PUBLISHER: QYResearch | PRODUCT CODE: 1874400
PUBLISHER: QYResearch | PRODUCT CODE: 1874400
The global market for Palmitic Acid was estimated to be worth US$ 255 million in 2024 and is forecast to a readjusted size of US$ 300 million by 2031 with a CAGR of 2.4% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Palmitic Acid cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Palmitic acid is a saturated fatty acid commonly found in both animals and plants. It is a major component in the oils from palm trees, such as palm oil, palm kernel oil and coconut oil.
Southeast Asia (Malaysia, Indonesia) remains the largest producer due to abundant palm oil resources; China, India, and Europe are significant downstream markets.
Market Dynamics:
Biodegradable Demand Rise:
Global regulations favor bio-based surfactants, boosting natural fatty acid markets, including palmitic acid.
Cosmetic Industry Growth:
Rapid growth in skincare and beauty products in Asia-Pacific and Latin America drives palmitic acid consumption.
Food Industry Recovery:
Post-pandemic recovery of processed food and confectionery sectors increases demand for emulsifiers containing palmitic acid.
Shift towards Sustainable Sourcing:
RSPO-certified palm oil-derived palmitic acid becomes a preferred choice among environmentally conscious brands.
Market Trends:
Bio-based Chemical Growth:
Palmitic acid will play a greater role as an eco-friendly feedstock in green plastics, lubricants, and surfactants.
Asia-Pacific Dominance:
China, India, and Southeast Asia will account for 60%+ of consumption, driven by population growth and industrialization.
GMP-grade Development:
Pharmaceutical and nutraceutical sectors demand high-purity GMP-grade palmitic acid for drug and supplement formulations.
Circular Economy Integration:
Manufacturers are exploring upcycling and waste-free technologies in fatty acid processing to meet ESG goals.
Market Challenges:
Price Volatility:
Raw palm oil price fluctuations heavily impact palmitic acid manufacturing costs.
Environmental Pressure:
Deforestation and RSPO compliance remain major sustainability challenges for palm-based fatty acid producers.
Competition from Synthetic Alternatives:
Petrochemical-derived fatty acid substitutes may limit palmitic acid market in industrial sectors.
Trade Barriers:
EU and US regulatory restrictions on palm oil derivatives may limit export opportunities.
This report aims to provide a comprehensive presentation of the global market for Palmitic Acid, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Palmitic Acid by region & country, by Type, and by Application.
The Palmitic Acid market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Palmitic Acid.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Palmitic Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Palmitic Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Palmitic Acid in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.