Fatty Acid Market Research Report - Global Forecast till 2030

Fatty Acid Market Research Report: By Source (Animal Source and Plant Source), by Type (Saturated, Monounsaturated, and Polyunsaturated), by Application (Food & Beverages, Animal Feed, Pharmaceuticals & Nutraceuticals, Personal Care, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030

ID: MRFR/F-B & N/1823-HCR | February 2021 | Region: Global | 135 pages

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Fatty Acid Market Overview

The fatty acid market is estimated to expand at a significant rate of 5.73% during the analysis period of 2020 to 2030. Further, the worldwide market is registered to reach USD 33.68 billion of market value during the review period of 2030. 

The fatty acid consists of a long aliphatic chain that is either unsaturated or saturated. It is also known as a carboxylic acid. Fatty acids are widely used as lubricants by cosmetics manufacturers in many countries. For instance, fatty acids are present in many creams and lotions for hair and skin. In addition, fatty acids are also used as stabilizing agents, emulsifiers, wetting agents, anti-foam agents, or texturizing agents. Therefore, these factors are increasing the Market demand in the research period. 

The market consists of various intended audiences who play an essential role in enhancing the market value. These intended audiences are food processors, commercial research and development institutions, agriculture associations, retailers, distributors, wholesalers, and raw material suppliers and distributors.

The natural fatty acids include antifungal, antibacterial, and antiviral properties that enhance their popularity in the personal care and cosmetics market and household. Moreover, the fatty acid is useful to fuel the thickness of the product as it offers consistency and opacifying effect. Thus, this effect is making it useful in personal care and cosmetic products. In addition, the increasing urbanization and rising incomes of the consumers are changing their lifestyle, resulting in the growing consumption of cosmetic and personal care products. For instance, it increases the Fatty Acid Market demand in the household, personal care, and cosmetics industry. With the growing demand for personal care and cosmetic products, the demand for fatty acids is also growing in the review period. 

COVID-19 Impact Analysis

Like, any other sector, the market also went through a little downfall during the COVID-19 pandemic. At this time, the Fatty Acid Market size has experienced a huge loss as many investors were not investing in it, and also, the sales and supply chain has been disrupted for a certain period. 

However, the time has changed now, and the market is again expected to fuel the market growth in the analysis period due to the collective efforts of the worldwide market players. 

Market Dynamics

  • Key market drivers

The Fatty Acid Market demand is expanding during the review period due to the growing demand for dietary supplements and functional food products. Moreover, the growing demand for fatty acids from different application industries like animal feed, food processing, nutraceuticals, and beverages is projected to thrive worldwide. 

On April 28, 2014, the U.S. Food and Drug Administration published its final rule, "Food Labeling: Nutrient Content Claims; Alpha-Linolenic Acid, Eicosapentaenoic Acid, and Docosahexaenoic Acid Omega-3 Fatty Acids." For instance, on January 1, 2016, it became effective that proscribe claims that the food is high in EPA or DHA. This can enhance the Market size in the analysis period. 

  • Market Opportunities

The rising demand for functional food products and the growing demand for fatty acids from different application industries can bring more opportunities for the fatty acid market players and manufacturers.

Moreover, the market size is also growing because of its high preference for bio-based raw materials, which can bring lucrative opportunities for the global market in the review period. 

  • Market Restraints

The high cost of price and unavailability of the raw material can hinder the growth of the market.

Apart from that, the Fatty Acid Market share might get hampered due to the high cost of the product.

  • Market Challenges

The increasing demand for fatty acids from different End-user industries can be one of the biggest challenges for the Market.

The global market might also experience challenges due to the unprecedented Covid-19 that has disrupted the value chain and supply chain. 

Cumulative Growth Analysis

Significant growth has been evident in the fatty acid market because of the growing demand for Fatty Acid among the industries.

Moreover, different regional market players are working competitively to show the cumulative growth of the market during the assessment period. 

Market Segmentation

The Fatty Acid Market analysis has segmented the global market based on type, source, application, and region.

  • By Type:

Based on the type segment, the market has been classified into monounsaturated, saturated, and polyunsaturated.

Out of all segments, the monounsaturated segment is projected to register the significant Market share in the forecast period due to omega-6 and omega-3 fatty acids in the dietary supplements.

