Los Angeles, January 13, 2020 -A new report titled, “Global (North America, Europe and China) Glycerol Monostearate Market Research Report 2019-2025” has been added to the chemical and material archive of market research studies. The report has offered an all-inclusive analysis of the key factors having an impact on the Glycerol Monostearate market growth. According to the report, the market size of Glycerol Monostearate is anticipated to reach over US$ 1000 Mn by the end of 2025 and in 2018, the market size was above US$ 900 Mn. The Glycerol Monostearate market is projected to exhibit a sluggish CAGR of 2.0% between 2019 and 2025.
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Factors Positively Influencing the Glycerol Monostearate Market Growth
● Extensive usage of Glycerol Monostearate in the food industry, particularly for ice creams and frozen foods, as thickening agent and emulsifiers
● Growing demand from the cosmetic and pharmaceutical industries for the manufacturing of personal care products and drug, respectively
● Increasing consumption of baked products
● Technological advancements to increase the product efficiency
Demand for Glycerol Monostearate to Increase in the Food & Beverage Sector: The report has analysed the major application segments of the Glycerol Monostearate market including food & beverage, cosmetic, plastic industry, and others. Usage of Glycerol Monostearate is prominently observed in the food & beverage sector as an emulsifying, thickening, and preservative agent. The global Glycerol Monostearate market is segregated based on the type including Monoglyceride Content: 40-50%, Monoglyceride Content: Niobium 90%, and other. Monoglyceride Content is preferred as per the application to be used.
APAC to Create Rewarding Prospects for the Manufacturers: APAC could offer ample growth opportunities for the manufacturers of Glycerol Monostearate on account of substantial growth of the food industry in the developing countries like India. Growing fast food trend is positively impacting the growth of the Glycerol Monostearate market in this region. Strong presence of leading manufacturers to give Asia Pacific an upper hand over other regions.
Extensive R&D to Help Manufacturers Tap Novel Applications: Key manufacturers of Glycerol Monostearate are studied in the market Riken Vitamin, Wilmar, Jialishi Additive, DuPont, Guangzhou Cardlo, Guangzhou Masson, KAO, Hangzhou Oleocheemicals, Corbion, Oleon NV, BASF, Zhejiang Wumei, Stepan, Croda, and Hangzhou Fuchun.
● Key market players are estimated to take up research and development activities so as to tap novel applications of Glycerol Monostearate
● Market participants are also taking up strategic initiatives like collaborations and product development to reinforce their market presence
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