What is Fatty Acid Market?
Fatty acids are the building blocks of the fat in human bodies and in food. During digestion, the body breaks down fats into fatty acids, which can then be absorbed into the blood. Fatty acid molecules are usually joined together in groups of three, forming a molecule called triglyceride. Triglycerides are also made in bodies from carbohydrates. The rise in innovative production technologies and the requirement for essential fatty acids in foods and beverages is escalating the growth of the fatty acids market.
Highlights from Fatty Acid Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), Akzo Nobel N.N (Netherland), Ashland Inc. (US), WujiangJinyu Lanolin Co. (China), Vantage Oleochemicals (US), Aker BioMarine AS (Norway), Ferro Corporation (US), Oleon N.V. (Belgium), Arizona Chemicals (US), Eastman Chemicals Company (US), Colgate-Palmolive Ltd. (India), Godrej Industries (India) and LingyanZhuoyue New Energy Co. Ltd. (China) |
Fatty Acid Market is a fragmented market due to the presence of various players. The players are focusing on developing and rising awareness and the demand of consumers regarding healthy eating and health benefits. The companies are also planning strategic activities such as product launches, collaborations, mergers, and acquisitions to sustain in the market and maintain their competitive edge.
BASF SE (Germany), Akzo Nobel N.N (Netherland), Ashland Inc. (US), WujiangJinyu Lanolin Co. (China), Vantage Oleochemicals (US), Aker BioMarine AS (Norway), Ferro Corporation (US), Oleon N.V. (Belgium), Arizona Chemicals (US), Eastman Chemicals Company (US), Colgate-Palmolive Ltd. (India), Godrej Industries (India) and LingyanZhuoyue New Energy Co. Ltd. (China) are some of the key players profiled in the study. Fatty Acid Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Food & Beverages, Animal Feed, Pharmaceuticals & Nutraceuticals, Personal Care and Others |
Type | Saturated, Monounsaturated and Polyunsaturated |
Source | Animal Source,Plant Source |
On the basis of geography, the market of Fatty Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Rise in awareness and the demand of consumers regarding healthy eating and health benefits, Increase in the number of chronic diseases and Growing Usage of Hygiene and Detergent Products
Challenges:
Volatile Raw Material Prices and Genetic Effect Caused by Deficiency of Fatty Acid
Restraints:
Availability of Raw Material and Shift in Consumption Trends
Opportunities:
Rise in Industries like Plastics and Rubber Particularly in Advancing Nations
Market Leaders & Development Strategies
On April 2021, Ashland completed the acquisition of the personal care business of Schülke & Mayr GmbH, a portfolio company of EQT. Under the terms of the agreement, Ashland agreed to a purchase price of €262.5 million in an all-cash transaction funded with bank financing and available cash, subject to customary purchase price adjustments. Ashland expects the acquisition to become immediately accretive to Ashland's earnings per share.