20-Sep-2022 | Facts and Factors
According to Facts and Factors, the Global oleic acid market size was worth around USD 167.14 million in 2021 and is predicted to grow to around USD 408 million by 2028 with a compound annual growth rate (CAGR) of roughly 9.2% between 2022 and 2028.
Oleic acid is an essential oil that is derived from olive oil, sunflower oil, and other oils. It has many uses in the food industry, including as a flavorant and emulsifier. Demand for oleic acid is increasing because it is used to make biodiesel and other renewable fuels. The main reasons for increased production of this fatty acid include rising demand from food manufacturers for healthier fats, enhanced production technologies, and economic improvements in some countries. Increased demand from food manufacturers is responsible for a majority of the growth in production since 2010. Improved production technologies, such as microorganisms that are able to naturally produce high levels of oleic acid, also play a major role in the growth of this fatty acid.
Browse the full “Oleic Acid Market Size, Share, Growth Analysis Report By Origin (Plant and Animal), By Grade (Food, Pharmaceutical, and Technical), By End Use (Food & Beverages, Textiles & Leather, Cosmetics & Personal Care, Pharmaceuticals, Chemical Intermediates, Automotive, Paints & Coatings, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/oleic-acid-market
A variety of factors are driving the demand for oleic acid. These include the expanding market for cosmetics and dietary supplements, as well as the increasing popularity of natural foods and sustainable manufacturing practices. Oleic acid is also being used as a component in alternative energy sources and aerospace technology.
Several companies are currently exploring ways to increase the production of oleic acid. These include sites located in China and Argentina. Many other companies are looking into alternative methods of obtaining oleic acid, such as synthetic routes that use renewable resources.
The growing popularity of natural oils and fats is also increasing the demand for oleic acid. These oils and fats are obtained from plants rather than from processed foods, which means that they contain more nutrients and antioxidants. Consequently, these oils and fats are liked by many people because they provide valuable health benefits without any harmful side effects.
The increasing number of people with chronic diseases such as heart diseases, cancer, and diabetes are facing increased demand for oleic acid. These chronic diseases put a great strain on the body’s ability to process and use food properly, which in turn can lead to an increased need for this essential fatty acid.
Advancements in technology have made it easier for people to obtain health-related information, which has led to increased awareness of oleic acid and its importance. For example, doctors are now recommending supplements containing oleic acid to patients with conditions like heart disease.
The global oleic acid market is segmented based on origin, grade, end-use, and region.
By origin, the market is segmented into plant and animal. Wherein, the plant-based oleic acid is dominating the global market thanks to the increasing demand for plant-based products and an increase in research & development of alternatives to animal-derived products, demand for oleic acid is on the rise. Oleic acid, which is primarily found in olive oil, has a wide range of applications in food and cosmetic manufacturing.
By grade, the global market is divided into food, pharmaceutical, and technical. The food segment is dominating the global oleic acid market. The demand for oleic acid, a monounsaturated fatty acid notorious for its anti-inflammatory properties, is growing rapidly in the food and cosmetic industries. Oleic acid is found in olive oil, flaxseed oil, and butter, and is used as a flavor enhancer and preservative in a variety of food products. Oleic acid has also been shown to be effective at reducing the appearance of skin wrinkles and age spots.
Asia Pacific is the largest and fastest growing market for oleic acid. Over the past decade, the demand for oleic acid has increased significantly in Asia Pacific countries. This is due to the increasing popularity of processed foods, which are major sources of oleic acid. In addition, there is an increasing demand for medical applications of oleic acid owing to its anti-inflammatory properties. The key countries expected to drive this growth are China, India, and Japan. China is the largest consumer of oleic acid globally.
Market Size in 2021
USD 167.14 Million
Projected Market Size in 2028
USD 408 Million
CAGR Growth Rate
Key Market Players
Wilmar International Limited, Emery Oleochemicals (M) Sdn Bhd., Oleon NV, Klk Oleo Sdn. Bhd., Godrej Industries (Chemicals), VVF L.L.C. , and others.
By Origin, Grade, End Use, and Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
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The global oleic acid market is dominated by players like Wilmar International Limited, Emery Oleochemicals (M) Sdn Bhd., Oleon NV, Klk Oleo Sdn. Bhd., Godrej Industries (Chemicals), VVF L.L.C., and Cargill.
- In May 2019, Indian Council of Agricultural Research developed 2 varieties of oleic acid-rich peanuts.
- In 2018, Farmer in South India developed a variety of oleic acid-rich peanuts for commercial applications.
Global oleic acid market is segmented as below:
By End Use
- Food & Beverages
- Textiles & Leather
- Cosmetics & Personal Care
- Chemical Intermediates
- Paints & Coatings
- Others (including Carbon Paper and Inks)
- North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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