#Myristic Acid Market Players
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Myristic Acid Market Overview, Size, Share, Trend and Forecast to 2033 | Market Strides
Myristic Acid Market
The Global Myristic Acid Market size is projected to grow at a CAGR of XX% during the forecast period.
The Global Myristic Acid Market Research Report provides a comprehensive evaluation of the present industry scenario and future growth prospects over the forecast period. The research report analyzes and summarizes all important aspects of the market including technological evolution, recent industry trends and competitive landscape, market segmentation and key regions.
Research Methodology
Our research methodology constitutes a mix of secondary & primary research which ideally starts from exhaustive data mining, conducting primary interviews (suppliers/distributors/end-users), and formulating insights, estimates, growth rates accordingly. Final primary validation is a mandate to confirm our research findings with Key Opinion Leaders (KoLs), Industry Experts, Mining and Metal Filtration includes major supplies & Independent Consultants among others.
The Global Myristic Acid Market Report provides a 360-degree view of the latest trends, insights, and predictions for the global market, along with detailed analysis of various regional market conditions, market trends, and forecasts for the various segments and sub-segments.
Get Sample Report: https://marketstrides.com/request-sample/myristic-acid-market
List Of Key Companies Profiled:
VVF LLC
Axaria Europe
H Foster
Natural Health Enterprises
Monachem
Pacific Oleochemicals
Paras Polymer & Chemicals
Sigma-Aldrich
SEGMENTATION
By Type
Plant-Based
Animal-Based
By Application
Food and Beverages
Cosmetics
Industrial
Others
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Myristic Acid Market Regional Insights
North America
United States: The U.S. economy has shown resilience post-pandemic but faces inflationary pressures, particularly in housing and consumer goods. The Federal Reserve's interest rate policies remain a focus, as the balance between controlling inflation and avoiding recession has impacted spending, borrowing, and business growth. Key sectors like tech, finance, and renewable energy are experiencing dynamic changes, with AI, fintech, and green technology receiving heavy investments.
Canada: Economic stability remains a hallmark of Canada’s economy, although housing affordability and household debt are pressing issues. Canada continues to emphasize a green energy transition, investing in hydroelectric, wind, and solar power. The nation is also focused on attracting skilled labor, especially in technology, healthcare, and energy, as part of its economic strategy.
Mexico: Mexico has benefited from a nearshoring trend, as companies look to relocate manufacturing closer to the U.S. market. With a strong trade relationship via USMCA (the U.S.-Mexico-Canada Agreement), Mexico is seeing investments in its automotive, aerospace, and electronics industries. However, inflation, interest rates, and a need for infrastructure development remain areas of focus.
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#Myristic Acid Market Size#Myristic Acid Market Share#Myristic Acid Market Growth#Myristic Acid Market Trends#Myristic Acid Market Players
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Myristyl Myristate Market is Likely to Exceed US$ 30 billion by 2031, Recording Over a 15% CAGR
The global market for myristyl myristate was estimated to be worth a market valuation around US$ 8.2 million in 2022. The market is anticipated to advance with a rapid 15.7% CAGR from 2023 to 2031 and by 2031, the market is likely to gain US$ 30.5 million.
Natural, vegetable-derived myristyl myristate is highly appreciated in the cosmetics industry. It is an ester mixture of myristyl alcohol and myristic acid and contains myristic fatty acids. Numerous advantages of using myristyl myristate in skincare products. Myristyl myristate is used as a co-emulsifier because it strengthens emulsion stability, especially when goods are at risk of destabilization because of temperature fluctuations or greater oil concentrations.
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Market Segmentation
By Service Type
Emollients
Moisturizers
Conditioning Agents
Others
By Sourcing Type
Natural
Synthetic
By Application
Skincare
Haircare
Cosmetics
Pharmaceuticals
Others
By Industry Vertical
Personal Care
Cosmetics
Healthcare
Others
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Regional Analysis
North America: Dominates the Myristyl Myristate market due to high consumer spending on premium personal care products and the presence of major cosmetic manufacturers.
Europe: Significant market share driven by stringent regulations promoting the use of safe and sustainable ingredients.
Asia-Pacific: Fastest-growing region owing to rising disposable income, urbanization, and growing awareness about skincare products in emerging economies like China and India.
Latin America and Middle East & Africa: Moderate growth expected due to increasing penetration of global cosmetic brands and rising demand for skincare solutions.
Market Drivers and Challenges
Drivers
Increasing Demand for Skincare Products: Rising awareness of skincare benefits is boosting the demand for Myristyl Myristate.
