Tallow Fatty Acids Market Size & Share 2017 - 2024
Market Size by Product (Saturated [Stearic Acid, Myristic Acid, Palmitic Acid], Monounsaturated, Polyunsaturated), by End User (Soaps & Detergents, Rubber, Plastics, Personal Care Products), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast.
Report ID: GMI1538
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Published Date: April 2017
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Report Format: PDF
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Authors:
Kiran Pulidindi, Kunal Ahuja
Tallow Fatty Acids Market Size
Tallow Fatty Acids Market size was more than USD 2.5 billion in 2016 and is estimated to witness growth more than 2.5% over the projected timespan.
Increasing soaps and detergents demand across the globe will be the major factor propelling the global tallow fatty acids market size over the forecast timespan. The product (stearic acid, palmitic acid and oleic acid) are majorly used in manufacturing soaps and detergents, thus elevating soaps and detergent business will subsequently boost the overall industry size by 2024. For instance, the product is majorly used in the soaps to provide creamy lather along with superior conditioning properties. In addition, the global cleaning product market revenue in 2013 was more than USD 60 billion and is projected to exceed USD 100 billion by 2024. Furthermore, prevalence of favoring regulations regarding cleanliness and hygiene in the food & beverage and manufacturing industries will proliferate the global tallow fatty acids market size by 2024.
Positive growth indicators in the rubber and plastics industry will stimulate the overall tallow fatty acids market share in the coming years. The product is widely used in the rubber and plastics industry on account of its ability to offer stabilizing, lubricating, gelling, and anti-caking characteristics. For instance, across rubber processing the product (stearic acid) is used anti-tacking and vulcanization agents and in plastics it is used as additives. Thus, escalating rubber and plastic demand from various end-user industries such as packaging, building & construction, automotive and electronics will drive the global tallow oil fatty acids market size in the near future.
Drifting industry trends of manufacture soaps and detergents from vegetable oils over the product may hamper the global tallow oil market size over the forecast timeframe. For instance, the product faces stiff substitution threat from palm oil. In addition, palm oil production is comparatively low and is thus preferred in the business. However, rising product applications in industries such as food & beverage, pharmaceuticals and personal care will create new growth avenues for the overall tallow oil fatty acids market by 2024. For instance, the product is classified as GRAS (Generally Recognized As Safe) by the FDA for its use in food products such as candies.
Tallow Fatty Acids Market Analysis
Saturated tallow fatty acids market size is forecast to exhibit gains more than 2% CAGR from 2017 to 2024. The product has long chains of carboxylic acid with 12 to 24 carbon atoms, which are saturated with hydrogen. It is majorly used in production of soaps & detergents, rubber & plastics, oilfield chemicals and pharmaceuticals. Thus, strong demand for these products will subsequently boost business growth.
Monounsaturated tallow fatty acids market share led the global business in 2016. These are majorly use in used in manufacturing soaps and cosmetics. Increasing cosmetic demand on account of increasing consumer focus towards personal wellbeing will positively impact on the global monounsaturated tallow fatty acids market size in the coming years.
The global tallow fatty acids market size for soaps and detergents was more than USD 500 million in 2016. The product owing to its high conditioning and moisturizing properties is mainly used in manufacturing soaps. Thus, robust growth in the cleaning and detergents industry on account of improving consumer lifestyle dynamics is analyzed to be the major factor propelling the industry size.
Rubber applications is forecast to witness growth more than 2% over the forecast period. The product primarily used as stabilizing agents and are effective lubricants which reduce adhesion between unvulcanized rubber layers. It also helps in improving the rubber-metal adhesion, which is an essentially required in manufacturing tires. Increasing automobile manufacturing and sales will increasing product demand for tire manufacturing, which we subsequently drive the global tallow fatty acids market size by 2024.
North America tallow fatty acids market size was more than USD 950 million in 2016. Prevalence of strict government regulations in order to maintain hygiene across food & beverage and medical industry will is a prime factor propelling industry growth in the region. Strong automotive manufacturing and sales is another factor pushing the regional industry for rubber applications. Furthermore, increasing plastic demand in the region due to prevalence of substantial end-user industries such as automotive, electronics, etc. will complement regional growth.
Asia Pacific is forecast to experience prominent growth over the forecast timeframe. Positive growth indicators in the regional FMCG sector is the chief factor driving the overall industry growth in the region, as soaps and detergents are one of the important consumer goods. Escalating automotive manufacturing and sales in China, India, Japan and Indonesia is one amongst the major factor propelling the regional growth. In addition, prominent growth in the regional end-user businesses such as electronics and construction has substantially stimulated the overall rubber and plastic demand in the region, which in turn proliferates the tallow fatty acids market size in the region.
Tallow Fatty Acids Market Share
Tallow fatty acids market share is highly fragmented with top product manufactures accounting less than 30% of the overall industry chunk in 2016. Prevalence of various small and medium scale product manufacturers makes the industry competitive. Key industry share contributors include
Tallow Fatty Acids Industry Background
Tallow fatty acids are oleochemicals which are derived from animal fats. Different animal fats types such as mutton tallow and beef tallow are used for product manufacturing. Rising soaps & detergents products demand will be the major factor driving the tallow fatty acids market size by 2024. Additionally, increasing use of the product in the rubber and plastics industry shall contribute towards business growth. However, drifting product manufacturers preferences from animal based raw materials to vegetable based may hamper industry growth over the projected timeframe.
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
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Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →