What is Global Glycerol Monostearate Market?
The Global Glycerol Monostearate Market is a vast and dynamic sector that has been gaining significant attention in recent years. Glycerol Monostearate, also known as GMS, is a type of organic molecule used as an emulsifier. It's a white, odorless, sweet-tasting flaky powder that is hygroscopic. It is often used in food and cosmetic industries due to its ability to combine fatty and aqueous substances. The global market for Glycerol Monostearate was valued at a substantial US$ 1006.8 million in 2022. This market is projected to grow at a steady pace, reaching an estimated value of US$ 1158.4 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 2.0% during the forecast period from 2023 to 2029.
Food & Beverage, Cosmetic, Plastic Industry, Others in the Global Glycerol Monostearate Market:
Glycerol Monostearate is widely used in various industries such as Food & Beverage, Cosmetic, Plastic Industry, and others. In the Food & Beverage industry, it is used as an emulsifier, thickening agent, anti-caking agent, and preservative. In the Cosmetic industry, it is used in creams and lotions as a skin conditioning agent and emulsifier. In the Plastic Industry, it is used as an anti-static agent and lubricant. Other uses of Glycerol Monostearate include its application in pharmaceuticals, pet foods, and agrochemicals.
Global Glycerol Monostearate Market Outlook:
In terms of market outlook, the Global Glycerol Monostearate Market is dominated by a few key players. DuPont, a multinational chemical corporation, is the leading supplier of Glycerol Monostearate, accounting for approximately 9.62% of the global market in 2019. The top three players in the global market collectively accounted for 23.03% of the market share, while the top five players held a combined market share of 30.65%. This indicates a highly concentrated market with a few players holding a significant portion of the market share.
| Report Metric | Details |
| Report Name | Glycerol Monostearate Market |
| Accounted market size in 2023 | US$ 1006.8 million |
| Forecasted market size in 2030 | US$ 1158.4 million |
| CAGR | 2.0% |
| 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 | Wilmar, DuPont, Riken Vitamin, Jialishi Additive, Guangzhou Cardlo, Guangzhou Masson, KAO, Hangzhou Oleocheemicals, Oleon NV, Corbion, BASF, Stepan, Croda, Zhejiang Wumei, Hangzhou Fuchun |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
