Press release
Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market Demand, Trends, Analysis, Application & Type Forecast to 2023
View Full Report: https://www.transparencymarketresearch.com/palm-kernel-oil-coconut-oil-based-natural-fatty-acids-market.html
The global natural fatty acids market has witnessed significant growth in the past few years. Population growth coupled with rising per capita income resulted in increased consumption of detergents in developing countries in the past few years. This, in turn, generated considerable demand for natural fatty acids in the detergents industry, enabling it to be the largest end-user in 2014. Personal care is projected to be the fastest-growing end-user of the natural fatty acids market in the next few years. Heightened awareness regarding personal well-being and hygiene maintenance has propelled growth of the global personal care industry. Furthermore, several personal care products manufacturers are focused on using biocompatible and green materials to improve biosafety of products. As a result, demand for natural fatty acids is expected to increase substantially in the personal care industry during the forecast period.
Asia Pacific dominated the global market for palm kernel oil and coconut oil based natural fatty acids in 2014. The region is expected to continue witnessing a similar growth trend during the forecast period due to rising demand from major end-user industries. Increase in purchasing power parity of consumers in developing countries of Asia Pacific is projected to boost demand for natural fatty acids in the next few years. China is estimated to be the major consumer of natural fatty acids in 2023 followed by Rest of Asia Pacific and ASEAN. Europe was the second-largest consumer of natural fatty acids in 2014 followed by North America. Middle East & Africa and Latin America are anticipated to be emerging markets for natural fatty acids in the next few years. Favorable atmospheric conditions for palm and coconut cultivation in West Africa coupled with growth in the personal care industry is likely to create lucrative opportunities in the natural fatty acids market in Middle East & Africa.
The report provides a comprehensive view of the palm kernel oil and coconut oil based natural fatty acids market in terms of volume and revenue. It includes current demand analysis and forecast for end-users in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Furthermore, the report offers detailed country-wise analysis of the palm kernel oil and coconut oil based natural fatty acids market in the regions mentioned above. The natural fatty acids market has been divided into the following segments.
Report Overview, with TOC - https://www.transparencymarketresearch.com/report-toc/8617
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