Natural and Organic Products Trend: Growing consumer preference for natural ingredients is driving market growth.
Innovations in Cosmetic Formulations: Advances in product formulations incorporating Myristyl Myristate enhance market appeal.
Challenges
High Costs of Natural Sourcing: Sourcing natural ingredients can be expensive, impacting overall production costs.
Stringent Regulatory Requirements: Compliance with international regulations can be challenging and costly for manufacturers.
Market Trends
Shift Towards Natural Ingredients: Increasing consumer preference for natural and sustainable products is a significant trend.
Technological Advancements: Innovations in extraction and formulation processes are enhancing product efficacy and market appeal.
E-commerce Growth: Online sales channels are becoming increasingly important for market expansion.
Future Outlook
The future of the Myristyl Myristate market looks promising with continued innovation in personal care products and increasing demand for high-quality skincare solutions. The market is expected to benefit from technological advancements and the growing popularity of organic and natural ingredients.
Key Market Study Points
Market Size and Forecast: Comprehensive analysis of market size and growth projections.
Segmentation Analysis: Detailed study of market segmentation by service type, sourcing type, application, industry vertical, and region.
Competitive Landscape: Insights into key players and their market strategies.
Regional Insights: In-depth regional market analysis and growth opportunities.
Market Trends: Identification of emerging trends and their impact on the market.
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Competitive Landscape
The Myristyl Myristate market is highly competitive with several key players striving for market share. Major companies include:
Croda International Plc
BASF SE
Evonik Industries AG
Ashland Global Holdings Inc.
Lonza Group Ltd.
These companies are focusing on product innovation, strategic mergers and acquisitions, and expanding their distribution networks to strengthen their market position.
Recent Developments
Product Launches: Companies are launching new products incorporating Myristyl Myristate to meet evolving consumer demands.
Strategic Partnerships: Collaborations and partnerships are helping companies enhance their product offerings and market reach.
Sustainability Initiatives: Increasing focus on sustainable sourcing and production practices to appeal to environmentally conscious consumers.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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Animal Nutrition Organic Acids Market Size, Growth Analysis, 2023
The Global Animal Nutrition Organic Acids Market report by Stats and Research offers statistical information on market shares, size, and growth factors from 2023 to 2030. The report is prepared by studying the market in-depth and the role of market players involved in the industry, including their financial summary, corporate overview, and SWOT analysis. The report is prepared by keeping in mind the essential data, including historic and forecast data along with the important components driving the growth of the market. The report on the global Animal Nutrition Organic Acids market estimates market report value, considering the regional, product type, application, and end-user segment. The report is a detailed study of the key market players as a part of the competitive landscape.
This report describes the global market size of animal nutrition organic acids market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and it is expected to grow with a CAGR of 10.08% from 2023 to 2030.
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Top Key players in Animal Nutrition Organic Acids Market: Carboic, Thyssenkrupp AG, ADM, CRODA INTERNATIONAL PLC, Cargill, Incorporated, EASTMAN CHEMICAL COMPANY, BASF SE, Dow, Other Key Players
By Product
Benzoic Acid
Butyric Acid
Sorbic Acid
Fumaric Acid
Malic Acid
Lactic Acid
Myristic Acid
Mid-chain Fatty Acids
By Species
Poultry
Swine
Ruminants
Aqua
Others
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Crude Palm Oil Prices, Trends & Forecasts | Provided by Procurement Resource
Crude Palm Oil (CPO) is the edible oil produced from the fruit pulp of oil palms (Elaeis guineensis). Its plantations are widely grown in Southeast Asian countries, such as Indonesia and Malaysia, for CPO production. In nature, it resembles the colour of the pulp due to the high inactive content of vitamin A.
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It can be distinguished from coconut or kernel oil and is typically mixed with coconut oil to yield highly saturated vegetable fat used in cooking. Its fatty acid composition consists of lauric acid, oleic acid, palmitic acid, myristic acid, stearic acid, and linoleic acid.
Key Details About the Crude Palm Oil Price Trends:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Crude Palm Oil price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The crude palm oil price trends, including India Crude Palm Oil price, USA Crude Palm Oil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Crude Palm Oil Price Trends:
Crude Palm oil has usage in culinary applications, mainly in West Africa, South-East Asia, and a few areas in Brazil. On a commercial scale, it is used in cooking due to it being cheap, which boosts its sales in the sector. In addition to cooking, it is also used to industrially make pre-packaged food like chocolate, pizza, and doughnuts; hair care products like shampoo; cosmetics; cleaning supplies; and personal care items (soap, deodorant, toothpaste), which boosts the demand in the market. It plays a key role in biodiesel production and works as a fuel in motor vehicles, aircraft and shipping. Also, due to it being oxidation resistant, it has a longer shelf-life which boosts its market development.
