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Fatty Acid Ester Market Is Projected To Expand At a CAGR of 4.3% By 2022 | Key Companies Operating In The market include Cargill, DuPont, Estelle Chemicals, P&G Chemicals

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Fatty Acid Ester Market Is Projected To Expand At a CAGR of 4.3% By 2022 | Key Companies Operating In The market include Cargill, DuPont, Estelle Chemicals, P&G Chemicals

January 21
12:10 2020
Fatty Acid Ester Market Is Projected To Expand At a CAGR of 4.3% By 2022 | Key Companies Operating In The market include Cargill, DuPont, Estelle Chemicals, P&G Chemicals

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The fatty acid ester market is characterized by increasing demand for natural ingredients with low calorific content to promote weight loss and to adhere to the changing perceptions of beauty and appearance.

According to a report, “ Fatty Acid Ester Market Size, Share & Trends Analysis By Product (Medium Chain Triglycerides, Glyceryl Monostearate, Isopropyl Esters), By Application, By Region, And Segment Forecasts, 2015 – 2022 ”, published by Grand View Research, Inc.,The global Fatty Acid Ester Market is expected to reach USD 2.44 billion by 2022, according to a new report by Grand View Research, Inc. Growing consumer awareness and regulatory policies regarding bio-based polymers and products are vital factors for industry development over the forecast period. 

Global industry is expected to be driven by increasing fatty acid esters demand in personal care, cosmetics and food processing applications. Medium chain trigylcerides (MCT) have found headways in food applications where they are used in several weight loss programs owing to low calorific content and fat-burning properties.

Key companies operating in the global Fatty Acid Ester Market include Cargill, DuPont, Estelle Chemicals, P&G Chemicals, Stéarinerie Dubois, The Seydel Companies Inc., Evonik Industries and others such as Faci Asia Pacific Pte. Ltd., Fine Organics and KLK Oleo.

Other FAEs such as emollient and polyols esters are gaining prominence in personal care applications that could impact product growth in cosmetics where natural, bio-based ingredients are substituting synthetic & toxic chemicals. 

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U.S. fatty acid esters market

Further key findings from the report suggest:

  • Global Fatty Acid Ester Market size was 1,141.5 kilo tons in 2014 and is expected to reach 1,563.4 kilo tons by 2022, growing at a CAGR of 4.6% from 2015 to 2022.

  • Glycerol monostearate (GMS) was the largest product segment and accounted for 39.3% of total market volume in 2014. High demand for GMS as an emulsifying agent, protective coating agent and food additive in diverse processing and industrial applications has been a major factor for its growth.

  • Medium chain triglycerides (MCT) were the fastest growing product with high demand arising from expanding end-use industries in emerging economies such as China & India. The segment is likely to grow at an estimated CAGR of 5.3% in terms of demand.

  • Personal care & cosmetics was the leading application segment and accounted for 34.5% of total market volume in 2014. Rising consumer disposable income and growing consumer demand for natural ingredients are expected to remain key factors driving this segment over the forecast period.

  • North America was the leading regional market with demand share exceeding 35% in 2014. High consumer disposable income and increasing adoption of MCT in weight loss programs particularly in the U.S. has impacted the regional market.

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Application Insights

Major fatty acid esters applications include personal care and cosmetics, lubricants, food processing, surfactants and detergents, pharmaceuticals, and others such as drug delivery, coatings, and adhesives and construction. Personal care and cosmetics segment was the largest application segment and accounted for over 34% of the overall market share in terms of volume in 2014. Positive eco-profile and increased functionality of the product has led to high demand in niche applications such as thickening, anti-irritant, water solubility, and pigment wetting agent.

Global fatty acid ester market

Food processing segment shall provide immense growth opportunities in the future, owing to fatty acid esters consumption as emulsifiers and stabilizers in various processed foods. One of the main factors that can be attributed to the segment can be tremendous growth of processed foods industry in Asian markets.

Grand View Research has segmented the global Fatty Acid Ester Market on the basis of product, application and region:

Global Fatty Acid Esters Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • Medium Chain Triglycerides

  • Glycerol Monostearate

  • Isopropyl Esters (Palmitate & Myristate)

  • Others

Global Fatty Acid Esters Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • Personal Care & Cosmetics

  • Lubricants

  • Food Processing

  • Surfactants & Detergents

  • Pharmaceuticals

  • Others

Global Fatty Acid Esters Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • North America

    • U.S.

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  •  Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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