Global Fatty Acid Ester Market by Application (Personal Care & Cosmetics, Food Processing), by Product (Glyceryl Monostearate, MCTs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global fatty acid ester markets were valued at USD 2.25 million in 2019. They are expected to grow at a compound annual rate (CAGR), of 4.5% between 2020 and 2027. Market growth can be attributed mainly to the increased demand for fatty acids (FAEs), from various end-use sectors such as pharmaceuticals, food processing, personal care, and healthcare.

The demand for natural substances, such as FAEs in the pharmaceutical industry to treat gastrointestinal diseases and other ailments is expected to rise with the aging population. Over the forecast period, product consumption is expected to rise due to increasing demand for natural products with low calorific contents to aid weight loss and adhere to changing perceptions about beauty and appearance.

The rise in obesity rates, especially in developed countries, is likely to boost the demand for food processing products. Due to the COVID-19 epidemic, which led to many factories and manufacturing sites being closed, there has been a decline in the demand for personal care and cosmetic products.

Numerous plants were shut down which has impacted cosmetics production in many countries, particularly in developed ones. This has lowered product demand and influenced the economy's ability to produce the products that it needs. However, the market is expected to grow due to the increasing demand for pharmaceutical products, surfactants and detergents, as well as essential food products.

Product Insights

Glyceryl monostearate dominated the market, accounting for over 36% of 2019's overall market share. It is used primarily in baked goods. Because it gives the final product a smooth texture, icecreams are in high demand. It is used extensively in the pharmaceutical sector as a control release agent and in many other industrial applications such as emulsifier, thickening agents, and Lubricant. This will promote segment growth during the forecast period.

Middle Chain Triglycerides (MCT), emerged as the second largest product segment. MCTs provide stability and smooth texture for various personal care and cosmetic products. MCTs can also be used with prescription drugs to treat conditions such as diarrhea, celiac disease, liver disease, and steatorrhea (fat indigestion). MCTs also play an important role in weight loss by encouraging calorie-burning.

Because of their moisturizing properties, isopropyl esters are mostly derived from oils. Products such as myristate and palmitate are often used in personal care products. The global market is witnessing strong growth in other esters such as and sucrose. The product's functional properties are expected to increase its demand in many end-use industries such as paper, pharmaceuticals and food during the forecast period.

Application Insights

The market was dominated by personal care and cosmetics, accounting for more than 36% of the total market in 2019. The rising influence of social media will be a key factor in driving product demand and the growth of personal care & cosmetics. Additionally, government programs that help control obesity and other lifestyle diseases like diabetes have resulted in a rise in the use of medium-chain triglycerides (MCT) in processed foods.

Another important application area for the product is detergents & surfactants. This application will see a rise in demand for sustainable washing methods due to rising environmental concerns.

Surfactants and detergents are dependent on the product's ability to dissolve oils/dirt and water. This allows for effective cleaning with less resources. Stringent regulations on environmental preservation, rising construction costs, oil and gas production, as well as a rebounding in consumer spending for personal care products are all major factors driving product demand in many end-use applications.

Regional Insights

North America dominated the market in 2019, accounting for more than 35.0% of global revenue. It is expected to maintain its dominance during the forecast period. This application segment is expected to see high standards of living, increased focus on beauty and appearance due to social media influence and changing consumer perceptions.

Natural ingredients and cosmetics made with fatty acid esters are seeing a rise in demand due to rising sustainability and health concerns. APAC is the fastest growing region market because of the high use of glyceryl monstearate in cosmetics and personal care products. The region's manufacturing and food processing industry sectors have been impacted by rising industrial output and a growing population, particularly in China, India and Southeast Asia. This has led to a strong demand for sustainable and natural materials that have specific properties.

Market Share Insights & Key Companies

Major manufacturers are engaged in product and technology innovation, R&D initiatives, industrial collaborations, and other activities to increase their product ranges and expand their geographic reach. The rapid depletion and implementation of strict government regulations will likely increase demand for sustainable and renewable products such as FAEs in many end-use applications and support market growth.

Through a large distribution network, independent producers in the market supply fatty acids to product makers. Due to their low toxicity and higher sustainability and growing environmental concerns, there is a rising demand for oil chemicals. This will encourage strategic alliances and partnerships between fatty acid and ester industry players, which will increase their customer base and global reach. The following are some of the major players in the fatty acids 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

• Stearinerie Dubois

• Metroshen International Corp.

• Zhengzhou Yi Bang Industry Co. Ltd.

• A.B. Enterprises

Up Market Research published a new report titled “Fatty Acid Ester Market research report which is segmented by Application (Personal Care & Cosmetics, Food Processing), by Product (Glyceryl Monostearate, MCTs), By Players/Companies DuPont, Faci Asia Pacific Pte Ltd, The Seydel Companies Inc, Evonik Industries, Zhengzhou Yi Bang Industry Co Ltd, Metroshen International Corp, St©arinerie Dubois, Cargill Inc, Stepan Company, Arkema, Fine Organics, Oleon NV, Estelle Chemicals Pvt Ltd, KLK Oleo, World Chem Industries, P&G Chemicals, AB Enterprises”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Fatty Acid Ester Market Report Segments:

The market is segmented by Application (Personal Care & Cosmetics, Food Processing), by Product (Glyceryl Monostearate, MCTs).

Fatty Acid Ester Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Fatty Acid Ester Market

Overview of the regional outlook of the Fatty Acid Ester Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Fatty Acid Ester Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Fatty Acid Ester Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Personal Care & Cosmetics

                2. Food Processing

                1. Glyceryl Monostearate

                2. MCTs

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Fatty Acid Ester Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Fatty Acid Ester Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.