Glycerol Monostearate Market to Reach A CAGR of 3.62% By The Year 2030
Glycerol Monostearate Market Analysis and Size The glycerol monostearate market is witnessing expansion at a rapid pace over the past few years. Additionally, there has been tremendous growth in the food industry and increased demand for packaged food products such as dairy and meat products, bakery, convenience food, and others, which have significantly contributed to the market and positively impacts the overall growth for the market. Furthermore, the market for glycerol monostearate in food and beverage applications is expected to grow significantly in developing economies due to the continuous increase in demand for processed food in countries. These growth determinants will aid the market to flourish rapidly over the forecasted timeframe. The glycerol monostearate market valued at USD 989.23 million in forecast 2022 and is expected to reach USD 1,314.76 million by 2030 to grow at a CAGR of 3.62 % in the forecast period of 2023 to 2030. Get the sample copy of the report : htt...