The global oleic acid market is expected to surpass US$ 400 Mn by 2031, expanding 1.4x from 2020. The global oleic acid market is being driven by rising demand from end-use sectors such as cosmetics and personal care, pharmaceuticals and food, and so on.
Key Points Addressed in Oleic acid Industry Analysis
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Oleic Acid Industry and How to Navigate
- Recommendation on Key Winning Strategies
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Oleic Acid Consumption Analysis 2016-2020 Vs Future Outlook 2021-2031
According to Fact.MR- a market research and competitive intelligence provider- demand for oleic acid surged by less than 3% CAGR from 2016 to 2020. The market expanded to conclude at a value of US$ 290 Mn by the end of the aforementioned period.
The worldwide oleic acid market is expected to grow at a modest CAGR of more than 3% between 2021 and 2031. During this time period, a significant portion of the material's sales are projected to be in the cosmetics and personal care industry, which is expected to expand at a higher rate than the world average.
How is Olive Oil Usage Widening Popularity of Oleic Acid Consumption?
Olive oil contains a lot of oleic acid. Olive oil is gaining popularity as it regulates immunological functions of the human body. Furthermore, oleic acid acts as a replacement for dietary saturated fat, lowering the risk of cardiovascular disease (CVD) in individuals.
As a result, people with high cholesterol are turning to olive oil, and firms in the oleic acid industry are boosting their olive oil manufacturing capacity. Food applications are the most important income generators for firms in the oleic acid industry. Manufacturers are focusing on clients in the Mediterranean area, where people consume a lot of monosaturated fatty acids (MUFA) through olive oil.
It has been discovered that the Han Woo beef sector in South Korea is leaning toward olive oil use, as their diet is high in saturated fatty acids, which are harmful to people's health. Individuals with CVDs prefer oleic acid for its cholesterol-lowering properties.
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How are Obesity Concerns Enabling a Switch to Oleic Acid?
Excessive omega-6 intake can result in unfavorable health consequences such as weight gain and obesity. Hence, consumers are shifting towards consuming oleic acid rich oils. Aside from olive oil, sunflower oil is also high in oleic acid.
Consequently, manufacturers are educating their target consumers about the proper use of sunflower oil in order to reduce the risk of unfavorable health concerns in individuals. Other foods high in oleic acid include cheese, eggs, and macadamia oil. As a result, firms in the poultry and dairy industries may benefit on the demand for oleic acid-rich food items.
Oleic Acid from Grass-fed Sheep Tallow Creates Possibilities for COVID-19 Tablet Development?
A suggested medication has surfaced as a possible approach to halt the spread of COVID-19. A comprehensive evaluation of a combination of oleic acids derived from cows and plants that can be manufactured to create COVID-19 tablets and syrups is being conducted by scientists and researchers.
Fatty acid similarities in soaps are being connected with oleic acids, which are likewise a kind of naturally occurring fatty acid. Because soap is a fatty acid combination used in cleaning and washing applications, producers in the oleic acid market are profiting on research on oleic acid pills and syrups that have intriguing potentials for treating the COVID-19 infection.
Researchers are concentrating on obtaining oleic acids from grass-fed tallow from cows and sheep and enhancing its therapeutic applications in the form of pills and syrups for treating the illness.
An Adaptive Approach to Modern-day Research Needs
Which are some Primary Application Areas of Oleic Acid?
Oleic acid is also likely to find profitable niche applications in oil and gas drilling and exploration. The food and beverage sector also consumes a significant amount of oleic acid, particularly in dietary supplements and functional foods and drinks, as well as emulsifiers and stabilizers in a variety of formulations.
In the medium term, demand from the textile and leather industries will support the oleic acid market, with increasing uses of oleic acid as scouring, wetting, emulsifying, and dispersing agents.
What makes Asia a Dominant Market for Oleic Acid?
The Asian region dominates the global market for oleic acid in terms of production and consumption. Due to abundant natural raw resources, such as vegetable oils and fats, ASEAN nations such as Malaysia, Indonesia, Thailand, and others will collectively generate 50% of overall demand.
Furthermore, the increasing personal care, cosmetics, pharmaceutical, and food industries in APAC, particularly in China and India, have resulted in higher demand for oleic acid, and the APAC oleic acid market is anticipated to rise at a healthy rate throughout the forecast period.
How Lucrative is the Market in the U.S?
