Fatty Acid Market - Forecast (2022 - 2027)
Fatty Acid market size is forecasted to reach US$12,917.6 million by 2026, after growing at a CAGR of 5.5% during 2021-2026. A fatty acid is an important component of lipids present in plants, animals, and microorganisms. The growing demand from the personal care and home care industry is one of the major factors supporting the market growth during the forecast period. Fatty acids are widely used in the production of soaps and detergents products in the home care sector. Increasing awareness about the benefits of a healthy lifestyle and growing consumer preference for a healthier diet is anticipated to accelerate the market during the forecast period. Growing demand for omega-3 and omega-6 fatty acids among the food & beverage industry is triggering market growth. However, fluctuating supply and prices of feedstock materials are likely to hamper the market during the forecast period. COVID-19 Impact During the global pandemic, Covid-19, the demand for fatty acids decreased due to ...