Glycerol monostearate is an organic compound that is derived from glycerol and used as an emulsifier, thickener, and stabilizer in various food products. It can be found in a wide range of products such as pastries, chocolate, margarine, and ice cream. In addition to its uses in food products, glycerol monostearate is also used in the pharmaceutical industry and cosmetics as a binding agent and emollient.
It is relatively easy to manufacture, meaning entrepreneurs can invest in the production of glycerol monostearate and easily capitalize on the existing demand. Additionally, because of its versatility in a variety of different applications, entrepreneurs can produce various types of glycerol monostearate for different markets.
Uses and Application of Glycerol Monostearate
Glycerol Monostearate (GMS) is a widely used emulsifier, surfactant, and thickening agent found in many food products, cosmetics, and pharmaceuticals. GMS is derived from vegetable oils and has a wide range of applications, including as an ingredient in cakes and biscuits, a stabilizing agent in ice cream and chocolate, a preservative in jams and jellies, a binder in animal feed, and a lubricant in medicines.
It helps in producing uniform homogenous mixture of oil and water by keeping the oil and water molecules separate from each other. In the beverage industry, it helps in keeping oil and water in suspension without separating them out into distinct layers.
The use of Glycerol Monostearate has grown rapidly over the past few years due to its versatility and effectiveness in various industries. It is an economical and safe alternative to other ingredients, and its application is increasing across the globe. For entrepreneurs, GMS is a great way to add value to their products, which can result in higher profits.
Indian Market Outlook
The demand for GMS in the Indian market has been on the rise in the last few years due to its increasing usage in many different food and beverage products. This increase in demand has led to an increase in the number of companies that manufacture and supply GMS in India. These companies have invested heavily in research and development of GMS and are now offering products with superior performance and quality.
The future of GMS in India looks bright. The government has been encouraging foreign direct investment (FDI) in this sector through various initiatives, such as providing tax incentives for FDI-based investments. This has further boosted the prospects for GMS manufacturers and suppliers in the country. With increasing demand for GMS products and favourable government policies, entrepreneurs who are looking to invest in this booming industry can expect good returns on their investments.
Global Market Outlook
The global Glycerol Monostearate market accounted for USD 938.3 million in 2020 and is expected to reach USD 1,147.6 million by 2028, growing at a CAGR of around 2.6% between 2021 and 2028. Asia Pacific is expected to record the fastest growth in the future. This can be attributed mainly to the growing fascination of western fast food trend in the region. Asia Pacific is predicted to hold a major share of the total glycerol monostearate market owing to the sharp rise in dairy industry and the presence of major glycerol monostearate manufacturers in this region. There has been tremendous growth in the food industry in India which is expected to spur the growth of the glycerol monostearate market in the coming years.
The business of glycerol monostearate production is booming due to the increase in demand for glycerol monostearate and its versatile application in different industries. Companies are now competing to provide high-quality glycerol monostearate products that meet the needs of the consumer. The increasing demand for glycerol monostearate has resulted in an increase in the production of this product, thus providing entrepreneurs with an opportunity to capitalize on this booming business.
· BASF SE
· Croda International PLC.
· Evonik Industries AG
· Akzo Nobel N.V.
· Volkel Chemical LLP
· ACM chemicals
· Liberty chemicals
· Alpha Chemicals Pvt. Ltd.
· Estelle Chemicals Pvt. Ltd.
· Schulman Inc.