Global Oleic Acid Market Size, Trends, By Source (Plant, Animal), By Application (Emulsifier, Thickener, Solvent, Surfactant, Lubricant, and Others), By Industry (Food & Beverages, Pharmaceuticals, Cosmetics, and Others), and Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Oleic Acid Market
Global Oleic Acid Market was valued at US$ 470.61 Mn in 2022, estimated to reach US$ 678.09 Mn by 2030, with a CAGR of 4.55% from 2023-2030.
Oleic acid is a monounsaturated omega-9 fatty acid that is commonly found in various animal and vegetable fats and oils. It is a naturally occurring fatty acid that is synthesized by the body and is also obtained from dietary sources. It is commonly found in high concentrations in olive oil, as well as in canola oil, sunflower oil, and other vegetable oils. Oleic acid is used in various industries, including food, cosmetics, and pharmaceuticals.
Market Drivers
The global market for oleic acid is primarily driven by the growing demand for the product in various industries, including food, cosmetics, and pharmaceuticals.
In the food industry, oleic acid is used as a cooking oil and as an ingredient in the production of margarine, shortenings, and other food products. The increasing demand for these food products, particularly in emerging economies, is driving the growth of the market for oleic acid. In the cosmetics industry, oleic acid is used in the formulation of skincare and hair care products due to its moisturizing and emollient properties, which is contributing to the growth of the market. In the pharmaceutical industry, oleic acid is used as a solubilizer and as an excipient in the formulation of drugs, which is expected to drive the demand for the product in the coming years.
Furthermore, the growth of the global oleic acid market is supported by the availability of raw materials, the increasing investments in research and development, and the expanding applications of oleic acid in various end-use industries.
Market Restraints
The volatility of raw material prices and the availability of substitutes such as linoleic acid can impede the market growth for oleic acid. In addition, the increasing awareness about the negative impact of high consumption of fatty acids on human health is expected to limit the growth of the market in the food industry. The high cost of production and transportation of oleic acid products is another factor that can limit its growth potential.
Market Segmentation
The scope of the global oleic acid market covers segmentation based on source, application, industry, and region.
Based on the source, the market is segmented into plants and animals. Based on the application, the market is segmented into emulsifiers, thickeners, solvents, surfactants, lubricants, and others.
Further, the market is segmented into industries, such as food & beverages, pharmaceuticals, cosmetics, and others.
Regional Analysis
The global oleic acid market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Asia Pacific is dominating the global oleic acid market due to the increasing demand for products from the food, pharmaceutical, and cosmetics industries in the region. The growing population, rising disposable incomes, and changing dietary habits of consumers are driving the demand for food products containing oleic acid in the region. In the cosmetics industry, increasing awareness about the benefits of natural and organic ingredients is contributing to the growth of the market. The rising healthcare expenditure in the region and the increasing demand for generic drugs is also driving the demand for oleic acid in the pharmaceutical industry.
Key Players
BASF SE, Vantage Specialty Chemicals Inc, KLK Oleo, IOI Corporation, Godrej Industries Limited, Wilmar International Limited, Berg + Schmidt GmbH & Co KG, Eastman Chemical Company, Pacific Oleochemicals Sdn Bhd, Oleo-Fats Inc, Emery Oleochemicals, etc.
Market Taxonomy
By Source
• Plant
• Animal
By Application
• Emulsifier
• Thickener
• Solvent
• Surfactant
• Lubricant
• Others
By Industry
• Food & Beverages
• Pharmaceuticals
• Cosmetics
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the key opportunities in Global Oleic Acid Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the market?
• What is the competitive landscape in the industry?
• What is the role of key players in the value chain?
