TALLOW FATTY ACIDS MARKET ANALYSIS

Health and ethical concerns are posing a major challenge for the growth of this market. Several studies conducted by public health organizations like World Health Organization and Centers for Disease Control and Prevention have found links between the consumption of trans-fatty acids present in tallow and increased risks of heart diseases, strokes and diabetes. This is a major cause of concern for people globally considering cardiovascular diseases remain the leading cause of deaths worldwide according to WHO.

Market Opportunity - Emerging Markets in Personal Care and Cosmetics

The market sees huge potential growth opportunities in the emerging markets for personal care and cosmetics applications. Countries like India, Brazil, China, and Southeast Asian nations are witnessing rising disposable incomes and growing expenditure on personal grooming and appearance among the expanding middle-class population. As personal grooming gains cultural significance, the sales of premium cosmetics targeted age Z and millennial spenders are increasing. A 2021 IMF report stated that the global middle-class population will double to 5 billion people by 2030, with over 90% residing in developing regions.