Press release
Fatty Acid Market Updated Market Insight With Market Values & CAGR 6.7%
Fatty Acid Market Updated Market
The Fatty Acid Market is experiencing robust growth driven by rising demand from food & beverage, cosmetics, personal care, pharmaceuticals, soaps & detergents, lubricants, and industrial chemicals. Fatty acids-derived from vegetable oils, animal fats, and synthetic sources-are essential ingredients in formulations for emulsification, surfactants, nutrition, and chemical intermediates.
The global market is valued at USD 32.4 billion in 2024 and is expected to reach USD 47.8 billion by 2030, growing at a CAGR of 6.7% during 2024-2030. Demand is accelerating due to increased consumption of oleic, stearic, and lauric acids, expansion of bio-lubricants, and rising awareness about plant-based and sustainable raw materials.
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Market Growth (2024-2030)
• Market Size 2024: USD 32.4 billion
• Market Size 2030: USD 47.8 billion
• CAGR: 6.7%
Bio-based fatty acids sourced from palm kernel oil, coconut oil, soy oil, and tallow are gaining preference due to sustainability requirements and regulatory pressure.
Key Market Drivers
• Growing demand for soaps, detergents, and surfactants worldwide
• Rising consumption of cosmetics and personal care products containing fatty acid derivatives
• Adoption of bio-based lubricants and biodegradable chemicals
• Increased application in food supplements, infant nutrition, and pharmaceuticals
• Industrial use in paints, coatings, plastics, and rubber processing
• Expanding oleochemical capacity in Malaysia, Indonesia, India, China, and Thailand
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Market Segmentation
By Type
• Saturated Fatty Acids (Stearic Acid, Palmitic Acid)
• Unsaturated Fatty Acids (Oleic, Linoleic, Linolenic Acid)
• Lauric & Myristic Acids
• Polyunsaturated Fatty Acids (PUFAs)
• Medium-Chain Fatty Acids (MCFAs)
By Source
• Vegetable Oils (Palm, Coconut, Soybean, Sunflower, Rapeseed)
• Animal Fats (Tallow, Lard)
• Synthetic Sources
• Marine Oils
By Application
• Detergents & Soaps
• Cosmetics & Personal Care
• Food & Beverages
• Pharmaceuticals & Nutraceuticals
• Lubricants & Greases
• Plastics, Rubber & Polymers
• Paints, Inks & Coatings
By End Use
• Household & Industrial Cleaning
• Beauty & Personal Care
• Food Processing
• Healthcare & Medicine
• Chemical Manufacturing
• Automotive & Machinery
By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key Market Trends
• Transition toward plant-based fatty acids to meet sustainability goals
• Rising demand for omega-rich fatty acids in dietary supplements
• Development of bio-lubricants and eco-friendly surfactants
• Increased R&D investment in fatty acid esters for specialty chemicals
• Growing adoption in rubber processing and plasticizers
• Expansion of oleochemical clusters in Southeast Asia
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Competitive Landscape
Major companies operating in the global Fatty Acid Market include:
• Wilmar International
• IOI Oleochemical
• Oleon NV
• KLK Oleo
• BASF SE
• Procter & Gamble Chemicals
• Musim Mas Holdings
• Emery Oleochemicals
• Godrej Industries
• Croda International
These companies focus on sustainable sourcing, capacity expansions, biodegradable formulations, and high-purity fatty acid production for specialty applications.
Recent Developments
• Major oleochemical manufacturers increasing production of pharmaceutical-grade fatty acids
• Expansion of palm oil derivative manufacturing in Malaysia and Indonesia
• New product launches in fatty acid esters for cosmetics and specialty chemicals
• Rising partnerships between chemical companies and food tech firms for nutraceutical fatty acids
• Technological advancements in fractionation, distillation, and esterification to improve purity levels
This report is also available in the following languages : Japanese (脂肪酸市場), Korean (지방산 시장), Chinese (脂肪酸市场), French (Marché des acides gras), German (Fettsäuremarkt), and Italian (Mercato degli acidi grassi), etc.
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Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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