Global Oleic Acid Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Oleic Acid Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Oleic Acid Market, By Source
5.1 Y-o-Y Growth Comparison, By Source
5.2 Global Oleic Acid Market Share Analysis, By Source
5.3 Global Oleic Acid Market Size and Forecast, By Source
5.3.1 Plant
5.3.2 Animal
6 Global Oleic Acid Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Oleic Acid Market Share Analysis, By Application
6.3 Global Oleic Acid Market Size and Forecast, By Application
6.3.1 Emulsifier
6.3.2 Thickener
6.3.3 Solvent
6.3.4 Surfactant
6.3.5 Lubricant
6.3.6 Others
7 Global Oleic Acid Market, By Industry
7.1 Y-o-Y Growth Comparison, By Industry
7.2 Global Oleic Acid Market Share Analysis, By Industry
7.3 Global Oleic Acid Market Size and Forecast, By Industry
7.3.1 Food & Beverages
7.3.2 Pharmaceuticals
7.3.3 Cosmetics
7.3.4 Others
8 Global Oleic Acid Market, By Region
8.1 Global Oleic Acid Market Share Analysis, By Region
8.2 Global Oleic Acid Market Size and Forecast, By Region
8.3 Global Oleic Acid Market Trends and Forecast, By Region
9 North America Oleic Acid Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Oleic Acid Market Share Analysis, By Source
9.3 North America Oleic Acid Market Size and Forecast, By Application
9.4 North America Oleic Acid Market Size and Forecast, By Industry
9.5 North America Oleic Acid Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1 Market Size and Forecast, By Source
9.5.1.2 Market Size and Forecast, By Application
9.5.1.3 Market Size and Forecast, By Industry
9.5.2 Canada
9.5.2.1 Market Size and Forecast, By Source
9.5.2.2 Market Size and Forecast, By Application
9.5.2.3 Market Size and Forecast, By Industry
9.5.3 Mexico
9.5.3.1 Market Size and Forecast, By Source
9.5.3.2 Market Size and Forecast, By Application
9.5.3.3 Market Size and Forecast, By Industry
10 Europe Oleic Acid Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Oleic Acid Market Share Analysis, By Source
10.3 Europe Oleic Acid Market Size and Forecast, By Application
10.4 Europe Oleic Acid Market Size and Forecast, By Industry
10.5 Europe Oleic Acid Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1 Market Size and Forecast, By Source
10.5.1.2 Market Size and Forecast, By Application
10.5.1.3 Market Size and Forecast, By Industry
10.5.2 France
10.5.2.1 Market Size and Forecast, By Source
10.5.2.2 Market Size and Forecast, By Application
10.5.2.3 Market Size and Forecast, By Industry
10.5.3 UK
10.5.3.1 Market Size and Forecast, By Source
10.5.3.2 Market Size and Forecast, By Application
10.5.3.3 Market Size and Forecast, By Industry
10.5.4 Russia
10.5.4.1 Market Size and Forecast, By Source
10.5.4.2 Market Size and Forecast, By Application
10.5.4.3 Market Size and Forecast, By Industry
10.5.5 Italy
10.5.5.1 Market Size and Forecast, By Source
10.5.5.2 Market Size and Forecast, By Application
10.5.5.3 Market Size and Forecast, By Industry
10.5.6 Spain
10.5.6.1 Market Size and Forecast, By Source
10.5.6.2 Market Size and Forecast, By Application
10.5.6.3 Market Size and Forecast, By Industry
10.5.7 Rest of Europe
10.5.7.1 Market Size and Forecast, By Source
10.5.7.2 Market Size and Forecast, By Application
10.5.7.3 Market Size and Forecast, By Industry
11 Asia Pacific Oleic Acid Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Oleic Acid Market Share Analysis, By Source
11.3 Asia Pacific Oleic Acid Market Size and Forecast, By Application
11.4 Asia Pacific Oleic Acid Market Size and Forecast, By Industry
11.5 Asia Pacific Oleic Acid Market Size and Forecast, By Country
11.5.1 China
11.5.1.1 Market Size and Forecast, By Source
11.5.1.2 Market Size and Forecast, By Application
11.5.1.3 Market Size and Forecast, By Industry
11.5.2 Japan
11.5.2.1 Market Size and Forecast, By Source
11.5.2.2 Market Size and Forecast, By Application
11.5.2.3 Market Size and Forecast, By Industry
11.5.3 India
11.5.3.1 Market Size and Forecast, By Source
11.5.3.2 Market Size and Forecast, By Application
11.5.3.3 Market Size and Forecast, By Industry
11.5.4 South Korea
11.5.4.1 Market Size and Forecast, By Source
11.5.4.2 Market Size and Forecast, By Application
11.5.4.3 Market Size and Forecast, By Industry
11.5.5 Australia
11.5.5.1 Market Size and Forecast, By Source
