Press release
Accelerating Growth In Global Fatty Acids Market: Stats, Drivers, Key Players, and Trends Observations
Fatty Acids Market Size
• The fatty acids market size is projected to grow from $98.26 billion in 2024 to $107.96 billion in 2025, representing a compound annual growth rate (CAGR) of 9.9%.
• The growth during the historic period can be ascribed to strengthened economic growth in emerging markets, increased demand for cosmetics and personal care products, the rise in applications of caprylic fatty acid, increased health applications, and ascendant plastics and rubber industries.
• The fatty acids market size is expected to continue its robust growth trajectory in the coming years, reaching $150.08 billion in 2029, with a CAGR of 8.6%.
• Future growth can be attributed to the escalating population demand and growing health consciousness.
• Key trends in the forecasted period include a rise in the usage of recycled raw materials in fatty acids, mergers and acquisitions, strategic partnerships, and new product launches.
What Is Driving The Growth In The Fatty Acids Market?
The rising demand for cosmetics and personal care products is a major driver of the fatty acids market. The beauty industry's constantly growing market has increased the demand for fatty acids. Fatty acids are used as emollients and emulsifiers in cosmetics, aiding in skin replenishment and soothing. They are also used in various skincare products such as creams, lotions, shampoos, and lipsticks. The rising demand for these products is driving the market for fatty acids.
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Who Are The Key Players Driving Fatty Acids Market Growth?
• 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.
What Are The Key Trends In The Fatty Acids Market?
• Increased use of recycled raw materials in the production of fatty acids.
• Mergers and acquisitions taking place in the fatty acids industry.
• Strategic partnerships being established for product development and distribution.
• New product launches driving the fatty acids market growth.
What Are The Segments Of The Global Fatty Acids Market?
• By Product Type: Unsaturated Fatty Acids, Saturated Fatty Acids
• By Form: Oil, Capsule, Syrup, Powder
• By Source: Vegetable Oils, Marine, Nuts and Seeds, Soy and Soy Products, Animal Fat
• By End User Industry: Household, Cosmetics, and Personal Care, Soap and Detergent, Oilfield, Rubber and Plastic, Lubricants, Other End-user Industries
Which Region Leads The Fatty Acids Market?
Asia-Pacific led the fatty acids market in 2024, followed by North America coming in at second. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Fatty Acids Market Global Market Report?
- Market Size Analysis: Analyze the Fatty Acids Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fatty Acids Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fatty Acids Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fatty Acids Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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