Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.78 Billion | USD 3.00 Billion | 5.4% | 2024 |
The global glycerol monostearate market size was worth around USD 1.78 Billion in 2024 and is predicted to grow to around USD 3.00 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.4% between 2025 and 2034. The report analyzes the global glycerol monostearate market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the glycerol monostearate industry.
Glycerol monostearate is the glycerol ester of stearic acid and is hygroscopic in nature. Glycerol monostearate is generally used as a food additive such as thickening, anti-caking, emulsifying, and preservative agents. Growing use of glycerol monostearate in the pharmaceutical industry is anticipated to bolster the growth of the glycerol monostearate market in the coming years. Glycerol monostearate is widely used as a food additive and also used in preservation of food. Glycerol monostearate is also used to provide smooth texture to ice creams and whipped cream.
Glycerol monostearate is generally used as an emulsifier and thickening agent in food & beverage industry and cosmetic industry. It is also used as a stabilizer in the pharmaceutical industry. Rapidly escalating food & beverage industry in India is expected to drive the glycerol monostearate market in the coming years. Moreover, the sharp rise in demand for cosmetic products in India is likely to foster the growth of the glycerol monostearate market within the forecast period. There has been a strong growth in the fast food chain which is expected to positively influence the growth of the glycerol monostearate market in the future. On the flip side, availability of various substitutes may limit the growth of the glycerol monostearate market. Nevertheless, increasing glycerol monostearate demand from emerging economies along with ongoing research for untapped applications is expected to aid the growth of glycerol monostearate market in the coming years.
Glycerol monostearate is a glycerol ester of stearic acid used as a food additive. It is a sweet flaky powder that is hygroscopic in nature. Glycerol monostearate occurs in our body as a result of the breakdown of fats by the pancreatic lipase. However, glycerol monostearate is also manufactured commercially and used as an emulsifier.
Glycerol monostearate is widely used in the food industry as an emulsifier and thickening agent. The rapidly growing cosmetics industry is likely to foster the growth of glycerol monostearate market within the forecast period. Furthermore, use of glycerol monostearate as a stabilizer in the pharmaceutical sector is anticipated to boost the glycerol monostearate market growth. However, the presence of several substitutes in the market may obstruct the growth of the glycerol monostearate in the future. Nevertheless, growing food industry is expected to offer ample opportunities for the glycerol monostearate market in the coming years.
There has been a tremendous rise in food & beverage industry in India which is expected to spur the glycerol monostearate market growth within the forecast period. India held the third-highest share in the pharmaceutical market in terms of volume and fourteenth in terms of value across the globe. This factor is expected to positively impact the growth of glycerol monostearate market in the coming years. Other factors contributing to the splendid growth of glycerol monostearate in India is the massive consumption of baked products and the sharp rise in the cosmetics industry.
Report Attributes | Report Details |
---|---|
Report Name | Glycerol Monostearate Market |
Market Size in 2024 | USD 1.78 Billion |
Market Forecast in 2034 | USD 3.00 Billion |
Growth Rate | CAGR of 5.4% |
Number of Pages | 110 |
Key Companies Covered | Lonza Group AG, Stepan Company, Croda International Plc, Evonik Industries AG, Godrej Industries Limited, AkzoNobel NV, BASF SE, The DOW Chemical Company, Huntsman Corporation, Wilmar International Limited, Mitsubishi Chemical Corporation, Kao Corporation, Cargill, Incorporated, and others. |
Segments Covered | By Purity, By Application, By End-use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global glycerol monostearate market is segmented based on Purity, Application, End-use, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2025 to 2034.
Based on Purity, the global glycerol monostearate market is divided into <90%, >90%.
On the basis of Application, the global glycerol monostearate market is bifurcated into Emulsifier, Thickener, Preservative, Other Applications.
By End-use, the global glycerol monostearate market is split into Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, Other End-Uses.
The Regional, this segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America,and the Middle East and Africa.
The glycerol monostearate market demonstrates varied regional dynamics, with Asia-Pacific emerging as the dominant region due to rapid industrialization, expanding food processing industries, and increasing demand for personal care products in countries like China and India. North America and Europe also hold significant shares, driven by strong demand in the food, pharmaceuticals, and cosmetics sectors, alongside stringent regulations promoting the use of safe emulsifiers. Meanwhile, Latin America and the Middle East & Africa are witnessing steady growth, supported by rising urbanization, changing dietary habits, and expanding manufacturing sectors. Overall, regional growth is shaped by diverse end-use applications, economic development, and evolving consumer preferences.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the glycerol monostearate market on a global and regional basis.
The global glycerol monostearate market is dominated by players like:
The global glycerol monostearate market is segmented as follows;
By Purity
By Application
By End-use
FrequentlyAsked Questions
Glycerol monostearate is the glycerol ester of stearic acid and is hygroscopic in nature. Glycerol monostearate is generally used as a food additive such as thickening, anti-caking, emulsifying, and preservative agents. Growing use of glycerol monostearate in the pharmaceutical industry is anticipated to bolster the growth of the glycerol monostearate market in the coming years. Glycerol monostearate is widely used as a food additive and also used in preservation of food. Glycerol monostearate is also used to provide smooth texture to ice creams and whipped cream.
The global glycerol monostearate market is expected to grow due to rising demand in food & beverage as an emulsifier, growing use in cosmetics and pharmaceuticals, increasing processed food consumption, and expansion in industrial applications.
According to a study, the global glycerol monostearate market size was worth around USD 1.78 Billion in 2024 and is expected to reach USD 3.00 Billion by 2034.
The global glycerol monostearate market is expected to grow at a CAGR of 5.4% during the forecast period.
Asia-Pacific is expected to dominate the glycerol monostearate market over the forecast period.
Leading players in the global glycerol monostearate market include Lonza Group AG, Stepan Company, Croda International Plc, Evonik Industries AG, Godrej Industries Limited, AkzoNobel NV, BASF SE, The DOW Chemical Company, Huntsman Corporation, Wilmar International Limited, Mitsubishi Chemical Corporation, Kao Corporation, Cargill, Incorporated, among others.
The report explores crucial aspects of the glycerol monostearate market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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