Global Natural Fatty Acids Market - Segmented by Type, End-user Industry, and Geography - Trends and Forecast (2022 - 2030)
The global natural fatty acids market is expected to register a CAGR of 4.5% during the forecast period, 2018 - 2023. Fatty acids are long aliphatic chains of unsaturated/saturated carboxylic acid. Natural fatty acids are naturally occurring esters of glycerol, which are found in fats and fatty oils having the n-2 number of carbon atoms in chains ranging from 1-30 C’s. These fatty acids are obtained by hydrolysis of natural oil and fats. Natural fatty acids get converted into oleo-chemicals when consumed, which are biodegradable and renewable.
Increasing Demand in Cosmetics and Personal Care Products
Fatty acid provides an opacifying effect and consistency, and increases the thickness of the product. Hence, it is widely used in cosmetics and personal care products. The personal care products market is expected to cross over USD 200 billion by 2020, with Asia-Pacific and Europe taking the leading positions in the market. Evolution in consumer lifestyles as a result of rising incomes and increasing urbanization are contributing to the increasing consumption of personal care and cosmetic products in the market, at present. As the market for personal care and cosmetic products will rise, the use of natural fatty will also continue to grow during the forecast period.
C8 Caprylic Fatty Acid Applications are expected to Increase
Caprylic acid belongs to a class of medium-chained saturated fatty acid. It is also called octanoic acid and is found naturally occurring in dairy products, such as coconut oil and palm oil. Owing to its antibacterial, antifungal and antiviral properties, caprylic acid is used in the treatment of health problems associated with overgrowth of yeast, such as candida and thrush. The US Food and Drug Administration is promoting caprylic acid, because it liberates fatty acids and has nutritional values. Furthermore, caprylic acid is also used in the perfume industry for the production of esters and in the manufacture of dyes as well.
Asia-Pacific Dominates the Market
Geographically, the market has been segmented into Asia-Pacific, North America, Europe, South America, and Middle East & Africa. In 2016, Asia was the leading consumer in the natural fatty acid market. China continues to be the largest consumer across the globe, with a sustained growth. Western Europe accounted for the second leading consumer of natural fatty acids, followed by North America. North American countries, such as the United States and Canada, are likely to experience a growing demand due to the increasing requirement from dietary supplements and functional foods sector. In growing economies, such as China and India these acids are witnessing a strong demand from cosmetics and personal care industries.
Key Developments
April 2017: The University of Malaya (UM) and the company, Oleon co., signed a MoU, which confirmed that both parties will join each other in research, in order to develop a new generation of environment-friendly additives for lubricants
Major Players: BASF SE, Eastman Chemical, Colgate-Palmolive Ltd., Wujiang Jinyu Lanolin Co. Ltd., and Behn-Meyer Holding AG, amongst others.
Reason to Purchase this Report
Analyze various perspectives of the market with the help of Porter’s five forces analysis
Understand the dominating process type and filler used in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
Increasing Demand in Cosmetics and Personal Care Products
Fatty acid provides an opacifying effect and consistency, and increases the thickness of the product. Hence, it is widely used in cosmetics and personal care products. The personal care products market is expected to cross over USD 200 billion by 2020, with Asia-Pacific and Europe taking the leading positions in the market. Evolution in consumer lifestyles as a result of rising incomes and increasing urbanization are contributing to the increasing consumption of personal care and cosmetic products in the market, at present. As the market for personal care and cosmetic products will rise, the use of natural fatty will also continue to grow during the forecast period.
C8 Caprylic Fatty Acid Applications are expected to Increase
Caprylic acid belongs to a class of medium-chained saturated fatty acid. It is also called octanoic acid and is found naturally occurring in dairy products, such as coconut oil and palm oil. Owing to its antibacterial, antifungal and antiviral properties, caprylic acid is used in the treatment of health problems associated with overgrowth of yeast, such as candida and thrush. The US Food and Drug Administration is promoting caprylic acid, because it liberates fatty acids and has nutritional values. Furthermore, caprylic acid is also used in the perfume industry for the production of esters and in the manufacture of dyes as well.
Asia-Pacific Dominates the Market
Geographically, the market has been segmented into Asia-Pacific, North America, Europe, South America, and Middle East & Africa. In 2016, Asia was the leading consumer in the natural fatty acid market. China continues to be the largest consumer across the globe, with a sustained growth. Western Europe accounted for the second leading consumer of natural fatty acids, followed by North America. North American countries, such as the United States and Canada, are likely to experience a growing demand due to the increasing requirement from dietary supplements and functional foods sector. In growing economies, such as China and India these acids are witnessing a strong demand from cosmetics and personal care industries.
Key Developments
April 2017: The University of Malaya (UM) and the company, Oleon co., signed a MoU, which confirmed that both parties will join each other in research, in order to develop a new generation of environment-friendly additives for lubricants
Major Players: BASF SE, Eastman Chemical, Colgate-Palmolive Ltd., Wujiang Jinyu Lanolin Co. Ltd., and Behn-Meyer Holding AG, amongst others.
Reason to Purchase this Report
Analyze various perspectives of the market with the help of Porter’s five forces analysis
Understand the dominating process type and filler used in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
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