Key Players:
FGV Holdings Berhad
IOI Corporation Berhad
Sime Darby Plantation Berhad
Musim Mas Holdings Pt. Ltd
Bumitama Agri Ltd.
Adani Group
Emamiltd
Asian Agri
Apical Group Ltd.
News & Recent Development
25th May 2023- Following a drop of more than 20 percent in 2023, the prices of palm oil will slip further due to frail demand and the pressure of constant demand for soft imports from India and Mainland China.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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Fatty Acid Esters Market To Demonstrate Massive Growth With A CAGR of 4.6% By 2022
Global 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.
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.
Free Exclusive Sample of this Report @ https://www.millioninsights.com/industry-reports/fatty-acid-esters-market/request-sample
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.
Geographically, the key regions identified in this industry are North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America is estimated to dominate the market followed by Europe owing to the high consumer awareness level regarding beauty and fitness. In addition increasing adoption of MCT is projected to have a positive impact on the market growth. Asia Pacific is expected to witness the fastest growth over the decade owing to the rising disposable income in this region. This has led to increasing consumption of fatty and processed foods.
The key players in this industry include DuPont, P&G Chemicals, Evonik Industries, Cargill Inc., Estelle Chemicals Pvt. Ltd., Fine Organics, Stepan Company, KLK Oleo, The Seydel Companies and World Chem Industries. Other prominent players are A.B. Enterprises, Zhengzhou Yi Bang Industry Co. Ltd., Metroshen International Corporation, Faci Asia Pacific Pte. Ltd, and Oleon N.V.
Get Full Details On: https://www.millioninsights.com/industry-reports/fatty-acid-esters-market
The market is highly competitive in nature as the players in order to increase their market share are adopting certain strategies such as new product development and collaborations. In April 2016, according to the journal of food science, a series of novel I-ascorbyl fatty acid esters were synthesized by catalization of Novozyme 435 using electrospray ionization mass spectra, ultrasonic irradiation, nuclear magnetic resonance and spectroscopy. In 2014, the FDA approved Epanova (omega-3-carboxylic acids) manufactured by AstraZeneca. The drug is used for the treatment of hypertriglyceridemia containing fish-oil derivative free fatty acid.
Market Segmentation
Global Fatty Acid Esters Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022) • Medium Chain Triglycerides • Glycerol Monostearate • Isopropyl Esters (Palmitate & Myristate) • Others
Get in touch
At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email:[email protected]
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Black Cumin Seed Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Black cumin seed oil, which also goes by the name of black seed, Nigella sativa and Kalonji is native to southeastern Asia and North America. With a taste and aroma reminiscent of black pepper, onions and oregano, the black cumin seed oil has gained acknowledgement for use in Indian or Middle Eastern cuisine, such as curries, soups, vegetables and meat dishes for a peppery flavor. Additionally, the black cumin seed oil has manifold characteristics pertaining to health and wellness such as anti-bacterial, analgesic, anti-fungal, anti-inflammatory, antioxidant, antiviral, anti-hypertensive, insulin sensitizing and others. The various components present in the black cumin seed oil which are responsible for its diverse applications are primarily Thymoquinone, Thymohydroquinone, and Thymol amongst several other micro-components such as myristic acid, palmitic acid, stearic acid, palmitoleic acid, oleic acid, linoleic acid, arachidonic acid, proteins and vitamins B1, B2,B3, calcium, folate, iron, copper, zinc and phosphorous. The black cumin seed oil is anticipated to expand at a considerate CAGR during the forecast period.
Segmentation:-
Black cumin seed oil market is segmented on the basis of form which includes oil as well as encapsulated soft-gel capsules. The soft-shelled capsules are gaining relatively more traction associated to the black cumin seed oil market on the backdrop of consumer convenience.
Black cumin seed oil market is segmented on the basis of application which includes cosmetics & personal care, dietary supplements, and culinary. Amongst these applications, the dietary supplement segment is anticipated to flourish with a healthy CAGR owing to its manifold utilizations gradually receiving the attention of consumers for instance the ability of black cumin seed oil to counter tumor effects of cancer, treating type 1 and 2 diabetes, improve digestion, inducing weight loss, strengthening hair follicles, benefiting the skin and even helping to heal scars, and fighting infections most importantly MRSA.
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Black cumin seed oil market is segmented on the basis of the end use which includes retail and industrial. The retail segment is further sub-segmented as distribution channel which includes online stores, hypermarkets/supermarkets, specialized drug stores, and convenience stores.
