Global Fatty Esters Market
Global Fatty Esters Market size was valued at US$ 2.1 Mn in 2019 and the total revenue is expected to grow at 4.3% through 2020 to 2026, reaching nearly US$ 2.7 Mn.
The global Fatty Esters Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Fatty Esters Report also provides trends by market segments, Product, and investment with a competitive landscape.
Global Fatty Esters Market Overview:
Fatty acid esters (FAEs) are also known as oleochemical substances. These are the types of esters that are obtained from the combination of a fatty acid and alcohol. Fatty acid esters are colorless but sometimes after degradation looks even brown or yellow.
Fatty acid esters are made by the process of trans-esterification of vegetables oils and fats. The by–products monoglycerides, diglycerides, or triglycerides are obtained through chemical reaction of alcohol and fatty acid esters. Fatty acid esters (FAEs) are mostly used in food, pharmaceutical, lubricant, personal care & cosmetics, and surfactants respectively.
Global Fatty Esters Market Dynamics:
The consistent positive growth in consumer taste for organic ingredients and continuous process in different sectors like personal care & cosmetics, pharmaceutical, food and many other sectors forecast to promote the product demand.
On the opposite side, with a switch in style towards the development of biologically prepared materials, it is forecast to witness high maturation of the products. Fatty acid esters (FAEs) & other oleochemicals have earned importance with respect to their operating efficiency, execution, & bio-degradability in the worldwide market. The pop-up economies of South America & Asia are recording a vital output from industries with respect to economies activities, thus showing vital growth of the production sector.
Europe and North America are ruling and to supply high budding markets in South America and Asia Pacific the manufacturing potential is being shifted gradually.
The support of government rules and regulations such as promoting the use of renewable resources and bio-fuels are also considered to be a vital promoter for the growth of the market over the forecast period.
The highly unstable raw material market and the high cost of production is expected to hamper the market growth in the upcoming years.
The rising demand for personal care products due to constant growth in population is also one of the major factors driving the market. The manufacturing process of bio-diesel involves the use of Fatty acid esters (FAEs) which is responsible for the increasing demand of Fatty acid esters (FAEs) and it is also considered as an opportunity for the growth of the market in future.
The direction of market is majorly dependent on the rule applied on the formulation of their respective production technologies and the raw materials used for the same. The expected challenge this industry may face is Fatty acid esters include chemicals that could give rise to harmful health hazards in case of high consumption. Therefore, strict governing policies avoiding the use of harmful chemicals in the industries like food, pharmaceuticals, and personal care & cosmetics respectively and its other applications are forecast to dare the growth of respective industries.
Global Fatty Esters Market Segment Analysis:
On the basis of Product the Global Fatty Esters Market is segmented into six types as follows, Glycerol Monostearate, Medium Chain Triglycerides, Isopropyl Ester, Glycol Esters, Sucrose Esters, and Polyol Esters.
According to an MMR report in the year 2019 Glycerol Monostearate was dominant in the market. In the year 2019, Glycerol Monostearate was dominant in the market holding more than 35% of the total shares. It has primary usage in bakery food items. As it gives smooth texture and pattern to the final product it has high demand in whipped cream and ice-cream industries respectively. It has wide applications in pharmaceutical industries in terms of supplying control release. It is widely used in many industrial applications as a preservative, lubricant, emulsifier, and thickening agent. Due to all mentioned applications it is expected to promote the growth of the segment over the mentioned forecast period.
Global Fatty Esters Market
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On the basis of Application the Global Fatty Esters Market is segmented into six different types as follows, Personal Care & Cosmetics, Food Processing, Surfactants & Detergents, Pharmaceuticals, Lubricants, and Others.
According to the MMR report, it is proved that in the year 2019 Personal Care & Cosmetics was dominant in the market. In the year 2019, Personal care & cosmetics was dominant in the market holding more than 34% of total share. The continuous increasing impact of social media on a day to day basis is expected to be a vital promoter for the growth of the personal care and cosmetics sector and therefore the demand of products is also increasing.
The global fatty esters market is estimated to be in the nurturing phase. The region Asia Pacific is forecasted to see strong demand of Fatty acid esters. The reason behind strong demand is the constantly growing pharmaceutical, food and beverage, lubricants, and personal care & cosmetic industries respectively with the help of advanced technology. These mentioned industries are examined to be leading driving power of demand for Fatty acid esters (FAEs). Countries like India, China, Japan, Malaysia, and Indonesia are large in consumption as well as leaders in production across the globe. Thus, market demand has increased due to the boom in the production of vegetable oil in these regions.
Global Fatty Esters Market Regional Insights:
In 2019, North America had the highest revenue share of 34.50%, and this is expected to continue over the forecast period. The continuous development in the living standards and the growing attention on beauty along with the image with respect to social media influence and changing methods of promotion by the reputed companies are expected to boost demand of product in the application segment.
Due to high usage of glycerol monostearate in the cosmetic & personal care products Asia Pacific is evaluated to be the rapid expanding regional market. The rising output from industries and continuous rising population in the countries like India, China, and Southeast Asia has promoted manufacturing sector and food processing sector in the region. Increasing health concerns are also responsible for the growth in the demand for organic Applications and the cosmetic products manufactured with the help of Fatty acid esters (FAEs).
Global Fatty Esters Market 1
The objective of the report is to present a comprehensive analysis of the global Fatty Esters market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Fatty Esters market dynamics, structure by analyzing the market segments and project the global Fatty Esters market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Fatty Esters market make the report investor’s guide.
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Global Fatty Esters Market 2
Global Fatty Esters Market, by Region
- North America
- Asia Pacific
- Middle East and Africa
- South America
Global Fatty Esters Market Key Players
- Cargill, Inc.
- 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
- Wilmar International Ltd.
- ADM Company
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