According to a recent survey conducted by ChemView Consulting, the Global Essential Fatty Acids Market grew at a CAGR of 5.6% between 2017-2021 and is estimated to be US$ 5,146.7 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.2% and is expected to reach a valuation of US$ 8,544.5 Mn by 2032 end.

Animal carbohydrates are used to create fatty acids, which are then hydrogenated to create fatty alcohols. Oils are reacted with methanol in the presence of a basic or acid catalyst to form methyl esters, which can be made from fatty acids or natural oils (coconut, palm kernel, or tallow). They serve as the base ingredients for a variety of cleaning and personal care products.

Over the projected period, industry expansion is anticipated to be driven by rising demand for fatty acids in a variety of personal care & cosmetics products, such as soap, detergent, moisturisers, and others. Additionally, rising disposable incomes, urbanisation, and consumer lifestyle changes have increased the use of cosmetics and personal care items, which in turn has increased demand for fatty acids.

Following the COVID-19 pandemic, consumer preferences for a better, cleaner lifestyle changed, increasing demand for cleaning supplies and immunity-boosting vitamins. This has a favourable effect on the fatty acids industry's demand globally.

Growing health consciousness among consumers in countries like India, China, and the U.S. is increasing demand for nutrient-dense foods and beverages. The demand for fortified convenience nutritious foods is further driven by rising income levels and an expanding urban population. The demand for omega-6 and omega-3 fatty acids in the food and beverage industry is expected to increase due to growing awareness about the benefits of a healthier diet and lifestyle.

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A list of some of the key suppliers present in the market are:

  • FMC Corporation
  • The Dow Chemical Company
  • Koninklijke DSM NV
  • Enzymotec Ltd.
  • Croda International Plc
  • Omega Protein Corporation
  • Aker BioMarine AS
  • Polaris Nutritional Lipids
  • Cargill, Incorporated
  • Arista Industries
  • Nutrifynn Caps, Inc.
  • Sea Dragon Ltd.
  • Lysi hf.
  • GC Rieber Oils AS
  • Bizen Chemical Co. LTD
  • Maruha Nichiro Corporation
  • Olvea Fish Oils
  • Arctic Nutrition AS
  • Golden Omega

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

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About ChemView Consulting:

ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.

Our client base ranges from industry experts, investors, top companies in the chemicals; and oil & gas industry to SMEs, start-ups, and new entrants. We have worked with over 100 companies to upscale their position as the global leader in the chemical & materials landscape with our cutting-edge analytics and advisory services.

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