The global oleic acid market, valued at US$ 284.5 million in 2022, is projected to expand at a CAGR of 3.9% from 2022 to 2032, reaching approximately US$ 417.1 million by the end of the forecast period. This growth is primarily driven by increasing demand from key sectors including cosmetic & personal care, pharmaceuticals, and food & beverages. Oleic acid, also known as omega-9, is a versatile unsaturated fatty acid found naturally in animal and vegetable fats and oils, such as avocado, olive oil, and canola oil.
As the global oleic acid market continues to expand, fueled by diverse industrial applications and increasing consumer awareness of health benefits, stakeholders are advised to focus on sustainability and cost-efficiency to capitalize on emerging opportunities. Adapting to regulatory changes and exploring innovative uses of oleic acid derivatives will be key to sustaining growth in this dynamic market landscape.
Click Here to Request Your Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-3952
Key Takeaways
Oleic acid’s popularity is rising due to its anti-inflammatory properties and its incorporation into skincare products, aligning with the growing preference for natural and organic ingredients. The compound’s role extends beyond cosmetics, contributing to the health benefits associated with monounsaturated fatty acids (MUFAs), which help reduce cardiovascular risks.
Key Companies Profiled
Eastman Chemical Company; Berg + Schmidt; VVF L.L.C.; Klk Oleo Sdn. Bhd.; Emery Oleochemicals (M) Sdn Bhd; Wilmar International Limited; Oleon NV; White Group Public Co., Ltd; Godrej Industries
Regional Insights
Asia-Pacific: Dominating the global market, Asia-Pacific benefits from abundant natural resources and a burgeoning pharmaceutical and cosmetic industry, especially in China and India. Countries like Malaysia, Thailand, and Indonesia also contribute significantly to market growth.
North America: Following Asia-Pacific, North America’s market growth is supported by stringent regulations promoting bio-based ingredients in various industries. The region’s demand for pharmaceutical and food-grade oleic acid is expected to surge, driven by increasing consumer preference for natural food ingredients.
Europe: Growth in Europe is fueled by investments in downstream applications and the development of value-added oleic acid derivatives. The availability of kosher-grade oleic acid further boosts market expansion in this region.
Latin America, Middle East, and Africa: These regions are witnessing steady growth, driven by increasing adoption of oleic acid in diverse applications and the availability of specialized grades catering to different industry needs.
Contact Sales for Further Assistance in Purchasing this Report! https://www.futuremarketinsights.com/checkout/3952
Key Segments Profiled in the Oleic Acid Market Report Oleic Acid Market
By Sources, Oleic Acid Market is segmented as:
- Plant
- Animal
By Grade, Oleic Acid Market is segmented as:
- Food
- Pharmaceutical
- Kosher
- Regular
By Application, Oleic Acid Market is segmented as:
- Emulsifying Agent
- Lubricating Agent
- Surfactant
- Chemical Intermediate
- Others
By Region, Oleic Acid Market is segmented as:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube