The global fatty acid ester market size is anticipated to reach USD 3.2 million by 2027 registering a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Fatty acid ester is basically oleochemical, processed from organic plant and animal sources. Increasing consumer preference for natural ingredients and process sustainability in personal care, food, and other sectors is anticipated to boost product demand.
The
market dynamics are heavily dependent on global oil and fat consumption and
regulations formulated on their manufacturing technologies and raw materials
used. Fatty acids contain chemicals that could cause detrimental health effects
in case of high intake. Hence, to a certain extent, regulatory policies
preventing hazardous chemicals being used in the food and direct contact
applications are expected to challenge the industry growth.
On
the contrary, with a shifting trend towards developing bio-based materials, the
product also expected to witness high growth, in terms of development. Fatty
acid ester and other oleochemicals have gained significance in the
global market owing to their functional efficiency, performance,
biodegradability & sustainability. Emerging economies of Asia and South
America are registering a significant industrial output owing to augmented
economic activities, thus resulting in the growth of the manufacturing sector.
Major
corporations that are dominant in North America and Europe are gradually
shifting their production capabilities to cater to high potential markets in
Asia Pacific and South America. In addition, favorable government regulations
and support, such as tax incentives, encouraging the usage of renewable resources
& biofuels are also predicted to be a key driver for the market
growth over the forecast period.
Full Research Report On Fatty Acid Ester Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/fatty-acid-esters-market
Fatty Acid Ester
Market Report Highlights
- In 2019, personal care &
cosmetics emerged as the largest application segment, as the product is
widely used in various skin creams and lotions
- In 2019, North America was
the largest regional market owing to increased cases of obesity in U.S.
and consumer awareness regarding the health benefits of the product,
especially in weight loss programs
- Changing lifestyles and
perceptions regarding beauty & appearance owing to influence of social
media and promotional campaigns by major market participants are also
expected to boost product demand
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/fatty-acid-esters-market/request/rs1
Fatty Acid Ester
Market Segmentation
Grand View Research has segmented
the fatty acid ester market on the basis of product, application, and region:
Fatty Acid Ester
Product Outlook (Volume, Kilotons; Revenue, USD Thousand, 2016 - 2027)
- Medium Chain Triglycerides
(MCT)
- Glyceryl Monostearate
- Isopropyl Esters
- Polyol Esters
- Sucrose Esters
- Glycol Esters
- Others
Fatty Acid Ester
Application Outlook (Volume, Kilotons; Revenue, USD Thousand, 2016 - 2027)
- Personal Care &
Cosmetics
- Lubricants
- Food Processing
- Surfactants & Detergents
- Pharmaceuticals
- Others
Fatty Acid Ester
Regional Outlook (Volume, Kilotons; Revenue, USD Thousand, 2016 - 2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
List of Key Players
of Fatty Acid Ester Market
- Cargill, Inc
- Arkema
- DuPont
- Evonik Industries
- Estelle Chemicals Pvt. Ltd.
- Faci Asia Pacific Pte. Ltd.
- P&G Chemicals
- The Seydel Companies Inc.
- Fine Organics
- Oleon N.V.
- KLK Oleo
- World Chem Industries
- Stepan Company
- Stéarinerie Dubois
- Metroshen International
Corporation
- Zhengzhou Yi Bang Industry
Co. Ltd.
- A.B. Enterprises
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment