The global fatty acid ester market size is anticipated to reach USD 3.2 million by 2027 registering a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Fatty acid ester is basically oleochemical, processed from organic plant and animal sources. Increasing consumer preference for natural ingredients and process sustainability in personal care, food, and other sectors is anticipated to boost product demand.
The market dynamics are heavily dependent on global oil and fat consumption and regulations formulated on their manufacturing technologies and raw materials used. Fatty acids contain chemicals that could cause detrimental health effects in case of high intake. Hence, to a certain extent, regulatory policies preventing hazardous chemicals being used in the food and direct contact applications are expected to challenge the industry growth.
On the contrary, with a shifting trend towards developing bio-based materials, the product also expected to witness high growth, in terms of development. Fatty acid ester and other oleochemicals have gained significance in the global market owing to their functional efficiency, performance, biodegradability & sustainability. Emerging economies of Asia and South America are registering a significant industrial output owing to augmented economic activities, thus resulting in the growth of the manufacturing sector.
Major corporations that are dominant in North America and Europe are gradually shifting their production capabilities to cater to high potential markets in Asia Pacific and South America. In addition, favorable government regulations and support, such as tax incentives, encouraging the usage of renewable resources & biofuels are also predicted to be a key driver for the market growth over the forecast period.
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Fatty Acid Ester Market Report Highlights
- In 2019, personal care & cosmetics emerged as the largest application segment, as the product is widely used in various skin creams and lotions
- In 2019, North America was the largest regional market owing to increased cases of obesity in U.S. and consumer awareness regarding the health benefits of the product, especially in weight loss programs
- Changing lifestyles and perceptions regarding beauty & appearance owing to influence of social media and promotional campaigns by major market participants are also expected to boost product demand
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Key Topic Covered
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Gvr’s Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.3.6 Primary Sources
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Research Scope And Assumptions
Chapter 2 Executive Summary
2.2 Market Snapshot
2.3 Segmental Outlook
2.4 Competitive Insights
Chapter 3 Fatty Acid Ester Market: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.2 Manufacturing Trends
3.4 Price Trend Analysis
3.5 Key Opportunities Prioritized
3.6 List Of Key End-Users
3.7 Regulatory Framework
3.8 Market Dynamics
3.8.1 Market Driver Analysis
3.8.1.1 Increasing Vegetable Fats And Oils Consumption
3.8.1.2 Changing Consumer Behavior Regarding Health & Lifestyle
3.8.2 Market Restraint Analysis
3.8.2.1 Growing Demand For Synthetic Lubricants
3.8.3 Industry Challenges
3.9 Business Environment Analysis
3.9.1 Industry Analysis – Porter’s
3.9.1.1 Threat Of New Entrants
3.9.1.2 Bargaining Power Of Buyers
3.9.1.3 Competitive Rivalry
3.9.1.4 Bargaining Power Of Suppliers
3.9.1.5 Threat Of Substitutes
3.9.2 Pestel Analysis
3.9.2.1 Political
3.9.2.2 Economical
3.9.2.3 Social
3.9.2.4 Technological
3.9.2.5 Environmental
3.9.2.6 Legal
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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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