The “Fatty Acid Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Fatty Acid Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global fatty acid market size is expected to reach USD 45.8 billion by 2026 growing at CAGR 5.2% according to a new report published by Report Ocean.
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The report “Fatty Acid Market Share, Size, Trends, Industry Analysis Report By Product Type (Saturated, Monounsaturated, Polyunsaturated, and Trans Fats), By Application (Dietary Supplements, Food & Beverage, Animal Feed, Cosmetics, Lubricants, and Others), By Regions, Segments & Forecast, 2019 – 2026” provides a comprehensive analysis of present market insights and future market trends.
Fatty acids are carboxylic group-carbon compounds identified by its long aliphatic chain. It is characterized by presence of large number of derivatives. The global market has got its healthy outlook thanks to healthcare and food and beverage industry. Fatty acids are also used up in forming other chemical compound chains and used in different applications with renewable raw materials to thank for.
Fatty acids are derived from different vegetable-based oils such as coconuts, tallow, palm kernel, sunflower and soybean. The concentration of fatty acids varies from raw material to raw material. For instance, coconut oil has higher content of lauric acid and palm kernel oil is rich in stearic and palmitic acid.
The global fatty acid market is expected to draw high growth on account of rising geriatric population and a high demand from soap and detergent industry. Fatty acids have a wide application spectrum such as detergents, varnishes, textile chemicals, paints, insecticides, rubber compounding and synthetic rubber formulations.
Food and beverage is the most visited application segment for fatty acids. An increasing disposable income and major area of spending belonging to food and bakery products in both developed and developing nations has helped growth of food industry. This has led to growth in fatty acids. Healthcare products have also lured consumer sentiments causing increased presence of fatty acids in dietary supplements.
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Omega-3 and Omega-6 based dietary supplements are known to lower risk of chronic diseases and constitute population’s major intake of dietary supplements. A fast-growing urban population in emerging economies and growing attraction of personal care products driving a healthy demand, results in increased consumption of fatty acids in personal care products and toiletries.
A rising government and health agencies drive to augment health and nutrition among lower economic strata of individuals has been pushing growth of dietary supplements and indirectly helping growth of fatty acid market in forward direction.
Asia Pacific is the largest regional market for fatty acids. Indonesia, Malaysia, Philippines and India are major nations contributing to growth of fatty acids market. India and China are among major consumers of fatty acids. North America and Europe is a notch down in leadership for fatty acids.
The global fatty acids market is strongly competitive and vertical integration comes into play. The key players include BASF SE, Eastman Chemical Corporation, Ashland Inc., Vantage Oleochemicals, Godrej Industries, Oleon, Akzo Nobel and Arizona Chemicals.
Report Ocean has segmented the global fatty acid market report on the basis of type, application and Region
Product Type Outlook
Saturated
Monounsaturated
Polyunsaturated
Trans Fats
Application Outlook
Dietary
Supplements
Food and Beverage
Animal Feed
Cosmetics
Lubricants
Others
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Regional Outlook
North America
U.S.
Canada
Europe
UK
Germany
France
Asia Pacific
India
China
Japan
Latin America
Mexico
Brazil
MEA
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