Glycerol Monostearate Market Segmentation:
Product Type Segment Analysis
In terms of product type, the emulsifier segment is predicted to hold around 40% share of the global glycerol monostearate market by the end of 2035. Emulsifier is widely used in the food, agricultural, and pharmaceutical industries, as well as hair care products, cosmetics, paints, inks, and other products. Natural food emulsifiers are found in products such as cookies, extruded snacks, cakes, and soft drinks. They are also used in the cosmetic and personal care domain in order to enhance the texture and spreadability of lotions, creams, and ointments. Additionally, they are used to stabilize emulsions and protect the separation of oil and water. New applications for glycerol monostearate are being developed such as the production of the nano-emulsions. They have a wide range of benefits over traditional emulsions such as enhanced stability and bioavailability.
Application Segment Analysis
Glycerol monostearate market from the pharmaceutical segment is anticipated to grow significantly by the end of the forecast timeframe. A pharmaceutical ingredient glycerol monostearate is used in a number of applications. It is used as a lubricant and solubilizer in tablet formulations. Glycerol monostearate is contained in some medicinal products, such as those used for the treatment of constipation or diarrhea. It may be useful in helping to increase the absorption of additional medicines into the blood by oral administration, which contributes to market growth and increases global sales of glycerol monostearate. Furthermore, increasing demand for personalized medicines is predicted to the drive the segment growth in the studied period. As of 2020, number of personalized medicines available in United States was around 286.
Our in-depth analysis of the global market includes the following segments:
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