Rockville , Aug. 17, 2023 (GLOBE NEWSWIRE) -- This latest research report by Fact.MR, a market research and competitive intelligence provider, projects the whole cut fatty acid market to attain a valuation of US$ 295.74 million by the end of 2033, expanding at 5.6% CAGR over the next ten years.
Worldwide sales of whole cut fatty acids are anticipated to be primarily driven by rising demand for functional food products and increasing awareness regarding cleanliness and hygiene. The increasing popularity of products with natural and organic ingredients and functional foods is also projected to drive the sales of whole cut fatty acids over the next ten years.
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Asia Pacific is anticipated to emerge as a highly opportune regional space in the global landscape owing to several reasons such as rapid industrialization, changing consumer preferences, and availability of cheap labor and raw materials. China, India, and Japan are estimated to contribute to a dominant share of whole cut fatty acid shipments in the Asia Pacific region throughout the forecast period.
Report Attributes | Details |
| Forecast Period | 2023 - 2033 |
| Value Projection (2033) | US$ 295.74 Million |
| Growth Rate (2023-2033) | 5.6% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 25 Tables |
| No. of Figures | 132 Figures |
Key Takeaways from Market Study
- As of 2023, the global whole cut fatty acid market stands at a valuation of US$ 171.5 million.
- From 2023 to 2033, worldwide demand for whole cut fatty acids is projected to increase at a CAGR of 5.6%.
- The market is forecasted to reach US$ 295.74 million by the end of 2033.
- Rapid industrialization, growing focus on health and fitness, rising awareness regarding hygiene, and paradigm shift in consumer preferences are key drivers for the market over the coming years.
- Volatility in raw material pricing is a key restraining factor for overall market development in the long run.
- Sales of whole cut fatty acids in China are projected to increase at 6.6% CAGR and reach US$ 70.68 million by 2033-end.
- Demand for whole cut fatty acids sourced from coconuts is set to rise at 6% CAGR through 2033.
Country-wise Insights
Which market trends are driving demand for whole cut fatty acids in the US?
"High Prevalence of Chronic Illnesses and Growing Consumer Knowledge of Fatty Acid Product Advantages"
Due to the rising frequency of many chronic diseases in the United States, there has been a noticeable increase in public awareness of health and fitness. According to estimates, the aforementioned aspect will likely increase future consumption of whole cut fatty acid-based goods in the nation. Over the next ten years, it is also anticipated that increasing consumer knowledge of the advantages of consuming fatty acids through various efforts and social media will support market growth.
By the end of 2033, the market for whole cut fatty acids in the United States is expected to be worth US$2.64 million, growing at a 5.8% CAGR.
“Growing awareness regarding the importance of cleanliness and hygiene is projected to directly push up whole cut fatty acid demand on a global level,” says a Fact.MR analyst
Key Companies Profiled in This Report
- VVF
- Twin River Technologies
- Cailà y Parés S.A
- Kiraz Group
- Kerawalla Group
- Shree Chem Exports Private Limited
- Wilmar International
- Oil Base India
Winning Strategy
Leading whole cut fatty acid manufacturers are focusing on fulfilling the demand for plant-based products by investing in R&D of such products and hastening the launch of same. Whole cut fatty acid suppliers are also adopting various organic and inorganic strategies to expand their business scope in new regions and bolster their market presence in the global competitive landscape.
Key Segments of Whole Cut Fatty Acid Industry Research Report
- By Source :
- Coconut
- Tallow
- By End Use :
- Soaps
- Surfactants
- Cleansing Agents
- Emulsifiers
- Lubricants
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global whole cut fatty acid market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights on the market based on source (coconut, tallow) and end use (soaps, emulsifiers, surfactants, lubricants, cleansing agents), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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