Global Mono Diglycerides Market Report and Forecast 2024-2032

Global Mono Diglycerides Market Outlook

The global mono diglycerides market is expected to grow at a CAGR of 7.2% in the forecast period of 2024-2032.

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Growing Food and Beverage Industry to Bolster the Demand for Mono Diglycerides

The thriving food and beverages sector is significantly contributing to the growth of the mono diglycerides industry. Mono diglycerides can be used as an emulsifier and are extensively added in food products to enhance their shelf life. The growing consumption of baked goods, confectionery, and dairy products, among others, is driving the demand for food additives, which, in turn, is propelling the mono diglycerides industry growth.

The Asia Pacific to Significantly Contribute to the Mono Diglycerides Industry Growth

Region-wise, the Asia Pacific is expected to provide enhanced growth opportunities for the market expansion in the forecast period. The growing demand for packaged food products in emerging nations like India and China is pushing the growth of the regional market. The Middle East and Africa is also expected to provide lucrative growth opportunities to the industry over the forecast period owing to the development of the food processing sector.

Mono Diglycerides: Market Segmentation

Mono diglycerides simply refer to fatty acids. In particular, it is a mixture of mono and diglyceryl esters of long chain, saturated, and unsaturated fatty acids found in food oils and fats. They may include small amounts of glycerol. In chemical terms, mono glycerides and diglycerides are defined as esters of the trihydroxy alcohol (glycerol) wherein one or two of the hydroxyl groups are esterified with a long chain fatty acid. Mono diglycerides can be produced by using animal fats or vegetable oils like soybean, canola or rapeseed, cottonseed, sunflower, coconut, or palm oil as the starting material.

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By source, the market is bifurcated into:

• Animal Fats
• Vegetable Oils

Based on type, the industry can be segmented into:

• Natural
• Synthetic

On the basis of application, the industry is categorised into:

• Bakery
• Confectionery
• Dairy Products
• Convenience Foods
• Beverages
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Demand for Convenient and Packaged Food Products to Augment the Mono Diglycerides Industry Growth

The rising consumer demand for convenient and on-the-go food products is driving the growth of the mono diglycerides industry. The growth of the packaged food industry is leading to an increased demand for food preservatives, which is contributing to the industry growth. This is further supported by the escalating consumer disposable incomes, changing dietary patterns, busy lifestyles, and rapid urbanisation.

Over the forecast period, the advancements in the food processing sector and new product launches by the food and beverage manufacturers are expected to have a positive effect on the expansion of the global mono diglycerides industry. However, the stringent regulations regarding the use of synthetic chemicals may hamper the industry growth in the forecast period.

Key Industry Players in the Global Mono Diglycerides Market

The report gives a detailed analysis of the following key players in the global mono diglycerides market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Lonza Group Ltd.
• Oleon NV
• Estelle Chemicals Pvt. Ltd.
• DuPont de Nemours, Inc.
• BASF SE
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report