Global Oleochemical Fatty Acid Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Oleochemical Fatty Acid Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Oleochemical Fatty Acids are important component of lipids (fat-soluble components of living cells) in plants, animals, and microorganisms. Generally, a fatty acid consists of a straight chain of an even number of carbon atoms, with hydrogen atoms along the length of the chain and at one end of the chain and a carboxyl group (−COOH) at the other end. It is this carboxyl group that makes it an acid (carboxylic acid). If the carbon-to-carbon bonds are all single, the acid is saturated; if any of the bonds is double or triple, the acid is unsaturated and is more reactive. A few fatty acids have branched chains; others contain ring structures (e.g., prostaglandins). Fatty acids are not found in a free state in nature; commonly they exist in combination with the alcohol glycerol in the form of triglyceride.

Market Overview:

The latest research study on the global Oleochemical Fatty Acid market finds that the global Oleochemical Fatty Acid market reached a value of USD 11443.74 million in 2022. It’s expected that the market will achieve USD 15823.17 million by 2028, exhibiting a CAGR of 5.55% during the forecast period.

Oleochemical Fatty Acid Industry Trends

From the perspective of downstream applications, Soap & Detergent will account for 32.49% in 2021. This is mainly due to the increasing consumption of renewable, sustainable and bio-based chemicals in personal care.
As the demand for sustainability factors continues to increase, the preference for natural oleochemicals will drive the demand for oleochemicals derived from natural oils. The consumer terminal market is gradually turning to environmentally friendly products. Leading and upstream oleochemical producers are now shifting from synthetic raw materials to natural raw materials such as palm kernel oil (PKO), coconut oil and tallow to stay competitive. The increasing environmental and regulatory pressures faced by surfactant manufacturers have also driven the demand for naturally produced oleochemicals. As one of the raw materials, palm kernel oil has become the most traded commodity due to its availability and the high quality of the final product. The main exporter of palm kernel oil is Southeast Asia, followed by the United States and the European Union. The expected increase in palm production may boost the growth of the fatty acid industry.

Market Challenges

Oleochemical fatty acids are naturally occurring and have negligible limitations in their applications in multiple industries. The most common challenges faced by the fatty acid market include the fishy taste of dietary supplements and medicines that are derived from fatty acids. In addition, the lack of n-3 LCPUFAs is overwhelming in the Western diet. However, due to its oxidative deterioration, the intake of these fatty acids has always been a challenge facing the global market. This has become the main focus of food scientists and technologists. This challenge can be met by adding artificial odor eliminators commonly used in industrial settings in current scenes.

Region Overview:

Geographically, Asia Pacific held the largest market share – 59.21% in 2022.

Company Overview:

Wilmar International is one of the major players operating in the Oleochemical Fatty Acid market, holding a share of 18.22% in 2023.

Wilmar International

The core of Wilmar’s strategy is a comprehensive agribusiness model that covers the entire value chain of the agricultural product business, from palm oil and sugarcane planting and milling, to processing, brand promotion, and the distribution of various edible foods among consumers, Medium and bulk packaging, animal feed and industrial agricultural products, such as oleochemicals and biodiesel.

KLK OLEO

KLK OLEO's production portfolio ranges from basic oleochemical products such as fatty acids, glycerin, fatty alcohols and fatty esters to specialty products such as methyl ester sulfonates (MES), surfactants and phytonutrients. KLK OLEO's products are used in a variety of end-use applications, including household and personal care, pharmaceuticals, food and nutrition, flavors and fragrances, lubricants, polymers, and industrial chemicals.

Segmentation Overview:

As for product types, the Saturated fatty acids segment held the largest market share in 2022.

Unsaturated fatty acids

Unsaturated fatty acid carbon chains contain one or more double bonds with a terminal carboxylic group (–COOH), unlike saturated fatty acids, which contain no double bonds. 11. These fatty acids are subdivided into two groups depending on the number of double bonds.

Saturated fatty acids

Saturated fatty acids refer to fatty acids without unsaturated bonds on hydrocarbons. Common dietary saturated fatty acids include stearic acid, palmitic acid, myristic acid and lauric acid.

Application Overview:

By application, the Soap & Detergent segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Oleochemical Fatty Acid market covered in Chapter 3:

Wilmar International
3F Industries
IOI Corporation Berhad
KLK OLEO
Oleon NV
Cata Chemical Technology
Faci
Dongma Oil
Temix Oleo srl
Pagani
Musim Mas
Pacific Oleochemicals
Jinda Shuangpeng
P&G Chemicals
PT SMART Tbk
PT Sumi Asih
BASF
PT Cisadane Raya Chemicals
Asian Agri
Zanyu Technology Group
Cambridge Olein
Sichuan Tianyu Oleochemical
Peter Cremer North America
Sogis
Godrej Industries
PT. Apical Kao Chemicals
VVF Limited
Southern Acids
Emery Oleochemicals
AAK
Permata Hijau Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Oleochemical Fatty Acid market from 2018 to 2029 is primarily split into:

Unsaturated Fatty Acids
Saturated Fatty Acids

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Oleochemical Fatty Acid market from 2018 to 2029 covers:

Soap & Detergent
Fatty Amine and Fatty Amide
Fatty Acid Ester
Rubber & Plastic
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)