  • By Source:

The fatty acid market has been divided into plant and animal sources in terms of source segment.

The Market is expanding with these two raw material sources. 

  • By Application:

Depending on the application segment, the fatty acid market has been segregated into animal feed, textile industry, food & beverages, personal care, pharmaceuticals &nutraceuticals, and others.

The textile industry is estimated to expand substantial growth in fatty acids due to the high applications ranging from wetting agents, dispersants, emulsifying softeners, and scouring agents.

  • By Region:

Based on regional segment, the fatty acid market has been categorized into four key regions: Asia-Pacific, North America, Europe, and the rest of the world.

The Asia-Pacific market has been sub-divided into Australia and New Zealand, China, Japan, India, and the rest of Asia-Pacific. The North American market has been sub-divided into Canada, the US, and Mexico. The European regional market is consists of Germany, the UK, France, Spain, Italy, and the rest of Europe. In addition, the rest of the world is segregated into the Middle East, Africa, and South America. 

Regional Analysis

The Fatty Acid Market analysis highlights that the Asia-Pacific regional market is anticipated to dominate for the forecast period because of the abundant availability of fatty acid vegetable sources in countries like Indonesia, China, and India. This region is expanding the Market demand and supply due to the growing demand for food and beverages and the rising population in the region. Moreover, the market growth is fueling due to the growing application scope in the animal feed and textile industries. 

Furthermore, the North American Market is registered to hold the highest CAGR in the upcoming years. This regional market is fueling due to the increasing demand for fatty acids from different end-use industries like beverage making, food processing, personal care, and pharmaceutical. Moreover, prominent market players offer many types of fatty acids like Arizona Chemicals, Vantage Oleochemicals, Eastman Chemical Corporation, and Ashland Inc., expanding the North American Market share in the research period. 

Competitive Landscape Analysis

The fatty acid market market players have significant opportunities in the global market where they can show their presence. These prominent market players are:

  • BASF SE (Germany), 

  • Akzo Nobel N.V (Netherlands),

  • Ashland Inc. (US),

  • WujiangJinyu Lanolin Co. (China),

  • Vantage Oleochemicals (US), 

  • Aker BioMarine AS (Norway),

  • Ferro Corporation (US), 

  • Oleon N.V. (Belgium),

  • Arizona Chemicals (US), 

  • Eastman Chemical Company (US), 

  • Colgate-Palmolive Ltd (India),

  • Godrej Industries (India), 

  • Ferro Corporation (US), 

  • LongyanZhuoyue New Energy Co. Ltd. (China),

  • Eastman Chemical Corporation (US).

As per the Fatty Acid Market analysis, the market giants are implying new strategies by focusing on the promotion, partnership, launch of a new product, and new technological advancements to propel the market value. 

Recent Developments

  • On September 14, 2021, a business unit of Vantage Specialty Chemicals known as Vantage Oleochemicals has declared that its price for all tallow oleic fatty acid grades will rise by $0.06 per pound, which will be effective from October 1, 2021. 

Report Overview

The present Fatty Acid Market share report has involved both primary and secondary research methods to measure the performance of the global market. This report has covered market dynamics, competitive analysis, regional analysis, covid-19 analysis, and recent developments. Moreover, this report has highlighted the negative impact of the covid-19 on the market. However, the present global market has shown a significant market share and is projected to grow higher in the upcoming years. 

Furthermore, this report has also explained the current marketing strategies of the market players to enhance the market growth.

Segmental Table:

By Type

  • monounsaturated, 

  • saturated, 

  • polyunsaturated

By Source

  • plant source

  • animal source

By Application

  • animal feed, 

  • textile industry, 

  • food & beverages, 

  • personal care, 

  • pharmaceuticals &nutraceuticals, 

  • others

By Region

  • Asia-Pacific, 

  • North America, 

  • Europe,

  • the rest of the world

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Frequently Asked Questions (FAQ) :

Fatty Acid Market CAGR would be 5.73% during the forecast period.

Fatty Acid Market valuation would be USD 33.68 billion by 2030.

Animal and plant source are the sources discussed in Fatty Acid Market report.

North America would be the fastest-growing Fatty Acid Market.

The Asia Pacific market would be the largest Fatty Acid Market.