Stearic acid has been widely used in the manufacturing of rubber, textiles, personal care products, detergents and construction. On the back of the extensive adoption of rubber in a number of industries, such as tires for enhancing the texture of final products, the stearic acid market has offered significant revenue streams.
Food Grade Stearic acid mostly extracted from coconut oil and palm kernel, which has the maximum potential. The manufacturing method includes the hydrogenation, at high pressure and temperature, of animal fat or vegetable oil treatment with water. A combination of stearic acid, oleic acid and palmitic acid is a commercial product.
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Its natural non-toxicity, lubricity, stability and shelf life are essential to a wide range of market applications for food grade stearic acid. The case in question is the manufacture of personal care goods. Acid has emerged as an effective lubricant for textiles, softener and plastics. In addition, it is used in shampoos, soaps as a primary ingredient.
Asia Pacific is expected to be one of the attractive markets for food grade stearic acid due to the rising demand for personal care items in developing markets such as India and China due to increasing changing lifestyle and disposable incomes.
Increased Demand for Food Grade Detergents and Soap Expected to Drive the Demand for Food Grade Stearic Acid Market
Coronavirus has spread quickly in many regions of the world, and is in absolute or conditional lockdown in a number of countries. During these periods, governments do their best to ensure the delivery of vital goods to the public.
Currently, food handling and safety are of paramount importance. There are a number of individuals that use methods such as washing vegetables and fruits in detergent or soap before consumption. The increased use of soap or detergent driving the growth of food grade stearic acid market across the globe.
Manufacturers of personal care goods are rapidly leveraging stearic acid’s thickening and binding properties. The key to expanding sales in the stearic acid market is a wide range of detergent and cosmetic applications of acid.
The use of food grade stearic acid in detergent and soap segment is expected witness significant growth during the forecast period. Together with edible margarine, body lotions are made of stearic acid, which is expected to help the growth of the food grade stearic acid market across the globel.
Food Grade Stearic Acid: Key Players
Some of the key players operating in the global food grade stearic acid includes
- BASF SE
- Wilmar International Ltd.
- Now Foods,
- Godrej Industries Ltd.
- Kao Corporation
- Pacific Oleochemicals Sdn Bhd
- Emery Oleochemicals Group
Food Grade Stearic Acid: Regional Analysis
North America holds the significant share in the global food grade stearic acid market. Most of the key players have strong business footprint in countries of North America. The Asia Pacific is expected to witness lucrative growth during the forecast period, owing to increasing demand from various end use industries such as, soap and detergent and personal care. Emerging Countries such as India, Japan and China are expected to emerge as major consumer for food grade stearic acid market.
The food grade stearic acid market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the food grade stearic acid market, including but not limited to: regional markets, raw material, application and distribution channel
The study is a source of reliable data on:
- Food grade stearic acid market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The food grade stearic acid market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the food grade stearic acid market report projects the attractiveness of each major segment over the forecast period.
Food Grade Stearic Acid: Market Segmentation
- Coconut Oil
- Palm Oil
- Sunflower Oil
- Soybean Oil
- Detergents & Soaps
- Cosmetics & Personal Care
distribution channel :
- Specialty Stores
- Convenience Store
- Online Retails
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Highlights of the Food Grade Stearic Acid market report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the food grade stearic acid market
- Recommendations to companies for strengthening their foothold in the food grade stearic acid market
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