Report Code: A15915 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Fatty Acid Ester Market
Request Now !Fatty acid esters are ester produce via the reaction between alcohol and fatty acid. They are widely used across a wide range of applications due to their lubricating, resistance to oxidation, and solvency properties. Fatty acid esters are derived from vegetable oils and animal tallow. Rapidly growing demand of the derivatives of fatty acid esters in numerous end-use industries is anticipated to strengthen its current demand during the estimated period. On account of their natural properties concerning emulsion stabilization is expected to be among the most essential components of the food & beverage and personal care industries. Due to their superior properties of emulsification, the derivatives of fatty acid esters especially the monoglycerides have witnessed varying applications as parts of liposomal and nano- formulations in the pharmaceutical industry for drug delivery systems. The high cost of the fatty acid esters coupled with the high cost of procuring raw materials is expected to hamper the growth of this market in the near future.
Covid-19 Impact Analysis
Top Impacting Factors
Rising geriatric population is expected to boost demand for natural ingredients, such as FAEs, in the pharmaceutical sector to treat gastrointestinal and other diseases. In addition, increasing demand for natural ingredients with low calorific content to promote weight loss and to adhere to the changing perceptions of beauty and appearance is expected to boost product consumption over the forecast period. Rising cases of obesity, particularly in the developed nations on account of sedentary lifestyles and growing dependence on technology, are likely to promote the product demand in the food processing industry.
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