Research Nester’s recent market research analysis on “Dodecanoic Acid Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global dodecanoic acid market in terms of market segmentation by type, application, and by region.

Growing Demand for Food Additives to Promote Global Market Share of Dodecanoic Acid

The global dodecanoic acid market is estimated to grow majorly on account of the increasing usage of food additives. Food additives are compounds that are mostly added to processed foods to enhance their sensory qualities, nutritional content, or shelf life. For instance, it is anticipated that between 2020 and 2025, the global consumption of food additives will increase at an average annual rate of more than 2%. This is expected to drive the demand for dodecanoic acid, also known as lauric acid, which is a chemical that is added to food to maintain both its nutritional value and its look.

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Some of the major growth factors and challenges that are associated with the growth of the global dodecanoic acid market are:

Growth Drivers:

Growing Pharmaceutical Sector
Rising Textile Industry
Challenges:

The growing usage of herbal products and the stringent regulations are some of the major factors anticipated to hamper the global market size of dodecanoic acid. As concerns and knowledge about the potential harm that manmade chemicals like phthalates, sulfates, and parabens may cause to the environment and human health have grown, more and more people are exploring the uses and benefits of soapberries and other home treatments such as Indian gooseberry, egg yolk, and curd.

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By application, the global dodecanoic acid market is segmented into food & beverage, textile, pharmaceutical, chemical, and cosmetics. The cosmetics segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Dodecanoic acid, often known as lauric acid is a brilliant white, powdery substance that is safe to use for cosmetic purposes and in the production of wetting agents, soaps, and alkyd resins. It is free of BSE, and allergens, helps the skin by reducing germs and inflammation, is often used to treat acne, and promotes skin restoration.

Additionally, by type, the distilled fatty acids segment is set to gain a noteworthy share during the forecast timeframe. Distilled fatty acid is a viscous, brownish-yellow liquid with a faint flavor that is widely used in industry to make soaps, detergents, and lubricants.

By region, the Asia Pacific dodecanoic acid market is to generate the highest revenue by the end of 2036. This growth is anticipated by increasing disposable personal income in the region. This as a result is driving up consumer demand for high-end cosmetics and personal care products in countries such as India and China. For instance, in 2024, the household disposable income per capita in India is predicted to amount to over USD 25.

Furthermore, the European dodecanoic acid market is poised to gain notable revenue in the coming years owing to the increased emphasis on sustainability. The European Union has established policies and initiatives like the European Green Deal and has also been one of the forefront proponents of the 2030 Agenda for sustainable development. Since dodecanoic acid is found in many vegetable fats and in coconut and palm kernel oils that are both equally efficient and sustainable, these aspects are anticipated to boost demand for the product in several end-use sectors in the region. For instance, the European Union has set an intermediate target of more than 50% reduction of greenhouse gas emissions from 1990 levels by 2030.

Additionally, the cosmetic industry in Europe has witnessed substantial growth over the years driven by the increasing focus on personal grooming and appearance. Europeans, are influenced by social media and fashion trends, has fueled the demand for innovative and diverse cosmetic products. Moreover, the growing awareness of skincare routines, the rising popularity of natural and sustainable beauty products, and the convenience of online shopping have transformed the way consumers access and purchase cosmetic products.

This report also provides the existing competitive scenario of some of the key players of the global dodecanoic acid market which includes company profiling of Agarwal Industries Private Limited, ExcelVite Sdn. Bhd., Kao Corporation, Wilmar International Limited, Oleon NV, Timur Oleochemicals, Lascaray S.A., Kraton Performance Polymers, Inc, and others.

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