Global High Oleic Oil Market Report and Forecast 2023-2028

Global High Oleic Oil Market Report and Forecast 2023-2028

Market Outlook

As per the report by Expert Market Research (EMR), the global high oleic oil market attained a value of USD 5987.03 million in 2022. Aided by the increasing demand for healthier oil alternatives in the food and beverage industry and the growing adoption of high oleic oil in the cosmetics sector, the market is expected to grow at a CAGR of 4.6% between 2023 and 2028 to reach a value of USD 6656.74 million by 2028.

High oleic oil is a term for an oil type that has a high concentration of oleic acid and other monounsaturated fatty acids. High oleic oils are derived from various sources, including sunflower, safflower, soybean, and canola, among others. These oils are known for their excellent oxidative stability, extended shelf life, and healthier nutritional profile compared to traditional cooking oils. It is widely used in the cosmetics, and personal care products, food and beverage industry, as well as in industrial applications.

One of the key factors driving the global high oleic oil market growth is the increasing demand for healthier oil alternatives in the food and beverage industry. As consumers become more health-conscious, there is a growing preference for food products that are low in saturated fats and trans fats. High oleic oil, with its high monounsaturated fatty acid content, is considered a healthier alternative to traditional cooking oils, which has fuelled its demand in various food applications, such as frying, baking, and salad dressings.

The growing adoption of high oleic oil in the cosmetics and personal care sector is another factor propelling the high oleic oil market expansion. Due to its excellent emollient qualities, high oleic oil is a great ingredient for a variety of cosmetic and personal care products, including creams, lotions, and hair care products. The increasing demand for natural and plant-based ingredients in the cosmetics industry has further boosted the adoption of high oleic oil in this sector.

Furthermore, the expanding application of high oleic oil in industrial processes is expected to contribute to the growth of the high oleic oil market. High oleic oil is increasingly being used as a lubricant in various industrial applications, such as metalworking, due to its superior oxidative stability and excellent lubricating properties. The rapid industrialisation across various regions is expected to create new opportunities for the high oleic oil market during the forecast period.

Market Segmentation

The market can be divided based on oil type, source, application, and region.

Market Breakup by Oil Type

• Sunflower Oil
• Canola Oil / Rapeseed Oil
• Soybean Oil
• Safflower Oil
• Others

Market Breakup by Source

• GM
• Non-GM / Conventional
• Organic Certified

Market Breakup by Application

• Food Processing
• Biofuel
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global biochar companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Archer Daniels Midland Company
• Cargill, Incorporated.
• Marbacher Ölmühle GmbH
• Colorado Mills LLC
• Adams Group
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.