Fatty Acids Global Market Report 2022

Fatty Acids Global Market Report 2022

  • May 2022 •
  • 175 pages •
  • Report ID: 6281534 •
  • Format: PDF
Major players in the fatty acids market are BASF SE, FMC Corporation, The Dow Chemical Company, Koninklijke Dsm Nv, Enzymotec Ltd, Croda International Plc, Omega Protein Corporation, Aker Biomarine As, Polaris Nutritional Lipids, and Cargill, Incorporated.

The global fatty acids market is expected to grow from $73.95 billion in 2021 to $80.36 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The market is expected to grow to $107.96 billion in 2026 at a CAGR of 7.7%.

The fatty acids market consists of sales of fatty acids and related services.Fatty acids act as energy for muscles, heart, and other organs as building blocks for fats in the human body and also as an agent that manages inflammation in the body.

Fatty acids comprise a straight chain of an even number of carbon atoms with hydrogen atoms along the length of the chain and at one end of the chain and a carboxyl group (?COOH) at the other end.

The main product types of fatty acids are unsaturated fatty acids and saturated fatty acids.Saturated fatty acids (SFA) are fatty acids that contain no double bonds and have the formula R-COOH.

The R- group is a straight-chain hydrocarbon of the form CH3(CH2)n with varying lengths ranging from short-chain length (volatile liquids) to chain lengths of 30 or more carbon atoms (waxy solids).The forms are oil, capsule, syrup, powder.

The sources are vegetable oils, marines, nuts and seeds, soy and soy products. The various end-use industries are household, cosmetics, and personal care, soap and detergent, oilfield, rubber and plastic, lubricants, and other end-user industries.

Asia Pacific was the largest region in the fatty acids market in 2021.North America was the second-largest region in thefatty acids market.

The regions covered in the fatty acids are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The fatty acids market is being driven by the rising demand for cosmetics and personal care products.Fatty acids are the emollients and emulsifiers in the cosmetics industry, used to replenish and soothe the skin.

It is used as an ingredient in a variety of skincare products such as creams, lotions, shampoos, and lipsticks.Esters of fatty acids such as triglycerides, phospholipids, and cholesterol esters are commonly used in cosmetics as skin hydrants and thickeners.

According to Statista, in 2019 the Beauty and Personal Care market realized a revenue of $505 billion worldwide. The rising demand for cosmetics and personal care products increased the demand for fatty acids, thus driving the market during the period.

Biological effects due to fatty acids deficiency are a major restraint in the fatty acids market.Biological effects such as blood pressure, stroke, coronary artery disease, inflammation, and various other diseases may occur due to insufficient intake of fatty acids such as alpha-linolenic acid (ALA) and gamma-linolenic acid (GLA).

These two fatty acids are necessary and must be included in the diet.Fatty acid deficiency is most commonly observed in infants.

The deficiency results in scaly dermatitis, alopecia, thrombocytopenia, and intellectual disability in children. In the US, according to the National Institutes of Health, deficiency of essential fatty acids such as omega-3s and omega-6s can lead to rough, scaly skin and dermatitis.

Omega fatty acid supplements are increasingly being used due to rising consciousness regarding health.Omega fatty acids are present extensively in fish oils and are vital ingredients to the human body.

Omega-3 supplements can help relieve rheumatoid arthritis symptoms and can also be used as dietary supplements or medicinal supplements.The use of Omega-3 fatty acids and Omega-6 fatty acids help to combat diseases and improve cardiovascular health, promote healthy metabolism, reduce pain and inflammation in joints, increase optimal brain function, etc.

According to the ‘World Health Organization (WHO), 17.9 million people in the world die every year due to cardiovascular diseases. Therefore, rising consciousness regarding health, especially for heart diseases is expected to drive the market for fatty acids.

In July 2020, Croda, a UK-based specialty chemicals company acquired Avanti Polar Lipids for an undisclosed amount.This acquisition of Avanti combined with Croda for expanding life sciences products, pharmaceutical services, and cGMP production capabilities for biotechnology, pharmaceutical, and life science research customers globally.

Avanti Polar Lipids is a US-based biotechnology company.

The countries covered in the fatty acids market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.