The Europe Tallow Fatty Acid Market would witness market growth of 10.9% CAGR during the forecast period (2021-2027).
Tallow fatty acids find their uses in industrial cleaners, personal care, oil field consumption, resins, and rubber & textile industries. It is an animal by-product, a purified form of mutton fat or beef, and also contains triglycerides. This acid is used to make soap, animal food and also utilized for the production of bio-diesel as the other oils are produced from plants. The pharmaceutical industry is experiencing excessive usage of fatty acids, which is anticipated to offer opportunities to tallow fatty acids in the coming years. In addition, this industry prepares tablets and dietary supplements in which they commonly use calcium and magnesium stearates as lubricants.
In Europe, the industries like rubber and plastic are growing at a faster rate due to which the application and demand for tallow fatty acid have increased in these industries. Tallow fatty acids find its excessive usage in these industries because it offers stabilizing, gelling, and lubricating properties. The population in this region is getting more aware about the healthy products due to which the demand for products containing tallow fatty acid is increasing.
Tallow fatty acids help the human body to absorb fat-soluble vitamins like A, D, E, and K from the food. Therefore, people are including such products in their diet so that they can gain an appropriate amount of nutrients. Also, it helps to keep skin healthy & soft and thus, is significantly used in the soap and personal care industries. Hence, these factors are attributed to increasing the demand for tallow fatty acids, thereby pushing the growth of the regional tallow fatty acid market.
The Germany market dominated the Europe Liquid Market by Country in 2020, thereby, achieving a market value of $2,897.1 million by 2027. The UK market is exhibiting a CAGR of 10.4% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 12.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Tallow Fatty Acid Market Size will Hit $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).
By Type
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