Authored By: Sarah
11 Jul 2024

 Fatty Acid Market Size to grow by USD 8301.98 million between 2024-2028

According to a research report “ Fatty Acid Market” by Formulation (Oil, Powder, Capsule) Type (Unsaturated, Saturated) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 8301.98 million, at a CAGR of  5.52% during the forecast period. The global fatty acid market is experiencing significant growth due to the increasing prioritization of health and wellness among consumers. This trend is reflected in dietary preferences, with a heightened focus on healthier fatty acids, particularly monounsaturated and polyunsaturated varieties. The demand for these healthier fats is most evident in the cooking oil sector, as consumers become more discerning about the types of fats they consume. As a result, the market for cooking oils rich in these healthier fatty acids is experiencing robust growth. This shift towards healthier options is a key development in the global fatty acid market.

Browse market data tables, figures, and in-depth TOC on “Fatty Acid Market” by Formulation (Oil, Powder, Capsule) Type (Unsaturated, Saturated) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Formulation, the Oil segment is projected to dominate the market size in 2024

Unsaturated fatty acids, distinguished by the presence of one or more double bonds in their hydrocarbon chain, constitute a significant segment of the global fatty acid market. The presence of these bonds introduces a degree of curvature in their molecular structure, impeding their ability to pack tightly and resulting in a liquid state at room temperature. This category encompasses monounsaturated and polyunsaturated fats, each with distinct health benefits and commercial applications. Monounsaturated fatty acids, featuring a single double bond, include oleic acid, a prominent component of olive oil, renowned for its heart-healthy properties and integral role in the Mediterranean diet.

By Type, Unsaturated  segment is expected to hold the largest market size for the year 2024

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North America is forecasted to hold the largest market size by region in 2024

The North American fatty acid market is experiencing robust growth, primarily driven by the food, pharmaceutical, cosmetics, and personal care industries. The US and Canada are the key contributors to this market's revenue growth in 2023. The personal care and cosmetics sector is witnessing a significant expansion in North America, with the US beauty and personal care products market, in particular, benefiting from the burgeoning e-commerce industry. Fast-moving consumer goods (FMCGs), including beauty products, are among the most frequently purchased commodities online. Additionally, the anti-aging pharmaceuticals and cosmetic products segment is experiencing strong demand from consumers aged between 30 and 50 years in this region, which is characterized by developed economies, high per capita income, and considerable spending power.

The Fatty Acid Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • AAK AB
  • Aker BioMarine ASA
  • Arizona Algae Products LLC
  • Ashland Inc.
  • AVRIL SCA
  • BASF SE
  • Cargill Inc.
  • Colgate Palmolive Co.
  • Croda International Plc
  • Dow Chemical Co.
  • Eastman Chemical Co.
  • Godrej Industries Ltd.
  • Koninklijke DSM NV
  • Nikunj Chemicals
  • S.R. Chemical
  • Shiv Shakti Group
  • The Procter and Gamble Co.
  • Tokyo Chemical Industry Co. Ltd.
  • Vantage Specialty Chemicals
  • Zhengzhou Meiya Chemical Products Co. Ltd.
.

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Research Analysis Overview

The Fatty Acid market encompasses a wide range of applications, including energy storage, digestion, and various industries such as animal feeds, food and beverages, nutraceuticals, cosmetics, and more. In the context of energy storage, fatty acids like myristic and lauric acids are used to produce biodiesel through the process of transesterification, creating methyl esters. In the human body, fatty acids are an essential component of the diet, providing energy and contributing to the body's stored fat. They are also used in the production of natural oils, which are further refined into fatty alcohols, methyl esters, and other derivatives. Animal feeds utilize fatty acids as a source of energy and essential nutrients. In the food and beverage industry, they are used as emulsifiers, thickeners, and flavor enhancers. In the realm of nutraceuticals and pharmaceuticals, fatty acids are used in the production of various supplements and medications. The cosmetics industry uses fatty acids in the production of surface care products, including fabric care, floor care, and dish care. In the manufacturing of cleaning supplies, fatty acids are used in the production of cleaners, bleaches, detergents, and soaps. Overall, the Fatty Acid market is a diverse and dynamic industry, with applications spanning from energy storage to various industries and consumer products.

Market Research Overview

The Fatty Acid Market encompasses a wide range of applications, from vitamins and therapeutic nutrition to soaps, cosmetics, and pharmaceuticals. Vitamins A, D, E, and K are fat-soluble and require fatty acids for absorption. Vegetables and vegetable oils, such as sunflower, safflower, soybean, and fish oils, are rich sources of essential fatty acids like linoleic and linolenic acids. Saturated fatty acids like palmitic, stearic, myristic, and lauric acids are found in animal sources, including tuna, salmon, and dairy, as well as in coconut and palm kernel oils. The Nutraceutical industry uses fatty acids in various forms, including methyl esters, triglycerides, and hydrolyzed fatty acids, for nutritional supplements, functional food products, and immunity-boosting supplements. Fatty acids are also used in the production of soaps, detergents, and cleaning supplies. In the pharmaceutical and nutraceutical industry, fatty acids are used as drug carriers, in reactive therapies for chronic diseases like rheumatoid arthritis, and as ingredients in prescription medications. They are also used in the production of personal hygiene products, such as moisturizers and lotions. Fatty acids play a crucial role in energy storage and metabolism, and their imbalance can lead to elevated cholesterol levels and cardiovascular diseases. Consumer health awareness and the paradigm shift towards preventive interventions have led to a growing demand for fatty acid-rich foods, supplements, and nutraceutical products. Marine microorganisms, algae, and plant sources like corn seeds are emerging as new sources of fatty acids, particularly omega-3 fatty acids, which have significant health benefits for the heart and muscles. Fatty acids are also used in the production of fatty alcohols, fatty acid methyl esters, and fatty acid derivatives, which find applications in various industries, including plastics, rubber, and personal care. The Fatty Acid Market is expected to grow significantly in the coming years, driven by increasing consumer interest in healthy lifestyles, functional food products, and the development of creative and innovative applications in various industries.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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