Press release
Global Fatty Acids Market Projected to Surpass $150.08 Billion by 2029 with 8.6% Annual Growth
What combination of drivers is leading to accelerated growth in the fatty acids market?The surging demand for cosmetics and personal care items is a key driving force behind the growth of the fatty acids market. Employed as emollients and emulsifiers in the beauty industry, fatty acids provide nourishment and comfort to the skin. They are a critical component found in a multitude of skincare products, including creams, lotions, shampoo, and lipsticks. Frequently used fatty acid esters in cosmetic products are triglycerides, phospholipids, and cholesterol esters, acting as potent skin hydrants and thickening agents. A steady growth of 3% to 5% per annum has been reported in the beauty market, as noted by Coty, a French beauty firm. Coty anticipates an annual net revenue increase of 6% to 8% through 2025. The escalating demand for cosmetics and personal care products thus enhances the need for fatty acids, effectively fuelling the market during this interval.
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What is the projected compound annual growth rate (CAGR) of the fatty acids market from 2025 to 2034, and what factors influence it?
The market for fatty acids has seen significant expansion in recent years, with predictions to escalate from $98.26 billion in 2024 to $107.96 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.9%. This considerable growth during the historical period can be traced back to the robust economic development in emerging markets, augmented demand for cosmetics and personal care items, enhanced applications of caprylic fatty acid, the growth in health applications, and the burgeoning plastics and rubber sectors.
Anticipated to experience robust expansion in the upcoming years, the fatty acids market is projected to reach a worth of $150.08 billion by 2029, escalating at a compound annual growth rate (CAGR) of 8.6%. The predicted surge during this forecast period is principally due to amplified demand due to an increasing population, along with heightened awareness of health. Prevailing trends in this period entail an increase in the employment of recycled raw materials within the fatty acids industry, in addition to mergers and acquisitions, strategic alliances, and the introduction of new products.
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How are the latest trends influencing the growth of the fatty acids market?
The growing understanding of the significance of health has led to increased usage of omega fatty acid supplements. These beneficial compounds, abundantly found in fish oils, play an essential role in human health. Omega-3 supplements specifically have shown to alleviate symptoms related to rheumatoid arthritis and are commonly implemented as dietary or medicinal aids. Both Omega-3 and Omega-6 fatty acids are known to fight illnesses, bolster cardiovascular health, stimulate a healthy metabolism, mitigate joint pain and inflammation, and enhance brain function. According to the World Health Organization (WHO), cardiovascular diseases claim the lives of 17.9 million individuals worldwide every year. Hence, the escalating consciousness about health concerns, particularly heart diseases, is anticipated to fuel the fatty acid market.
What are the major segments of the fatty acids market and their role in driving growth?
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
Subsegments:
1) By Unsaturated Fatty Acids: Monounsaturated Fatty Acids (MUFA), Polyunsaturated Fatty Acids (PUFA), Essential Fatty Acids
2) By Saturated Fatty Acids: Palmitic Acid, Stearic Acid, Lauric Acid, Myristic Acid
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Which regions are key players in the growth of the fatty acids market?
Asia-Pacific was the largest region in the fatty acids market in 2024. 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
Who are the key firms paving the way for growth in the fatty acids market?
Major companies operating in the fatty acids market include 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, Kao Oleochemical, Ashland Global Specialty Chemicals Inc., The Chemical Company, ChemCeed LLC, FoodScience LLC, Reagents, GJ Chemical, Jedwards International, Inc., Welch Holme & Clark Co. Inc., SAE Manufacturing Specialties Corp, AKSH Industries, Inc., Norman, Fox & Co., Monson Companies, Inc., Mallinath Group, MSD OLEO FZC, Vantage Oleochemicals, SI Group, Inc.
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What Is Covered In The Fatty Acids Global Market Report?
• Market Size Forecast: Examine the fatty acids market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the fatty acids market for a structured understanding.
• Key Players Overview: Analyze major players in the fatty acids market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fatty acids market.
• Segment Contributions: Evaluate how different segments drive overall growth in the fatty acids market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fatty acids market.
• Industry Challenges: Identify potential risks and obstacles affecting the fatty acids market.
• Competitive Landscape: Review strategic developments in the fatty acids market, including expansions, agreements, and new product launches.
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