Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWSIntroduction to Artificial Trans Fat
Artificial trans fat is a by-product of a chemical process called hydrogenation, which is used to turn vegetable oils into solids to improve shelf life. This chemical process changes the degree of saturation of the fat and converts the liquid oils into solid or semi-solid form. Artificial trans fat is relatively cheap, imparts a desirable taste to food, preserves foods and make them less likely to spoil. They are found in most of the commercially available fried and baked foods as well as in cosmetic products as a key ingredient. The amount or percentage of artificial trans fat in a particular packaged food can be determined by reading the nutrition facts panel.
Market Size and Forecast
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. The artificial trans fat market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The 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. CLICK TO DOWNLOAD SAMPLE REPORT
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.
Restraints
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.
Market Segmentation
Our in-depth analysis of the artificial trans fat market includes the following segments:
By Form
By Application
By End User
By Region
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.
The market for artificial trans-fat in Europe is anticipated to hold the largest share in the market on account of presence of leading market players in the region which manufacture and market artificial trans fat. 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.
The artificial trans-fat market is further classified on the basis of region as follows:
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