Global market drivers and restraints:-
The black cumin seed oil is gaining widespread popularity on the backdrop of its manifold advantages offered by the same. Some of the properties of black cumin seed oil which are primarily driving the black cumin seed oil market are its potential use to alleviate asthma, allergies, and other respiratory issues, that balance the immune system, reduce cancer tumor, induce anti-inflammatory properties for encephalomyelitis, colitis, peritonitis, oedama, and arthritis through suppression of the inflammatory mediators prostaglandins and leukotriens, fight microbes including bacteria, viruses, helminths, and fungus, aid digestion and decrease gas, bloating and stomach pain, to treat skin problems like eczema and psoriasis, promote healthy cholesterol levels, normalizes blood pressure, Inhibits Candida and fungus growth. The restraints of black cumin seed oil market are relatively few however are potential to affect the market and include the weak penetration in the market owing to the lack of awareness amongst the population regarding the product and selection of potential alternatives. Also, a few cases have been reported owing to the side-effects of black cumin seed oil for instance the onset of contact dermatitis, hypotension, and other allergic reactions.
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Regional Outlook:-
The South Asian countries such as India, Indonesia, Singapore, Malaysia, Sri Lanka and others lead as the top exporters as well as manufacturers of the black cumin seed oil market followed by North America and Europe. Most imports have been witnessed by the countries like U.S, Germany, U.K, China, Saudi Arabia, France, and others. Asia will remain as a potential market attributing to the growing economies of India and China. Furthermore, great potential in the black cumin seed oil market can be attributed to its diverse uses.
Major Key players:-
Some of the major key who are driving the myrtle essential oil market globally are The Blessed Seed, Z-Company, Hab Shifa, Amazing Nutrition, Organika Health Products Inc., Complete Organics and the like.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.
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Fatty Acid Ester Market Share | Global Industry Overview Research Report, 2022 By Million Insights
Global 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.
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.
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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.
Geographically, the key regions identified in this industry are North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America is estimated to dominate the market followed by Europe owing to the high consumer awareness level regarding beauty and fitness. In addition increasing adoption of MCT is projected to have a positive impact on the market growth. Asia Pacific is expected to witness the fastest growth over the decade owing to the rising disposable income in this region. This has led to increasing consumption of fatty and processed foods.
The key players in this industry include DuPont, P&G Chemicals, Evonik Industries, Cargill Inc., Estelle Chemicals Pvt. Ltd., Fine Organics, Stepan Company, KLK Oleo, The Seydel Companies and World Chem Industries. Other prominent players are A.B. Enterprises, Zhengzhou Yi Bang Industry Co. Ltd., Metroshen International Corporation, Faci Asia Pacific Pte. Ltd, and Oleon N.V.
The market is highly competitive in nature as the players in order to increase their market share are adopting certain strategies such as new product development and collaborations. In April 2016, according to the journal of food science, a series of novel I-ascorbyl fatty acid esters were synthesized by catalization of Novozyme 435 using electrospray ionization mass spectra, ultrasonic irradiation, nuclear magnetic resonance and spectroscopy. In 2014, the FDA approved Epanova (omega-3-carboxylic acids) manufactured by AstraZeneca. The drug is used for the treatment of hypertriglyceridemia containing fish-oil derivative free fatty acid.
Access Full Research Report @ https://www.millioninsights.com/industry-reports/fatty-acid-esters-market
#Fatty Acid Ester Market#Fatty Acid Esters Industry#Fatty Acid Ester Market Growth#Fatty Acid Esters Market Analysis#Fatty Acid Ester Market Size#Fatty Acid Esters Market Share#Fatty Acid Ester Market Report#Fatty Acid Esters Market Research#Fatty Acid Ester Industry Outlook#Fatty Acid Ester Industry Trends
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Fatty Acid Esters Market Analysis of Industry Size, Research and Economic Growth Report by 2022
31st March 2021 – Global 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. 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 esters 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.
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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. Geographically, the key regions identified in this industry are North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America is estimated to dominate the market followed by Europe owing to the high consumer awareness level regarding beauty and fitness. In addition increasing adoption of MCT is projected to have a positive impact on the market growth. Asia Pacific is expected to witness the fastest growth over the decade owing to the rising disposable income in this region. This has led to increasing consumption of fatty and processed foods.
