Global Natural Fatty Acids Market to Reach US$26.9 Billion by 2030
The global market for Natural Fatty Acids estimated at US$19.6 Billion in the year 2023, is expected to reach US$26.9 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2023-2030. Fractionated Fatty Acid, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$7.9 Billion by the end of the analysis period. Growth in the Distilled Fatty Acid segment is estimated at 5.5% CAGR over the analysis period.
The U.S. Market is Estimated at US$5.2 Billion While China is Forecast to Grow at 7.1% CAGR
The Natural Fatty Acids market in the U.S. is estimated at US$5.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.9 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.4% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.
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