Fatty Acids Global Market Report 2024

Fatty acids serve as energy sources for muscles, the heart, and various organs, acting as essential building blocks for fats and playing a role in managing inflammation within the human body. These acids consist of a straight chain with an even number of carbon atoms, featuring hydrogen atoms along the chain's length and a carboxyl group (COOH) at one end.

The primary product categories for fatty acids encompass unsaturated fatty acids and saturated fatty acids. Saturated fatty acids (SFA) lack double bonds and are characterized by the formula R-COOH, with the R-group presenting a straight-chain hydrocarbon of the form CH3(CH2)n. These chains vary in length, ranging from short-chain lengths, resulting in volatile liquids, to longer chain lengths exceeding 30 carbon atoms, leading to waxy solids. Fatty acids are available in various forms such as oil, capsules, syrup, and powder, sourced from vegetable oils, marine oils, nuts and seeds, soy and soy products. End-user industries encompass household, cosmetics and personal care, soap and detergent, oilfield, rubber and plastic, lubricants, and others.

The fatty acids market research report is one of a series of new reports from The Business Research Company that provides fatty acids market statistics, including fatty acids industry global market size, regional shares, competitors with a fatty acids market share, detailed fatty acids market segments, market trends and opportunities, and any further data you may need to thrive in the fatty acids industry. This fatty acids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fatty acids market size has grown strongly in recent years. It will grow from $89.68 billion in 2023 to $98.2 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The expansion observed in the historical period can be ascribed to robust economic growth in emerging markets, heightened demand for cosmetics and personal care items, a surge in applications utilizing caprylic fatty acid, an uptick in health-related applications, and the rise of the plastics and rubber industries.

The fatty acids market size is expected to see strong growth in the next few years. It will grow to $137.88 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The anticipated growth in the forecast period can be attributed to increased demand from the growing population and a heightened focus on health consciousness. Key trends expected in the forecast period include a rise in the utilization of recycled raw materials in fatty acids, an increase in mergers and acquisitions, strategic partnerships, and the introduction of new products.

The fatty acids market is experiencing growth due to the rising demand for cosmetics and personal care products. Fatty acids play a crucial role in the cosmetics industry as emollients and emulsifiers, contributing to skin replenishment and soothing. They are utilized as ingredients in various skincare products such as creams, lotions, shampoos, and lipsticks. Esters of fatty acids, including triglycerides, phospholipids, and cholesterol esters, are commonly incorporated into cosmetics for their skin-hydrating and thickening properties. Coty, a French beauty company, reports consistent growth of the beauty market at 3% to 5% annually, with a projected net revenue increase of 6% to 8% each year through 2025. The heightened demand for cosmetics and personal care products has consequently led to an increased demand for fatty acids, contributing to market growth during the specified period.

The anticipated growth of the fatty acid market is further propelled by the increasing prevalence of cardiovascular diseases. Cardiovascular disease (CVD) encompasses a range of diseases affecting the heart or blood vessels. Fatty acids, especially omega-3 and omega-6 fatty acids, offer various cardiovascular health benefits, aiding in the prevention and management of cardiovascular diseases. According to the Centers for Disease Control and Prevention (CDC), over 695,000 people in the US died from heart disease, accounting for one out of every five deaths. Additionally, a report from the Office for National Statistics reveals that on March 21, 2021, 6.6 million people in the UK had a cardiovascular condition, emphasizing the significant impact of these diseases. Hence, the increasing prevalence of cardiovascular disease is a driving force behind the growth of the fatty acid market.

The increasing awareness of health-related issues has led to a growing utilization of omega fatty acid supplements. Omega fatty acids, predominantly found in fish oils, are essential components for the human body. Omega-3 supplements, known for their potential to alleviate symptoms of rheumatoid arthritis, serve as dietary or medicinal supplements. The incorporation of Omega-3 and Omega-6 fatty acids aids in disease prevention, enhances cardiovascular health, supports a healthy metabolism, alleviates joint pain and inflammation, and promotes optimal brain function. According to the World Health Organization (WHO), approximately 17.9 million people worldwide succumb to cardiovascular diseases annually. Consequently, the escalating awareness of health concerns, particularly those related to heart diseases, is anticipated to propel the fatty acids market.

Prominent companies in the fatty acid market are directing their efforts toward the development of innovative products, such as cetoleic acid products, to fortify their market presence. Cetoleic acid, associated with a specific type of fatty acid, is exemplified by Grøntvedt Biotech's launch of CETO3 in February 2023. This product features high-quality cetoleic acid oil enriched with Omega-3 EPA and DHA, demonstrated to increase the body's production of EPA and DHA by up to 50% in a recent omega-3 index pilot study. Notably, CETO3 ensures a pleasant experience with its odor- and taste-free composition, eliminating any fishy smell or reflux.

In July 2023, Novartis AG, a Switzerland-based pharmaceutical company, completed the acquisition of DTx Pharma Inc. for an undisclosed amount. This strategic move aims to enhance Novartis's capabilities in RNA-based treatments by integrating DTx's fatty acid ligand-conjugated oligonucleotide (FALCON) platform into its siRNA toolbox. DTx Pharma Inc., headquartered in Canada, specializes in utilizing its unique FALCON platform to develop siRNA treatments for neurological disorders.

Major companies operating in the fatty acids market report are BASF SE, LG Household & Health Care Ltd., Kraton Corporation, Royal DSM, Cargill, Incorporated, Evonik Industries, Eastman Chemical Company, Croda International PLC, Omega Protein Corporation, AAK, Fairchem, Divine Oleoformulations (India) LLP, Australian Chemical Industries Int Co., Jayant Oils And Derivatives Ltd., Subhash Chemicals Industries Pvt Ltd., Atlas Chemicals, Guangdong Jiangmen Chemical Plant, Shanghai Yan'an Grease Chemical Co. Ltd., Gysmecol (Guangzhou) Technology Co., Ltd., Akzonobel NV, Aker BioMarine, Oleon NV, Emery Oleochemicals GmbH, Ferro Corporation, Kao Oleochemical, Ashland Global Specialty Chemicals Inc., The Chemical Company, ChemCeed LLC, FoodScience LLC, Reagents, Applied Material Solutions, GJ Chemical, Jedwards International, Inc., Welch Holme & Clark Co. Inc., SAE Manufacturing Specialties Corp, Battelle & Renwick Inc., AKSH Industries, Inc., Norman, Fox & Co., Monson Companies, Inc., Mallinath Group, MSD OLEO FZC, Vantage Oleochemicals, SI Group, Inc

Asia-Pacific was the largest region in the fatty acids market in 2023. North America was the second-largest region in the global fatty acids market. The regions covered in the fatty acids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the fatty acids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

The fatty acids market consists of the sales of monounsaturated, polyunsaturated, and trans fats. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Fatty Acids Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on fatty acids market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for fatty acids? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fatty acids market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product Type: Non-Dairy Milk; Butter; Cheese; Yogurts; Ice Cream; Others
• 2) By Source: Almond; Soy; Oats; Hemp; Coconut; Rice; Other Sources
• 3) By Distribution Channel: Supermarkets; Health Food Stores; Pharmacies; Convenience Stores; Online Stores; Other Distribution Channels
• Companies Mentioned: BASF SE; LG Household & Health Care Ltd.; Kraton Corporation; Royal DSM; Cargill, Incorporated
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.