Global Glycerol Monostearate Market Overview:
Glycerol monostearate is a compound agent and is used as a food additive that helps in emulsifying, thickening, anticaking, and preservative application. The agent prevents the formulation of fat bloom on confectionery and bakery products. It is used in, cosmetics, pharmaceutics, and food & beverages industries. The glycerol monostearate is applicable in water content-based products and should be used in water-fat formulations. The compound is available in the form of flakes, small beads, and powder.
As per latest study released by AMA Research, the Global Glycerol Monostearate market is expected to see growth rate of 3.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Application of Glycerol Monostearate Flakes in Various Cosmetics Applications
Market Growth Drivers:
Growing Demand for the Food Additive in the food and Beverage Industry and Need for the Thickening, Emulsifying and Preservative Agent
Challenges:
Health Allergy Related Risk Associated with Glycerol Monostearate
Restraints:
Regulatory Guidelines and Standards on the Glycerol Monostearate Market
Opportunities:
Rising E-commerce Industry will Boost the Glycerol Monostearate Market and Surging Demand for the Glycerol Monostearate in the Pharmaceutical Industry
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market
Some of the key players profiled in the report are Thermo Fisher Scientific (United States), Corbion (Netherlands), Estelle Chemicals Pvt. Ltd (India), Spectrum Chemical Mfg. Corp. (United States), Sigma-Aldrich (United States), Euro Industrial Chemicals Ltd (Kenya), Liberty Chemicals (India), RM Chemicals (India), ACM Chemicals (India) and Techno Pharmchem (India). Considering Market by Industry Verticals, the sub-segment i.e. Food & Beverage will boost the Glycerol Monostearate market. Considering Market by Form, the sub-segment i.e. Flakes will boost the Glycerol Monostearate market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Glycerol Monostearate market.
Latest Market Insights:
In February 2023, Croda International Plc, a global supplier of specialty chemicals, announced a partnership with Azelis, a leading distributor of specialty chemicals and food ingredients. The partnership will focus on the distribution of Croda's personal care ingredients, including Glycerol Monostearate, in the Asia Pacific region.
In April 2023, Kao Corporation, a Japanese multinational consumer goods company, launched a new line of hair care products containing Glycerol Monostearate for improved manageability and shine.
"Glyceryl Stearate and Glyceryl Stearate/SE may contain 200 ppm butylated hydroxytoluene (BHT), which is added by the manufacturer as a preservative.(') BHT is a Generally Recognized as Safe (GRAS) substance for which regulations have been issued under the Food, Drug, and Cosmetic Act.) Its use in food as a GRAS food additive is limited to 0.02%. Glyceryl Stearate is a GRAS substance regulated by the Food, Drug, and Cosmetic Act. (391 Its concentration in food ranges from 0.01 to 2.0%; the possible average daily intake, based on the types of food consumed, is about 15 mg/kg for persons aged two or older and 150 mg/kg for infants. Glyceryl Stearate is also approved as a specific indirect food additive, under the regulation of the Food, Drug, and Cosmetic Act."
What Can be Explored with the Glycerol Monostearate Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Glycerol Monostearate Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Glycerol Monostearate
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Glycerol Monostearate market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Glycerol Monostearate market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Glycerol Monostearate Manufacturers, Glycerol Monostearate International Traders, Glycerol Monostearate Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.