Acetylated Monoglycerides Market

Acetylated Monoglycerides Market Size and Share Analysis

The global acetylated monoglycerides market revenue is expected to increase from US$303.5 Mn in 2024 to US$415.4 Mn by the end of 2032. The market is projected to exhibit a CAGR of 4% during the forecast period from 2024 to 2032.

Key Highlights of the Market

• The use of acetylated monoglyceride (AMG) as emulsifier has significantly increased in the chemical industry contributing to market growth.
• Increasing preference toward clean-label and healthy products mark important market trends that shape AMG demand.
• Liquid acetylated monoglyceride is used as a releasing agent or as an oiling and polishing agent in foaming applications.
• The food industry held the significant market share in the global market in 2022.
• Liquid form of acetylated monoglycerides is estimated to lead the market.
• Italy to record a 4.6% CAGR through 2032.

Attributes	Key Insights
Acetylated Monoglycerides Market Size (2024E)	US$303.5 Mn
Projected Market Value (2032F)	US$415.4 Mn
Global Market Growth Rate (CAGR 2024 to 2032)	4%
Historical Market Growth Rate (CAGR 2019 to 2023)	3.2%

Market Introduction and Trend Analysis

Acetylated monoglycerides (AGM) are mainly used in baked goods such as cakes and other food formulations. They are typically added during the initial phase, i.e., liquid phase or batter.

AGM are also used in fillings, frostings, and whipped cream to help stabilize and extend their life. They tend to improve foaming and whipping properties in vegetable fat-based creams.

There are several acetylated monoglycerides uses like emulsifiers in different food applications including confectionery, dairy products and bakery items. The usage of acetylated monoglyceride as plasticizers & lubricants and additives for plastics & rubber is prominent.

The usage in finished products enhances the performance and appearance of the products. It has humectant properties that make it an ideal ingredient for cosmetics and personal care products.

The burgeoning processed food sector, especially in developing nations, is driving the surge in demand for acetylated monoglycerides. Those regions experiencing swift urbanization, evolving dietary preferences, and rising affluence are witnessing amplifying consumption of processed and convenient food options. This bolsters the market forecast.

Acetylated monoglycerides in food plays an important role as essential additives. Acetylated monoglycerides are pivotal in enhancing the sensory attributes and uniformity of these products, thereby prompting their widespread adoption among food producers.

Historical Growth and Course Ahead

Acetylated monoglyceride has long served as a crucial emulsifier and stabilizer in the food industry, particularly enhancing the quality of baked goods, dairy items, and margarine.

Technological advancements in production have significantly bolstered the efficiency and affordability of manufacturing AMG, broadening its applicability across diverse sectors.

The acetylated monoglycerides market witnessed moderate growth and registered a value CAGR of 3.2% during the historical period from 2019 to 2023.

There is a projected surge in demand for processed foods in emerging markets as global economies progress and consumer tastes evolve. This anticipated growth is poised to amplify the utilization of AMG.

Concurrently, there is a notable shift in consumer preferences toward healthy, clean-label products. AMG's natural properties as an emulsifier and stabilizer position it favorably within these evolving dietary trends. The market is expected to record a CAGR of 4% during the forecast period.

Market Growth Drivers

Increased Pharmaceutical Application as Emulsifiers

Emulsifiers are recommended in the pharmaceutical industry for unsaturated lipid components as they are derived from vegetable oils.

Emulsifiers are used as dispersants and wetting agents for calamine, zinc oxide, and penicillin. They also act as softeners, bodying agents, humectants, and stabilizers in pharmaceutical creams.

Some emulsifiers are used as inactive substances that provide a medium for drug or tablet production. The increasing use of acetylated monoglycerides in food and pharmaceutical application drives the market growth.

Completely acetylated monoglycerides can be used to lower cholesterol levels as well as neutral fats in the human blood. Hence, they are used in the production of pharmaceutical compositions in addition to dietary food products targeting reduced cholesterol levels.

Increasing Need for Plasticizers

Plastic additives are ingredients that are added to polymer resins to improve their durability and heat sensitivity, as well as impart various functionalities. These additives also enhance the processability, performance, and appearance of end products.

Plastic additives have found widespread applications in packaging, automotive, consumer goods, and other applications such as furniture, construction, and agriculture. Plasticizers are one of the most commonly used plastic additives.

Demand for plastic additives is increasing due to the replacement of conventional products in the construction, infrastructure, and automobile sectors with plastic products.

Demand is further propelled by high consumer preference for plastic products owing to their lower prices, better functionality, and increased durability. For instance,

• International Flavor and Fragrance (IFF) offers ACETEM that has applications in PVC and cling film manufacturing. The key functional attributes of the product are aeration and foam stabilizing and film-forming capabilities. It is also an efficient plasticizer.

R&D Investments, and Acquisitions

Research & development plays a vital role in the acetylated monoglycerides market. Producers are investing in intensive research & development to extend the application of products.

In recent years, the use of food emulsifiers such as acetylated monoglycerides has grown due to their various functional properties.

Leading companies are also opting for mergers and acquisitions to expand their emulsifier portfolios and technology collaborations.

Innovations in the application of acetylated monoglycerides will provide lucrative growth opportunities to players in the global market.

• In 2019, International Flavors & Fragrances Inc. announced the acquisition of Speximo AB, a Swedish technology company focused on developing stabilization and encapsulation products. It is equipped with highly advanced technologies, providing a competitive advantage in the marketplace with its sustainable multifunctional emulsifiers and texturing ingredients.

Factors Impeding the Market

Increase in Price of Oils

Food emulsifiers are produced through alcoholysis or the direct esterification of edible fatty acids that are derived from animal or vegetable sources with polyols.

Esters of mono & diglycerides are derived from palm oil, castor, soybean, and other plant-based oils. The slightest fluctuation in oil prices will stifle the production of the esters of mono & diglycerides.

A few Factors have a direct impact on the production of acetylated monoglycerides. An increase in the prices of oils is attributable to many factors, including-

• The shifting of demand from the food industry
• Labor issues due to lockdowns in many plant-based oil-producing countries such as Indonesia, and Malaysia
• Climatic impact on soybean producing areas
• Imposing of import duties on palm oil in India

Stringent Regulatory Norms

Additives, although used in minor quantities, are critical in terms of performance in end-use materials, be it food, plastic, or any other product. This makes it imperative for customers who are using these additives to validate their quality and performance thoroughly.

In addition to performance, since many of these additives are used in food, feeds, and food packaging materials, they also need to comply with stringent health and environment-related regulations globally.

Any failure in quality standards may lead to the loss of reputation and goodwill of a company, order cancellations, and customer loss.

Food products and their ingredients, food contact packaging materials, pharma packaging, feed nutrition additives, and cosmetic substances are subject to high regulatory standards.

Similar regulations also apply to plastic additives used in manufacturing packaging materials used for food packaging and medical products. Expensive and lengthy validation tests create a high entry barrier for any company while targeting new customers, geographies, and applications.

Future Opportunities for AMG Producers

Environmental Safety Concerns Around Harmful Emulsifiers

The cosmetics industry has evolved in terms of product offerings as well as the ingredients used in various cosmetic products over the past two decades.  

Owing to the several side effects associated with the use of conventional emulsifiers, manufacturers are now coming up with several other types of safe emulsifiers in production of cosmetic products.

Consumers are seeking for products which are safe and made using natural ingredients because of the increasing environmental safety issues about the harmful emulsifiers use. This provides a lucrative opportunity for the manufacturers in the market. For example,

• GRINDSTED Soft-N-SAFE and GRINDSTED ACETEM offered under DuPont’s Nutrition & Biosciences by International Flavors & Fragrances Inc. are ideal for skin contact applications.