The key players in this industry include DuPont, P&G Chemicals, Evonik Industries, Cargill Inc., Estelle Chemicals Pvt. Ltd., Fine Organics, Stepan Company, KLK Oleo, The Seydel Companies and World Chem Industries. Other prominent players are A.B. Enterprises, Zhengzhou Yi Bang Industry Co. Ltd., Metroshen International Corporation, Faci Asia Pacific Pte. Ltd, and Oleon N.V. The market is highly competitive in nature as the players in order to increase their market share are adopting certain strategies such as new product development and collaborations. In April 2016, according to the journal of food science, a series of novel I-ascorbyl fatty acid esters were synthesized by catalization of Novozyme 435 using electrospray ionization mass spectra, ultrasonic irradiation, nuclear magnetic resonance and spectroscopy. In 2014, the FDA approved Epanova (omega-3-carboxylic acids) manufactured by AstraZeneca. The drug is used for the treatment of hypertriglyceridemia containing fish-oil derivative free fatty acid.
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Fatty Acid Esters Market Insights | Global Demand and Trends analysis | Forecast To 2022
The global Fatty Acid Esters Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
Global 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.
Key Players:
Cargill
DuPont
Evonik Industries
Estelle Chemicals
Faci Asia Pacific Pte. Ltd.
P&G Chemicals
The Seydel Companies Inc.
Fine Organics
Oleon N.V.
KLK Oleo
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Growth Drivers:
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.
Product Type Outlook:
Medium Chain Triglycerides
Glycerol Monostearate
Isopropyl Esters (Palmitate & Myristate)
Application Outlook:
Personal Care & Cosmetics
Lubricants
Food Processing
Surfactants & Detergents
Pharmaceuticals
Regional Outlook:
Geographically, the key regions identified in this industry are North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America is estimated to dominate the market followed by Europe owing to the high consumer awareness level regarding beauty and fitness. In addition increasing adoption of MCT is projected to have a positive impact on the market growth. Asia Pacific is expected to witness the fastest growth over the decade owing to the rising disposable income in this region. This has led to increasing consumption of fatty and processed foods.
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Fatty Acid Esters Market 2025 Report by Global Key Players, Trends, Share, Industry Size, Segmentation
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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Emollient Esters Market Set for Rapid Growth And Trend, by 2025
Emollient is a common ingredient used in personal care formulations. Emollients are elements that impart a soft or smooth effect to the skin. Emollients are multifunctional ingredients that offer numerous benefits to the users, such as moisturizing and enhancing the texture of hair and skin, reducing skin blemishes and wrinkles, supplementing cell count, thickening anhydrous water in oil and oil in water formulations, while acting as an active solvent at the same time.
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Esters are compounds formed by reacting with polyols or alcohols. Ester is the primary chemical in emollients. The higher the solubility of esters, the lesser the hydrolytic stability they possess. Many esters are not stable at low or high PH and can break down over time.
Based on type, the emollient esters market can be segregated into caprylic/capric triglyceride, isopropyl myristate, myristyl myristate, cetyl palmitate, and C12-15 alkyl benzoate. Caprylic/capric Triglyceride is a mixed triester derived from glycerin and coconut oil. It is in oily liquid form which quickly penetrates the surface to condition the hair or skin and provides a non-greasy light-weight barrier of lubrication. It also helps in enhancing the delivery of vitamins and other active ingredients contained in the solution so that they are fully absorbed and evenly spread by the epidermis.
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It is primarily used as an ingredient in personal care products such as lipsticks, sunscreen lotions, foundation powders, creams, and facial moisturizers. Isopropyl myristate is a synthetic oil composed of myristic acid and isopropyl alcohol. It is often used as an additive in shampoos, deodorants, bath oils, aftershaves, oral hygiene products, antiperspirants, and various creams and lotions. Myristyl myristate is an ester derived from natural vegetables that utilizes only myristic fatty acids. It is used as a co-emulsifier due to its emulsion stabilizing benefits. It imparts a pleasant and soft powdery feel to the skin. Cetyl palmitate contains naturally occurring fatty acids such as cetyl alcohol and palmitic acid found in plants and animals. It lubricates and conditions the skin and makes it appear smooth and soft. C12-15 alkyl benzoate is an ester of benzoic acid. It provides a light conditioning and silky after-touch to the hair and skin. It is used in many products such as shampoos and conditioners, facial moisturizers, self-tanners, and body wash. The cetyl palmitate segment holds major share of the emollients esters market due to its indefinite shelf life.
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In terms of end-user, the emollient esters market can be classified into hair care, oral care, skin care, cosmetics, and others. The skin care segment accounted for major share of the emollient esters market, followed by the hair care segment. This is a result of the increasing exposure of people to personal hygiene, grooming, and care.
