
Global Fatty Acid Esters Market was valued at USD 1,830.2 million in 2014 and is expected to reach USD 2.44 billion by 2022, with a CAGR of 4.6%. In the food industry, Medium chain triglycerides (MCT) are used in weight loss programs as they have fat-burning properties and low calorific content.
The natural ingredients used in lotions and creams for infant care, hair, and skin, helps in substituting synthetic and toxic chemicals which are harmful for the personal use.
In addition, rising living standards and declining edible oil prices are other drivers projected to fuel the growth of global fatty acid ester market.The market on the basis of the product is segmented into isopropyl esters (isopropyl myristate and isopropyl palmitate), glycerol monostearate (GMS), medium chain triglycerides (MCT), and other esters such as sucrose, polyol, and emollient.
GMS is expected to hold the largest market share owing to the high usage in food industry mainly for frozen foods and ice creams as thickening agent and emulsifiers. Food industry is estimated to have tremendous growth in coming six years owing to the increasing consumption of these esters in various processed foods.