PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608739
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608739
The global tallow fatty acids market is estimated to be valued at USD 2.73 Bn in 2024 and is expected to reach USD 3.69 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | 2.73 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 4.40% | 2031 Value Projection: | 3.69 Bn |
The global tallow fatty acids market has been gaining significant traction over the recent past owing to widespread applications of tallow fatty acids across various industries. Tallow fatty acids are unsaturated fatty acids that are derived from tallow through hydrolysis or fractionalization. They find extensive usage in manufacturing soaps, candles, lubricants, biodiesel, and other industrial products. Burgeoning demand for naturally-derived additives and feedstock from end-use sectors is a key factor driving the tallow fatty acids market. Moreover, growing preference for plant and animal-based raw materials over petrochemical equivalents is augmenting the market growth.
The global tallow fatty acids market is primarily driven by rising demand from the personal care industry. Wide applications of tallow fatty acids in manufacturing soaps, detergents, shampoos, and other personal hygiene products is providing a thrust to market growth. Additionally, growing biodiesel production owing to supportive government policies promoting the use of renewable fuels is augmenting the demand for tallow fatty acids. However, price fluctuations of raw materials is a major factor hampering the consistent supply of tallow fatty acids. Moreover, availability of substitutes, such as palm fatty acid and coconut fatty acid, is challenging the market growth. Nevertheless, increasing R&D activities to utilize tallow fatty acids in novel applications and growing focus on circular bioeconomy are expected to bring various lucrative opportunities for key players over the forecast period.
This report provides in-depth analysis of the global tallow fatty acids market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global tallow fatty acids market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include AkzoNobel N.V., Acme-Hardesty Co., H Foster & Co. Ltd., BASF SE, Baerlocher GmbH, Chemithon Enterprises, Chemol Company Inc., Colgate Palmolive, Emery Oleochemicals, and LG Household
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global tallow fatty acids market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global tallow fatty acids market