Category-wise Analysis

Liquid Form of Acetylated Monoglycerides Most Preferred

Category	Market Value in 2032
By Form - Liquid	US$255.3 Mn

Liquid acetylated monoglycerides hold significant acetylated monoglycerides market share in the global market. These are used as release agents or oiling & polishing agents to help in forming stable films on the surface of confectionery products.

Demand for the liquid form of acetylated monoglycerides is expected to increase at a significant growth rate and reach a market valuation of US$255.3 Mn by the end of 2032.

Food Industry Brings in the Most Revenue for Market Players

Category	Market Value in 2022
By End User - Food Industry	US$204.5 Mn

The food industry has progressed in terms of its product offerings, which drives the demand for various food specialty ingredients.

Emulsifiers are used as a specialty ingredient to maintain product quality and enhance the texture of products. This in turn, indirectly drives the market for acetylated monoglycerides. Food industry valued at US$204.5 Mn in 2022.

Country-wise Analysis

Key Countries in Europe to Exhibit Promising Growth Potential

Key Countries	CAGR through 2032
Italy	4.6%
Spain	4%
Poland	3.9%

Italy, Spain, and Poland are the leading economies in Europe. These countries exhibit the high growth potential and are expected to register value CAGRs of 4.6%, 4%, and 3.9%, respectively, during the forecast period.

Emulsifiers are associated with various low-fat food benefits to meet the growth opportunities that arise from health-conscious consumers. These also cater to the rising demand for functional, packaged, and convenience foods.

Competitive Landscape Analysis

Key players engaged in the production of acetylated monoglycerides are favoring innovation and new product development for the expansion of their portfolios. Furthermore, manufacturers are establishing new production facilities across countries to increase their global footprint.

Companies differentiate themselves based on product quality, purity, technological advancements in manufacturing processes, and the ability to meet diverse customer requirements across different applications.

Innovation in product development, particularly in enhancing functionality, sustainability, and compliance with regulatory standards, is a critical competitive factor.

Recent Industry Developments

• January 2022, Kerry Group opened a new state-of-the-art production facility in Saudi Arabia. The company invested approximately US$ 84.17 Mn in Northern Africa, the Middle East, and Turkey.
• In 2021, BASF SE expanded its product portfolio of palm-based surfactants with RSPO (Roundtable on Sustainable Palm Oil) certifications in the European market.
• Musim Mas Group sources its raw materials from Malaysia and Indonesia, with the latter being its main operational base.
• Henan Zhengtong Food Technology Co., Ltd. participates in the formulation of national food emulsifier standards and also contributes to strengthening the food industry.

Report Scope

Attributes	Details
Forecast Period	2024 to 2032
Historical Data Available for	2019 to 2023
Market Analysis	US$ Million for Value
Key Regions Covered	North America Latin America Europe South Asia & Oceania East Asia The Middle East & Africa
Key Countries Covered	The United States Canada Germany The United Kingdom France Italy Spain Russia China Japan South Korea India Thailand Malaysia Indonesia Australia New Zealand GCC Countries Turkey Northern Africa South Africa
Key Market Segments Covered	Form End User Region
Key Companies Profiled	Aspek Kimya BASF SE Fine Organics Henan Zhengtong Food Technology Co., Ltd International Flavors & Fragrances Inc. Kerry Group Lifelong Chemical Co., Ltd Musim Mas Group RIKEN VITAMIN Co., Ltd. Spell Organics Ltd. Zhengzhou Dahe Food S&T Co., Ltd Zhengzhou Yizeli Industrial Co., Ltd
Report Coverage	Market Forecast Company Share Analysis Competition Intelligence DROT Analysis Market Dynamics and Challenges Strategic Growth Initiatives
Customization & Pricing	Available upon request

Acetylated Monoglycerides Market Segmentation

By Form

• Liquid
• Powder & Beads

By End User

• Food Industry
  • Dairy Products
  • Bakery
  • Confectionery
  • Other Processed Foods
• Pharmaceutical Industry
• Others

By Region

• North America
• Latin America
• Europe
• South Asia and Pacific
• East Asia Market
• The Middle East and Africa Market

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