Based on geography, the emollient esters market can be divided into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. Europe holds the major market share in terms of volume and value. Most manufacturers of personal care and cosmetic products are situated in Europe. However, Asia Pacific is estimated to be a rapidly growing region of the emollient esters market due to the increase in purchasing power of people.
Change in lifestyle, rise in awareness about personal hygiene, and shift from oil based emollients to ester emollients are the driving factors of the emollient esters market. Availability of cheaper substitutes and stringent labelling regulations on cosmetic ingredients may hamper the emollient esters market.
Key players operating in the emollient esters market are Ashland Inc. (the U.S.), Evonik Industries AG (Germany), Lonza Group Ltd. (Switzerland), Stepan Company (the U.S.), Innospec Inc. (the U.S.), Croda International Plc. (the U.K), Lubrizol Corporation (the U.S.), and BASF SE (Germany).
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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PALM KERNEL OIL AND COCONUT OIL BASED NATURAL FATTY ACIDS MARKET – GLOBAL INDUST
Global Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market: Snapshot
Palm kernel oil and coconut oil together constitute an important group of lauric acids. The majority of functional properties that these oils exhibit is attributed to the high content of saturated acids. The markedly low degree of unsaturation lends high oxidative properties to these oils. The demand for palm kernel oil and coconut oil based natural fatty acids has been steadily increasing in personal care segment and the surfactants market. In addition, driven by their constant availability of these oleochemicals, they are widely used to lend hydrophobic properties to surfactants. The lack of an inexpensive substitutes for oils that can contain lauric and myristics acids in substantial portions has further accentuated the demand.
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The vast adoption of palm kernel oil and coconut oil in the making of a variety of natural cosmetics is boosting the market. The growing preference of natural cosmetic products over synthetic ones is vastly fuelling the uptake of oleochemicals in various regions. A burgeoning detergents industry and the growing demand for bio-based and eco-friendly industrial cleaning products are factors likely to catalyze the market growth in the coming years. The rising disposal incomes of people in developing regions, combined with their growing inclination toward aesthetics and cosmetics, is a key trend bolstering the demand for palm kernel oil and coconut oil-based fatty acids. Tightening norms for keeping industrial facilities clean and hygienic are expected to boost the demand for these acids in making industrial cleaners and detergents. Furthermore, the market is expected to benefit from recent advances made in the personal care segment in several emerging economies.
Global Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market: Overview
Palm kernel oil and coconut oil-based natural fatty acids are predominantly used in manufacturing cleaning surfactants. Thus, the growing consumption of surfactants in residential, commercial, and industrial spaces has had a positive impact on the global palm kernel oil and coconut oil based natural fatty acids market. The steady availability of these oleochemicals along with their natural origin and versatility has made them the key source of the hydrophobic aspect of surfactants. The lack of commercially affordable substitutes for these rich sources of lauric fatty acids has given the global market a definitive boost. The presence of natural fatty acids in distilled palm kernel oil and coconut oil such as amidopropyl betaines and isethionates has augmented the demand for these materials in the production of personal cleaning surfactants.
Global Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market: Trends and Drivers
The shifting demand for bio-based eco-friendly products in the personal care segment has led to the increased consumption of palm kernel oil and coconut oil based natural fatty acids. The growing awareness amongst consumers about the side effects of synthetic cosmetics has also directed attention toward herbal products, thereby triggering an uptake of these oleochemicals in the production of natural cosmetics.
The report predicts that the rise of the detergents industry is likely to boost the global market in the near future. The coconut oil fatty acids are predominantly used in making industrial cleaners and detergents and the stricter norms to ensure hygienic industries are expected to up the consumption of detergents in the near future. The market is also expected to benefit from the improving disposable income, growing focus on aesthetics, and changing economics. These factors are especially favoring the sales of palm kernel oil based natural fatty acids, which are extensively used in personal care products.
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Global Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market: Market Potential
The global cosmetics market is undergoing a major change that is seen tilting toward demand for natural products. In light of the benefits of cosmetics produced using naturally obtained materials over synthetic ones, the sales of sustainable cosmetics products have substantially spiked. Companies such as Evonik has added a wide range of cosmetic ingredients to its portfolio which comply with the standard of the Roundtable on Sustainable Palm Oil (RSPO – MB). The new 50 certified palm-oil based raw materials will support customers in developing sustainable cosmetic products. The raw materials have been obtained in the most socially responsible manner that adheres to the conservation of habitats and land grabbing.
Global Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market: Regional Outlook
Geographically, the global palm kernel oil and coconut based natural fatty acids market is segmented into Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. The research report states that Asia Pacific will be a key player in the global market. The region is expected to be the key consumer of coconut oil and palm kernel due to the high concentration of respective plantations. Furthermore, a strong presence of market players in the regions who are engaged in the production of detergents, soaps, and other personal care products are also projected to make a phenomenal contribution to the overall market.
