Lonza Group Ltd, Estelle Chemicals Pvt Ltd, Oleon NV, DuPont de Nemours, Inc., and BASF SE, among others, are the major players in the global mono diglycerides market.
The global mono-diglycerides market is expected to grow at a CAGR of about 7.2% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing consumer demand for convenient and on-the-go food products.
Mono-diglycerides can be used as an emulsifier and are commonly used to enhance the shelf life of food products. The increasing demand for food additives is being driven by the increased consumption of baked goods, confectionery, and dairy products, among other things, which is propelling the mono-diglycerides industry forward. The thriving packaged food industry is driving up the demand for food preservatives, which is fuelling the industry's growth. Increasing consumer disposable incomes, changing food patterns, busy lifestyles, and increased urbanisation add to the growth. Various advancements in the food processing sector and new product releases by food and beverage manufacturers are likely to boost the global mono-diglycerides industry's growth over the forecast period. However, the industry's expansion may be hampered in the forecast period by strict regulations governing the use of synthetic chemicals.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
In terms of region, the Asia Pacific region is expected to show improved market expansion prospects throughout the forecast period. The regional market is expanding due to the rising demand for packaged food products in emerging markets such as India and China. Because of the development in the food processing sector, the Middle East and Africa are expected to show profitable growth opportunities for the industry throughout the forecast period.
Headquarters: Basel, Switzerland, Europe
Lonza is a global leader in life sciences. The company has about 14,000 employees in more than 120 locations worldwide. In 2020, global sales of the company were about 4.5 CHF billion. The company uses industry expertise to develop cell therapy and medicines for the future. The company specialises in bioscience, biotechnology, nutrition, microbial control, cell and gene therapy, and materials science, among others.
Headquarters: Ahmednagar, Maharashtra, India
Estelle Chemicals is a leading manufacturer of food emulsifiers and speciality surfactants, focusing on developing sustainably produced ingredients with specialised performance characteristics. The company's pilot plant is equipped with a high vacuum distillation facility for product development and improvement in existing products. The company also has a bakery application centre to provide technical assistance for enhancing the quality of the products.
Headquarters: Ranst, Belgium, Europe
Oleon offers oleochemical building blocks and ingredients in various markets like cosmetics, crop protection, lubricants, nutrition, and detergents, among others. The company has 11 offices across Europe, the United States, and Asia. The trade name of the company's products is Radia. Radia oleochemicals are used in various industries, including ingredients, additives, and raw materials. The company specialises in converting natural oils and fats into different oleochemical products, including esters, glycerine, fatty acids, and biodiesel, among others.
Headquarters: Wilmington, Delaware, United States
DuPont has been developing and reinventing itself for more than 200 years to provide clients with technology-driven solutions. DuPont is present worldwide, collaborating with industry leaders in fields such as safety, healthcare, electronics, transportation, and construction. The company specialises in science and engineering, electronics and imaging, transportation and industrial markets, and specialised materials, among others.
Headquarters: Ludwigshafen, Germany, Europe
BASF creates its products for a sustainable future. The company combines economic success with social responsibility and environmental protection and has about 1,10,000 employees worldwide. The company's portfolio is organised into six segments: Materials, Chemicals, Industrial Solutions, Surface Technologies, Agricultural Solutions, and Nutrition and Care. The company specialises in chemicals, functional materials and solutions, agricultural solutions, and oil and gas, among others.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.