Fatty Acid Esters Market was valued at USD 1,830.2 million in 2014 and is expected to reach USD 2.44 billion by 2022, with a CAGR of 4.6%. Fatty Acid Ester market is expected to witness robust growth over the forecast period owing to the increasing demand in the food industry, cosmetics, and personal care. In the food industry, Medium chain triglycerides (MCT) are used in weight loss programs as they have fat-burning properties and low calorific content.
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Market Synopsis of Fatty Acid Esters Market:
In addition, FEAs such as polyols esters and emollient are gaining importance as they have a positive impact on the growth of bio-based and natural ingredients in personal care and cosmetic industry. The natural ingredients used in lotions and creams for infant care, hair, and skin, helps in substituting synthetic and toxic chemicals which are harmful for the personal use. Also, the fatty acid ester from natural ingredients are inexpensive as compared petroleum-based and synthetic chemicals. The manufacturers and consumers are progressively adopting these products so as to prevent from high production cost and various climatic changes.
The rising obesity and growing concern related to beauty and fitness are the factors projected to stimulate the market growth. Moreover, the regulatory policies and escalating consumer awareness level regarding bio-based products and polymers are the key factors presumed to drive the development of this industry. Technological advancement is one of the vital factors expected to increase the efficiency and production of FEAs owing to genetic engineering. Furthermore, the evolving fatty profiles of vegetable oils such as sunflower oil, palm oil and canola and the introduction of high-yielding crops are estimated to escalate the production of FEAs.
The increasing entrenched oil consumption due to the proliferation of processed fried foods is anticipated to drive the demand in food industries. In addition, rising living standards and declining edible oil prices are other drivers projected to fuel the growth of global fatty acid ester market. The market on the basis of the product is segmented into isopropyl esters (isopropyl myristate and isopropyl palmitate), glycerol monostearate (GMS), medium chain triglycerides (MCT), and other esters such as sucrose, polyol, and emollient. GMS is expected to hold the largest market share owing to the high usage in food industry mainly for frozen foods and ice creams as thickening agent and emulsifiers.
MCT is estimated to be the fastest growing segment owing to the low-calorie content. Furthermore, the reduced chain length of the product promotes quicker metabolism and contributes to accelerating the demand for weight loss programs across the globe. Isopropyl palmitate is expected to grow at a significant pace owing to the rising demand in the cosmetic industry.
The use of fatty acid ester in various applications is presumed to boost the market growth. The applications include surfactants & detergents, personal care & cosmetics, food processing, lubricants and pharmaceuticals and construction industries. Personal care & cosmetics is projected to hold the largest market share owing to the increased functionality and eco-profile product. Therefore, resulting in high demand in niche applications such as water solubility, thickening, and anti-irritant agent. Food industry is estimated to have tremendous growth in coming six years owing to the increasing consumption of these esters in various processed foods.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Fatty Acid Esters: Market Variables, Trends & Scope
Chapter 4 Fatty Acid Esters: Product Estimates & Trend Analysis
Chapter 5 Fatty Acid Esters: Application Estimates & Trend Analysis
Chapter 6 Fatty Acid Esters: End-use Estimates & Trend Analysis
Chapter 7 Fatty Acid Esters: Industrial End-use Estimates & Trend Analysis
Chapter 8 Fatty Acid Esters: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Fatty Acid Esters: Manufacturers Company Profiles
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The global Biopreservation Market size is likely to reach USD 8.93 billion by 2022 which is projected to grow at a CAGR of 17.3% during the forecast period.
Rapid growth can be attributed to the rise in healthcare expenditure which is expected to boost the market in the forecast period.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/biopreservation-market/request-sample Market Synopsis of Biopreservation Market: Moreover, increasing R activities by various companies as well as research organizations funded by government initiatives in the form of grant, contacts and various other funding mechanisms have led to development of novel and innovative bio-preservation services, leading to augment the revenue growth.
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