The global Fatty Acid Ester market size is expected to be worth around US$ 3.1 million by 2027, according to a new report by Vision Research Reports.
The global Fatty Acid Ester market size was valued at US$ 2.1 million in 2019 and is anticipated to grow at a CAGR of 4.4 during forecast period 2020 to 2027.
The growth in the market can be attributed to increased demand for fatty acid esters (FAEs) from various end-use industries, such as personal care, food processing, and pharmaceuticals.
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atty 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.
Glyceryl monostearate led the market and accounted for more than 36% of the overall share in 2019. It is primarily used in baked goods. It has high demand in and whipped cream processing as it provides a smooth texture to the final products.
Isopropyl esters are mainly derived from , and products, such as palmitate and myristate, are widely used in personal care products due to moisturizing properties.
Personal care & cosmetics led the market and accounted for a share of more than 36% in 2019. Rising influence of social media is expected to be a major factor driving the growth of the personal care & cosmetics segment, thereby driving the product demand.
Surfactants & detergents is another significant application segment for the product. Rising demand for sustainable processes owing to increasing environmental concerns is expected to boost the product usage in this application to promote effective washing at lower temperature cycles, thereby promoting environmental benefits.
The product plays an essential role in surfactants and detergents by breaking down the interface between oils/dirt and water, allowing effective cleansing with fewer resources.
North America led the market and accounted for over 35.0% share of global revenue in 2019 and is expected to continue its dominance over the forecast period. High standards of living and increasing focus on beauty and appearance owing to social media influence, changing consumer perceptions, and transitioning promotional methods by major personal care companies are expected to drive product demand in this application segment.
Rising sustainability & health concerns are also boosting the demand for natural ingredients and cosmetic products manufactured using fatty acid esters. APAC is estimated to be the fastest-growing regional market due to the high consumption of glyceryl monostearate in personal care & cosmetics products.
Key PlayersCargill, Inc. Arkema DuPont Evonik Industries Estelle Chemicals Pvt. Ltd. Faci Asia Pacific Pte. Ltd. P&G Chemicals The Seydel Companies, Inc. Fine Organics Oleon N.V. KLK Oleo World Chem Industries Stepan Company Stéarinerie Dubois Metroshen International Corp. Zhengzhou Yi Bang Industry Co. Ltd. A.B. Enterprises
Market SegmentationProduct Outlook Medium Chain Triglycerides (MCT) Glyceryl Monostearate Isopropyl Esters Polyol Esters Sucrose Esters Glycol Esters Others Application Outlook Personal Care & Cosmetics Lubricants Food Processing Surfactants & Detergents Pharmaceuticals Others Regional Outlook North America U.S Canada Mexico Europe U.K. Germany France Italy Asia Pacific China India Japan Central & South America Brazil Argentina Middle East & Africa Saudi Arabia South Africa
In this study, the years considered to estimate the market size of Fatty Acid Ester are as follows:Historic Year: 2016-2019 Base Year: 2020 Forecast Year 2020 to 2027
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