What is Global Distilled Monoglyceride Market?
The Global Distilled Monoglyceride Market is a vast and dynamic sector that deals with the production, distribution, and consumption of distilled monoglycerides. These are a type of emulsifier used in food and industrial applications to mix ingredients that would otherwise separate, such as oil and water. The market is global in nature, with various regions contributing to its growth and development. The distilled monoglyceride market is a crucial component of the larger food and industrial sectors, playing a significant role in the production of various products. It's a market that is influenced by a variety of factors, including technological advancements, consumer preferences, and global economic conditions.
Food Grade, Industrial Grade in the Global Distilled Monoglyceride Market:
The Global Distilled Monoglyceride Market is segmented into two main categories based on grade: Food Grade and Industrial Grade. Food Grade distilled monoglycerides are used as emulsifiers in the food industry. They help to improve the texture and shelf life of various food products, including baked goods, dairy products, and confectionery. On the other hand, Industrial Grade distilled monoglycerides are used in a variety of industrial applications. They are used as emulsifiers in the production of plastics, resins, and other industrial products. The demand for both Food Grade and Industrial Grade distilled monoglycerides is influenced by various factors, including changes in consumer preferences, technological advancements, and regulatory policies.
Desserts and Dairy Products, Pastries and Bakery Products, Plastic Additives, Others in the Global Distilled Monoglyceride Market:
The Global Distilled Monoglyceride Market finds its usage in various areas. In the realm of desserts and dairy products, it acts as a stabilizer, preventing the separation of ingredients and extending shelf life. In pastries and bakery products, it improves the texture and consistency of the dough, making it easier to work with and resulting in a better final product. As a plastic additive, it helps in the production process, improving the properties of the final product. In other areas, it finds its usage based on the specific requirements of the industry. The versatility of distilled monoglycerides makes them an essential component in various industries.
Global Distilled Monoglyceride Market Outlook:
The outlook for the Global Distilled Monoglyceride Market is positive. In 2022, the market was valued at US$ 791.5 million and is expected to reach US$ 839.1 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 2.2% during the forecast period of 2023-2029. China is the largest market for distilled monoglycerides, accounting for about 28% of the global market share. Europe follows closely behind, accounting for about 26% of the market share. The top five companies in the market hold about 45% of the market share, indicating a relatively high level of concentration. In terms of product segmentation, food grade distilled monoglycerides represent the largest segment, accounting for over 90% of the market.
| Report Metric | Details |
| Report Name | Distilled Monoglyceride Market |
| Accounted market size in 2023 | US$ 791.5 million |
| Forecasted market size in 2030 | US$ 839.1 million |
| CAGR | 2.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Danisco, Kerry, Riken Vitamin, Palsgaard, Corbion, Kevin Food, Guangzhou Cardlo Biochemical, BASF, Guangzhou Jialishi Food, Kao Chemicals, Hangzhou Fuchun Food Additive, Wilmar International, ZTCC, IFF, Hangzhou Oleochemicals Co., Ltd. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
