Press release
Fatty Acids Market Analysis: Unveiling Market Size, Demand Segments, Growth Drivers, and Forecasted Trends
Fatty Acids Market
Fatty Acids Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $137.88 billion In 2028 At A CAGR Of 8.9% :
The fatty acids market size has grown strongly in recent years. It will grow from $89.68 billion in 2023 to $98.2 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rise in demand for cosmetics and personal care products, increase in caprylic fatty acid applications, increase in health applications, and rise of plastics and rubber industries.
The fatty acids market size is expected to see strong growth in the next few years. It will grow to $137.88 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to augmented population demand, and rising health consciousness. Major trends in the forecast period include rise in usage of recycled raw materials in fatty acids, mergers and acquisitions, strategic partnerships, and new product launches.
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Fatty Acids Market Major Segments
The fatty acids market covered in this report is segmented -
1) By Product Type: Unsaturated Fatty Acids, Saturated Fatty Acids
2) By Form: Oil, Capsule, Syrup, Powder
3) By Source: Vegetable Oils, Marine, Nuts and Seeds, Soy and Soy Products, Animal Fat
4) By End User Industry: Household, Cosmetics, and Personal Care, Soap and Detergent, Oilfield, Rubber and Plastic, Lubricants, Other End-user Industries
Key Driver - Fatty Acids Market Thrives On Surging Demand In Cosmetics And Personal Care Products
The fatty acids market is being driven by the rising demand for cosmetics and personal care products. Fatty acids are the emollients and emulsifiers in the cosmetics industry, used to replenish and soothe the skin. It is used as an ingredient in a variety of skincare products such as creams, lotions, shampoos, and lipsticks. Esters of fatty acids such as triglycerides, phospholipids, and cholesterol esters are commonly used in cosmetics as skin hydrants and thickeners. According to Coty, a French beauty company, the beauty market has been constantly growing at 3% to 5% every year. Coty also forecasts that its net revenue will grow by 6% to 8% each year through 2025. The rising demand for cosmetics and personal care products increased the demand for fatty acids, thus driving the market during the period.
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Prominent Trend - Rising Health Awareness Fuels Demand For Omega Fatty Acid Supplements In The Market
Due to rising awareness regarding health, omega fatty acid supplements are increasingly being used. Omega fatty acids are present extensively in fish oils and are vital ingredients for the human body. Omega-3 supplements can help relieve rheumatoid arthritis symptoms and can also be used as dietary supplements or medicinal supplements. The use of Omega-3 fatty acids and Omega-6 fatty acids helps to combat diseases and improve cardiovascular health, promote healthy metabolism, reduce pain and inflammation in joints, increase optimal brain function, etc. According to the World Health Organization (WHO), 17.9 million people in the world die every year due to cardiovascular diseases. Therefore, rising awareness regarding health issues, especially for heart diseases, is expected to drive the market for fatty acids.
Fatty Acids Market Players
Major companies operating in the fatty acids market report are BASF SE, LG Household & Health Care Ltd., Kraton Corporation, Royal DSM, Cargill, Incorporated, Evonik Industries, Eastman Chemical Company, Croda International Plc, Omega Protein Corporation, AAK, Fairchem, Divine Oleoformulations (India) LLP, Australian Chemical Industries Int Co., Jayant Oils And Derivatives Ltd., Subhash Chemicals Industries Pvt Ltd, Atlas Chemicals, Guangdong Jiangmen Chemical Plant, Shanghai Yan'an Grease Chemical Co.,Ltd, Gysmecol (Guangzhou) Technology Co., Ltd., Akzonobel NV, Aker BioMarine, Oleon NV, Emery Oleochemicals GmbH, Ferro Corporation, Kao Oleochemical, Ashland Global Specialty Chemicals Inc., The Chemical Company, ChemCeed LLC, FoodScience LLC, Reagents, Applied Material Solutions, GJ Chemical, Jedwards International, Inc., Welch Holme & Clark Co. Inc., SAE Manufacturing Specialties Corp, Battelle & Renwick Inc, AKSH Industries, Inc., Norman, Fox & Co., Monson Companies, Inc., Mallinath Group, MSD OLEO FZC, Vantage Oleochemicals, SI Group, Inc
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the fatty acids market in 2023. North America was the second-largest region in the global fatty acids market. The regions covered in the fatty acids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Fatty Acids Market Report Structure
3. Fatty Acids Market Trends And Strategies
4. Fatty Acids Market - Macro Economic Scenario
5. Fatty Acids Market Size And Growth
…..
27. Fatty Acids Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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