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Oleochemical Fatty Acids Market: By Product Type, By Application Type, and Region Forecast 2019-2030
Oleochemical Fatty Acids Market: By Product Type, By Application Type, and Region Forecast 2019-2030
Oleochemical Fatty Acids Market size was valued at US$ 15.2 billion in 2023 and is estimated to reach US$ 20.6 billion by 2030, at a significant CAGR of 6.4% from 2024 - 2030. Increasing use age of biodegradable products by various industries such as various industries such as petrochemicals, detergents, personal care, and food and beverages is anticipated to withstand as a favorable factor for the growth of the market. Encouraging government strategies concerning financial encouragement for bio-based chemical producers, tax benefits are the major contributors to industrial growth. Growing application opportunities together with R& D investments for the launch of innovative products will produce favorable prospects for leading corporations operating in market during the forecasted period.
However, volatility in the cost of raw materials hinders the growth of the market. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition.
Moreover, PBI analyzed the global market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product Opportunities). Key players in the global market enhance their product portfolio and consumer base by adopting striking market strategies like collaborations, acquisitions, and technological innovations, among others. For instance, on March 4, 2019, Cargill's cocoa and chocolate business and Smet, a leading Belgium-based supplier of chocolate and sweets decorations to the food service and confectionary markets, announced their intent to bring together their global gourmet chocolate activities.
Study Period
2024-2030Base Year
2023CAGR
6.4%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
Oleochemical fatty acids are predominantly found into various type of products such as fatty acid, glycerol, fatty acid alcohol, others. Fatty acids is the leading segment and is expected to propel the oleochemicals fatty acids market during the forecast period. Wide range of applications of fatty acid in personal care, soaps and detergents industries will increase the demand for segment during the forecast period. Escalating demand of oleochemical fatty acids in personal care, lubricant, soaps and detergents, and in other leading chemical industries is expected to up surge the growth of market during the forecast period.
Glycerol is the second leading segment and is anticipated to register a substantial CAGR of XX% because it is used as a major ingredient in various detergent, food and beverages, and personal care products. Glycerol monostearate is the major glycerin derivatives that have gained momentum in the food and beverage uses comprising of protein drinks, confectioneries, and bakery.
Asia Pacific is the leading market. It is expected to show dominance in the years to come. The growth in this region can be attributed to the presence of several personal care companies and rising consumer expenditure. China and India are the most prominent economies contributing towards the regional growth. North America is the second leading consume for oleo chemicals fatty acids due to rapid urbanization and increasing need of such products in various industries. U.S is the major player and further drives the growth in North America region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 15.2 billion |
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Market Size in 2030 |
US$ 20.6 billion |
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Market CAGR |
6.4% |
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By Product Type |
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By Application |
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By Region |
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The oleochemical fatty acids market size was valued at US$ 15.2 billion in 2023 and is set to reach US$ 20.6 billion by 2030 at a CAGR of 6.4% from 2024-2030
The key segments covered in the restless leg’s syndrome market are technology, components, application, and end-users.
The market key player is SABIC BASF SE, Cargill Inc, Akzo Nobel N.V, TerraVia Holdings, Inc, Wilmar International Ltd, Evonik Industries AG, Emery Oleochemicals Sdn Bhd, Evyap, Godrej Industries Ltd, Ecogreen Oleochemicals (Singapore) Pte Ltd, Procter and Gamble (P&G), Unilever Johnson and Johnson, Colgate
| 1.Executive Summary |
| 2.Global Oleochemical Fatty Acids Market Introduction |
| 2.1.Global Oleochemical Fatty Acids Market - Taxonomy |
| 2.2.Global Oleochemical Fatty Acids Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Oleochemical Fatty Acids Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Oleochemical Fatty Acids Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Oleochemical Fatty Acids Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Fatty Acid |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Glycerol |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Fatty Acid Alcohol |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Oleochemical Fatty Acids Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Soap & Detergents |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Intermediates |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Plastics |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Rubber |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Paper |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Lubricant & Greases |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Personal Care |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Food & beverages |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Tobacco humectants |
| 6.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 6.10. Others |
| 6.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.10.3. Market Opportunity Analysis |
| 7.Global Oleochemical Fatty Acids Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Oleochemical Fatty Acids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Fatty Acid |
| 8.1.2.Glycerol |
| 8.1.3.Fatty Acid Alcohol |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Soap & Detergents |
| 8.2.2.Intermediates |
| 8.2.3.Plastics |
| 8.2.4.Rubber |
| 8.2.5.Paper |
| 8.2.6.Lubricant & Greases |
| 8.2.7.Personal Care |
| 8.2.8.Food & beverages |
| 8.2.9.Tobacco humectants |
| 8.2.10.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Oleochemical Fatty Acids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Fatty Acid |
| 9.1.2.Glycerol |
| 9.1.3.Fatty Acid Alcohol |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Soap & Detergents |
| 9.2.2.Intermediates |
| 9.2.3.Plastics |
| 9.2.4.Rubber |
| 9.2.5.Paper |
| 9.2.6.Lubricant & Greases |
| 9.2.7.Personal Care |
| 9.2.8.Food & beverages |
| 9.2.9.Tobacco humectants |
| 9.2.10.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Oleochemical Fatty Acids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Fatty Acid |
| 10.1.2.Glycerol |
| 10.1.3.Fatty Acid Alcohol |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Soap & Detergents |
| 10.2.2.Intermediates |
| 10.2.3.Plastics |
| 10.2.4.Rubber |
| 10.2.5.Paper |
| 10.2.6.Lubricant & Greases |
| 10.2.7.Personal Care |
| 10.2.8.Food & beverages |
| 10.2.9.Tobacco humectants |
| 10.2.10.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Oleochemical Fatty Acids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Fatty Acid |
| 11.1.2.Glycerol |
| 11.1.3.Fatty Acid Alcohol |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Soap & Detergents |
| 11.2.2.Intermediates |
| 11.2.3.Plastics |
| 11.2.4.Rubber |
| 11.2.5.Paper |
| 11.2.6.Lubricant & Greases |
| 11.2.7.Personal Care |
| 11.2.8.Food & beverages |
| 11.2.9.Tobacco humectants |
| 11.2.10.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Oleochemical Fatty Acids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Fatty Acid |
| 12.1.2.Glycerol |
| 12.1.3.Fatty Acid Alcohol |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Soap & Detergents |
| 12.2.2.Intermediates |
| 12.2.3.Plastics |
| 12.2.4.Rubber |
| 12.2.5.Paper |
| 12.2.6.Lubricant & Greases |
| 12.2.7.Personal Care |
| 12.2.8.Food & beverages |
| 12.2.9.Tobacco humectants |
| 12.2.10.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.SABIC |
| 13.2.2.BASF SE |
| 13.2.3.Cargill, Inc |
| 13.2.4.Akzo Nobel N.V |
| 13.2.5.TerraVia Holdings, Inc |
| 13.2.6.Wilmar International Ltd |
| 13.2.7.Evonik Industries AG |
| 13.2.8.Emery Oleochemicals Sdn Bhd |
| 13.2.9.Evyap, Godrej Industries Ltd |
| 13.2.10.Ecogreen Oleochemicals (Singapore) Pte Ltd |
| 13.2.11.Procter and Gamble (P&G) |
| 13.2.12.Unilever |
| 13.2.13.Johnson and Johnson |
| 13.2.14.Colgate |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.