Glycerol Monostearate Emulsifiers Market

Glycerol Monostearate Emulsifiers Market Size by End Use Industry (Personal Care and Cosmetics, Food and Beverages, Pharmaceuticals, Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14171
  • Published Date: Mar, 2024
  • Pages: 237
  • Category: Chemicals & Materials
  • Format: PDF
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The global glycerol monostearate emulsifiers market was valued at USD 900 million in 2023 and grew at a CAGR of 6% from 2024 to 2033. The market is expected to reach USD 1611.76 million by 2033. The expanding applications of glycerol monostearate emulsifiers across diverse industries will drive the growth of the global glycerol monostearate emulsifiers market.

Market Introduction:

Glycerol monostearate (GMS) is a widely used emulsifier in the food industry. It is a compound derived from the esterification of glycerol with stearic acid. It is typically sourced from animal fats or vegetable oils. It is available as a white or off-white waxy solid or powder, soluble in organic solvents and dispersible in water. GMS has a low Hydrophilic-Lipophilic Balance (HLB) value, making it suitable for creating oil-in-water emulsions. It is commonly found in baked goods, dairy products, confectionery, and processed foods. It contributes to texture improvement and extends shelf life by maintaining product stability. GMS is an essential ingredient in the food industry, acting as an emulsifier, stabilizer, and thickening agent. It finds applications in cosmetics and pharmaceuticals, where it is used in creams, lotions, and other formulations. It plays a crucial role in preventing the separation of ingredients and maintaining the overall quality of processed foods. Moreover, GMS is cost-effective, making it an economically viable option for food manufacturers.

Glycerol Monostearate Emulsifiers Market Size

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Recent Development
  • To raise money through a public offering, Indian Emulsifier Ltd. filed its draft red herring prospectus (DRHP) with the NSE. The company plans to issue up to 3,500,000 new equity shares.

Market Dynamics:

Drivers

The expanding food industry – factors like population growth, changing lifestyles, and globalization are contributing to the food industry's expansion and are driving the demand for glycerol monostearate (GMS) emulsifiers. The growing urban population seeks conveniently processed foods like baked goods, dairy items, sauces, and snacks. Globalization and increasing cross-border trade necessitate stable products that can withstand transportation and storage conditions. These factors will contribute to the rising demand for GMS in the food industry as it grows. The surge in demand for GM emulsifiers stems from the food industry's evolution to meet the needs of a growing global population, shifting consumer preferences, and the demand for products with enhanced shelf life and functionality. GMS is crucial in achieving these goals, ensuring the stability and quality of a diverse range of processed food products.

Restraints:

Compatibility and integration challenges their compatibility with various ingredients or formulations is limited. GMS is sensitive to temperature fluctuations, particularly at elevated temperatures, which can compromise its emulsifying properties and product stability. Furthermore, concerns exist regarding GMS's potential health impacts as it is a saturated fat source. Its effects on cholesterol levels and cardiovascular health are detrimental when consumed in large quantities. Its functionality is limited compared to other emulsifiers. Therefore, the chemical challenges of GMS will limit its applications and hamper the market's growth.

  • Researchers evaluated correlations between food emulsifier consumption and cancer risk among NutriNet-Santé study participants in a new study published in PLoS Medicine. Emulsifiers are frequently found in industrially processed foods and have been connected to both a higher risk of cancer and chronic inflammation. These additives support the stabilization of food preparations containing lipids, which comprise a significant portion of the energy consumed from the diet. Unfavourable outcomes, including altered gut microbiota and heightened inflammation, have been linked to an increased risk of chronic diseases such as extraintestinal cancers as well as gut disorders, according to a recent study. Extensive epidemiological research is necessary to ascertain the long-term impact on human health.
Opportunities:

Favourable regulatory environment – regulations ensuring the safety and quality of food additives, including emulsifiers like GMS, do so through rigorous testing and evaluation. Regulatory agencies mandate stability and shelf life criteria for food products, driving the need for emulsifiers like GMS to maintain product stability and prevent spoilage. Compliance with labelling guidelines ensures that emulsifiers, including GMS, are properly disclosed on product labels, fostering trust between consumers and manufacturers. Simplifying regulatory processes facilitates international trade and market access for GMS products. Regulatory requirements drive the demand for GM emulsifiers by prioritizing the food products' safety, quality, and stability.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the most significant global glycerol monostearate emulsifiers market, with a 43% market revenue share in 2023.

The region has the world's largest and rapidly expanding food and beverage markets, fueled by population growth, urbanization, and changing dietary preferences. This surge in demand for processed and convenience foods necessitates emulsifiers like GMS. The rapid industrialization across Asia-Pacific nations has led to significant growth in the food processing and manufacturing sectors. This industrial expansion increases the need for emulsifiers in diverse food products. The region's large and thriving cosmetic industry also contributes to the demand for GMS.

Asia Pacific Region Glycerol Monostearate Emulsifiers Market Share in 2023 - 43%

 

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End-use Industry Segment Analysis

The end-use industry segment is divided into personal care and cosmetics, food and beverages, pharmaceuticals, and others. The food and beverages segment dominated the market, with a market share of around 45% in 2023. The food and beverage industry uses GM's emulsifiers to ensure product quality, processing efficiency, and consumer satisfaction. It enhances the texture of several food products, including baked goods, dairy products, and confectionery. It contributes to extending shelf life, shorter processing times and higher production yields. GMS offers additional functional properties such as thickening, stabilizing, and anti-caking effects, enhancing its versatility in various food and beverage applications. Its multifunctionality allows formulators to achieve desired product characteristics and formulation goals, driving its widespread adoption in the industry. The ever-expanding food and beverages industry due to rapid globalization, increasing disposable income, urbanization and changing dietary preferences indicate the dominance of the industry in the market.

Some of the Key Market Players:
  • Alfa Chemistry
  • Alpha Chemicals Private Limited
  • BASF SE
  • Croda International Plc
  • Estelle Chemicals Pvt. Ltd.
  • Evonik Industries AG
  • Kao Corporation
  • LobaChemie Pvt. Ltd.
  • Oleon NV
  • Spectrum Chemical

Report Description:

Attribute Description
Market Size Revenue (USD Million)
Market size value in 2023 USD 900 Million
Market size value in 2033 USD 1611.76 Million
CAGR (2024 to 2033) 6%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East and Africa. Furthermore, the regions are further analyzed at the country level.
Segments End Use Industry

Frequesntly Asked Questions

As per The Brainy Insights, the size of the global glycerol monostearate emulsifiers market was valued at USD 900 million in 2023 to USD 1611.76 million by 2033.

Global glycerol monostearate emulsifiers market is growing at a CAGR of 6% during the forecast period 2024-2033.

The market's growth will be influenced by the expanding food industry.

Compatibility and integration challenges of glycerol monostearate emulsifiers could hamper the market growth.

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This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global glycerol monostearate emulsifiers market based on below mentioned segments:

Global Glycerol Monostearate Emulsifiers Market by End Use Industry:

  • Personal Care and Cosmetics
  • Food and Beverages
  • Pharmaceuticals
  • Others

Global Glycerol Monostearate Emulsifiers Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

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Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
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Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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