Mono Diglycerides Market Outlook
According to a new report by Expert Market Research titled, “Mono Diglycerides Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global mono diglycerides market is projected to grow at a CAGR of 7.20% between 2024 and 2032. Aided by growing food and beverage industry and rising demand for convenient and packaged food products, the market is expected to grow significantly by 2032.
Mono diglycerides are a type of emulsifier used predominantly in the food industry. They are fatty acid esters formed from glycerol and one fatty acid chain. This group of substances is commonly used to combine ingredients such as oils and water, which would otherwise not mix well. Beyond the food industry, mono diglycerides are employed in various other sectors including pharmaceuticals, feed, and plastics, owing to their stabilising, emulsifying, and thickening properties.
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The increasing consumer preference for convenience and processed food products is driving the global mono diglycerides market growth. With modern lifestyles becoming more hectic, there has been a significant shift towards ready-to-eat meals, baked goods, and processed snacks, all of which commonly utilise mono diglycerides to maintain product quality and extend shelf life.
The fast-paced lifestyle of the modern consumer has created a robust demand for processed and convenience foods. Mono diglycerides are essential in the production of these goods, as they improve the texture, stability, and shelf life of products. Apart from the food industry, mono diglycerides are used extensively in pharmaceuticals to improve the texture of creams and ointments, in animal feeds to improve mixing, and in plastics to act as antifogging agents.
The Asia Pacific region is expected to account for a substantial mono diglycerides market share, driven by increasing urbanisation, rising disposable income, and the westernisation of diets, particularly in countries like China and India. North America and Europe are mature markets for mono diglycerides, owing to the high consumption of processed foods and stringent food quality standards in these regions.
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With the rise of veganism and plant-based diets, the food industry is undergoing a significant transformation. Mono diglycerides, often derived from vegetable oils, play a vital role in the formulation of these new plant-based products. As these diets continue to gain popularity, it is likely that the demand for mono diglycerides in plant-based food formulations will continue to increase, thereby contributing significantly to the mono diglycerides market expansion.
Mono Diglycerides Market Segmentation
The market can be divided based on source, type, application, and region.
Market Breakup by Source
- Animal Fats
- Vegetable Oils
Market Breakup by Type
- Natural
- Synthetic
Market Breakup by Application
- Bakery
- Confectionery
- Dairy Products
- Convenience Foods
- Beverages
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global mono diglycerides market. Some of the major players explored in the report by Expert Market Research are as follows:
- Lonza Group Ltd.
- Oleon NV
- Estelle Chemicals Pvt. Ltd.
- DuPont de Nemours, Inc.
- BASF SE
- Others
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