TALLOW FATTY ACIDS MARKET ANALYSIS
Key Takeaways from Analyst
The market is expected to witness steady growth over the forecast period driven by favorable demands from soap and detergent industries. Tallow fatty acids find widespread application in the production of soaps, detergents, lubricants, biodiesel, and others owing to their cost effectiveness as compared to other vegetable and animal fats.
However, stringent environmental regulations around the world pertaining to wastewater discharge from soap and detergent manufacturing plants may negatively impact the market in the long run. Also, growing preference for plant-based feedstock over animal fats in developed nations is a major challenge. The Asia Pacific region, led by China, currently dominates the market and is likely to continue its dominance during the forecast years.
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