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Fatty Acid Market: By Bond (Unsaturated Fatty Acid, and Saturated Fatty Acid), By Length of Chain (Short-chain fatty acids (SCFA), Medium-chain fatty acids (MCFA), Long-chain fatty acids (LCFA) and Very long chain fatty acids (VLCFA)) & By Region - Forecast(2019 - 2025)
Fatty Acid Market Overview:
Emollients are the key
ingredients of cosmetics and personal care products. Used as a source to
replenish and soothe the skin, fatty acids are the revolutionary emollients and
emulsifiers in the cosmetics industry. Fatty acids are a type of carboxylic
acid used as an ingredient in varied skin-care goods such as creams, lotions,
shampoos, and lipsticks, and also utilized as a dietary supplement in the
pharmaceutical industry. Generally obtained from vegetable oils, nuts and
seeds, and animal fats, fatty acid esters such as triglycerides, phospholipids,
and cholesterol esters are widely used as skin hydration and thickening agents
in cosmetics. According to the Global Wellness Institute, personal care,
beauty, and anti-aging market accounted for $1.083 billion in 2017.[1] Owing
to increasing demand for grooming products, and growing awareness about the
organic products, the global fatty acid market is expected to grow with a CAGR
of 4% during the forecast period of 2019-2025.
Fatty Acid Market Outlook:
Shifting trends in beauty
and cosmetic care industry is acquiring lucrative deals for the natural,
chemical free products. Fatty acid supply-demand chain is driven by the key
regions such as the U.S., APAC, Africa, and others. APAC accounted for the
largest regional share of 55% and the global market value of fatty acid crossed
$21 billion in 2018. Increasing population in APAC directly influences the
opportunities for cosmetics and personal care market. The cosmetic industry in
China propelled exceedingly and eased at an annual growth rate of 12.3% in
2018.[2] As
per the study of IndustryARC’s experts, the cosmetic and personal care is the
fastest growing segment and will experience an application CAGR of 5% through
to 2025. This statistical growth of the beauty care market determines the
global fatty acid market growth in the APAC region.
Fatty Acid Market Growth Drivers:
·
Augmented Population Demand:
The world population
is anticipated to reach 8.5 billion by 2030[3] associated
with increasing consumption rate globally. Rising demand for sustainable
bio-products such as soaps, food emulsifiers, surface cleanser, detergents,
fertilizers, cosmetics, paints, and skin cares have boosted the rising fatty
acid market demand for industrial, commercial, and consumer utilization.
·
Increasing Health Prospects:
Two vital
poly-unsaturated fatty acids (PUFAs), Omega-3 and Omega-6 fatty acids are
prominent in the healthcare industry owing to diverse health benefits. Used as
drugs and dietary supplements, PUFAs potential efficiency in the treatment
coronary disease, kidney and lung disorder, blood pressure, and others account
for the medical prowess of fatty acids.
Fatty Acid Market Challenges:
Fatty acids are
naturally occurring and has negligible limitations in its application in
several industries. The most common challenge that fatty acid market is exposed
to includes the fishy smell on ingesting fatty acid derivatives’ dietary
supplements and drugs. Furthermore, as per the report analysis of
IndustryARC, n-3 LCPUFAs deficiency is overwhelming in Western diets.
Whereas, intake of these fatty acids has been a challenge to the global market
owing to its oxidation deterioration. This has come up as a major concern
to the food scientists and technological experts. This challenge can be
combated by the addition of artificial odor eliminators that are commonly used in
industrial setups in the current scenario.
Fatty Acid Market Key Players:
The leading companies
of the global fatty acid market are BASF, Eastman Chemical, Colgate Palmolive
Ltd, Wujiang Jinyu Lanolin Co. Ltd., Behn Meyer Holding AG, FMC Corporation,
The DOW Chemical Company, Croda International Plc, Omega Protein Corporation,
FairChem, and many others.
