Global Fatty Esters Market to Witness Growth Driven by Food Processing Applications and Reach $3 Billion by 2025 - Market Research Report (2019-2025) by Industry Experts, Inc.
Industry Experts, Inc. published the new market research report " Fatty Esters – A Global Market Overview ". Analysts at Industry Experts, Inc. estimated that the global market for Fatty Esters in 2019 to reach US$2.25 billion and projected to grow by a CAGR of 4.9% during 2019-2025. While esters are chemical compounds obtained from acids by replacing at least one –OH (hydroxyl) group by –O–alkyl (alkoxy) group, fatty esters or fatty acid esters are varieties of esters that are derived by combining fatty acids and alcohols. Fatty acid esters, also called oleochemical substances, find wide application in the food, cosmetics & personal care, lubricant, surfactant and pharmaceutical sectors, among others. Food Processing is the principal application for Fatty Esters on a global basis, the market for which is forecast to be US$830.7 million in 2019 and is anticipated to exhibit a CAGR of 5% between 2019 and 2025 and reach a projected US$1.1 billion by 2025. This re...