USD 56.12 million
Report ID: SQSG15E2037 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 65 | Figures: 75
Global Linoleic Acid Market size was valued at USD 56.12 million in 2021 and is poised to grow from USD 61 million in 2022 to USD 129.24 million by 2030, growing at a CAGR of 8.7% in the forecast period (2023-2030).
Increasing environmental concerns for petrochemical goods, and the growing influence of bio-based materials, primarily for use in paints and coatings and adhesives applications, will drive the linoleic acid market. Product demand will be boosted by the increasing relevance of daily health management and the rise in personalized nutrition trends, as well as the growing desire for natural ingredients in nutritive products.
Linoleic acid is a polyunsaturated fatty acid that is required for hair, skin, and cognitive regulation. It can be made spontaneously by people or ingested with several food components. It is utilized in cooking oils, dietary supplements, and a range of industrial purposes. The acid has anticarcinogenic properties. Linoleic acid is well known in the market for its use in solvent-borne and hot melt adhesives, printing inks, adhesives and sealants, and graphic arts.
The appealing nutritional content of the product encourages its use in dietary supplements, which aids in weight loss and the retention of lean muscle mass. Rising obesity rates in the United States, Germany, and the United Kingdom are expected to boost consumer expenditure on supplements, which may favor linoleic acid demand, as a result of unstable meal patterns, long working hours, and a high acceptance rate of packaged food items.
US Linoleic Acid Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 56.12 million
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The global linoleic acid market is segmented based on grade, end-use, and region. Based on grade, the market is segmented into food grade and industrial grade. Based on end-use, the market is segmented into food, construction, personal care, adhesive & sealants, paint & coating, and others. Based on region, the global Linoleic acid market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Linoleic Acid Market Analysis by End-use
The global food and beverage ingredients industry held the largest market share in the year 2021 and is expected to grow more than 9% during the forecast period. Due to a paradigm shift in consumer consumption patterns and an increasing inclination for a healthy lifestyle. The growing health benefits of this substance are drawing its use in the flavoring, fragrance components, dairy, and baking industries which will drive the linoleic acid market. The product's demand is expected to expand as it aids in the prevention of type 2 diabetes, hypertension, and strokes. Because of its color stability, low rosin acid concentration, and other properties, it is used in adhesives and sealants. Administrations and associations are standardizing the emissions of adhesive goods to safeguard the environment, which will boost productivity growth in the Linoleic acid market due to their environment-friendly nature.
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In 2021, Asia-Pacific dominated the global market for linoleic acid and is expected to do so during the analysis period. The growing use of safety coatings and rapid drying of alkyl & epoxy resin coatings in Japan, India, and China are driving regional market expansion. Europe, led by Italy, France, Spain, and Germany, will expect significant increases in Linoleic acid demand. Rapid advancements in natural cosmetic components, together with rising consumer interest in natural anti-aging skin care products, are likely to drive Linoleic acid demand in Europe. Increased building activity, fueled by the expansion of public infrastructure projects, can stimulate demand for paints and coatings, contributing to the growth of the North American Linoleic acid market.
The Middle East and Latin America are predicted to grow slowly during the analysis period. Because of its application in dairy products, animal feed, and home care products, linoleic acid is predicted to be in high demand in Brazil. The growing knowledge of linoleic acid's health and medicinal benefits is driving market expansion.
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The Linoleic acid market is relatively fragmented, with a high level of competition. Few large players, like Avantor Inc., Eastman Chemicals, and BASF SE, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Linoleic Acid Market Top Player’s Company Profiles
Linoleic Acid Market Recent Developments
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According to our analysis, the product's appealing nutritional profile supports its use in dietary supplements, which aids in weight loss and lean muscle mass retention. As a result of irregular eating patterns, long working hours, and a high acceptance rate of packaged food items, rising obesity rates in the United States, Germany, and the United Kingdom are predicted to enhance consumer expenditure on supplements, which may promote linoleic acid demand. The linoleic acid market will be driven by rising environmental concerns for petrochemical goods and the expanding influence of bio-based materials, especially for usage in paints, coatings, and adhesives applications.
|Market size value in 2021||USD 56.12 million|
|Market size value in 2030||USD 61 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Linoleic Acid Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Linoleic Acid Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product ID: SQSG15E2037