Rising Demand From Personal Care, Cosmetics and Food Sectors Drives the Global Fatty Esters Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Fatty Esters markets. Global market for Fatty Esters is projected to reach US$2.3 billion by 2020, driven by growing demand for environmentally safe ingredients from personal care, cosmetics and food sectors.
San Jose, California (PRWEB) August 05, 2014
Follow us on LinkedIn – Fatty esters are derivatives of fatty acids and are used as emollients, emulsifiers, and lubricants in various industries. Emollient properties exhibited by fatty esters enable its consumption in several ‘oil in water’ and ‘water in oil’ suspensions. Fatty esters are known to be the best natural oleo-chemical based alternative to VOC emitting petrochemical based surfactants and emulsifiers. Owing to the excellent emulsification and superior surfactant capabilities, fatty esters have become the material of choice for surfactants and specialty emollients in a broad spectrum of industries, ranging from agriculture, food, pharmaceutical, metal treatment, lubricants to personal care, cosmetics, to plastics.
Fatty esters, which represent key ingredients used in cosmetic products, are witnessing steady demand due to their cost-effective ability to enhance product functionality by imparting an array of anti-microbial, cleansing, and conditioning properties. The market is expected to benefit from increased demand for personal care products and cosmetics supported by increased per capita consumer spending on personal grooming and appearance enhancement products. Effective spreading properties of fatty esters enable active ingredients of cosmetics to easily penetrate the skin and reduce greasiness. Solvency properties of MCT oil enable its use as solubilizer in perfumes. Various fatty esters including PEG esters, glycerol esters and sorbitan esters find application as moisturizers, emollients and base stabilizers in the personal care and cosmetics industry.
Another significant factor promoting long term growth in the market is the rising popularity of convenience foods against a backdrop of fast paced lifestyles led by people across the world. With the focus shifting towards healthy lifestyles, consumer preference for low-fat products is high, a trend that is benefiting demand for fatty esters. Fatty esters are widely used as emulsifiers and additives in food production due to the numerous functional benefits associated with their use, including taste, appeal, stability of the solution, and freshness, among others.
As stated by the new market research report on Fatty Esters, the United States represents the largest market worldwide, followed by Europe. Healthy consumer demand for homecare and personal care products and increasing focus on high-quality and low-fat food products represent major factors driving growth in these markets. Asia-Pacific is expected to spearhead global growth with a CAGR of 5.1% over the analysis period. Economic prosperity, rising income levels, growing demand for packaged and processed food products, expanding population, increasing focus on personal health and appearance maintenance complemented with an expanding affluent middle class population are factors supporting growth in the region.
Key players covered in the report include ABITEC Corporation, Acidchem International Sdn Bhd, Archer Daniels Midland Company, Akzo Nobel N.V., BASF SE, Croda International Plc., Faci Asia-Pacific, Felda IFFCO LLC, Fine Organics, Gattefossé, KLK Oleo, Lonza Custom Manufacturing, P&G Chemicals, PMC Biogenix Inc., Sasol Limited, Stearinerie Dubois, Stepan Company, Subhash Chemical Industries, and UNDESA Group, among others.
The research report titled "Fatty Esters: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Key segments analyzed include Glyceryl Monostearate (GMS), Medium Chain Triglyceride Oil (MCT Oil), Isopropyl Palmitate & Isopropyl Myristate (IPP & IPM), and Others. End-use applications analyzed include Food, Personal Care & Cosmetics, Functional Fluids, and Others.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Fatty_Esters_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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