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Artificial Trans Fat Market size is anticipated to grow at substantial growth rate during the forecast period i.e., between 2024-2036. Rising applications of artificial trans fat as an ingredient in edible products such as packaged snacks to expand shelf-life and growing demand for cosmetics, body care, and skin care products as well as biodiesel are some of the significant factors boosting the market growth.
Growth Drivers
Rapidly Growing Cosmetic Industry to Boost the Market Growth
Owing to the requirement of artificial trans fat as an essential component in cosmetics and personal care products has led to a significant rise in demand for artificial trans fat. Moreover, owing to their stable nature and ability to thicken any liquid, they are commonly used in body care, skin care, massage oils and other similar products. According to Cosmetics Europe, The Personal Care Association, the European cosmetics market was valued at 78.6 billion Euros at retail sales price in 2018 and there are at least 77 scientific innovation facilities in Europe that carry out research in relation to cosmetics and personal care. Further, the presence of artificial trans fat in skin care products helps in skin treatment such as dry skin, scars, aging and acne. These factors are anticipated to significantly expand the artificial trans fat market.
Rising Demand for Biodiesel to Drive the Market Growth
Improvements in advanced technologies and innovations are boosting the commercial value of artificial trans fat to explore opportunities in development of biodiesel production. A huge quantity of biodiesel, which is a diesel substitute, is made from the artificial trans fat through a chemical process. Furthermore, continuing use of artificial trans fat in the food processing industry to increase the shelf life of packaged food products is fuelling the growth of artificial trans fat market. Additionally, they are convenient to reuse for deep-fry which gives food a desirable taste and texture. On the back of these factors, the global artificial trans fat market is predicted to grow over the forecast period.
Challenges
Regulatory Prohibitions and Health Disorders to Hamper the Market Growth
Regulatory bodies such as United States Food and Drug Administration (FDA) have declared the usage of artificial trans fat in the food and beverages as unsafe which may negatively affect the market growth. Further, the consumption of artificial trans fat in cooking results in generation of bad cholesterol in the body which can give rise to health hazards such as obesity and heart diseases. This is estimated to hinder the growth of artificial trans fat market in the future.
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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Regional Scope |
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The artificial trans fat market is segmented by application into cosmetics, food processing and others. Among these segments, the segment for cosmetics is anticipated to hold the leading share in the market on account of presence of large number of prominent companies involved in the production of cosmetic grade artificial trans fat for application in cosmetics, skincare and body care products.
Our in-depth analysis of the global market includes the following segments
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By Form |
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By Application |
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By End User
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On the basis of regional analysis, the artificial trans fat market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Europe industry is estimated to dominate majority revenue share by 2036, owing to rapidly growing cosmetic industries along with the rising demand for cosmetic and personal care products in the region. Moreover, the rapidly growing cosmetic industries along with the rising demand for cosmetic and personal care products in this region, further increases the product demand. The market in Asia Pacific is predicted to grow at the highest rate during the forecast period as a result of increasing biodiesel production owing to the huge requirement of artificial trans fat in biodiesel production process. Additionally, the extensive growth in catering services further raise the demand for artificial trans fat.
Author Credits: Parul Atri
Copyright © 2024 Research Nester. All Rights Reserved
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