Fatty Acids Global Market Report 2024

The fatty acids market size has grown strongly in recent years. It will grow from $89.68 billion in 2023 to $98.2 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The expansion observed in the historical period can be ascribed to robust economic growth in emerging markets, heightened demand for cosmetics and personal care items, a surge in applications utilizing caprylic fatty acid, an uptick in health-related applications, and the rise of the plastics and rubber industries.

The fatty acids market size is expected to see strong growth in the next few years. It will grow to $137.88 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The anticipated growth in the forecast period can be attributed to increased demand from the growing population and a heightened focus on health consciousness. Key trends expected in the forecast period include a rise in the utilization of recycled raw materials in fatty acids, an increase in mergers and acquisitions, strategic partnerships, and the introduction of new products.

The fatty acids market is experiencing growth due to the rising demand for cosmetics and personal care products. Fatty acids play a crucial role in the cosmetics industry as emollients and emulsifiers, contributing to skin replenishment and soothing. They are utilized as ingredients in various skincare products such as creams, lotions, shampoos, and lipsticks. Esters of fatty acids, including triglycerides, phospholipids, and cholesterol esters, are commonly incorporated into cosmetics for their skin-hydrating and thickening properties. Coty, a French beauty company, reports consistent growth of the beauty market at 3% to 5% annually, with a projected net revenue increase of 6% to 8% each year through 2025. The heightened demand for cosmetics and personal care products has consequently led to an increased demand for fatty acids, contributing to market growth during the specified period.

The anticipated growth of the fatty acid market is further propelled by the increasing prevalence of cardiovascular diseases. Cardiovascular disease (CVD) encompasses a range of diseases affecting the heart or blood vessels. Fatty acids, especially omega-3 and omega-6 fatty acids, offer various cardiovascular health benefits, aiding in the prevention and management of cardiovascular diseases. According to the Centers for Disease Control and Prevention (CDC), over 695,000 people in the US died from heart disease, accounting for one out of every five deaths. Additionally, a report from the Office for National Statistics reveals that on March 21, 2021, 6.6 million people in the UK had a cardiovascular condition, emphasizing the significant impact of these diseases. Hence, the increasing prevalence of cardiovascular disease is a driving force behind the growth of the fatty acid market.

The increasing awareness of health-related issues has led to a growing utilization of omega fatty acid supplements. Omega fatty acids, predominantly found in fish oils, are essential components for the human body. Omega-3 supplements, known for their potential to alleviate symptoms of rheumatoid arthritis, serve as dietary or medicinal supplements. The incorporation of Omega-3 and Omega-6 fatty acids aids in disease prevention, enhances cardiovascular health, supports a healthy metabolism, alleviates joint pain and inflammation, and promotes optimal brain function. According to the World Health Organization (WHO), approximately 17.9 million people worldwide succumb to cardiovascular diseases annually. Consequently, the escalating awareness of health concerns, particularly those related to heart diseases, is anticipated to propel the fatty acids market.

Prominent companies in the fatty acid market are directing their efforts toward the development of innovative products, such as cetoleic acid products, to fortify their market presence. Cetoleic acid, associated with a specific type of fatty acid, is exemplified by Grøntvedt Biotech's launch of CETO3 in February 2023. This product features high-quality cetoleic acid oil enriched with Omega-3 EPA and DHA, demonstrated to increase the body's production of EPA and DHA by up to 50% in a recent omega-3 index pilot study. Notably, CETO3 ensures a pleasant experience with its odor- and taste-free composition, eliminating any fishy smell or reflux.

In July 2023, Novartis AG, a Switzerland-based pharmaceutical company, completed the acquisition of DTx Pharma Inc. for an undisclosed amount. This strategic move aims to enhance Novartis's capabilities in RNA-based treatments by integrating DTx's fatty acid ligand-conjugated oligonucleotide (FALCON) platform into its siRNA toolbox. DTx Pharma Inc., headquartered in Canada, specializes in utilizing its unique FALCON platform to develop siRNA treatments for neurological disorders.


Major companies operating in the fatty acids market report are BASF SE, LG Household & Health Care Ltd., Kraton Corporation, Royal DSM, Cargill, Incorporated, Evonik Industries, Eastman Chemical Company, Croda International PLC, Omega Protein Corporation, AAK, Fairchem, Divine Oleoformulations (India) LLP, Australian Chemical Industries Int Co., Jayant Oils And Derivatives Ltd., Subhash Chemicals Industries Pvt Ltd., Atlas Chemicals, Guangdong Jiangmen Chemical Plant, Shanghai Yan'an Grease Chemical Co. Ltd., Gysmecol (Guangzhou) Technology Co., Ltd., Akzonobel NV, Aker BioMarine, Oleon NV, Emery Oleochemicals GmbH, Ferro Corporation, Kao Oleochemical, Ashland Global Specialty Chemicals Inc., The Chemical Company, ChemCeed LLC, FoodScience LLC, Reagents, Applied Material Solutions, GJ Chemical, Jedwards International, Inc., Welch Holme & Clark Co. Inc., SAE Manufacturing Specialties Corp, Battelle & Renwick Inc., AKSH Industries, Inc., Norman, Fox & Co., Monson Companies, Inc., Mallinath Group, MSD OLEO FZC, Vantage Oleochemicals, SI Group, Inc.

Asia-Pacific was the largest region in the fatty acids market in 2023. North America was the second-largest region in the global fatty acids market. The regions covered in the fatty acids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fatty acids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The primary product categories for fatty acids encompass unsaturated fatty acids and saturated fatty acids. Saturated fatty acids (SFA) lack double bonds and are characterized by the formula R-COOH, with the R-group presenting a straight-chain hydrocarbon of the form CH3(CH2)n. These chains vary in length, ranging from short-chain lengths, resulting in volatile liquids, to longer chain lengths exceeding 30 carbon atoms, leading to waxy solids. Fatty acids are available in various forms such as oil, capsules, syrup, and powder, sourced from vegetable oils, marine oils, nuts and seeds, soy and soy products. End-user industries encompass household, cosmetics and personal care, soap and detergent, oilfield, rubber and plastic, lubricants, and others.

The fatty acids market research report is one of a series of new reports that provides fatty acids market statistics, including fatty acids industry global market size, regional shares, competitors with a fatty acids market share, detailed fatty acids market segments, market trends and opportunities, and any further data you may need to thrive in the fatty acids industry. This fatty acids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fatty acids market consists of the sales of monounsaturated, polyunsaturated, and trans fats. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.