Headway: Research Report 2020 with Demand Forecasts of Coconut Oil-Based Fatty Acids Market
Pune, Maharashtra,India, November 9 2020 (Wiredrelease) Origius Systems Private Limited –:Research Dive recently added a report with the offering title “Coconut Oil-Based Fatty Acids Market, by product type (Whole Coconut Fatty Acids, White Coconut Fatty Acids), End-Use Industry (Food & Beverage Industry, Personal Care & Cosmetic Industry, Textile Industry, Pharmaceutical Industry, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026”
The global coconut oil-based fatty acids market is estimated to generate a revenue of $8900 million at a CAGR of 4.71% during the forecast period, according to Research Dive.
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Asia-Pacific region is predicted to generate the highest market share during the forecasted period. The huge number of coconut production in Asian countries such as India, Indonesia, or Philippines is definitely going to boost the coconut oil-based fatty acids market in the region.
Inclination towards western culture, disposable income, and the impact of changing lifestyles are some of the main driving factors for the boost in the demand for cosmetic products in Asian countries.
Key Segments of the Market
The report has divided the market based on product type, end-use, and regional analysis.
In the product type, white coconut fatty acids segment will become the most lucrative. White coconut fatty acids are used in household care such as an additive in cleaners. Also, these fatty acids are used in fiber lube, textile chemicals, and personal care products such as an additive in body washes & shampoos.
In the end-user segment, personal care segment is estimated to earn the highest revenue in the upcoming years. The growing popularity of natural products for hair and skincare is also projected to drive this segment.
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The surge in the demand for bio-based eco-friendly products in the personal care and cosmetic industry is one of the major factors driving the growth of the coconut oil-based fatty acids market. Another factor is the growth in surfactant consumption. Moreover, demand for dietary supplements and natural foods is another reason behind the growth of the coconut oil-based fatty acids market.
Governmental regulatory agencies across countries are still skeptical about the advantages of the consumption of coconut oil-based fatty acid which is restraining the growth of the global market.
Coconut oil-based fatty acids have tremendous varieties of applications such as in healthcare, food & beverages and many others. The newly invented premium quality coconut perfume oil is becoming popular in the global market. These factors are creating many opportunities for the industry.
Key players of the market
According to the report, the most significant players of the global coconut oil-based fatty acid market include Kuala Lumpur Kepong Berhad, Univar Solutions Inc., Vantage Specialty Chemicals, Kao Corporation., Henry Franc SAS, Godrej Industries Limited, Twin Rivers Technologies, Inc., Timur OleoChemicals., Redox, Cailà & Parés, and many more.
The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and recent strategic developments.
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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