Global Fatty Acid Esters Market to Expand at 4.10% CAGR from 2014 to 2020 owing to Increasing Demand from Food Industry

Transparency Market Research has published a new report on the global fatty acid esters market. As per the report, the global fatty acid esters market will exhibit steady growth, registering a 4.10% CAGR from 2014 to 2020. The report, titled ‘Fatty Acid Esters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,’ states that the global market which was valued at US$1.70 bn in 2013, will reach US$2.24 bn by 2020. The rising demand for fatty acid esters in the food industry and the cosmetic and personal care products market is expected to propel the global fatty acid esters market throughout the forecast period.

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Fatty acid esters (FAEs) are produced using raw materials such as vegetable oils including palm oil, rapeseed oil, and sunflower oil. The trend of using vegetable oils prepared from natural raw materials is increasing across the globe. This has benefited the global fatty acid ester market in the recent past. Going forward, the application of fatty acid esters is expected to increase in personal care products and cosmetics, food products, surfactants, and lubricants. The personal care products and cosmetics segment is expected to record the fastest growth considering the constant rise in the demand for fatty acid esters in creams and lotions.

Over the past few years, there have been many changes in the prices of raw materials used to produce fatty acid esters. This is expected to have adverse effects on the global fatty acid esters market in the long run. However, the market will rise steadily owing to the increasing popularity of natural and specialty esters.

The global fatty acid esters market is categorized on the basis of region, application, and product. By region, the global fatty acid esters market is divided into Europe, Asia Pacific, North America, and Rest of the World In 2013, North America led the global fatty acid esters market, followed by Europe. In 2013, Europe held a share of 20% in the global fatty acid esters market. However, due to strict rules enforced by Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) the Europe market is predicted to lose its share in the years to come. The demand for fatty acid esters from the food industry in Asia Pacific is predicted to be the highest. This will help the Asia Pacific market to increase its share in the global fatty acid esters market.

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Some of the prominent players operating in the competitive fatty acid esters market include Monster Group Ltd, Guangzhou Sancdan Trading Co. Ltd., Zhengzhou Dahe Food S & t Co. Ltd, Henan Eastar Chemicals Co. Ltd., Guangzhou Hanglian Chemical Industrial Co., Ltd., Futura Ingredients, China Top Chemical (Jiangsu) Co. Ltd, and Cremer Oleo. At present, the global fatty acid esters market is highly competitive in nature. The introduction of new products will assist leading players to maintain their dominance in the competitive environment.

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