Research Nester’s recent market research analysis on “Glycerol Monostearate Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global glycerol monostearate market in terms of market segmentation by product type, content, application, and by region.
Growing Demand for Convenience Food & Beverages to Promote Global Market Share of Glycerol Monostearate
The global glycerol monostearate market is estimated to grow majorly on account of the increased demand for convenience food and beverages. Due to hectic work schedules, people's lives have changed, which has increased demand for ready-to-eat foods and beverages that contain glycerol monostearate powder in different forms. It provides tasty, ready-to-eat, healthy, and simple-to-prepare packaged foods and beverages. These ready-made meals are mainly preferred by more and more health-conscious workers, athletes or sportsmen. Therefore, it is expected to increase the growth of Glycerol Monostearate Powder by increasing the demand for production of such foods to increase shelf life, add texture and creaminess as well as maintain quality overall of the food. Furthermore, the growing urban population shifting towards convenience foods is also expected to be a major driver of increased consumption of convenience foods and demand for glycerol monostearate powder, thereby boosting promote the growth of this market.
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Some of the major growth factors and challenges that are associated with the growth of the global glycerol monostearate market are:
Growth Drivers:
• Surge in Awareness about Low Fat Food Items
• Rising Need in Food Industry
Challenges:
Consumers are becoming increasingly aware of the potential health implications of the ingredients in their personal care products. This trend is driving the demand for natural and organic products, that may put downward pressure on the demand for glycerol monostearate as it is not considered a natural ingredient. Besides, increasing regulatory standards and price fluctuation of raw materials are some of the major factors anticipated to hamper the global market size of glycerol monostearate.
By indication, the global glycerol monostearate market is segmented into food and beverages, personal care and cosmetics, oilfield chemicals, pharmaceutical, agrochemicals. The personal care and cosmetics segment is to garner a significant revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The growth of this market can be attributed on the account of escalating demand for natural and organic cosmetics. It is a natural ingredient that is derived from vegetable oils, that makes it a popular choice for consumers who are looking for natural alternatives to synthetic ingredients.
By region, the North America and Europe glycerol monostearate market is to generate the significant revenue by the end of 2036. This growth is anticipated by growing number of working population in the region which further is raising the demand for glycerol monostearate in the upcoming period.
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