Key Players Mentioned in the Report are:
Some of the leading players operating in the global palm kernel oil and coconut oil-based natural fatty acids market are Vantage Specialty Chemicals, Chemical Associates Inc., Philippine International, Wilmar International, OLEON, KLK Oleo, Emery Oleochemicals, Kao Corporation, P&G, Pacific Oleochemicals, Twin Rivers Technologies, Musim Mas Holdings, VVF LLC, and United Coconut Chemicals. These companies are expected to focus on making strategic mergers and acquisitions to improve their foothold in the global market in the coming years.
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Myristic Acid Market Will Reflect Significant Growth Prospects during 2018-2025
Myristic Acid is a typical normal organic saturated fatty acid that is discovered in animals and plants sources, for example, coconut oil, nutmeg, palm oil, spermacetin(the oil got from the sperm whale), and butterfat. It is turned out to be especially viable in assisting with fat digestion and weight reduction alongside enhancing nerve and brain quality. It likewise aids in anti-aging and could be utilized for the supplementation procedure. It is utilized for making fragrances, flavors, soaps and beauty care products.
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In terms of the source, the overall market is categorized into animal-based products and plant-based products (includes palm oil, coconut oil, and nutmeg butter) The animal-based products can be further sub-segmented into (includes animal fats like meat, fish, eggs, crustaceans, shellfish, and others and sperm whale oil). Of these, the plant-based products are majorly utilized since the nutmeg butter is one of the richest sources. Based on end-use industry, the overall market is categorized into industrial applications, cosmetic and food, and beverage.
Interest for flavors in convenience food has developed quickly and keeps on expanding at a huge rate. In emerged markets, inclination for enhanced flavored foods and drinks is expanding, prompting higher interest for exotic, ethnic and spicy flavorings. The expansion of exotic and spicy flavors to existing product offerings keeps on being one of the improvements embraced by worldwide makers to draw in buyers’ attention in more developed markets around the world. Developing predominance for flavored food and drinks has prompted the amalgamation of different flavor profiles. Likewise increasing interest for flavored beverages in the North America and Europe region is anticipated to generate essential prospects for players in the worldwide myristic acid market. Participants working in the myristic acid market are considered to use this prospect amid the figured time frame. The food & beverage organizations are exceedingly concentrating on the research & development exercises to improve the multifunctional and dietary profile of myristic acid that offers high medical advantages.
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Apart from all the advantages and customer demand for myristic acid, it, in addition, has side effects if utilized overly. It can direct towards skin & eye itmrtations together with toxicant consequences in the human body. These indicators are impeding the myristic acid market because of the increase of customer awareness for healthy food.
As a result of the advantages of myristic acid, a number of players and producers in the market are shifting towards manufacturing and supplying it. A few of the foremost players are H Foster & Co Ltd., Axaria Europe S.L., Natural Health Enterprises, MONACHEM, VVF L.L.C., Pacific Oleochemicals Sdn Bhd., Sigma-Aldrich Co. LLC., Paras Polymer & Chemicals, and others.
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Fatty Acid Esters Market Regulatory Framework & Strategic Initiatives by 2022
16 Jan 2019 - Global 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.
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.
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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.
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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. Geographically, the key regions identified in this industry are North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America is estimated to dominate the market followed by Europe owing to the high consumer awareness level regarding beauty and fitness. In addition increasing adoption of MCT is projected to have a positive impact on the market growth.Asia Pacific is expected to witness the fastest growth over the decade owing to the rising disposable income in this region. This has led to increasing consumption of fatty and processed foods.
The key players in this industry include DuPont, P&G Chemicals, Evonik Industries, Cargill Inc., Estelle Chemicals Pvt. Ltd., Fine Organics, Stepan Company, KLK Oleo, The Seydel Companies and World Chem Industries. Other prominent players are A.B. Enterprises, Zhengzhou Yi Bang Industry Co. Ltd., Metroshen International Corporation, Faci Asia Pacific Pte. Ltd, and Oleon N.V. The market is highly competitive in nature as the players in order to increase their market share are adopting certain strategies such as new product development and collaborations. In April 2016, according to the journal of food science, a series of novel I-ascorbyl fatty acid esters were synthesized by catalization of Novozyme 435 using electrospray ionization mass spectra, ultrasonic irradiation, nuclear magnetic resonance and spectroscopy. In 2014, the FDA approved Epanova (omega-3-carboxylic acids) manufactured by AstraZeneca. The drug is used for the treatment of hypertriglyceridemia containing fish-oil derivative free fatty acid.
