Fatty Acid Ester Market Analysis By Product (Medium Chain Triglycerides, Glyceryl Monostearate, Isopropyl Esters), By Application (Personal Care & Cosmetics, Lubricants, Food Processing, Surfactants & Detergents, Pharmaceuticals) and Segment Forecasts To 2022

Published: January 2016 | ISBN Code: 978-1-68038-685-1 | Report Format: PDF

Industry Insights

Global Fatty Acid Ester Market size was USD 1,830.2 million in 2014. The industry is characterized by increasing demand for natural ingredients with low calorific content to promote weight loss and adhere to changing perceptions of beauty & appearance.

Technological advancements have paved the way for higher efficiency and sustainable production of these esters, owing to genetic engineering, the introduction of high-yielding crops and evolving fatty profiles of canola, sunflower, and other vegetable oils.

Additionally, the advent of sustainable emulsifiers and stabilizers created from FAE has revolutionized the personal care products & cosmetics industry. Several creams and lotions for skin, hair, and even infant care contain these esters as a sustainable, dermatologically safe alternative to toxic synthetic chemicals & ingredients.

Fatty acid esters are also widely used in industrial lubricants, detergents and surfactants owing to high thermo-oxidative stability, viscosity, biodegradability, hydrolytic stability, and lubricity. These detergents are largely utilized by industries and consumers alike, owing to foaming, stability, moisturizing and cleansing properties.

Fatty acid esters manufactured from natural ingredients are inexpensive as compared to synthetic, petroleum-based chemicals. Consumers and manufacturers are increasingly adopting these products to combat climate change, high production costs and ensure overall long-term benefits.

Declining edible oil prices, rising standards of living and increasing embedded oil consumption owing to the proliferation of processed fried foods are also driving their demand in food and other end-use industries.

Countries such as U.S., India, China and Brazil are key markets for these esters, where their adoption rate is quite high, particularly in food products to combat growing obesity levels. As per WHO statistics, obesity levels in the U.S. reached 35.1% in 2014 while the percentage of the overweight population in the country was more than 69%.

Increasing governmental support and initiatives to promote health & fitness coupled with the influence of social media are also playing an important role in terms of promoting fatty acid esters for weight loss and beauty enhancement.

U.S. Fatty Acid Ester Market revenue by product, 2012-2022, (USD Million)

U.S. Fatty Acid Ester Market

Product Insights

On the basis of product, the global industry has been categorized into MCT (medium chain triglycerides), GMS (glycerol monostearate), isopropyl esters (isopropyl palmitate and isopropyl myristate) and other esters such as emollient, polyol, and sucrose.

GMS was widely used in food processing application, mainly for ice-creams and other frozen foods. The market value for GMS was estimated at USD 727.7 million with the U.S. accounting for over 26% of it in 2014. Increasing demand for organic thickening agents and emulsifiers in the food industry has boosted GMS sales globally in recent years.

MCT emerged as the fastest growing segment at a CAGR of 5.3% in terms of market volume in 2014. Low calorific content and reduced chain length of the product promotes quicker metabolism, contributing to its demand in several weight loss programs across the globe.

Application Insights

Major fatty acid esters applications include personal care & cosmetics, lubricants, food processing, surfactants & detergents, pharmaceuticals and others such as drug delivery, coatings, adhesives & construction.

Personal care & cosmetics segment was the largest application segment and accounted for over 34% of the overall volume in 2014. Positive eco-profile and increased functionality of the product has led to high demand in niche applications such as thickening, anti-irritant, water solubility and pigment wetting agent.

Food processing segment shall provide immense growth opportunities in the future, owing to fatty acid esters consumption as emulsifiers and stabilizers in various processed foods. One of the main factors that can be attributed to the segment can be tremendous growth of processed foods industry in Asian markets.

Regional Insights

Regional markets analyzed in the report include North America, Europe, Asia Pacific, and Central & South America (CSA) and the Middle East & Africa (MEA). Globally, North America was the largest market with over 36% of overall revenue in 2014.

High personal disposable income has led to increasing intake of processed, fatty foods which in turn boosted regional obesity levels. Increasing consumer awareness regarding health, beauty & appearance with positive intentions to contribute environmentally have promoted their demand in the U.S. and Canada.

Expanding end-use industries in emerging economies such as China, India, Thailand and Indonesia have fostered their market demand in Asia Pacific as well. The region is expected to witness exponential growth at 5.3% CAGR in terms volume.

Competitive Insights

The global Fatty Acid Ester Market share is characterized by increasing strategic alliances among existing players, coupled with increasing entry of new participants to tap significant opportunities, especially in emerging regions.

Major players include Cargill, DuPont, Estelle Chemicals, P&G (Procter & Gamble) Chemicals, The Seydel Companies, Fine Organics, KLK Oleo, World Chem Industries and Stepan Company. Other independent players profiled in the report include Oleon N.V., Faci Asia Pacific Pte. Ltd., Stéarinerie Dubois, Metroshen International Corp., A.B. Enterprises, and Zhengzhou Yi Bang Industry Co. Ltd.

Key question answered by the report
  • What was the market size from 2013 to 2015?
  • What will be the market growth till 2024 and what will be the resultant market forecast in the year?
  • How will the market drivers, retraints and future opportunieties affect the market dynamics and a subsequent analysis of the associated trends?
  • What segment and region will drive or lead market growth and why?
  • A comprehensive mapping of the competitive landscape and the market participants behavior.
  • What are the key sustainability strategies adopted by market players? An in-depth analysis of these strategies and their impact on competition and growth.
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