H1 2023: In H1 2023, the Tallow Fatty Acid market in the Asia Pacific region witnessed mixed prices. In the Chinese market, Tallow Fatty Acid experienced a fluctuating price trajectory in Q1 2023. In early Q1 2023, manufacturing activities began to stabilize. Despite the expansion in the manufacturing sector after the Spring holidays in China, the purchasing activities were moderate. However, demand from downstream personal care & cosmetics and other end-use industries remained moderate and the prices of Tallow Fatty Acid declined in China. On the upstream side, high prices of raw material (animal fat) exerted downward pressure on Tallow Fatty Acid prices. However, in April, the Tallow Fatty Acid market witnessed an incline in the Chinese market. The high demand from the downstream soap & detergent industry, coupled with abundant product availability, contributed to a reduction in the product cost in China. Additionally, the price hike was influenced by higher cost of feedstock. This upturn was prompted by increasing interest by downstream sectors affected consumer purchasing activities. Raw material price in China experienced an incline in May and subsequently impacted the cost of Tallow Fatty acid China. Moreover, reduced demand from the Chinese market resulted in a price decline in June 2023.
The global Tallow Fatty Acid market stood at approximately 4400 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.7% during the forecast period until 2032. Tallow fatty acids constitute a group of fatty acids primarily sourced from animal fat, specifically of bovine origin. This family of acids encompasses a blend of saturated fatty acids, including myristic, palmitic, and stearic acids, alongside unsaturated counterparts such as palmitoleic, oleic, and linoleic acids. The marketing of these acids can either maintain the original fatty acid distribution found in tallow or undergo a preliminary partial hydrogenation before distillation, a process that enhances product stability. The choice between these methods depends on the intended use and application of the fatty acids.
In cases where total hydrogenation precedes distillation, the resultant product is animal stearic acid. Additional fatty acids present in smaller proportions include palmitic acid (1-3%), stearic acid (1-3%), oleic acid (4-7%), linoleic acid (5-8%), and linolenic acid (0-2%). The versatility in processing options allows for customization based on specific requirements, ensuring that the resulting fatty acids meet the desired specifications for various applications. Tallow fatty acids, derived primarily from animal fat with a focus on bovine sources, serve a multitude of applications across diverse industries owing to their distinctive chemical composition. In soap manufacturing, these fatty acids play a pivotal role, contributing to effective cleansing and lathering properties. Their presence is also prominent in the cosmetics and personal care sector, where they are integrated into formulations for skincare products, lotions, and creams, providing texture, stability, and moisturizing attributes. The versatility of tallow fatty acids extends to the production of plasticizers and lubricants, contributing to the flexibility and lubricating qualities of various plastic and rubber applications. Candle manufacturing benefits from their use to enhance burning characteristics and stability in wax formulations. In leather processing, these acids contribute to achieving desired textures, flexibility, and water resistance in the final leather product. Concurrently, the food and beverage sector employ tallow fatty acids as functional additives, assisting in the preservation and stabilization of food products.
The rising awareness of personal cleanliness, rising disposable income, economic development in emerging countries, and rising living standards in developing nations are the main factors driving the global tallow fatty acid market. Because tallow fatty acid has great conditioning and moisturizing qualities, it is being employed more and more in the formulation of soaps and detergents. It is also used in laundry soaps, where it gives the soap a firm bar-like structure and a creamy lather. The product's capacity to provide distinctive qualities like stability, gelling property, lubricating and anti-caking characteristics makes it popular in the rubber and plastics industries as well. The increasing market demand for tallow fatty acids is propelled by the growing need for these acids in the personal care industry, particularly in the production of shaving creams and related gels. The heightened awareness of personal care hygiene among consumers, coupled with a rise in disposable income, is expected to further boost the market for tallow fatty acids by driving the demand for personal care products. The global Tallow Fatty Acid market size is anticipated to reach nearly 6900 thousand tonnes by 2032.
Based on region, Asia Pacific region is the largest consumer of Tallow Fatty Acid and is positioned to assert dominance in the Tallow Fatty Acid market, fuelled by robust industrialization, economic growth, and a burgeoning consumer base. With an expanding population and shifting dietary preferences, there is a heightened demand for products requiring Tallow Fatty Acids, particularly in the animal feed and livestock sectors. The region's agricultural prominence, coupled with a growing awareness of sustainable practices, aligns well with the eco-friendly attributes of Tallow Fatty Acids, potentially driving increased adoption. Moreover, the Asia Pacific's well-established supply chains, logistical advantages, and proximity to key markets bolster its competitiveness in Tallow Fatty Acid production and distribution. As industries prioritize sustainability and cost-effectiveness, Tallow Fatty Acids, derived from animal fats, present a compelling solution, further solidifying the Asia Pacific region's pivotal role as a dominant force in the evolving Tallow Fatty Acid market landscape.
Based on the end-user industry, the global Tallow Fatty Acid market is divided into Cosmetics and Personal Care, Food and Beverages, Biodiesel, Soaps & Detergents, and Others. However, Cosmetics and Personal Care is the leading segment followed by the Soaps & Detergents industry.
Major players in the Global Tallow Fatty Acid market are Australian Tallow Producers, Baker Commodities Inc., Cailà & Parés S.A., Jacob Stern & Sons Inc., Parchem Fine & Specialty Chemicals, Vantage Specialty Chemicals Inc., and others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Tallow Fatty Acid which covers production, demand and supply of Tallow Fatty Acid market in the globe.
• To analyse and forecast the market size of Tallow Fatty Acid
• To classify and forecast Global Tallow Fatty Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Tallow Fatty Acid market in the globe.
To extract data for Global Tallow Fatty Acid market, primary research surveys were conducted with Tallow Fatty Acid manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Tallow Fatty Acid market over the coming years.
ChemAnalyst calculated Tallow Fatty Acid demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Tallow Fatty Acid. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Tallow Fatty Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Tallow Fatty Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Tallow Fatty Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Tallow Fatty Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
4400 thousand tonnes
Market size Volume in 2032
6900 thousand tonnes
Growth Rate
CAGR of 4.7% from 2023 to 2032
Base year for estimation
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Cosmetics and Personal Care, Food and Beverages, Biodiesel, Soaps & Detergents, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Tallow Fatty Acid in terms of volume in 2022?
Ans:
The global market size of Tallow Fatty Acid had reached approximately 4400 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Tallow Fatty Acid?
Ans:
Asia Pacific region is the leading consumer of Tallow Fatty Acid globally.
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