11.5.5.2 Market Size and Forecast, By Application
11.5.5.3 Market Size and Forecast, By Industry
11.5.6 New Zealand
11.5.6.1 Market Size and Forecast, By Source
11.5.6.2 Market Size and Forecast, By Application
11.5.6.3 Market Size and Forecast, By Industry
11.5.7 Singapore
11.5.7.1 Market Size and Forecast, By Source
11.5.7.2 Market Size and Forecast, By Application
11.5.7.3 Market Size and Forecast, By Industry
11.5.8 Malaysia
11.5.8.1 Market Size and Forecast, By Source
11.5.8.2 Market Size and Forecast, By Application
11.5.8.3 Market Size and Forecast, By Industry
11.5.9 Rest of Asia
11.5.9.1 Market Size and Forecast, By Source
11.5.9.2 Market Size and Forecast, By Application
11.5.9.3 Market Size and Forecast, By Industry
12 Latin America Oleic Acid Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Oleic Acid Market Share Analysis, By Source
12.3 Latin America Oleic Acid Market Size and Forecast, By Application
12.4 Latin America Oleic Acid Market Size and Forecast, By Industry
12.5 Latin America Oleic Acid Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1 Market Size and Forecast, By Source
12.5.1.2 Market Size and Forecast, By Application
12.5.1.3 Market Size and Forecast, By Industry
12.5.2 Argentina
12.5.2.1 Market Size and Forecast, By Source
12.5.2.2 Market Size and Forecast, By Application
12.5.2.3 Market Size and Forecast, By Industry
12.5.3 Colombia
12.5.3.1 Market Size and Forecast, By Source
12.5.3.2 Market Size and Forecast, By Application
12.5.3.3 Market Size and Forecast, By Industry
12.5.4 Peru
12.5.4.1 Market Size and Forecast, By Source
12.5.4.2 Market Size and Forecast, By Application
12.5.4.3 Market Size and Forecast, By Industry
12.5.5 Chile
12.5.5.1 Market Size and Forecast, By Source
12.5.5.2 Market Size and Forecast, By Application
12.5.5.3 Market Size and Forecast, By Industry
12.5.6 Venezuela
12.5.6.1 Market Size and Forecast, By Source
12.5.6.2 Market Size and Forecast, By Application
12.5.6.3 Market Size and Forecast, By Industry
12.5.7 Rest of Latin America
12.5.7.1 Market Size and Forecast, By Source
12.5.7.2 Market Size and Forecast, By Application
12.5.7.3 Market Size and Forecast, By Industry
13 Middle East Oleic Acid Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Oleic Acid Market Share Analysis, By Source
13.3 Middle East Oleic Acid Market Size and Forecast, By Application
13.4 Middle East Oleic Acid Market Size and Forecast, By Industry
13.5 Middle East Oleic Acid Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.1.1 Market Size and Forecast, By Source
13.5.1.2 Market Size and Forecast, By Application
13.5.1.3 Market Size and Forecast, By Industry
13.5.2 UAE
13.5.2.1 Market Size and Forecast, By Source
13.5.2.2 Market Size and Forecast, By Application
13.5.2.3 Market Size and Forecast, By Industry
13.5.3 Egypt
13.5.3.1 Market Size and Forecast, By Source
13.5.3.2 Market Size and Forecast, By Application
13.5.3.3 Market Size and Forecast, By Industry
13.5.4 Kuwait
13.5.4.1 Market Size and Forecast, By Source
13.5.4.2 Market Size and Forecast, By Application
13.5.4.3 Market Size and Forecast, By Industry
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Source
13.5.5.2 Market Size and Forecast, By Application
13.5.5.3 Market Size and Forecast, By Industry
13.5.6 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Source
13.5.6.2 Market Size and Forecast, By Application
13.5.6.3 Market Size and Forecast, By Industry
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 BASF SE
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Vantage Specialty Chemicals Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 KLK Oleo
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 IOI Corporation
15.4.1 Overview
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Godrej Industries Limited
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Wilmar International Limited
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Berg + Schmidt GmbH & Co KG
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Eastman Chemical Company
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Pacific Oleochemicals Sdn Bhd
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Oleo-Fats Inc
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Emery Oleochemicals
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
