The North America Tallow Fatty Acid Market would witness market growth of 10.6% CAGR during the forecast period (2021-2027).
Tallow fatty acids contain fats and calories and also helps in absorbing fat-soluble vitamins like A, D, E, and K. For maintaining proper health, it is necessary to select the appropriate fatty acid in the same amount as the nutrients. Thus, it is very tough to choose the appropriate unsaturated fatty acids which contain low cholesterol levels. In addition, trans-fats and saturated fatty acids are responsible for increasing unhealthy low-density lipoprotein cholesterol and reducing healthy high-density lipoprotein cholesterol. The unevenness in the level may lead to an increase in the risk of heart attack & stroke, atherosclerosis, and hypertension. Also, this imbalance causes health problems due to excessive consumption of unhealthy fatty acids.
North America is a well-developed region and comprises countries that have robust economies. Also, this region is witnessing a huge surge in the various markets existing in North America. People are more advanced and well aware of how to live a healthy life. The region is experiencing an increase in the demand for tallow fatty acids as it is widely used in various manufacturing industries like personal care, cosmetics, rubber, plastic, and food & beverages.
The growing demand for products that are healthy and rich in nutrients is accelerating the market of tallow fatty acid in this region. In addition, the regional government has implemented severe regulations regarding the maintenance of hygiene across the food & beverage and medical industry. Moreover, the use of tallow fatty acids in automotive manufacturing has also increased. Thus, the application of tallow fatty acids has increased, which is accountable to increase the growth of the regional tallow fatty acid market.
The USA market dominated the North America Monounsaturated Fatty Acid Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $16,408.4 million by 2027. The Canada market is experiencing a CAGR of 10.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 12.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Tallow Fatty Acid Market is Estimated to Reach USD 137.8 Billion by 2027 at a CAGR of 11.3%
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).
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