Market Size of Natural Fatty Acids Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Natural Fatty Acids Market Analysis
During the time frame of the forecast, the market for natural fatty acids is expected to register a CAGR of more than 5%.
COVID-19 impacted the overall natural fatty acid market due to the halt in production. However, the upsurge in cosmetics and personal care products has propelled the demand for fatty acids post-pandemic.
- The major factors driving the growth of the market studied are the increasing demand for glycerin to manufacture propylene glycol and epichlorohydrin, government regulations promoting the use of eco-friendly products, the broader use of C18 in oilfield and drilling applications, and the increasing demand from the cosmetics and personal care market.
- On the flip side, the fluctuating supply and prices of feedstock materials serve as the major stumbling blocks in the growth of the market studied.
- During the forecast period, the market that was looked at is likely to have opportunities due to the demand for bio-based raw materials.
- Asia-Pacific dominated the market across the world, where the demand is primarily driven by the growing demand for and production of cosmetics, personal care products, detergents, and soaps.
