LAMEA 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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Get in-depth analysis of the COVID-19 impact on the LAMEA Tallow Fatty Acid Market
Market Report Description
The Latin America, Middle East and Africa Tallow Fatty Acid Market would witness market growth of 12.4% CAGR during the forecast period (2021-2027).
Consumers are now inclining towards consuming healthy food and products, which help them in absorbing proper vitamins and protein that are needed for the human body. Beef tallow not only helps in absorbing proper nutrients from food but also offers some health benefits. It is enriched with nutrients like A, D, E, K, and B1. In addition, it also helps in boosting and improving the immune system. The unprocessed fats like beef tallow allow easy absorption of fat-soluble vitamins that help in making the immune system strong.
The countries in this region are underdeveloped and are not so well aware of healthy products. This has led to the low availability of the products containing tallow fatty acids in major parts of the LAMEA. This is might be due to the low-performing macro-economic factors like lack of awareness among consumers, aggressive marketing strategies, and internet penetration. These factors are attributed to the decrease the growth of the regional tallow fatty acid market.
In contrast, the demand for soaps and detergents is increasing in this region as these products are commonly used to maintain proper hygiene. The tallow fatty acids are used in the soaps and detergents industries. Also, the demand for tallow fatty acids is witnessing an increase as it also finds its application in the pharmaceutical industry. Fatty acids are used in the manufacturing of tablets and dietary products. These factors are expected to gradually propel the growth of the regional tallow fatty market.
The Solid market dominated the South Africa Tallow Fatty Acid Market by Form in 2020thereby, achieving a market value of $1,248.6 million by 2027. The Liquid market is expected to witness a CAGR of 13.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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