Asia Pacific Tallow Fatty Acid Market By Type (Polyunsaturated Fatty Acid, Monounsaturated Fatty Acid and Saturated Fatty Acid), By Form (Solid and Liquid), By End User (Food & Beverages Sector, Cosmetic & Personal Care Sector, Biodiesel, Animal Feed and Other end users), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Tallow Fatty Acid Market would witness market growth of 12.8% CAGR during the forecast period (2021-2027).
Tallow is the raw material that is used for producing tallow fatty acid. Several manufacturers are familiar with the importance of tallow and are performing a number of strategies to raise its productivity to gain more profit from it. The swift growth in the cultivation of tallow and its production are offering lucrative opportunities for the companies operating in the tallow fatty acid market. Additionally, the increased applications of fatty acid as trans-fat alternatives are also accountable to increase the opportunities for manufacturers.
Asia-Pacific is the largest region and comprises a large number of population. People in this region are evolving their lifestyles according to trends and time. The developing countries in this region are increasing the demand for the tallow fatty acids as it is used in personal care, food & beverage, rubber, plastic, pharmaceutical, soap, and detergent industries. A large number of individuals are demanding the huge manufacturing of the products.
In addition, the demand for fast-moving consumer goods is also surging, thereby giving rise to the demand for products containing tallow fatty acids. Additionally, the growing automotive manufacturing and sales in leading countries like China, Japan, Indonesia, and India is one of the major factors fueling the growth of the regional tallow fatty acids. Tallow fatty acids have lubricating properties due to which it finds its huge application in automotive manufacturing. Thus, the demand for fatty acids is increasing in this region, which is witnessed to support the growth of the regional tallow fatty acid market.
The China market dominated the Asia Pacific Biodiesel Market by Country in 2020, thereby, achieving a market value of $1,775 million by 2027. The Japan market is showcasing a CAGR of 11.2% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 14.6% during (2021 - 2027).
Based on Type, the market is segmented into Polyunsaturated Fatty Acid, Monounsaturated Fatty Acid and Saturated Fatty Acid. Based on Form, the market is segmented into Solid and Liquid. Based on End User, the market is segmented into Food & Beverages Sector, Cosmetic & Personal Care Sector, Biodiesel, Animal Feed and Other end users. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ajinomoto Co., Inc., Baker Commodities, Inc., Australian Tallow Producers, Cargill Corporation, Darling Ingredients, Jacob Stern & Sons, Inc., SARIA A/S GmbH & Co. KG, Parchem - fine & specialty chemicals, Cailà & Parés, S.A., and Vantage Specialty Chemicals (Jordan Company).
Scope of the Study
Market Segments Covered in the Report:
- Polyunsaturated Fatty Acid
- Monounsaturated Fatty Acid
- Saturated Fatty Acid
By End User
- Food & Beverages Sector
- Cosmetic & Personal Care Sector
- Animal Feed
- Other end users
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Ajinomoto Co., Inc.
- Baker Commodities, Inc.
- Malaysian Tallow Producers
- Cargill Corporation
- Darling Ingredients
- Jacob Stern & Sons, Inc.
- SARIA A/S GmbH & Co. KG
- Parchem – fine & specialty chemicals
- Cailà & Parés, S.A.
- Vantage Specialty Chemicals (Jordan Company)
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