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Palm Kernel Oil Coconut Oil Based Natural Fatty Acids Market Set for Rapid Growth and Trend, by 2023
Transparency Market Research has published a new report titled “Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023.” According to the report, the global palm kernel oil and coconut oil based natural fatty acids market was valued at US$5.32 bn in 2014 and is anticipated to reach US$7.98 bn by 2023, expanding at a CAGR of 4.6% between 2015 and 2023.
Palm kernel oil and coconut oil based natural fatty acids comprise medium-chain oleochemicals such as lauric acid, myristic acid, caprylic acid, and capric acid. These natural fatty acids have broad usage in detergents, personal care, plastics, rubber, and other end-user industries. Natural fatty acids act as surfactants in detergents and personal care end-user industries owing to the presence of hydrophilic and hydrophobic groups in these molecules. Availability from bio-based and renewable sources encourages industrial use of natural fatty acids as compared to their petroleum-based and animal-based counterparts. Increasing consumer awareness regarding the usage of products possessing non-toxic and environmentally sustainable ingredients has fueled demand for palm kernel oil and coconut oil based natural fatty acids in the past few years. Ambient environmental conditions in Southeast Asia favor the production of palm kernel oil and coconut oil. Furthermore, supportive governmental policies attract key players in the natural fatty acid market to strengthen their business in this region. However, volatility in raw material prices coupled with over dependency on Southeast Asia-based manufacturers is likely to hinder the market growth during the forecast period.
The global natural fatty acids market has witnessed significant growth in the past few years. Population growth coupled with rising per capita income resulted in increased consumption of detergents in developing countries in the past few years. This, in turn, generated considerable demand for natural fatty acids in the detergents industry, enabling it to be the largest end-user in 2014. Personal care is projected to be the fastest-growing end-user of the natural fatty acids market in the next few years. Heightened awareness regarding personal well-being and hygiene maintenance has propelled growth of the global personal care industry. Furthermore, several personal care products manufacturers are focused on using biocompatible and green materials to improve biosafety of products. As a result, demand for natural fatty acids is expected to increase substantially in the personal care industry during the forecast period.
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Asia Pacific dominated the global market for palm kernel oil and coconut oil based natural fatty acids in 2014. The region is expected to continue witnessing a similar growth trend during the forecast period due to rising demand from major end-user industries. Increase in purchasing power parity of consumers in developing countries of Asia Pacific is projected to boost demand for natural fatty acids in the next few years. China is estimated to be the major consumer of natural fatty acids in 2023 followed by Rest of Asia Pacific and ASEAN. Europe was the second-largest consumer of natural fatty acids in 2014 followed by North America. Middle East & Africa and Latin America are anticipated to be emerging markets for natural fatty acids in the next few years. Favorable atmospheric conditions for palm and coconut cultivation in West Africa coupled with growth in the personal care industry is likely to create lucrative opportunities in the natural fatty acids market in Middle East & Africa.
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Fatty Acid Esters Market Analysis, Segments, Top Key Players, Drivers and Trends by Forecast to 2022
24th March 2020 – Global 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.
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 esters 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.
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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.
Geographically, the key regions identified in this industry are North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America is estimated to dominate the market followed by Europe owing to the high consumer awareness level regarding beauty and fitness. In addition increasing adoption of MCT is projected to have a positive impact on the market growth. Asia Pacific is expected to witness the fastest growth over the decade owing to the rising disposable income in this region. This has led to increasing consumption of fatty and processed foods.
The key players in this industry include DuPont, P&G Chemicals, Evonik Industries, Cargill Inc., Estelle Chemicals Pvt. Ltd., Fine Organics, Stepan Company, KLK Oleo, The Seydel Companies and World Chem Industries. Other prominent players are A.B. Enterprises, Zhengzhou Yi Bang Industry Co. Ltd., Metroshen International Corporation, Faci Asia Pacific Pte. Ltd, and Oleon N.V.
The market is highly competitive in nature as the players in order to increase their market share are adopting certain strategies such as new product development and collaborations. In April 2016, according to the journal of food science, a series of novel I-ascorbyl fatty acid esters were synthesized by catalization of Novozyme 435 using electrospray ionization mass spectra, ultrasonic irradiation, nuclear magnetic resonance and spectroscopy. In 2014, the FDA approved Epanova (omega-3-carboxylic acids) manufactured by AstraZeneca. The drug is used for the treatment of hypertriglyceridemia containing fish-oil derivative free fatty acid.
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