Transparency Market Research has published a new
report titled “Palm Kernel Oil and Coconut Oil Based Natural Fatty
Acids Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2015 - 2023.” According to the report, the global
palm kernel oil and coconut oil based natural fatty acids market was
valued at US$5.32 bn in 2014 and is anticipated to reach US$7.98 bn
by 2023, expanding at a CAGR of 4.6% between 2015 and 2023.
Palm kernel oil and coconut oil based natural fatty
acids comprise medium-chain oleochemicals such as lauric acid,
myristic acid, caprylic acid, and capric acid. These natural fatty
acids have broad usage in detergents, personal care, plastics,
rubber, and other end-user industries. Natural fatty acids act as
surfactants in detergents and personal care end-user industries owing
to the presence of hydrophilic and hydrophobic groups in these
molecules.
This 141 page report gives readers a comprehensive
overview of the Palm Kernel Oil and Coconut Oil market.Browse Market
Research Report @
http://www.transparencymarketresearch.com/palm-kernel-oil-coconut-oil-based-natural-fatty-acids-market.html
Availability from bio-based and renewable sources
encourages industrial use of natural fatty acids as compared to their
petroleum-based and animal-based counterparts. Increasing consumer
awareness regarding the usage of products possessing non-toxic and
environmentally sustainable ingredients has fueled demand for palm
kernel oil and coconut oil based natural fatty acids in the past few
years. Ambient environmental conditions in Southeast Asia favor the
production of palm kernel oil and coconut oil. Furthermore,
supportive governmental policies attract key players in the natural
fatty acid market to strengthen their business in this region.
However, volatility in raw material prices coupled with over
dependency on Southeast Asia-based manufacturers is likely to hinder
the market growth during the forecast period.
The global natural fatty acids market has witnessed
significant growth in the past few years. Population growth coupled
with rising per capita income resulted in increased consumption of
detergents in developing countries in the past few years. This, in
turn, generated considerable demand for natural fatty acids in the
detergents industry, enabling it to be the largest end-user in 2014.
Personal care is projected to be the fastest-growing end-user of the
natural fatty acids market in the next few years. Heightened
awareness regarding personal well-being and hygiene maintenance has
propelled growth of the global personal care industry. Furthermore,
several personal care products manufacturers are focused on using
biocompatible and green materials to improve biosafety of products.
As a result, demand for natural fatty acids is expected to increase
substantially in the personal care industry during the forecast
period.
Asia Pacific dominated the global market for palm
kernel oil and coconut oil based natural fatty acids in 2014. The
region is expected to continue witnessing a similar growth trend
during the forecast period due to rising demand from major end-user
industries. Increase in purchasing power parity of consumers in
developing countries of Asia Pacific is projected to boost demand for
natural fatty acids in the next few years. China is estimated to be
the major consumer of natural fatty acids in 2023 followed by Rest of
Asia Pacific and ASEAN. Europe was the second-largest consumer of
natural fatty acids in 2014 followed by North America. Middle East &
Africa and Latin America are anticipated to be emerging markets for
natural fatty acids in the next few years. Favorable atmospheric
conditions for palm and coconut cultivation in West Africa coupled
with growth in the personal care industry is likely to create
lucrative opportunities in the natural fatty acids market in Middle
East & Africa.
Get accurate market forecast and analysis on the
Palm Kernel Oil and Coconut Oil market. Request a sample to stay
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The report provides a comprehensive view of the palm
kernel oil and coconut oil based natural fatty acids market in terms
of volume and revenue. It includes current demand analysis and
forecast for end-users in North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa. Furthermore, the report offers
detailed country-wise analysis of the palm kernel oil and coconut oil
based natural fatty acids market in the regions mentioned above. The
natural fatty acids market has been divided into the following
segments.
Palm Kernel Oil and Coconut Oil Based Natural
Fatty Acids Market – End-user Analysis
- Detergents
- Personal care
- Plastics
- Rubber
- Others (Including pharmaceutical, oil & gas, food, textile, etc.)
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