Fatty Acid Esters Market by Global Demand, Supply and Research Synopsis 2021 to 2030

The Global Fatty Acid Esters Market size is estimated to be USD 2.26 billion in 2019 and is predicted to reach USD 3.44 billion by 2030 with a CAGR of 3.9% from 2020-2030.

Fatty acid esters are the esters that from with the combination of a fatty acid with an alcohol. It can also be formed from rapeseed, soya beans, palm oil, and vegetable oil. Rapeseed is generally chosen for the production of fatty acid ester due to its better oil content in comparison to other materials used for fatty acid methyl ester manufacturing. Moreover, biodiesel produced from rapeseed has high cetane number which helps in lowering the emissions forming complete combustion. At the point when the liquor part is glycerol, the unsaturated fat esters distributed can be monoglycerides, diglycerides, and triglycerides.

These esters are used in the several creams and lotions for skin, hair, and even infant care. They are also widely used in industrial detergents, lubricants, and surfactants owing to high thermo-oxidative viscosity, stability, biodegradability, lubricity, and hydrolytic stability. These detergents are largely utilized by industries and consumers alike, owing to stability, foaming, cleansing, and moisturizing properties. The key feedstock essential in the generation of unsaturated fat esters incorporates vegetable oils, for example, sunflower oil, palm oil, and rapeseed oil among others.

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Top Companies: P&G Chemicals, Cargill, The Seydel Companies Inc., Stéarinerie Dubois, DuPont, Faci Asia Pacific Pte. Ltd., Estelle Chemicals, KLK Oleo and others.

Market Dynamics and Trends:

Rising awareness and demand for bio-diesels is the significant factor driving the market across the globe. Additionally, other factors leading to the growth of this industry includes increased government interference for support, reducing rates of edible oils and growing obesity rate across the world. Furthermore, technological advancements have paved the way for higher efficiency and sustainable production of these esters. However, availability of other substitutes and week supply chain are the factors restraining the fatty acid esters market growth in the upcoming years. Personal care & cosmetics segment within the application was the largest segment and accounted the major market share in terms of volume in 2017. GMS (glycerol monostearate) is widely used in food processing application, mainly for ice-creams and other frozen foods. GMS segment within the product is anticipated to grow at the highest CAGR during the forecast period.

Manufacturers and consumers are increasingly adopting these products to combat climate change, high production costs and ensure overall long-term benefits. Moreover, rising governmental initiatives and support to promote health & fitness coupled with the positive influence of social media are also playing a significant role in terms of promoting these esters for weight loss and beauty enhancement. Market share is characterized by growing strategic alliances among the key players, coupled with increasing entry of new participants to grab significant opportunities, especially in developing regions.

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Market Segmentations and Scope of the Study:

The global fatty acid esters market share is analyzed on the basis of product, application, and geography. On the basis of product, the market is segmented into medium chain triglycerides, glycerol monostearate, isopropyl esters (palmitate & myristate), and others. According to the application, the fatty acid esters market is classified into the personal care & cosmetics, lubricants, food processing, surfactants & detergents, pharmaceuticals, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and Rest of the World.

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