Oleic Acid Market Key Highlights:
- Market Size (2024): USD 694 Million
- Projected Market Size (2034): USD 1,231 Million
- CAGR (2024-2034): 5.9%
Pricing Analysis:
- Price Growth
- Regional Variations
Volume Analysis:
Import-Export Data
- Major Importers
- Major Exporters
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Price by Manufacturer
- Examination of pricing strategies adopted by various manufacturers.
Oleic Acid Market Definition
Oleic acid is a naturally occurring fatty acid found in animal and vegetable fats and oils. Oleic acid acts as an emulsifier, activator, lubricant, and surfactant. It is widely used in the pharmaceutical, food and beverage, textile, and cosmetic industries. Hence, the rapid expansion of these sectors drives oleic acid market growth. Oleic acid can introduce flexibility and efficiency to enhance product performance. Therefore, the rising consumer preference for high-quality products increases the demand for oleic acid. The rising desire for sustainability and plant-based products shifts the preference towards plant-based oleic acid.
The major restraints in the oleic acid market include supply chain disruptions and high production costs, which limit the affordability of several companies in the LMICs. Also, the availability of oleic acid substitutes hinders market growth. The latest innovations in the extraction and production of oleic acid and increasing investments in the biotechnology sector offer future market growth opportunities. Several researchers are also investigating the therapeutic effects of oleic acid, providing significant market growth opportunities.
• In April 2024, researchers from the David Geffen School of Medicine proved that oleic acid could be a potential therapeutic for people with the rare neurological disorder MCHS to enhance immunity and provide lipid supplementation.
Oleic Acid Market Segmentation:
By Source
By Grade
- Food Grade
- Pharmaceutical Grade
- Technical Grade
Oleic Acid Market Companies:
- Emery Oleochemicals
- BASF SE
- Cargill Incorporated
- Eastman Chemical Company
- Kao Corporation
- Wilmar International Limited
- Obetech Pacific
- Vantage Specialty Chemicals
- Oleon NV
- Croda International Plc
- PMC Biogenix, Inc.
- Acme-Hardesty Co
- Berg+Schmidt GmbH & Co. KG
- Acme Synthetic Chemicals
- Kuala Lumpur Kepong Berhad (KLK)
- IOL Oleochemicals
- Godrej Industries Limited
- Tokyo Chemical Industry Co., Ltd. (TCI)
- Adani Wilmar Ltd
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Market Key Highlights:
