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Fatty Acids Market Growth to be Driven by Emerging Trends | $230.19 Billion by 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.What is the Projected Market Size of the Fatty Acids Industry?
The size of the fatty acids market has seen tremendous growth in the past few years. The 2024 projection for the market is $148.88 billion and it is projected to turn into $161.38 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%. This substantial expansion during the historic period is due to factors such as robust economic development in the emerging markets, enhanced consumer demand for cosmetics and personal care items, the surge in applications of caprylic fatty acid, rising health applications, and the flourishing plastics and rubber industries.
What Will Be the Size of the Fatty Acids Market by 2029?
Anticipations are high for the fatty acids market to experience robust expansion in the following years. The market is projected to reach $230.19 billion by 2029, boasting a compound annual growth rate (CAGR) of 9.3%. This anticipated growth within the forecast period can be credited to increased population needs and heightened awareness of health-related issues. Notable trends for the forecast period include the increasing utilization of repurposed raw materials in fatty acids production, business consolidations and acquisitions, strategic collaborations, and introductions of new products.
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What Are the Key Drivers Accelerating Growth in the Fatty Acids Market?
The growing need for cosmetics and personal care items is propelling the fatty acids market forward. Fatty acids serve as emollients and emulsifiers in the cosmetics industry, acting to nourish and soften the skin. They are incorporated in a broad range of skincare goods like creams, lotions, shampoos, and lipsticks. Fatty acid esters such as triglycerides, phospholipids, and cholesterol esters are often utilized in cosmetics as skin hydrators and thickeners. According to Coty, a French cosmetics firm, the beauty market has consistently risen by 3% - 5% annually. Additionally, Coty anticipates a 6% - 8% annual growth of its net income through 2025. Consequently, the escalating demand for cosmetics and personal care products has amplified the need for fatty acids, thus stimulating the market within this period.
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How Is the Fatty Acids Market Segmented by Type, Application, and Region?
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
What Are the Key Trends Driving Growth in the Fatty Acids Market?
The escalating understanding of health implications has led to a surge in the utilization of omega fatty acid supplements. These fatty acids, predominantly found in fish oils, serve as crucial constituents for the human body. Omega-3 supplements in particular are instrumental in alleviating the symptoms of rheumatoid arthritis. They can function as dietary or therapeutic supplements. The application of Omega-3 and Omega-6 fatty acids proves beneficial to counter illnesses, bolster cardiovascular health, stimulate a healthy metabolism, diminish joint pain and inflammation, and augment brain function optimally, among others. The World Health Organization (WHO) states that cardiovascular diseases cause the death of 17.9 million individuals globally each year. Consequently, the growing consciousness with respect to health concerns, particularly heart diseases, is anticipated to catalyze the fatty acids market.
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Who Are the Leading Companies Driving 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.
Which Is the Leading Region in the Global 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
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