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Fatty Esters - Global Strategic Business Report

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    Report

  • 635 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338494

Global Fatty Esters Market to Reach $3 Billion by 2030

The global market for Fatty Esters estimated at US$2.1 Billion in the year 2022, is projected to reach a revised size of US$3 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2022-2030. GMS, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$1 Billion by the end of the analysis period. Growth in the Mct Oil segment is estimated at 5.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $745.3 Million, While China is Forecast to Grow at 8.2% CAGR

The Fatty Esters market in the U.S. is estimated at US$745.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$549.8 Million by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Select Competitors (Total 151 Featured)

  • BASF SE
  • Akzo Nobel NV
  • Arkema Group
  • Archer Daniels Midland Company
  • Ashland Global Holdings, Inc.
  • AAK AB
  • Calumet Specialty Products Partners LP
  • A.B. Enterprises
  • Alfa Chemicals Ltd.
  • Alzo International, Inc.
  • Berg + Schmidt GmbH & Co. KG
  • American eChem, Inc.
  • Avril SCA
  • Acme Synthetic Chemicals
  • A&A Fratelli Parodi Spa

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Fatty Esters Market

What is the estimated value of the Fatty Esters Market?

The Fatty Esters Market was estimated to be valued at $2.1 Billion in 2022.

What is the growth rate of the Fatty Esters Market?

The growth rate of the Fatty Esters Market is 4.6%, with an estimated value of $3 Billion by 2030.

What is the forecasted size of the Fatty Esters Market?

The Fatty Esters Market is estimated to be worth $3 Billion by 2030.

Who are the key companies in the Fatty Esters Market?

Key companies in the Fatty Esters Market include BASF SE, Akzo Nobel NV, Arkema Group, Archer Daniels Midland Company, Ashland Global Holdings, Inc., AAK AB, Calumet Specialty Products Partners LP, A.B. Enterprises, Alfa Chemicals Ltd. and Alzo International, Inc..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Fatty Esters: A Prelude
  • Regional Market Analysis
  • Key Fatty Ester Segments
  • Glyceryl Monostearate
  • Medium Chain Triglyceride (MCT) Oil
  • Other Fatty Esters
  • Glycol Esters (Polyethylene Glycol Esters)
  • Polyol Esters
  • Sorbitan Esters
  • Sucrose Esters
  • Glycerol Monostearate Dominates the Market
  • Food Sector and Personal Care & Cosmetics Remain Important Markets
  • Fatty Esters - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic Impact on Major End Use Markets
  • Food Industry
  • Beauty Industry and Personal Care Industry Comes Under Tremendous Stress Due to Pandemic
  • Pandemic Affects Growth in Solvents Market
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Favorable Trends in Food Consumption Drive Demand for Fatty Esters
  • Food and Beverage Additives Market (2021): Percentage Share Breakdown of Value Sales by Type of Additive
  • Global Emulsifiers Market (2021): Percentage Share Breakdown of Volume Sales by Type
  • Global Emulsifiers Market (2019): Percentage Share Breakdown of Volume Sales by Application
  • Rise in Consumption of Processed Food Drives Opportunities
  • Global Processed Foods Market Revenues (in $ Billion) for the Years 2019, 2022 and 2025
  • Fatty Esters Find Multifunctional Role in Bakery Products Industry
  • Lower Per Capita Consumption Offers Huge Market Potential in Developing Countries. Global Per Capita Consumption (Volume) of Bakery Products by Country: 2021
  • Rise in Veganism Boosts Demand for Vegan Friendly Fatty esters
  • Global Vegans and Vegetarian Population Share of Total Population: 2014, 2020, and 2030
  • Alarming Rise in Overweight and Obese Population: A Strong Business Case for Fatty Esters as Fat Replacers
  • Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
  • Increasing Preference for Natural Ingredients in Personal Care Products Drives Demand
  • Primary Functions of Esters in Personal Care Products
  • Growth in Personal Care Products & Cosmetics Augurs Well for Market Growth
  • Global Cosmetic Chemicals Market (2021): Percentage Breakdown of Value Sales by Application - Color Cosmetics, Hair Care & Skin Care, Perfumes &Fragrances and Others
  • Global Cosmetic Chemicals Ingredients Market (2021): Percentage Share Breakdown of Volume Sales by Product Segment
  • Drug Delivery Application of MCT Oil in the Pharmaceutical Industry Augur Well for the Market
  • Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025
  • Fatty Esters Play an Important Role in Improving the Economics of Animal Farming
  • Global Animal Feed Additives Market Estimates and Forecasts in US$ Billion: 2019, 2021, 2023, and 2025
  • Pandemic-Induced Supply Chain Disruptions Impact Animal Feed Additives Industry
  • Nutritional Supplements: A Strong Growth Driver
  • MCT Oil Gains increasing Attention as Supplements with Positive Health Claims
  • COVID-19 Pandemic Leads to Increased Consumer Focus on Supplements, and Health and Wellness Products
  • High Performing Lubricating Properties of Fatty Esters Drive Application as Metalworking Fluids
  • COVID-19 & Other Factors Cripple Raw Material Supply to Lubricant Industry
  • Suitable Lubrication Properties of Fatty Esters Drives Interest in Its Synthesis in Production of Potential Biolubricants
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Fatty Esters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Fatty Esters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 3: World 15-Year Perspective for Fatty Esters by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2015, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for GMS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for GMS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 6: World 15-Year Perspective for GMS by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for MCT Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for MCT Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 9: World 15-Year Perspective for MCT Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for IPP & IPM by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for IPP & IPM by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 12: World 15-Year Perspective for IPP & IPM by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 15: World 15-Year Perspective for Other Product Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Food Processing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Food Processing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 18: World 15-Year Perspective for Food Processing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Personal Care & Cosmetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Personal Care & Cosmetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 21: World 15-Year Perspective for Personal Care & Cosmetics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Functional Fluids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Functional Fluids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 24: World 15-Year Perspective for Functional Fluids by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 27: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 28: World Fatty Esters Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Fatty Esters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • BASF SE
  • Akzo Nobel NV
  • Arkema Group
  • Archer Daniels Midland Company
  • Ashland Global Holdings, Inc.
  • AAK AB
  • Calumet Specialty Products Partners LP
  • A.B. Enterprises
  • Alfa Chemicals Ltd.
  • Alzo International, Inc.
  • Berg + Schmidt GmbH & Co. KG
  • American eChem, Inc.
  • Avril SCA
  • Acme Synthetic Chemicals
  • A&A Fratelli Parodi Spa