Increasing consumption of fatty acids for application in oilfield, food and beverage, animal feed, dietary supplements, lubricants, and cosmetics is a key factor driving market revenue growth.
Market Size - USD 34.68 Billion in 2020, Market Growth - CAGR of 4.8%, Market Trends - Rising demand for natural and chemical free products including cosmetics, dietary supplements and animal feed.
The global fatty acids market size is expected to reach USD 50.64 Billion in 2028, and register a CAGR of 4.8% during the forecast period. Rising number of health conscious people, increasing consumption of dietary supplements and functional foods, and increasing awareness regarding benefits of fatty acids are some of the major factors expected to drive revenue growth of the global fatty acids market.
Rapidly growing personal care products and rubber & plastics industries, increasing use of cosmetics and toiletries, and other industries is another major factor boosting market revenue growth.
However, possible side effects of over consumption of fatty acids and fluctuating raw material costs are major factors that could hamper revenue growth of the global fatty acids market to some extent.
Market Size - USD 34.68 Billion in 2020, Market Growth - CAGR of 4.8%, Market Trends - Rising demand for natural and chemical free products including cosmetics, dietary supplements and animal feed.
The global fatty acids market size is expected to reach USD 50.64 Billion in 2028, and register a CAGR of 4.8% during the forecast period. Rising number of health conscious people, increasing consumption of dietary supplements and functional foods, and increasing awareness regarding benefits of fatty acids are some of the major factors expected to drive revenue growth of the global fatty acids market.
Rapidly growing personal care products and rubber & plastics industries, increasing use of cosmetics and toiletries, and other industries is another major factor boosting market revenue growth.
However, possible side effects of over consumption of fatty acids and fluctuating raw material costs are major factors that could hamper revenue growth of the global fatty acids market to some extent.
Some Key Findings From the Report:
- Among the source segments, the vegetable oils segment accounted for the largest revenue share of 34.5% in the global fatty acids market in 2020.
- The Asia Pacific fatty acids market size was USD 13.52 Billion in 2020, due to changing lifestyle patterns, demand for healthy living and increasing awareness regarding personal health.
- Key players profiled in the report include FMC Corporation, Koninklijke DSM NV, Croda International PLC, BASF SE, The Dow Chemical Company, Omega Protein Company, Cargill, Incorporated, Aker Biomarine AS, Polaris Nutritional Lipids, and Enzymotec Ltd. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
- In April 2020, Koninklijke DSM NV launched vegetarian sources of DHA Omega-3 and ARA omega-6 fatty acid based powders.
- In 2019, Polaris Nutritional Lipids launched concentrated DHA, low saturated fatty acid oil to EU market. The product was named as megavie DHA 700 algae Sensory QualitySilver
For the purpose of this report, the global fatty acids market is segmented on the basis of product, form, source, application, and region:
Product Outlook
- OMEGA-3
- OMEGA-6
- OMEGA-7
- OMEGA-9
Form Outlook
- Oil
- Syrup
- Powder
- Others
Source Outlook
- Marine
- Vegetable Oils
- Nuts and Seeds
- Soy and Soy Products
Application Outlook
- Oilfield
- Food and Beverage
- Animal Feed
- Dietary Supplements
- Lubricants
- Cosmetics
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Fatty Acid Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Fatty Acid Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Fatty Acid Market Segmentation & Impact Analysis
Chapter 5. Fatty Acid Market, By Product Insights & Trends
Chapter 6. Fatty Acid Market, By Form Insights & Trends
Chapter 7. Fatty Acid Market, By Source Insights & Trends
Chapter 8. Fatty Acid Market, By Application Insights & Trends
Chapter 9. Fatty Acid Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
Companies Mentioned
- FMC Corporation
- Koninklijke DSM NV
- Croda International PLC
- BASF SE
- The Dow Chemical Company
- Omega Protein Company
- Cargill Incorporated
- Aker Biomarine AS
- Polaris Nutritional Lipids
- Enzymotec Ltd.