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North America Fatty Acids Market – Industry Trends and Forecast to 2031

Food & Beverage

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North America Fatty Acids Market – Industry Trends and Forecast to 2031

  • Food & Beverage
  • Upcoming Report
  • Mar 2024
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Fatty Acids Market, By Product Type (Saturated, Monounsaturated, Polyunsaturated. Trans Fat, and Others), Source (Plant-Based, Animal-Based, and Others), Form (Oil, Capsule, Syrup, and Powder), Category (Natural and Synthetic), Application (Oilfield Chemicals, Rubber and Plastic Lubricants, Fuel Additive, Personal Care, Dietary Supplements, Pharmaceutical, Food Products, Beverages, Animal Feed and Others)– Industry Trends and Forecast to 2031.

North America Fatty Acids Market

North America Fatty Acids Market Analysis and Size

The fatty acids market encompasses plant-based, animal-based, and other sources. Plant-based sources include oils from soybeans, palm, and sunflowers, offering healthier alternatives such as omega-3 fatty acids found in flaxseed and chia seeds. Animal-based sources such as tallow and lard are used in food production and industrial applications. Other sources may include synthetic fatty acids derived from petrochemicals, offering specialized properties for various industries.

Data Bridge Market Research analyses that the North America fatty acids market, which was USD 4.52 billion in 2023, is expected to reach USD 6.83 billion by 2031, at a CAGR of 5.3% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation      

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Saturated, Monounsaturated, Polyunsaturated. Trans Fat, and Others), Source (Plant-Based, Animal-Based, and Others), Form (Oil, Capsule, Syrup, and Powder), Category (Natural and Synthetic), Application (Oilfield Chemicals, Rubber and Plastic Lubricants, Fuel Additive, Personal Care, Dietary Supplements, Pharmaceutical, Food Products, Beverages, Animal Feed and Others)

Countries Covered

U.S., Canada, Mexico in North America

Market Players Covered

Vantage Specialty Chemicals (U.S.), Cargill, Incorporated (U.S.), KRATON CORPORATION (U.S.), Ashland (U.S.), Corbion (Netherlands), Eastman Chemical Company (U.S.), BASF SE (Germany), GOLDEN OMEGA (Chile), Omega Protein Corporation (U.S.), DSM (Netherlands), Epax (Norway), Brenntag SE (Germany), Croda International Plc (U.K.), Merck KGaA (Germany), Evonik Industries AG (Germany), Kao Corporation (Japan)

Market Opportunities

  • Adoption in Pet Food and Animal Nutrition
  • Emphasis on Sustainable and Eco-Friendly Sourcing

Market Definition

Fatty acids are carboxylic acids comprising a hydrocarbon chain and a carboxyl group. They are fundamental components of lipids, vital for cellular structure and function. These organic molecules vary in chain length and saturation, influencing their physical properties and biological roles, serving as energy sources and structural components in living organisms.

North America Fatty Acids Market Dynamics

Drivers

  • Rising Adoption in Cosmetic and Personal Care Products

Fatty acids, such as lauric acid and oleic acid, exhibit moisturizing, emollient, and cleansing properties, making them popular ingredients in skincare formulations such as lotions, creams, and cleansers. Their natural origin and compatibility with skin contribute to their attractiveness to consumers seeking effective and safe skincare solutions. This trend serves as a significant driver for market growth.

  • Technological Advancements in Extraction and Processing Methods

Innovations in extraction techniques, such as supercritical fluid extraction and enzymatic hydrolysis, enable more efficient and sustainable production of fatty acids from various sources such as oils and fats. Advanced processing methods, including molecular distillation and fractionation, enhance purity and yield, meeting stringent quality standards. These advancements result in higher productivity, lower production costs, and improved product quality, thus driving market growth.

Opportunities

  • Adoption in Pet Food and Animal Nutrition

With growing awareness about pet health and nutrition, there is a rising demand for specialized fatty acid formulations. These formulations contribute to improved skin and coat health, joint mobility, and overall well-being in pets. Additionally, as consumers increasingly view their pets as family members, they're willing to invest in premium pet food products containing essential fatty acids. This trend presents a lucrative opportunity for companies to innovate and cater to this evolving market segment.

  • Emphasis on Sustainable and Eco-Friendly Sourcing

Consumers are becoming more conscientious about the environmental impact of the products they purchase, leading to a growing demand for responsibly sourced fatty acids derived from renewable sources such as algae or sustainably harvested plants. This emphasis presents an opportunity for companies to differentiate themselves by adopting transparent and eco-conscious supply chains. By meeting this demand, businesses can not only attract environmentally conscious consumers but also contribute positively to environmental sustainability efforts, fostering long-term growth and market share.

Restraints/Challenges

  • Price Volatility due to Fluctuating Raw Materials

The fluctuations  in raw materials disrupt supply chains, making production planning and pricing strategies difficult. Businesses face increased uncertainty, impacting profit margins and investment decisions. Consumer prices may fluctuate, affecting purchasing behaviors. Moreover, managing inventory becomes complex, potentially leading to inefficiencies and increased costs. Overall, the challenge of price volatility due to fluctuating raw materials in the fatty acids market disrupts stability, hindering sustainable growth and competitiveness.

  • Competition from Synthetic Alternatives

Synthetic substitutes offer cost-effectiveness and consistent quality, challenging the market share of natural fatty acids. Businesses face pressure to innovate and differentiate their products to remain competitive. Moreover, the perception of synthetic alternatives as more sustainable or environmentally friendly may further erode demand for natural fatty acids.

This North America fatty acids market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the North America fatty acids market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In November 2022, Epax introduced Cetoleic 10, a long-chain monounsaturated fatty acid ingredient containing cetoleic acid (omega-11) and gondoic acid (omega-9), sourced from North Atlantic fish. With lower levels of DHA and EPA, this launch diversifies options in the fatty acids market, catering to specific dietary and nutritional requirements
  • In August 2022, Seraphina Therapeutics introduced a study revealing a novel fatty acid, targeting C15:0 supplement development. This fatty acid plays a crucial role in the synthesis of PDC, the second-ever identified full-acting endocannabinoid. The discovery opens avenues for innovative formulations in the fatty acids market with potential health benefits
  • In October 2020, Corbion and Thai Union extended their collaboration to introduce AlgaPrime DHA into shrimp aquaculture, aiming to deliver sustainably sourced and economically viable shrimp worldwide. This partnership signifies a pivotal advancement in utilizing alternative, sustainable feed ingredients on a larger scale, benefiting both shrimp farmers and seafood producers

North America Fatty Acids Market Scope

The North America fatty acids market is segmented on the basis of product type, source, form, category, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Saturated
  • Monounsaturated
  • Polyunsaturated
  • Trans Fat
  • Others

Source

  • Plant-Based
  • Animal-Based
  • Others

Form

  • Oil
  • Capsule
  • Syrup
  • Powder

 Category

  • Natural
  • Synthetic

Application

  • Oilfield Chemicals
  • Rubber and Plastic Lubricants
  • Fuel Additive
  • Personal Care
  • Dietary Supplements
  • Pharmaceutical
  • Food Products
  • Beverages
  • Animal Feed
  • Others
    • Household
    • Soap and Detergent

North America Fatty Acids Market Regional Analysis/Insights

The North America fatty acids market is analysed and market size insights and trends are provided by product type, source, form, category, and application as referenced above.

The countries covered in the North America fatty acids market report are U.S., Canada, Mexico in North America.

The U.S. leads the market due to the recognized health benefits of unsaturated fatty acids and rising health concerns.

Canada dominates the market due to the indispensable role of fatty acids in the food and beverage industry, highlighting diverse market drivers and opportunities across the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and North America Fatty Acids Market Share Analysis

The North America fatty acids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to North America fatty acids market.

Some of the major players operating in the North America fatty acids market are:

  • Vantage Specialty Chemicals (U.S.)
  • Cargill, Incorporated (U.S.)
  • KRATON CORPORATION (U.S.)
  • Ashland (U.S.)
  • Corbion (Netherlands)
  • Eastman Chemical Company (U.S.)
  • BASF SE (Germany)
  • GOLDEN OMEGA (Chile)
  • Omega Protein Corporation (U.S.)
  • DSM (Netherlands)
  • Epax (Norway)
  • Brenntag SE (Germany)
  • Croda International Plc (U.K.)
  • Merck KGaA (Germany)
  • Evonik Industries AG (Germany)
  • Kao Corporation (Japan)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The North America Fatty Acids Market size will be worth USD 6.83 billion by 2031 during the forecast period.
The North America Fatty Acids Market growth rate is 5.3% during the forecast period.
The Technological Advancements in Extraction, Processing Methods, Rising Adoption in Cosmetic and Personal Care Products are the growth drivers of the North America Fatty Acids Market.
The product type, source, form, category, and application are the factors on which the North America Fatty Acids Market research is based.
The major companies in the North America Fatty Acids Market are Vantage Specialty Chemicals (U.S.), Cargill, Incorporated (U.S.), KRATON CORPORATION (U.S.), Ashland (U.S.), Corbion (Netherlands), Eastman Chemical Company (U.S.), BASF SE (Germany), GOLDEN OMEGA (Chile), Omega Protein Corporation (U.S.), DSM (Netherlands), Epax (Norway), Brenntag SE (Germany), Croda International Plc (U.K.), Merck KGaA (Germany), Evonik Industries AG (Germany), Kao Corporation (Japan).
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