness of the substance's health benefits are the main factors driving the glycerol monostearate market. One of the key reasons driving the expansion of the glycerol monostearate market is the growing customer inclination for packaged and processed foods. The need for glycerol monostearate is being driven by rising disposable incomes and customer demands for packaged and processed foods in emerging nations.  

Restraining Factors

The growing demand for processed foods, rising disposable income, and increased awareness of personal care products are some of the factors anticipated to restrict the growth of the glycerol monostearate market.     

Market Segmentation  

The glycerol monostearate market share is classified into purity and application.        

• The <90% segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the purity, the glycerol monostearate market is divided into <90% and >90%. Among these, the <90% segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Lower amounts of the target chemical or contaminants are present in GMS with a purity of <90%. Depending on the production method and quality control procedures, impurities might change. There could be additional uses for GMS with <90% purity in industries where strict GM purity standards is not necessary.   

• The emulsifier segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the glycerol monostearate market is divided into emulsifier, thickener, preservative, and others. Among these, the emulsifier segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. GMS is an effective emulsifier as it is an ester of glycerol and stearic acid with both hydrophilic and lipophilic properties. Its molecular structure, which consists of a hydrophilic head and a lipophilic tail that combines with oily substances, provides it the capacity to create stable oil-in-water emulsions.  

Regional Segment Analysis of the Glycerol Monostearate Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the glycerol monostearate market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the glycerol monostearate market over the predicted timeframe. The GMS market in Asia Pacific has benefited from significant industrial and economic growth in the region, which includes growing nations like Bangladesh and Vietnam as well as major economies like China, Japan, and India. Moreover, the demand for GMS-using medicinal formulations, cosmetic goods, and processed foods has increased as a result of this economic boom. Due to its large customer base and rising disposable income, the glycerol monostearate market in China grew quickly, dominating the Asia Pacific market.  

North America is expected to grow at the fastest CAGR growth of the glycerol monostearate market during the forecast period. The market for glycerol monostearate in North America is driven by the region's large end users and a well-established food processing industry, which is in turn powered by the region's rising processed food consumption. Another significant end-user of glycerol monostearate is the well-established pharmaceutical sector in North America, which uses it to enhance the emulsifying qualities of medications.    

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the glycerol monostearate market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF SE
• AkzoNobel NV
• Cargill, Incorporated
• Lonza Group AG
• Evonik Industries AG
• Godrej Industries Limited
• Croda International Plc
• Huntsman Corporation
• Kao Corporation
• Stepan Company
• Wilmar International Limited
• Mitsubishi Chemical Corporation
• The DOW Chemical Company
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In March 2023, Croda International plc, which is represented in India by Croda India, its Indian subsidiary, announced that it plans to spend USD 5.4 Billion to construct a greenfield manufacturing site in Dahej, Gujarat. The increased demand for pharmaceutical and personal care items will be met in part by the new facility.   

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the glycerol monostearate market based on the below-mentioned segments: 

Global Glycerol Monostearate Market, By Purity  

• <90%
• >90%

Global Glycerol Monostearate Market, By Application

• Emulsifier
• Thickener
• Preservative
• Others

Global Glycerol Monostearate Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa