Fatty Acids Market to be Worth $40.05 Billion by 2030 - Grand View Research, Inc.

SAN FRANCISCO, Nov. 16, 2022 /PRNewswire/ -- The global fatty acids market size is expected to reach USD 40.05 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to witness a modest CAGR of 4.9% from 2022 to 2030. The growth is majorly driven by the rising demand for supplements amidst the outbreak of the COVID-19 pandemic across the globe. There was a shift in consumer preference for healthy food products and supplements which help improve immunity. This, in turn, positively influenced the demand for the fatty acids market.

Key Industry Insights & Findings from the report:

• Saturated type is the fastest growing segment with a CAGR of 5.1% on the account of the various benefits associated with it such as reducing blood cholesterol, improving inflammation, and aiding in weight loss.
• Oil form is the fastest growing segment with a CAGR of 5.0% due to the prominent end-use in key applications such as household cleaning, pharmaceutical, personal care & cosmetics, and food & beverage.
• Pharmaceutical & nutraceutical end-use is the fastest growing segment with a CAGR of 5.2% due to the growing utilization of supplements by consumers to ensure fulfillment of daily nutrient content to lead a healthy life.
• North America is the fastest growing region with a CAGR of 6.1% because of the abundant availability of raw materials coupled with largescale consumption of the product by end-use industries.

Read 140-page market research report, "Fatty Acids Market Size, Share & Trends Analysis Report By Type (Saturated, Unsaturated), By Form (Oil, Powder, Capsule), By End-use (Industrial, F&B), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Fatty Acids Market Growth & Trends

The household & industrial cleaning application emerged as a dominant segment on the account of the growing utilization in numerous cleaning products such as detergents, surfactants, soaps, and floor & surface cleaners. It is used as an anti-foaming agent and has exceptional cleansing, emulsifying, and wetting properties. According to the International Association of Soaps, Detergents, and Maintenance Products (A.I.S.E), the world witnessed an increase in the utilization of cleaning products by approximately 74% after the outburst of the COVID-19 pandemic.

Asia Pacific is the dominant region in the fatty acids global landscape on account of the strong presence of key manufacturers in key countries including India, Japan, Indonesia, and Malaysia. The rising health awareness, wide availability, and the growing demand for dietary supplements are among the key factors influencing the market demand. The manufacturers in the region have also invested significantly in the production of surfactants which have witnessed rising popularity due to the increasing individual initiatives, and policy mandates promoting the use of bio surfactants, amidst the COVID-19 pandemic.

The fatty acids industry is a fragmented landscape with numerous manufacturers across the globe. The market players have an integrated value chain that enables them to reach a broader customer base. It creates well-established distribution networks and helps in reaching a broad customer base across different regions. The established and experienced players continue to develop advanced technology to improve product standards in order to ensure consistency in product quality.

Fatty Acids Market Segmentation

Grand View Research has segmented the global fatty acids market based on type, form, end-use, and region

 Fatty Acids Market - Type Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Saturated
• Unsaturated

Fatty Acids Market - Form Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Oil
• Powder
• Capsule

Fatty Acids Market - End-use Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Household & Industrial Cleaning
• Food & Beverage
• Pharmaceutical & Nutraceutical
• Personal Care & Cosmetics
• Industrial
• Others

Fatty Acids Market - Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• South Korea
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• South Africa

List of Key Players in the Fatty Acids Market

• Akzo Nobel
• BASF SE
• Ashland Inc.
• Eastman Chemical Company
• DOW
• Croda International Plc
• Cargill Incorporated
• Arizona Chemicals
• Koninklijke DSM NV
• Oleon N.V.

Check out more related studies published by Grand View Research:

• Glycerol Market - The global glycerol market size is estimated to reach USD 3.7 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2021 to 2027. Improved standard of living coupled with growing consumer demand for high quality and innovative personal care products is expected to drive the market over the forecast period. Glycerol is a thick, clear, and odorless polyol that belongs to the alcohol family of organic compounds. It is produced by the hydrolysis of fats and natural oils present in plants and animals.
• Bio-acetic Acid Market - The global bio-acetic acid market size is expected to reach USD 319.6 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 4.9% during the forecast period. This increase can be attributed to the need for bio-acetic acid in the food and beverages and construction industries.
• Bio-succinic Acid Market - The global bio-succinic acid market size is expected to reach USD 272.4 million by 2030, as per a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.6% from 2022 to 2030. The growth is attributed to the rising demand for bio-succinic acid in several end-use industries such as food and beverages, pharmaceuticals, and personal care and cosmetics.

Browse through Grand View Research's  Renewable Chemicals Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg