A higher-yielding process for the production of monoglycerides in which triglycerides are enzymatically reacted with a catalytic amount of an esterase, preferably lipase, that has been activated by the addition of alkaline salts, in the presence of linear or branched alcohols containing 1 to 8 carbon atoms, then the esterase may be deactivated and it and the remaining alcohol removed, with the monoglycerides thus produced useful in lubricants, fuel additives, and emulsifying constituents in foods, and cosmetic and/or pharmaceutical formulations.