Palm Kernel Fatty Acids Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The new report published by The Business Research Company, titled "Palm Kernel Fatty Acids Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the palm kernel fatty acids market size has grown strongly in recent years. It will grow from $7.17 billion in 2023 to $7.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The palm kernel fatty acids market size is expected to see strong growth in the next few years. It will grow to $10.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.

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Surge In Personal Care And Cosmetics Drives Palm Kernel Fatty Acids Market Growth
The growth in personal care and cosmetics is expected to propel the development of the palm kernel fatty acid market going forward. Personal care and cosmetics encompass a variety of products aimed at maintaining and enhancing personal hygiene, grooming, and physical appearance, including skincare, haircare, makeup, and fragrances. There is a rising adoption of personal care and cosmetics due to increasing consumer awareness and demand for health-conscious, eco-friendly, and sustainable products. Palm kernel fatty acid is used in personal care and cosmetics for its moisturizing properties, as an emulsifying agent, and to improve product texture and stability. For instance, in July 2023, according to the U.S. Department of Commerce, a U.S.-based governmental organization, in 2021, sales of beauty and personal care products in China reached $88 billion, reflecting a 10% increase from the previous year. Therefore, the growth in personal care and cosmetics will drive the growth of the palm kernel fatty acid market.

Innovative Collaboration For Sustainable Palm Kernel Oil Alternatives
Major companies operating in the palm kernel fatty acid market are focusing on developing sustainable palm kernel oil alternatives to reduce environmental impact and promote biodiversity conservation while meeting consumer demand for eco-friendly products. Sustainable palm kernel oil alternatives are substitutes for palm kernel oil produced through methods that minimize environmental impact, avoid deforestation, and promote biodiversity. For instance, in October 2023, Agile BioFoundry, a U.S.-based consortium of national laboratories, and C16 Biosciences, a U.S.-based biotechnology company, collaborated to develop pathways to sustainable palm kernel oil alternatives, both mid-chain fatty acids and fatty alcohols, in oleaginous yeast. The collaboration demonstrated novel metabolic routes to produce lipids containing mid-chain fatty acids as an alternative to palm kernel oil. The partnership combined C16 Biosciences' expertise in strain construction and commercial scale-up with ABF's advanced testing platform and multi-omics capabilities to streamline the design-build-test-learn (DBTL) cycles, fostering an efficient cooperative dynamic for microbial development.

The palm kernel fatty acids market covered in this report is segmented -

1) By Grade: Food Grade, Industrial Grade
2) By Application: Food And Beverage Emulsifier, Cosmetics And Personal Care Ingredients, Metal Working Lubricants And Greases, Bio-Based Plastic, Textile Intermediates, Cleaning Products, Other Applications
3) By End Use Industry: Food And Beverage, Cosmetics And Personal Care, Metallurgy, Textile, Industrial, Other End-Use Industries

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Major companies operating in the palm kernel fatty acids market are Cargill Incorporated, Archer Daniels Midland Company, Bunge Limited, Louis Dreyfus Company, Kao Corporation, Golden Agri Resources Ltd., Musim Mas Holdings Pte Ltd, Mewah Group, KLK OLEO, Fuji Oil Holdings Inc., IOI Corporation Berhad, Croda International Plc, Astra Agro Lestari, Marico Limited, First Resources, Permata Hijau Group, Emery Oleochemicals, Ecogreen Oleochemicals GmbH, Oleon NV, International Oils and Fats Limited, Soon Soon Oilmills Sdn Bhd, Twin Rivers Technologies Inc., Vance Bioenergy Sdn Bhd, Pacific Oleochemicals Sdn Bhd, Timur Oleochemicals, Future Prelude

Contents of the report:
1. Executive Summary
2. Palm Kernel Fatty Acids Market Report Structure
3. Palm Kernel Fatty Acids Market Trends And Strategies
4. Palm Kernel Fatty Acids Market - Macro Economic Scenario
5. Palm Kernel Fatty Acids Market Size And Growth
…..
27. Palm Kernel 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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