Rutujapatil

The Expanding Horizon of Glycerol Monostearate: Market Trends and Growth Analysis Through 2032

Rutujapatil16 Aug, 2024News

Glycerol Monostearate is a key ingredient in various industries, including food and beverages, pharmaceuticals, and personal care products. Known for its emulsifying and stabilizing properties, GMS is widely used to improve product texture, extend shelf life, and enhance overall quality. The Glycerol Monostearate Market is witnessing a substantial upward trajectory, with the industry poised for significant growth in the coming years. Valued at USD 8.49 billion in 2022, the market is anticipated to expand from USD 8.95 billion in 2023 to USD 14.42 billion by 2032. This represents a promising Compound Annual Growth Rate (CAGR) of approximately 5.44% during the forecast period from 2024 to 2032.