Fatty Acid Esters Market: Industry Outlook by 2026Posted by PratikshaM on July 30th, 2019 Global Fatty Acid Esters Market: Snapshot Esters are chemical compounds derived from acids by replacing at least one –OH (hydroxyl) group by –O–alkyl (alkoxy) group. Whereas, fatty acid esters are the type of esters that are formed due to the combination of fatty acids and alcohols. Also known as oleochemical substances, fatty acid esters could be natural substitutes to petroleum products and find various applications in biofuels. Vegetable oils such as rapeseed oil, palm oil, and sunflower oil are prominent raw materials used for the production of fatty acid esters. Applications in the manufacture of various products such as surfactants, lubricants, cosmetics, and food are expected to drive the global fatty acid esters market. Furthermore, increasing applications in the paper and pharmaceuticals industries could promise a significant growth of the global market for fatty acid esters. View exclusive Global strategic Business report A report by Transparency Market Research (TMR) estimates that the worldwide market for fatty acid esters could grow to reach a value of US.24 bn by the end of 2020. Growing Demand from Food and Beverage to Propel Growth Various product types of fatty acid esters such as isopropyl palmitate, glyceryl monostearates (GMS), medium chain triglycerides (MCT), sucrose esters, glycol esters, and polyol esters could find numerous applications across a range of industries. Used in the food industry as an emulsifier and a thickening agent, GMS forms a significant market share of the world fatty acid esters market. Using MCT, man-made fats prepared from palm oil, in food items helps to burn calories to reduce weight. Another fatty acid ester produced by palm oil, isopropyl palmitate is used as a thickening agent and emollient in the production of cosmetics such as creams and lotions. The growing demand from the cosmetic industry for isopropyl palmitate is anticipated to fuel the global market for fatty acid esters. Other product types such as sucrose esters, glycol esters, and polyol esters could account for a relatively smaller market share. Nevertheless, due to growing applications of these esters in industries such as surfactant, pharmaceutical, and paper, they are projected to grow their global annual production in future. To understand key trends, Download Free Sample Report However, GMS could still be a major product in the world fatty acid esters market. It is usually in the form of a hygroscopic, sweet-tasting, odorless, and white flaky powder and finds applications in various markets such as health and personal care, pharmaceutical, and food and beverage. In food production, GMS is engaged as a texture stabilizer, flavor enhancer, and an emulsifier for food products such as instant noodles, biscuits, chewing gums, non-dairy creamers, toffees, caramels, chocolates, candies, pastas, and meats products. North America to Sustain Foremost Position Due to Demand from Cosmetics According to the report, the global fatty acid esters market is envisaged to grow at a healthy CAGR with substantial support provided by key regions. The extensive use of fatty acid esters in the food industry may assist Asia Pacific countries to grow at a telling pace. The rising demand from the cosmetics and food industries is forecasted to boost the market for fatty acid esters in not only the Asia Pacific but also North America region. The market for fatty acid esters in Asia Pacific is foreseen to increase owing to a rising demand from the food industry. In the recent past, North America had dominated the global market of fatty acid esters. For the same year, the Europe market had secured a decent share in the fatty acid esters business worldwide. However, Europe is predicted to lose its market share because of volatile prices and strict regulations imposed by European Union (EU) regulation bodies such as Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH). The international fatty acid esters market could witness the presence of several prominent players including Cremer Oleo, Chemicals Co. Ltd., Henan Eastar, China Top Chemical (Jiangsu) Co. Ltd., and Zhengzhou Dahe Food S&T Co. Ltd. About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision. Like it? Share it! More by this author |