TALLOW FATTY ACIDS MARKET ANALYSIS

Tallow Fatty Acids MarketSize and Trends

Statistics:

The global tallow fatty acids market was estimated to account for US$ 2,671.0 Mn in terms of value and 1,618.2 Kilo Tons in terms of volume in 2019.

Statistics:

Europe region dominated the global tallow fatty acids market in 2019, accounting for 43.35% share in terms of value, followed by North America, among other regions

Market Trends/Key Takeaways

Trend 1

Saturated tallow fatty acids are gaining traction in the market. It is majorly used in the manufacturing of plastic, cosmetics, rubber, and oilfield chemicals. Growing demand for cosmetic products due to a rising sense of fashion and aspire to look presentable is again fueling market growth. Saturated tallow fatty acids have excellent conditioning and moisturizing properties which is creating their demand from cosmetic and soap & detergent industry.

Trend 2

Robust growth in the food & beverage industry due to increasing consumer’s spending on the food and rising demand for food is propelling the market growth of the fatty acid. It is used as a harder in the production of candies. Moreover, it is also used as an additive in the preparation of various food products. Thus growth in the food &beverage industry around the globe is fostering the market growth of the tallow fatty acids.