FATTY ACID ESTER MARKET ANALYSIS
Global fatty acid ester market was valued at US$ 2,505.2 Mn in 2022, exhibiting a CAGR of 5.7% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 3,895.9 Mn by 2030. Fatty acid esters are ester produce via the reaction between alcohol and fatty acid. They are widely used across a wide range of applications due to its lubricating, resistance to oxidation, and solvency properties. Fatty acid esters are derived from vegetable oils and animal tallow.
Figure 1. Global Fatty Acid Ester Market, By Application, 2022
Figure 2. Global Fatty Acid Ester Market, By Region, 2022
A growing sense of fashion among consumers is driving demand for cosmetic products. Fatty acid esters plays important role as emollient and thickener in cosmetic products. Increasing disposable income of the consumer coupled with the improving lifestyle is further fuelling the market growth. Moreover, an increasing number of working women coupled with the growing demand for male grooming products is again projected to foster the market growth.
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