Latest News- Glycerol Monostearategms Powder Market: Food and beverage is expected to lead the Application segment during 2024-2028

The Glycerol Monostearategms Powder Market is being driven by Growing demand for GMS as emulsifier and stabilizer in F and B industry

The Glycerol Monostearategms Powder Market is expected to grow at a CAGR of 8.18% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 470.4 million. In the dynamic and competitive landscape of the global food industry, processed foods have emerged as a significant growth driver, particularly in emerging markets. The rising urbanization and changing consumer preferences have fueled the demand for these convenient and long-shelf-life food products. To meet this demand, industrial food manufacturers are continually enhancing their efficiency and production capacity, enabling them to introduce innovative new emulsifiers like Glycerol Monostearate Powder. Key vendors in the emulsifiers market, along with large multinational food companies, are expanding their global presence, creating a highly competitive environment. Despite the pricing pressure from the retail food sector, manufacturers are striving to meet consumer demands and maintain profitability. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Food and beverage
  • Pharmaceutical
  • Cosmetic
  • Others
• Product
  • Emulsifier
  • Thickening
  • Anti-caking
  • Stabilizer
• Geography
  • North America
    • US
  • Europe
    • UK
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for GMS as emulsifier and stabilizer in F and B industry
• Increased demand for glycerol monostearategms powder from personal care industries
• Favorable government policies

However, the market also witnesses some limitations, which are as follows:

• Fluctuating raw material prices
• Availability of feedstock
• Rise in demand for enzymes as substitutes for emulsifiers

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Market Scope in Glycerol Monostearategms Powder Market Research Report

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Research Analysis Overview

The Glycerol Monostearate Powder Market encompasses the production and application of fatty acid esters derived from vegetable oils, including palm oil, soybean oil, and coconut oil. These esters are utilized in various industries such as cosmetics and pharmaceuticals for creating polyglycerol esters, mono- and diglycerides, biodegradable polymers, and compostable materials. In sustainable packaging, green chemistry, and controlled release systems, these esters contribute to innovative solutions for skin penetration, moisturizing agents, skin barrier function, sun protection factors, antioxidant properties, and anti-inflammatory properties. Additionally, they play essential roles in food processing, particularly in bakery products, dairy products, meat products, nutritional supplements, and functional foods.

Market Research Overview

The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of various products, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, the market size is determined by the consolidated revenue of manufacturers dealing in high-value-added chemicals. Factors fueling the expansion of this market include the increasing preference for specialty adhesives and sealants, with growing demand in industries such as construction, automotive, and packaging. Glycerol monostearate, derived from stearic acid, plays a pivotal role as a release agent and anti-caking agent in these applications, contributing significantly to the specialty chemicals market growth. As food additives, glycerol monostearate further bolsters the market's potential, making it an essential component in various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/