Fatty Acids Market Growth to be Driven by Emerging Trends | $230.19 Billion by 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports. What is the Projected Market Size of the Fatty Acids Industry? The size of the fatty acids market has seen tremendous growth in the past few years. The 2024 projection for the market is $148.88 billion and it is projected to turn into $161.38 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%. This substantial expansion during the historic period is due to factors such as robust economic development in the emerging markets, enhanced consumer demand for cosmetics and personal care items, the surge in applications of caprylic fatty acid, rising health applications, and the flourishing plastics and rubber industries.The market is projected to reach $230.19 billion by 2029, boasting a compound annual growth rate (CAGR) of 9.3%. This anticipated growth within the forecast period can be credited to increased population needs and heightened awareness of health-related issues. Notable trends for the forecast period include the increasing utilization of repurposed raw materials in fatty acids production, business consolidations and acquisitions, strategic collaborations, and introductions of new products.Explore The Complete Report Now: https://www.thebusinessresearchcompany.com/report/fatty-acids-global-market-report What Are the Key Drivers Accelerating Growth in the Fatty Acids Market? The growing need for cosmetics and personal care items is propelling the fatty acids market forward.They are incorporated in a broad range of skincare goods like creams, lotions, shampoos, and lipsticks. Fatty acid esters such as triglycerides, phospholipids, and cholesterol esters are often utilized in cosmetics as skin hydrators and thickeners. According to Coty, a French cosmetics firm, the beauty market has consistently risen by 3% - 5% annually.