The market is divided into three categories: Type, Source, and Application. By 2030, the North American Fatty Acid market is anticipated to reach USD 25,200.03 million, with a compound annual growth rate (CAGR) of 8.40% from 2022 to 2030.
The market for fatty acids is experiencing a significant expansion in North America. Fatty acids are in high demand in a variety of industries due to their role as a carboxylic acid and a critical component of lipids. Fatty acids are utilized in a diverse array of products, such as fuel additives, foods, beverages, lubricants, and medications. The necessity of fatty acids in food and beverages, the rise in health problems, the numerous health benefits of unsaturated fatty acids, and the ease with which they can be absorbed on friction surfaces have all contributed to the increased demand for fatty acids in North America. These factors will result in an even greater increase in demand in the years ahead. Consequently, to satisfy this requirement for fatty acids, a multitude of organizations are introducing new products in North America.
Market Segmentation
The US and Mexico Fatty Acid Market has been segmented into three categories: saturated, monounsaturated, and polyunsaturated.
The US and Mexico fatty acid market has been divided into two categories: animal and plant, as indicated by the source.
The market has been segmented into five categories: Food & Beverages, Animal Feed, Pharmaceuticals & Nutraceuticals, Personal Care, and Others. This division is based on application.
Major Players
The key players in the fatty acid market of the United States and Mexico are Vantage Specialty Chemicals, Inc. (US), BASF Group (Germany), Kraton Corporation (US), Aker BioMarine (Norway), Ashland Global Holdings Inc. (US), Vibrantz Technologies (US), Eastman Chemical Company (US), Proviron (Belgium), and GJ Chemicals (US).
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