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Global Palm Fatty Acid Distillate Market Insight2022-01-28 Comments
The Palm Fatty Acid Distillate is forecast to stable increase over the next few years. According to the WK-chem Research “Global Palm Fatty Acid Distillate Professional Survey Report 2022, Forecast to 2027”, With the rapid improvement of Health Supplements and Cosmetics industry and the impact of the COVID-19, The chemical and materials industry is developing at an optimistic speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.31% base on WK-chem Research regression analysis model.
“Palm fatty acid distillate is a by-product of palm oil production.” said Aggie, Senior analyst, Chemistry & Materials Market Research Center in WK-chem Research. “改进 to adapt to the rapid development of the market.”
PFAD (Palm Fatty Acid Distillate) is a by-product of the physical refining of crude palm products and consists of free fatty acids (81.7%), glycerides (14.4%), squalene (0.8%), vitamin E (0.5%), sterols ( 0.4%) and other substances (2.2%). PFAD is used as a raw material in the animal feed and laundry soap industries as well as in the oleochemical industry. Vitamin E, squalene and phytosterols are value-added products that can be derived from PFAD, with potential value to the nutraceutical and cosmetic industries.
Due to the uncertainty of crude oil prices and competition from vegetable oils used in food, alternative feedstocks for biodiesel production must be investigated. The study found that palm fatty acid distillate (PFAD), a by-product of palm oil refineries, can be used as a feedstock for biodiesel. FFA) content, which is an inexpensive low-quality raw material. To some extent promote the market of this product.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Palm Fatty Acid Distillate companies that include FGV Holdings、Wilmar International、Sime Darby Plantation、IOI Group、RGE Group、Golden Agri Resources、Musim Mas、Astra Agro Lestari、Genting Plantations、First Resources、Indofood Agri Resources、Sarawak Oil Palms Berhad、Future Prelude、Permata Hijau Group.
Segmentation of Palm Fatty Acid Distillate Market:
Based on the product type, the product can be classified according to use into industrial grade and food grade, industrial grade palm fatty acid distillate is refined from crude palm oil and other vegetable oils extracted from plant seeds. Palm fatty acid distillate can be a blend or pure product, food grade palm fatty acid distillate is a type of fat found in nature, made from vegetable oils, including oilseeds and nuts. It has been used as an edible ingredient in food processing, mainly due to its high oxidative stability and less saturated carbon chains, which can be easily hydrogenated into unsaturated fats. Palm fatty acid distillate is also lower in magnesium, calcium, and magnesium salts than table salt, so it can be better used in food. The global industrial grade market mainly affects the market growth rate of this product.
Based on product application, the market is segmented into soap industry, animal food industry, cosmetic industry, biodiesel, and others. Palm fatty acid distillates are used as emulsifiers in the soap industry. It can be used to make hand sanitizer, dishwashing liquid and other types of soap. Palm fatty acid distillate provides soap with a lathering effect, thereby enhancing its efficacy by removing dirt from the skin or utensils. At present, it is frequently used in the soap industry and occupies a major consumer market. With the deepening of industry research, the use of biological raw materials will increase the market share.
Palm Fatty Acid Distillate Market: Regional Analysis
In terms of geography, the global Palm Fatty Acid Distillate market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The North American market holds a significant position in the world Palm Fatty Acid Distillate industry and is expected to dominate the global market throughout the forecast period. The Asia Pacific region will be an attractive destination for both local and foreign investors due to the increasing demand from various application sectors such as soap industry, animal food industry due to rapid industrialization. The growth of the regional market can be attributed to the growing population along with rising levels of disposable income and technological advancements that have expanded consumer preference for premium products, in addition, owing to the presence of untapped markets, especially in India, China And developing countries such as Vietnam, it offers great potential for players operating in the industry, and the presence of untapped markets will also create opportunities for players within the industry.
Largest share area：North America
Largest share country：the Unite States
Product Type(by use)：industrial grade and food grade
Application：soap industry, animal food industry, cosmetic industry, biodiesel, and othersLeading Company：FGV Holdings、Wilmar International、Sime Darby Plantation、IOI Group、RGE Group