Global Oleic Acid Market Size Study, by End-use (Food & Beverages, Pharmaceutical, Soaps & Detergents, Personal Care & Cosmetics), and Regional Forecasts 2022-2032

The Global Oleic Acid Market is valued at approximately USD 498 million in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% over the forecast period 2024-2032. Oleic acid, a monounsaturated omega-9 fatty acid, is witnessing significant demand due to its versatile applications across multiple industries. The increasing utilization of oleic acid in food and beverage formulations, where it acts as a stabilizer and emulsifier, is driving market growth. Additionally, its wide adoption in the pharmaceutical and cosmetics sectors, where it is used as an excipient, emollient, and penetration enhancer, is further fueling its demand.

The rising consumer inclination towards organic and natural ingredients in personal care products has amplified the use of oleic acid in skincare formulations, hair care products, and soaps. In the pharmaceutical industry, the compound plays a crucial role in drug delivery systems due to its biocompatibility and ability to enhance the solubility of active pharmaceutical ingredients (APIs). Furthermore, its application in detergents and household cleaners, owing to its excellent surfactant properties, has contributed to its widespread adoption across industrial and domestic cleaning applications.

The market is also benefiting from the surge in plant-based oleic acid production, particularly derived from sources such as olive oil, sunflower oil, and canola oil. As regulatory authorities push for sustainable and biodegradable solutions, manufacturers are investing in bio-based oleic acid production to meet the evolving consumer and environmental standards. However, challenges such as fluctuating raw material prices and the complexities of refining processes pose potential constraints on market expansion.

Regionally, North America is projected to hold a dominant share in the oleic acid market due to high demand from the pharmaceutical and personal care sectors. The European market is also witnessing robust growth, driven by stringent regulations promoting the use of bio-based surfactants and emulsifiers. Meanwhile, Asia-Pacific is anticipated to be the fastest-growing region, with rising industrialization, increasing disposable incomes, and a thriving cosmetics industry, particularly in China, India, and Japan. The growing demand for oleic acid in food processing and personal care industries in these countries is expected to drive substantial market growth.

Major Market Players Included in This Report
• Wilmar International Ltd.
• Cargill, Incorporated
• Eastman Chemical Company
• Emery Oleochemicals Group
• Croda International Plc
• Vantage Specialty Chemicals, Inc.
• KLK Oleo
• IOI Oleochemical Industries Berhad
• Godrej Industries Limited
• Jiangsu Haian Petrochemical Plant
• Redox Pty Ltd.
• Berg + Schmidt GmbH & Co. KG
• Acme Synthetic Chemicals
• Nisshin OilliO Group, Ltd.
• Universal Preserv-A-Chem Inc.

The Detailed Segments and Sub-Segment of the Market are Explained Below:

By End-use:
• Food & Beverages
• Pharmaceutical
• Soaps & Detergents
• Personal Care & Cosmetics

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa

Key Takeaways:
• Market estimates and forecasts for 10 years (2022-2032).
• Annualized revenue projections and regional-level analysis for each market segment.
• Detailed examination of the geographical landscape with country-level analysis of key regions.
• Competitive landscape featuring major market players and their strategic developments.
• Insights into key business strategies and recommendations for future market approaches.
• Analysis of market dynamics, including demand-side and supply-side trends.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.