Global Fatty Acid Esters Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Fatty Acid Esters market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.
Fatty Acid Esters Market
study offers an exhaustive summary of the vendor landscape, competitive
analysis, and key strategies to gain ruthless advantage. Fatty Acid Esters
Market Forecast provides sizing and growth opportunities. It provides
comprehensive insights on the latest industry trends, forecast, and growth
drivers in the market. it also includes a detailed analysis of growth drivers,
challenges, and investment opportunities and delivers a complete overview of
segments and the regional outlook of the market.
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Global Fatty Acid Esters
market was valued at USD 1,830.2 million in 2014 and is expected to reach USD
2.44 billion by 2022, with a CAGR of 4.6%. Fatty Acid Ester market is expected
to witness robust growth over the forecast period owing to the increasing
demand in the food industry, cosmetics, and personal care. In the food industry,
Medium chain triglycerides (MCT) are used in weight loss programs as they have
fat-burning properties and low calorific content.
In addition, FEAs such as
polyols esters and emollient are gaining importance as they have a positive
impact on the growth of bio-based and natural ingredients in personal care and
cosmetic industry. The natural ingredients used in lotions and creams for
infant care, hair, and skin, helps in substituting synthetic and toxic
chemicals which are harmful for the personal use. Also, the fatty acid ester
from natural ingredients are inexpensive as compared petroleum-based and
synthetic chemicals. The manufacturers and consumers are progressively adopting
these products so as to prevent from high production cost and various climatic
changes.
The rising obesity and
growing concern related to beauty and fitness are the factors projected to
stimulate the market growth. Moreover, the regulatory policies and escalating
consumer awareness level regarding bio-based products and polymers are the key
factors presumed to drive the development of this industry. Technological
advancement is one of the vital factors expected to increase the efficiency and
production of FEAs owing to genetic engineering. Furthermore, the evolving
fatty profiles of vegetable oils such as sunflower oil, palm oil and canola and
the introduction of high-yielding crops are estimated to escalate the
production of FEAs.
The use of fatty acid ester
in various applications is presumed to boost the market growth. The applications
include surfactants & detergents, personal care & cosmetics, food
processing, lubricants and pharmaceuticals and construction industries.
Personal care & cosmetics is projected to hold the largest market share
owing to the increased functionality and eco-profile product. Therefore,
resulting in high demand in niche applications such as water solubility,
thickening, and anti-irritant agent. Food industry is estimated to have
tremendous growth in coming six years owing to the increasing consumption of these
esters in various processed foods.
Geographically, the key
regions identified in this industry are North America, Europe, Asia-Pacific,
Latin America and the Middle East and Africa. North America is estimated to
dominate the market followed by Europe owing to the high consumer awareness
level regarding beauty and fitness. In addition increasing adoption of MCT is
projected to have a positive impact on the market growth. Asia Pacific is
expected to witness the fastest growth over the decade owing to the rising
disposable income in this region. This has led to increasing consumption of
fatty and processed foods.
The key players in this
industry include DuPont, P&G Chemicals, Evonik Industries, Cargill Inc.,
Estelle Chemicals Pvt. Ltd., Fine Organics, Stepan Company, KLK Oleo, The
Seydel Companies and World Chem Industries. Other prominent players are A.B.
Enterprises, Zhengzhou Yi Bang Industry Co. Ltd., Metroshen International
Corporation, Faci Asia Pacific Pte. Ltd, and Oleon N.V.
The market is highly
competitive in nature as the players in order to increase their market share
are adopting certain strategies such as new product development and
collaborations. In April 2016, according to the journal of food science, a
series of novel I-ascorbyl fatty acid esters were synthesized by catalization
of Novozyme 435 using electrospray ionization mass spectra, ultrasonic
irradiation, nuclear magnetic resonance and spectroscopy. In 2014, the FDA
approved Epanova (omega-3-carboxylic acids) manufactured by AstraZeneca. The
drug is used for the treatment of hypertriglyceridemia containing fish-oil
derivative free fatty acid.
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