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The Glycerol Monostearate (GMS) Powder Market is projected to grow by USD 471.49 million with a CAGR of 8.18% during the forecast period 2021 to 2026.
This glycerol monostearate (GMS) powder market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the glycerol monostearate (GMS) powder market segmentation by application (food and beverage, pharmaceutical, cosmetic, and others), product (emulsifier, thickening, anti-caking, and stabilizer), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The glycerol monostearate (GMS) powder market report also offers information on several market vendors, including ACM Chemicals, Alpha Chemicals Pvt. Ltd., BASF SE, Croda International Plc, Dharmasut Masala, Estelle Chemicals Pvt. Ltd., Foodfrillz, Gujarat Amines, Liberty Chemicals, Mohini Organics Pvt. Ltd., Puramio India Pvt. Ltd., and R. M. Chemicals India among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global glycerol monostearate (GMS) powder market. During the COVID-19 pandemic, the demand for the glycerol monostearate (GMS) powder market has been impacted significantly. But a holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Glycerol Monostearate (GMS) Powder Market Driver
The growing demand for GMS as an emulsifier and stabilizer in the F&B industry is one of the key factors driving the global glycerol monostearate powder market growth. Bakery is an integrated part of the food and beverage (F&B) industry. When producing baked goods, the quality must be uniform. To achieve this, it is important that the dough is stabilized before baking. This step is done so that the dough will not collapse due to vibrations during transportation, mechanical strain, or a longer resting time. The quality of the flour is also of extreme importance. Bakery and confectionery product manufacturers tend to use emulsifiers in most of their products to achieve viscosity. This prevents any damage to products during transportation and handling. There are a wide variety of emulsifiers available in the market. GMS powder is commonly used to produce an emulsifier and is also used as a stabilizer across the bakery and confectionery segments. Thus, the growth of the bakery and confectionery segments of the F&B industry is expected to drive the growth of the global GMS powder market during the forecast period.
Key Glycerol Monostearate (GMS) Powder Market Trend
The growing demand for emulsifiers from emerging economies will fuel the global glycerol monostearate (GMS) powder market's growth. The demand for processed foods is increasing worldwide. Processed foods have been the most dynamic segment of the global food and beverage industry in terms of growth, particularly in emerging markets. Enhanced efficiency and production capacity of food processing units have allowed food manufacturers to introduce innovative new emulsifiers. Industrial food manufacturers are continuously striving to meet the rising consumer demand and, at the same time, withstand the pricing pressure from the bullish retail food sector. The global presence of key vendors in the emulsifiers market and the rise of large multinational food companies are indicative of the highly competitive environment. Changing urban lifestyles have given rise to the demand for processed foods. Emulsifiers are essential ingredients in most processed foods. Therefore, they have witnessed substantial demand from manufacturers of such processed foods. Hence, this demand for processed food has helped the processed food industry to grow, which, in turn, is leading to the growth of the global GMS powder market during the forecast period.
Key Glycerol Monostearate (GMS) Powder Market Challenge
Fluctuating raw material prices are the major challenge to the global glycerol monostearate (GMS) powder market growth. Vegetable oil and animal fat are two of the main raw materials required to manufacture glycerol. The supply constraints and fluctuating raw material prices will severely impact the manufacturers of glycerol, which, in turn, drastically affects the production of glycerol globally, thus hampering the production of GMS powder globally. The supply of animal fat remains inelastic, owing to farmers and ranchers not raising their animals for fat and the year-over-year production rate being marginally flat. This has been the major factor underlying the fluctuating prices of animal fat. Thus, inelastic raw material supply and the fluctuations in the prices of the raw materials resulted in the falling production of glycerol, which hindered the growth of the global GMS powder market in 2021. This challenge is likely to continue during the forecast period
This glycerol monostearate (GMS) powder market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global glycerol monostearate powder market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the GMS powder market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the glycerol monostearate (GMS) powder market encompasses successful business strategies deployed by the key vendors. The glycerol monostearate powder market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The glycerol monostearate (GMS) powder market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our In-house experts produce extensive information on the value chain and parent market of the glycerol monostearate (GMS) powder market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
The value chain of the global specialty chemicals market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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35% of the market’s growth will originate from North America during the forecast period. The US is the key market for the glycerol monostearate (GMS) powder market in North America. Market growth in this region will be slower than the growth of the market in other regions.
The growing demand for GMS as an emulsifier and stabilizer in the F&B industry will facilitate the glycerol monostearate (GMS) powder market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the global GMS powder market in North America encountered certain challenges owing to the COVID-19 pandemic. One of the factors that negatively affected the demand for GMS powder in North America in 2020 was the declining social and cultural activities in the region due to the lockdown implemented by the governments of various countries, such as the US, Canada, and Mexico, to contain the spread of COVID-19. As a result, hotels, restaurants, and bakeries across North America had to shut down temporarily in 2020, which negatively influenced the growth of the regional market in 2020. However, in 2021, the initiation of large-scale vaccination drives led to the lifting of the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive market growth during the forecast period.
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The glycerol monostearate (GMS) powder market share growth in the food and beverage segment will be significant during the forecast period. GMS powder is used as an emulsifier, thickener, binder, sweetener, preservative, and stabilizer in savory snacks, confectionaries, and bakery products. It can be used as a softening agent and humectant in cakes, candy, cheese, dairy products, and meat. In addition, GMS powder is made of glycerol and acts as a preservative in F&B products by maintaining their shelf life and preventing spoilage. Thus, all these factors result in the growing demand for GMS powder in the F&B sector, which will foster the growth of the global GMS powder market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the glycerol monostearate (GMS) powder market size and actionable market insights on the post-COVID-19 impact on each segment.
Glycerol Monostearate (GMS) Powder Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.18% |
Market growth 2022-2026 |
$471.49 million |
Market structure |
Fragmented |
YoY growth (%) |
7.93 |
Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, China, India, Japan, and the UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
ACM Chemicals, Alpha Chemicals Pvt. Ltd., BASF SE, Croda International Plc, Dharmasut Masala, Estelle Chemicals Pvt. Ltd., Foodfrillz, Gujarat Amines, Liberty Chemicals, Mohini Organics Pvt. Ltd., Puramio India Pvt. Ltd., and R. M. Chemicals India |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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