Coconut Fatty Acids Market

Coconut Fatty Acids Market Outlook

The global coconut fatty acids market is expected to exceed a valuation of US$ 5.5 Bn by the end of 2032, in comparison to the US$ 3.8 Bn in the year 2021. The sales of coconut fatty acids in the market are projected to create an incremental opportunity of over 4 Bn by 2022, rising at a CAGR of nearly 4% to 5% during the forecast period 2022-2032.

Coconut fatty acids are types of fatty acids derived from coconut oil using hydrolysis and distillation processes. These fatty acids majorly comprise of lauric acid, and saturated fatty acids such as stearic, capric, palmitic, caprylic, and myristic acids. They are of white to pale yellow color and contain small proportions of unsaturated fatty acids.

What are the Key Opportunities Elevating the Sales in the Global Coconut Fatty Acids Market

Coconut fatty acids assist in hydrating, minimizing wrinkles & fine lines, moisturizing, smoothening, and protecting skin from pollution and UV rays. Attributed to these benefits, they are garnering immense popularity across the personal care & cosmetics industry.

Also, due to their high antioxidant, anti-inflammatory, anti-fungal and anti-microbial properties, they are increasingly being used in numerous personal care & cosmetics products such as body lotions, face creams, moisturizers, sunscreen, soaps, and others. Hence, rapid expansion of the personal care & cosmetics industry and increasing sales of aforementioned products are expected to create lucrative opportunities for growth in the global coconut fatty acids market.

What are the Constraints Faced by the Coconut Fatty Acids Market

Although there are numerous advantages associated with coconut fatty acids, high risk of heart and kidney-related diseases due to the consumption of coconut fatty acids, having high cholesterol and large amount of potassium is hampering the sales across food & beverage segment.

In addition to this, growing cost of raw material i.e. coconut, and presence of alternatives such as palm kernel fatty acids, and castor oil fatty acids in the market are impeding the sales of coconut fatty acids.

What is the Sales Prospect of Coconut Fatty Acids Market in the South Asia Market

As per a study by FMI, South Asia is projected to exhibit growth at a robust CAGR in the global market for coconut fatty acids between 2022 and 2032.

Governments in several countries are emphasizing on undertaking various initiatives and launching favorable policies for textile manufacturers to increase the overall country’s exports. Hence, leading industry players are focusing on making heavy investments to increase their textile production capacity to capitalize on the favorable polices.

For instance, in 2019, Pallavaa Group, an India-based textile manufacturer announced investing over US$ 65 Mn for expanding its textile production capacity in Tamil Nadu, India. As coconut fatty acids are extensively used in textile production, a slew of such developments is anticipated to favor the growth in the market.

Nandini Roy Choudhury

Principal Consultant

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Why is North America Emerging as a Highly Lucrative Coconut Fatty Acids Market

North America is estimated to account for a significant revenue share in the global coconut fatty acids market during the forecast period 2022-2032.

Demand for cosmetics and personal care products such as soaps, body creams, anti-aging creams, sunscreen, and others are increasing at a rapid pace, driven by the growing consumer spending on hygiene and enhancing body aesthetics. Hence, key industry players are aiming at introducing novel products and expanding their production capacity to cater to the surging demand.

As coconut fatty acids are extensively used in aforementioned products for improving consistency, and texture, due to their excellent emulsification and foaming properties, accelerating demand for these products is expected to propel the demand in the North America market.

Market Competition

Some of the leading players in the coconut fatty acids market are Godrej Industries Limited, Timur Oleochemicals Malaysia Sdn. Bhd., Henry Franc SAS, Redox Pty Ltd, Cailà & Parés, Univar Inc., Kao Corporation, Vantage Specialty Chemicals, Inc., Twin Rivers Technologies, Inc., others.

Attributed to presence of a large number of participants and increasing adoption of production capacity expansion, mergers & acquisitions strategies, the market is highly competitive,

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Report Scope

Key Segments Profiled in the Coconut Fatty Acids Market Survey

By Product Type:

• Whole Coconut Fatty Acids
  • Hydrogenated
  • Unhydrogenated
• White Coconut Fatty Acids
  • Low IV
  • Stripped Low IV

By Functions:

• Emulsifier
• Additives
• Surfactant
• Cleansing Agent
• Lube
• Foaming Agent
• Others

By End Use:

• Food & Beverage Industry
• Personal Care & Cosmetic Industry
• Textile Industry
• Pharmaceutical Industry
• Paints & Coatings Industry
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa