Fatty Acids Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Saturated and Unsaturated), By Form (Oil, Powder, and Capsule), By End-Use (Household & Industrial Cleaning, Food & Beverage, Pharmaceutical & Nutraceutical, Personal Care & Cosmetics, Industrial, and Others), and Region

The global fatty acids market was valued at US$ 31,629.6 million in 2023 and is projected to grow at a CAGR of 5.2% over the forecast years (2024-2030). The market for fatty acids is driven by the food industry's growing need, especially for healthier fats and oils, as well as consumers' growing inclination toward natural and organic goods. Along with growing uses in medicines, cosmetics, and personal care, health awareness about omega-3 and omega-6 fatty acids further encourages growth.

However, the market is constrained, which can impede expansion, by factors including volatile raw material prices and competition from synthetic substitutes. Fatty acid integration into functional foods and nutraceuticals presents opportunities, as does the increasing emphasis on specialty fatty acids with applications particular to them and sustainable sources. The growing consumer interest in plant-based goods, advancements in processing methods, and a move toward environmentally friendly fatty acid synthesis methods are some of the major themes.

Key Players

The fatty acids market share is inclusive of several companies such as BASF SE (Germany), Akzo Nobel N.V (Netherlands), Ashland Inc. (US), WujiangJinyu Lanolin Co. (China), Vantage Oleochemicals (US), Aker BioMarine AS (Norway), Ferro Corporation (US), Oleon N.V. (Belgium), Arizona Chemicals (US), Eastman Chemical Company (US), Colgate-Palmolive Ltd (India), Godrej Industries (India), Ferro Corporation (US), LongyanZhuoyue New Energy Co. Ltd. (China), Eastman Chemical Corporation (US).

Facts and Figures

• The price of all grades of tallow oleic fatty acids will increase by 0.06 dollars per pound starting on October 1, 2021, according to Vantage OleochemicalsTM, a part of Vantage Specialty ChemicalsTM. There is strong demand for the price increase in both domestic and foreign markets. One of the biggest state-of-the-art oleochemical operators in North America, Vantage has a world-class oleochemicals facility located in Chicago.
• Plant-based, sustainable, and purpose-driven lifestyle products are the emphasis of Neptune Wellness Solutions Inc., a broad and completely integrated health and wellness organization. Forest Remedies' plant-based Multi Omega 3-6-9 candies and soft gels, which include cauliflower as a main component, were announced.

 Key Developments

• In August 2022, Research conducted by Seraphina Therapeutics revealed a novel fatty acid composition that is eyeing the C15:0 supplement. Human bodies use C15:0 to produce PDC, the second full-acting endocannabinoid ever found.
• In November 2022, Cetoleic 10, a long-chain monounsaturated fatty acid, was introduced by Epax. This component is composed of gondoic acid (omega-9), an omega-11 marine lipid, and cetoleic acid. The extract is derived from fish found in the North Atlantic region, which has lower levels of eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA).

Fatty Acids Market Segmentation

By Type: Unsaturated fatty acids dominate the market for fatty acids, mostly because of their established health advantages and consumers' growing inclination toward healthier food alternatives. omega-3 and omega-6 fatty acids in particular are unsaturated fatty acids that have been linked to many health benefits, including heart health, decreased inflammation, and enhanced cognitive performance. This trend of consumers wanting to include these healthy fats in their diets is reflected in their extensive use of cooking oils, nutritional supplements, and functional foods. Although they are still available on the market, saturated fatty acids are typically less preferred since they have been linked to health problems including high blood pressure and heart disease.  Generally, the market is still shaped by customers' and regulators' demand for unsaturated fatty acids since they are health-conscious.

By Form: Oils are the predominant type of fatty acids in the market, found in large quantities in the food, pharmaceutical, and personal care sectors. Oils, which are abundant in omega-3 and omega-6 fatty acids, are necessary for food processing and cooking. They also operate as useful components and nutritional supplements, boosting tastes and providing other health advantages. Powdered fatty acids are becoming more and more well-liked in the nutraceutical industry due to their stability and ease of use in capsule form and functional meals. Capsules make up a lesser portion of the market, but they are preferred in the nutritional supplement and pharmaceutical industries because they provide a precise dosage of fatty acids without the flavor or texture of oils. In general, oils rule the market because of their customer familiarity and adaptability.

By End-Use: The market leader for fatty acids is the household and industrial cleaning sector, which uses the surfactant qualities of fatty acids to efficiently remove oil and debris. Their biodegradability satisfies customer demand, which is rising for environmentally friendly cleaning products. The food and beverage sector uses fatty acids as flavorings, stabilizers, and emulsifiers in food processing, and it follows suit. Profiting from the advantages of fatty acids in dietary supplements, the pharmaceutical and nutraceutical industries are also growing. Furthermore, fatty acids are being used more and more in personal care and cosmetics due to their moisturizing qualities. Fatty acids are used in lubricants and coatings by the industrial segment, and a variety of applications fall under the "others" category, which fosters market expansion.