Global Fatty Acid Market: Demand Analysis and Growth Forecast
The increasing consumption of fatty acids to prevent coronary heart disease, hypertension, type 2 diabetes, and, and some chronic diseases such as chronic obstructive pulmonary disease is driving the growth of the global Fatty Acids Market. According to recent business publication by IndustryARC, the global fatty acid market size is estimated between $20 billion to $24 billion as of 2018. Additionally, the usage of fatty acids in the manufacturing of soaps and detergents, cosmetics, and personal care products are boosting demand for the fatty acids. The market demand is projected to grow at a notable CAGR of around 7.1% to 7.7% during the forecast period of 2019-2025.
Generally, fatty acids are the components of carboxylic acid that contains a long aliphatic chain. These are generally found in the main three modules of esters such as triglycerides, phospholipids, and cholesterol esters. According to World Health Organization estimation, worldwide, more than 400 million people was diseased by type 2 diabetes in 2018. Diabetes can be reduced by the consumption of fish and sea food. Fish contains high levels of omega 3 fatty acids which are responsible for the prevention of diabetes and the growth of the global fatty acids market during the forecast period of 2019-2025.
Browse 62 Market Tables, 177 Figures spread through 135 slides and an in-depth TOC “Fatty Acids Market (2019 - 2025)”
Global Fatty Acid Market: Leading Segments
According to the analyst of the report, Omega 3 product is largely used in providing essential nutrients to support good health. Omega 3 fatty acids are used to lower blood pressure, reduce the chance of heart attack, heart stroke, and the development of plaque in the arteries. The American Heart Association recommends consumption of 3 grams of omega3 fish oil daily which is safe and keeps away from diseases. Because of its various applications, omega 3 product demand is estimated to grow with a hefty CAGR around 55% to 60% during the forecast period of 2019-2025.
North America dominated the demand for fatty acids in 2018 with 55% to 58% share during the forecast period of 2019-2025. The increasing number of health conscious consumers in this region is the major factor attributed for the growth of the market. Dietary fats improves the absorption of fat-soluble vitamins by providing essential fatty acids and energy for the people on diet. Additionally, proper consumption of dietary and nutritional fat products are used to control the liver infections and heart diseases which in turn is propelling the demand for the global fatty acids market during the forecast period of 2019-2025.
Global Fatty Acid Market: Trends
- Using Catalytic Reactive Distillation –
The manufacturing of fatty acid esters by catalytic reactive distillation offers new opportunities in the fields of biodiesel and specialty chemicals. Biodiesel synthesized using fatty acid esters has a higher cetane number with 11% of oxygen and does not contains aromatics. Due to these properties the emissions of carbon monoxide, hydrocarbons, and particulate matter is decreasing in the exhaust gas.
- Novelty for Gauging Fatty Acids –
Adam Metherel, an employee in Certo Labs Inc., has developed an instrument for measuring fatty acids and cholesterol content in food and tissue samples. This new tool allows food manufacturers to gather the information necessary for food labels in lesser amount of time. In order to use this tool, companies should know the amount of omega 3 or trans fats present in their products.
Global Fatty Acid Market: Companies
As per the analyst, BASF SE, The Dow Chemical Company, Enzymotec Ltd., Croda International Plc, FMC Corporation, Cargill Incorporated, Omega Protein Corporation, Aker BioMarine AS, Koninklijke DSM NV, and Polaris Nutritional Lipids are the major players operating in the global fatty acid market during the forecast period 2019-2025.
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