Global Oleochemicals Market Size To Exceed USD 54.55 Billion By 2035 | CAGR 6.92%
Category: Chemicals & MaterialsAccording to a Research Report Published by Spherical Insights & Consulting, The Global Oleochemicals Market Size is Expected to Grow from USD 26.12 Billion in 2024 to USD 54.55 Billion by 2035, at a CAGR of 6.92% during the Forecast Period 2025-2035.
Get more details on this report -
Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the " Global Oleochemicals Market Size, Share, and COVID-19 Impact Analysis, By Product (Specialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines, and Other Products), By Application (Food & Beverages, Chemicals, Animal Feed, and Other Applications), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/oleochemicals-market
The Oleochemicals Market Size is the industry of production and consumption of chemical compounds derived from natural fats and oils, primarily from plant and animal sources. Oleochemicals are petrochemical analogues, derived from renewable resources like plant oils and rendered animal fats. The growing demand for sustainable and renewable products as an alternative to petrochemical products across diverse sectors, especially in food & beverages and feed products, is offering growth opportunities in the oleochemicals market. An increasing demand for biodegradable products for a diverse range of applications, such as cosmetics, detergents, and lubricants driving the demand for oleochemicals, as it's derived from natural sources such as vegetable oils and animal fats. However, the growing environmental concerns associated with the production process and volatility in raw material prices are challenging the oleochemicals market.
The glycerol esters segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product, the oleochemicals market is divided into specialty esters, fatty acid methyl ester, glycerol esters, alkoxylates, fatty amines, and other products. Among these, the glycerol esters segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The significant use of food-grade glycerol esters in the production of ice creams, chewing gums, flavoured beverages, and cosmetics is driving the market demand in the glycerol esters segment.
The food & beverages segment accounted for the largest share of the oleochemicals market in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the oleochemicals market is divided into food & beverages, chemicals, animal feed, and others. Among these, the food & beverages segment accounted for the largest share of the oleochemicals market in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The application of specialty oleochemicals in the food & beverages industry for frozen foods, confectionery, and beverage processing is driving the market in the food & beverages segment.
Asia Pacific is expected to hold the majority share of the global oleochemicals market during the forecast period.
Get more details on this report -
Asia Pacific is expected to hold the majority share of the global oleochemicals market during the forecast period. The preference for oleochemicals, owing to the restricted use of petroleum-based products, is propelling the market for oleochemicals. An increasing demand for oleochemicals in the personal care, pharmaceutical, and food products is contributing to driving the market demand.
North America is anticipated to grow at the fastest pace in the global oleochemicals market during the forecast period. The stringent regulations associated with practising sustainability are driving the demand for plant-based products, thereby propelling the market demand. Further, the presence of key market players in countries like Malaysia and Indonesia is responsible for driving the regional market growth.
Europe is anticipated to hold a substantial share of the oleochemicals market during the projected timeframe. An increasing awareness about climate change, pollution, and other environmental issues is contributing to promoting the use of oleochemicals, thereby escalating the market demand. The growing demand for bio-based lubricants that are sustainable and biodegradable contributes to promoting the market.
Major vendors in the global oleochemicals market are Vantage Specialty Chemicals, Inc., Emery Oleochemicals, Evonik Industries AG, Wilmar International Ltd., Kao Chemicals Global, Ecogreen Oleochemicals, Corbion N.V, Cargill, Incorporated, Oleon NV, Godrej Industries, IOI Corporation Berhad, KLK OLEO, Evyap, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In May 2024, Corbion, a leading global supplier of world-class ingredient solutions, announced the expansion of its partnership with IMCD, a global distribution partner and formulator of specialty chemicals and ingredients, to include Corbion products for the Food and Beverage market in Thailand.
- In April 2024, Vantage Specialty Chemicals, a leading manufacturer and supplier of bio-based ingredients built on core surfactant chemistries, is expanding taurate capacity at its major manufacturing site in Leuna, Germany.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the oleochemicals market based on the below-mentioned segments:
Global Oleochemicals Market, By Product
- Specialty Esters
- Fatty Acid Methyl Ester
- Glycerol Esters
- Alkoxylates
- Fatty Amines
- Other Products
Global Oleochemicals Market, By Application
- Food & Beverages
- Chemicals
- Animal Feed
- Other Applications
Global Oleochemicals Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?