Omega Protein
Corporation is the U.S. based company delivering omega-3, food supplements, and
nutraceuticals to the end-users for enriching cooking, baking and dairy
products. Croda International Plc is a British chemical company specializing in
various products such as adhesive, beauty and personal care, dietary
supplements, oleo chemicals, and others. Utilizing sustainable energy resources
to manufacture these products they offer diverse range of fatty acids including
distilled and polymerized fatty acids, stearic fatty acids and many more.
Fatty Acid Market Trends:
·
Enhancing Thermal Energy Storage
Fatty acid are often
used as phase change materials (PCM) for thermal energy storage owing to its
high extent of latent heat capacity. PCMs find place in building ceilings and
walls and also in cold and heat storages, it stores heat or cold simultaneously
as the temperature rises or falls in the surrounding. They are widely applied due
to their cost-effectiveness and being abundant in nature.
·
Trending Omega Fatty Acid Supplements
Omega fatty acids are
found abundantly in fish oils and is a vital ingredient for human body. With a
wide range of benefits, Omega-3 fatty acids and Omega-6 fatty acids are used as
dietary supplements for enhancing heart health, lungs, eyes, and overall immune
system. Growing health awareness is compelling people to accept these into
their lifestyle, which is disrupting the market.
Fatty Acid Market Research Scope:
The base year of the
study is 2018, with forecast done up to 2025. The study presents a thorough
analysis of the competitive landscape, taking into account the market shares of
the leading companies. It also provides information on unit shipments. These
provide the key market participants with the necessary business intelligence
and help them understand the future of the fatty acid market. The assessment
includes the forecast, an overview of the competitive structure, the market
shares of the competitors, as well as the market trends, market demands, market
drivers, market challenges, and product analysis. The market drivers and
restraints have been assessed to fathom their impact over the forecast period.
This report further identifies the key opportunities for growth while also
detailing the key challenges and possible threats. The key areas of focus
include the types of fatty acid
in fatty acid market, and their
specific applications in different areas.
Fatty Acid Market Report: Industry Coverage:
The fatty acid
market report also analyzes the major geographic regions for the market as
well as the major countries for the market in these regions. The regions and
countries covered in the study include:
•
North America: The U.S., Canada, Mexico
•
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa
Rica
•
Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain,
Denmark
•
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
•
Middle East and Africa: Israel, South Africa, Saudi Arabia
Key Questions Addressed in the Fatty Acid Market Report
1.
Is the market for Fatty Acid growing? How long will it continue to
grow and at what rate?
2.
Which type of segment presents the major growth opportunities?
3.
Is there a possibility for change in the market structure over time?
4.
Are additional developments needed for the existing product or services
offerings or do the existing products meet the customer demands?
5.
Do the key vendors look for partnerships to expand their businesses with
respect to geography or product?
6.
What are the short-term, long-term, and medium-term growth drivers for the
market?
7.
What are the short-term, medium-term, and long-term challenges for the market?
8.
What are the short-term, medium-term, and long-term opportunities for the
market?
9.
Who are the top players/companies of the market?
10.
What are the recent innovations in the market?
11.
How many patents have been filed by the leading players?
12.
What are the types of patents filed by the leading players?
13.
What is our Vision 2030 Fatty Acid market?
A few focus points of this Research are given below:
•
Give a deep-dive analysis of the key operational strategies with focus on the
corporate structure, R&D strategies, localization strategies, production
capabilities, and sales performance of various companies
•
Provide an overview of the product portfolio, including product planning,
development, and positioning
•
Discuss the role of technology companies in partnerships
•
Explore the regional sales activities
•
Analyze the market size and giving the forecast for current and
future Fatty Acid market during the forecast 2019–2025
•
Analyze the competitive factors, competitors’ market shares, product
capabilities, and supply chain structures.
Reference:
[1] https://globalwellnessinstitute.org/press-room/press-releases/wellness-now-a-4-2-trillion-global-industry/
[2] http://www.ecobizchina.org/cpcta/
[3] https://www.un.org/en/sections/issues-depth/population/
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