LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Fatty Acids Market Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the chemicals industry. This report breaks down the data and analysis behind the procurement of fatty acids and acts as an all-inclusive guide for making smart purchasing decisions.
“The growth of end-user industries, such as soaps and detergents, personal care, food and beverage, and construction will drive the growth of the fatty acids market,” says SpendEdge procurement analyst A Kowshik. “The market in APAC is witnessing a promising growth with emerging economies observing a high growth rate in the processed food and beverage market,” added A Kowshik.
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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Fatty Acids Market:
- Increasing supplier focus on alternative methods of fatty acid production
- Growing adoption of tallow-based fatty acids
- Increasing sustainable sourcing of palm-oil-based fatty acids
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Increasing supplier focus on alternative methods of fatty acid production
In the fatty acids market, factors such as declining availability of raw materials and environmental concerns regarding deforestation led the suppliers to focus on alternatives. This helps the suppliers offer a cost-effective and steady supply of the products.
Growing adoption of tallow-based fatty acids
Tallow-based fatty acids are derived from animal fat and are used in soaps and detergents, surfactants, lubricants, and personal care products. The growth in the supply of tallow-based supply acids is mainly attributed to its extensive use in suitable applications.
Increasing sustainable sourcing of palm-oil-based fatty acids
Globally, the buyers in the fatty acids market prefer suppliers who offer sustainably sourced palm oil. This further helps in the reduction of deforestation, environmental pollution, and carbon footprint.
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