Global Tallow Fatty Acid Market 2017-2021

Overview of the global tallow fatty acid market

Research analysis on the global tallow fatty acid market identifies that the increased demand for monounsaturated fatty acid will be one of the major factors that will have a positive impact on the growth of the market. Monounsaturated fatty acid contains C16 and C18 groups and is mainly used in the soap and detergent, and cosmetic industries. Manufacturers of the skin care and cosmetics industry produce various cleaning and grooming products using monounsaturated fatty acid as one of the main raw materials. It is gaining popularity among both manufacturers and consumers because it exhibits multiple benefits such as reducing the risk of stroke, heart diseases, and diseases like cancer. The consumption of monounsaturated fats benefit consumers by quickening the absorption of nutrients, especially the fat-soluble vitamins such as vitamin A, D, E, and K. Technavio's market research analysts predict that this global market will post a revenue of close to USD 3 billion by 2021.

Various industrialists of the food and pharmaceutical industries in North America are witnessing an increased application of tallow based fatty acid in the production process due to regulations by the government to maintain the hygiene. In addition, the demand for tallow fatty acid in the production of tires and other rubber-based parts will continue to increase in the region due to growth in the automotive industry. Furthermore, the rate of tallow fatty acid production is also witnessing growth due to the easy availability of tallow feedstocks.

Competitive landscape and key vendors