The fatty acids market efficiently consists of sales of fatty acids and correlated services. The Fatty acids act as energy for muscles, heart and several other organs as building blocks for fats in the human body and also as a proxy that manages tenderness in the body. Fatty acids encompasses of a straight chain of an even amount of carbon atoms with hydrogen atoms along the dimension of the chain and at one end of the chain and a carboxyl group (COOH) at the other end.
According to the report analysis, ‘Fatty Acids Global Market Report 2020’ states that in the fatty acids global market there are several companies which presently operating more effectively for leading the highest market growth and registering the greatest value of market share around the globe during the inflowing years while spreading the awareness related to the fatty acids, delivering the better consumer satisfaction, implementing the profitable strategies and polices, studying and analyzing the strategies and policies of the government, developing the specifications of the production technologies, decreasing the linked prices and employing the young work force includes BASF SE, Fmc Corporation, The Dow Chemical Company, Koninklijke DsmNv, Enzymotec Ltd., Croda International Plc, Omega Protein Corporation, Aker Biomarine As, Polaris Nutritional Lipids, Cargill, Incorporated and several others.
The worldwide fatty acids manufacturing market was worth USD 128.94 billion in 2019. It is projected to increase at a compound annual growth rate (CAGR) of 4% and reach USD 148.22 billion by 2023.
The fatty acids market is being propelled by the rising requirement for cosmetics and personal care products. The Fatty acids are the emollients and emulsifiers in the cosmetics industry, utilized to restock and soothe the skin. It is utilized as an ingredient in a variability of skin care products likewise creams, lotions, shampoos, and lipsticks. The Esters of fatty acids likewise triglycerides, phospholipids, and cholesterol esters are commonly utilized in cosmetics as skin hydrants and thickeners. For example, during 2017, according to the worldwide Wellness Institute, beauty, personal care, and the anti-aging market registered for USD 1,083 billion. The increasing demand for cosmetics and personal care products augmented the requirement for fatty acids, driving the market.
The Omega fatty acid supplements are progressively being used owing to rising consciousness concerning health. Omega fatty acids are exist extensively in fish oils and are the vital ingredients to the human body. The Omega-3 supplements can support relieve rheumatoid arthritis symptoms and can also be utilized as dietary supplements or medicinal supplements. Usage of Omega-3 fatty acids and Omega-6 fatty acids support to combat diseases and enhance cardiovascular health, encourage healthy metabolism, decrease pain and inflammation in joints, augment optimal brain function, etc. For example, across India, heart disease is one of the leading causes of death, registering for 1.7 million deaths in 2017, more than 53% from 2005. The worldwide omega 3 supplements market is projected to increase from USD 37.95 billion in 2018 to USD 57.06 billion by 2025.
Throughout February 2018, Frutarom Industries Ltd., an Israeli-based company focused in manufacturing and distributing food flavors, seasonings, and fragrances, assimilated Enzymotec Ltd. for an undisclosed amount. The acquisition supported Frutarom Industries Ltd. in improving its products likewise infant formula, pharmaceuticals, dietary supplements and elderly clinical nutrition. Enzymotec Ltd. is an Israeli-based entity that specializes in improving, manufacturing and marketing nutritional ingredient products. Therefore, in the near years, it is predicted that the market of fatty acids will increase around the globe more effectively over the inflowing duration.
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Ankur Gupta, Head Marketing & Communications