According to a new market report published by Lucintel, the future of the fatty acid market looks promising with opportunities in pharmaceutical, dietary supplement, food and beverages, cosmetics, animal feed, healthcare, agrochemicals, lubricants, and infant formula. The global fatty acid market is expected to grow with a CAGR of 5% from 2020 to 2025. The major drivers for this market are increasing demand for fatty acids with innovative production technologies for heath prospects.
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In this market, monosaturated, polysaturated, saturated, and trans fat are the major product types. Lucintel forecasts that saturated will remain the largest segment over the forecast period because it is mainly known for high stability, mild odor and white color properties, is a significant growth attribute for the market.
Within this market, pharmaceutical, dietary supplement, food and beverages, cosmetics, animal feed, healthcare, agrochemicals, lubricants, and infant formula are the major applications of fatty acids. Food and beverages will remain the largest segment by application type over the forecast period due to increased consumer demand for omega 3 fatty acid market demand comprising of EPA and DHA ingredients preferred for dietary supplements and functional food applications.
Asia-Pacific is expected to witness the highest growth over the forecast period due to growing consumer awareness on the benefits of fatty acids, extract of various quantities of vegetable-based raw materials such as coconut oil and palm kernel oil present in large quantities, which increase the demand for personal care and homecare products in this region.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global fatty acid market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Fatty Acids Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global fatty acid market by product type, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Monosaturated
Polysaturated
Saturated
Trans fat
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Pharmaceutical
Dietary supplement
Food & beverages
Cosmetics
Animal feed
Healthcare
Agrochemicals
Lubricants
Infant formula
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
Germany
United Kingdom
France
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.