The U.S is one of the largest consumers of oleic acid, accounting for 40% of the global demand. Government initiatives to promote sustainability and the use of bio-based compounds, is spurring this increase across North America.
Natural personal care products are becoming increasingly popular in North America. Manufacturers are on the lookout for methods to create personal care products from natural sources. By 2030, the cosmetics and personal care category is expected to provide substantial development potential for the oleic acid market.
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Category Wise Insights
How Cosmetic Industry's Demand for Oleic Acid is dominating the market?
Because of its broad uses in toiletry and cosmetic goods, such as skin care and cleaning creams, the cosmetics sector is projected to be a key contributor to global demand for oleic acid.
During the projected period, the worldwide personal care and cosmetic industry's demand for oleic acid will increase at a CAGR of 4%.
How are Oleic Acid Formulations being incorporated in Skincare Products?
Customers' increased preference for exotic plant-based products is providing value grab possibilities for producers in the oleic acid industry. New trends in the cosmetics sector are fueling the expansion of the landscape.
Because topical oleic acid treatment alone cannot penetrate skin barriers, cosmetic businesses are combining oleic acid with other fatty acids to create skincare solutions. These products are enhanced with skin-beneficial substances that provide favorable results in persons following use.
Cosmetic firms are expanding their research and development efforts to mix oleic acid with other lipids to increase the skin-calming effects of their products. Customers with dry or sensitive skin choose oleic acid-containing skincare products.
The worldwide market for oleic acid is highly fragmented, with several regional and local firms operating in the industry. However, large oleic acid producers continue to maintain a sizable market share. Players are primarily focused on research to discover and extend the spectrum of uses in a variety of end-use sectors and customer demographics.
- For example, Eastman Chemical Company released their high quality, non-animal kosher oleic acid in accordance with U.S Food and Drug Administration requirements, primarily for human consumption but also suitable for adhesives, inks, coatings, and detergents.
- Wilmar International Limited, Recochem Inc., Twin Rivers Technologies Inc., Kraton Corp., White Group Public Co. Ltd., Oleon NV, Emery Oleo chemicals (M) Sdn Bhd, and Univar Solutions Inc. are among the other prominent competitors in the oleic acid industry.
Historical Data Available for
|US$ Mn for Value & ‘000 Units for Volume|
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Key Segments Covered
- Plant-based Oleic Acid
- Animal- based Oleic Acid
- Food Grade Oleic Acid
- Pharmaceutical Grade Oleic Acid
- Technical Grade Oleic Acid
- Oleic Acid for Food & Beverages
- Oleic Acid for Textiles & Leather
- Oleic Acid for Cosmetics & Personal Care
- Oleic Acid for Pharmaceuticals
- Oleic Acid for Chemical Intermediates
- Oleic Acid for Automotive
- Oleic Acid for Paints & Coatings
- Oleic Acid for Other End Uses
Oleic acid Market- Scope of Report
A recent study by Fact.MR on the oleic acid market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering oleic acid.
The study also provides the dynamics responsible for influencing the future status of the oleic acid market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the oleic acid market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of oleic acid across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of oleic acid during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative oleic acid markets?
- Which factors will impact the growth of oleic acid?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the oleic acid industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Estimates at global and regional levels for oleic acid are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global oleic acid market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the oleic acid market during the forecast period.
Country-specific valuation on demand for oleic acid has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competition Analysis
The report sheds light on leading manufacturers of oleic acid, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering oleic acid has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the oleic acid domain.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the oleic acid industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
In 2020, the global market for oleic acid was worth US$ 290 Mn.
From 2021 to 2031, the worldwide oleic acid market is anticipated to rise at a modest CAGR exceeding 3%.
New cosmetics trends are driving the growth of the oleic acid market, which is expected to exceed US$ 400 Mn by 2031.
Rising demand from end-use sectors such as cosmetics and personal care, pharmaceuticals and food, and so on is driving the worldwide oleic acid market.
Eastman Chemical Company, Berg + Schmidt, VVF L.L.C., Klk Oleo Sdn. Bhd. and Emery Oleo chemicals (M) Sdn Bhd. hold 60% of overall revenue
South Korea, China, Philippines, the U.S and the U.K are top 5 countries influencing oleic acid demand
The U.S is anticipated to account for 40% of total oleic acid demand in North America
Oleic Acid is going to register moderate growth in Europe with a significant CAGR of 3%.
According to Fact.MR, demand for oleic acid in Asia is expected to account for 50% of global demand
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
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