Growth in awareness towards the consumption of sustainable products owing to the rise in health consciousness is driving the Fatty Acid market.
Fatty Acid Market Size – USD 34.68 Billion in 2020, Growth - CAGR of 5.0%, Trends – High application in cosmetics industry.
The global Fatty Acid market is forecast to reach USD 50.64 Billion by 2028, according to a new report by Reports and Data. Organic compounds that are formed by the combination of carboxylic group and carbolic acid is known as Fatty Acid.
These acids can be differentiated by their long aliphatic chains, which are saturated or unsaturated. Fatty Acid are of different types with a wide array of applications in end-user industries. These acids are obtained from soybean, coconut, palm kernel oil (PKO), fractional distillation of crude tall oil, and hydrolysis of tallow.
Factors responsible for the growth of the market are growth in the rubber and plastics industries in the emerging nations. The growth in the personal care industry is also propelling the demand for the market. Fatty Acid can be used from cosmetics to toiletries. Some common Fatty Acid suitable for toiletries and cosmetic applications are lauric acids, stearic acids, and oleic acids.
Rise in the prevalence of chronic diseases leads to an increased focus on preventive health measures. Growing awareness and the demand of consumers regarding the health benefits of consumption of essential Fatty Acid majorly drive the market growth.
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Top Companies: FMC Corporation, Koninklijke DSM NV, Croda International PLC, BASF SE, The Dow Chemical Company, Omega Protein Company, Cargill, Incorporated, Aker Biomarine AS, Polaris Nutritional Lipids, and Enzymotec Ltd., among others.
Further key findings from the report suggest:
Increase in the consumption of dietary supplements and functional foods are also expected to drive the market during the forecast period. Consumers are opting for dietary supplements rather than high price medicines to take better care of their health.
Poly-unsaturated Fatty Acid (PUFAs), Omega-6, and Omega-3 Fatty Acid are significantly used in the healthcare industry due to their diverse health-related benefits. These Fatty Acid are used as drugs and dietary supplements. The potential efficiency in the treatment of kidney lung disorder, coronary disease, and blood pressure, propelled the demand for the market.
A lot of efforts are being put into research in the Fatty Acid. Progress has been made in breeding soybeans to contain different varieties of fatty acid profiles so that soybeans can be produced with specific fatty acid arrangements.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Segmentation:
Product Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
OMEGA-3
OMEGA-6
OMEGA-7
OMEGA-9
Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
Oil
Syrup
Powder
Others
Source Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
Marine
Vegetable Oils
Nuts and Seeds
Soy and Soy Products
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
Oilfield
Food and Beverage
Animal Feed
Dietary Supplements
Lubricants
Cosmetics
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Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Fatty Acid market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Fatty Acid market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Fatty Acid market key players
3.2 Global Fatty Acid size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Fatty Acid market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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