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Global Oleochemicals Market to reach USD 57.76 billion by the end of 2030

Global Oleochemicals Market Size study & Forecast, by Type (Fatty Acids, Fatty Alcohols, Methyl Esters, Glycerin), by Application (Food & Beverages, Chemicals, Animal Feed, Others) and Regional Analysis, 2023-2030

Product Code: CMCC-79458229
Publish Date: 29-02-2024
Page: 200

Global Oleochemicals Market is valued at approximately USD 35.43 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.3% during the forecast period 2023-2030. Oleochemicals are a class of chemicals derived from natural oils and fats, primarily obtained from plants and animals. These renewable feedstocks undergo a process called saponification or hydrolysis to yield a variety of oleochemical products. Common sources include palm, coconut, soybean, and rapeseed oils. Oleochemicals find applications in various industries, such as personal care, pharmaceuticals, food, and industrial sectors, due to their versatility. The Oleochemicals Market is expanding because of factors such as rising demand for natural and organic personal care products, increasing demand for pharmaceutical drugs and surge in demand for green chemicals.

The increasing demand for natural and organic personal care products is a significant driver propelling the growth of the Oleochemicals Market. Consumers are becoming more conscientious about the ingredients used in personal care items, seeking products that align with their preferences for sustainability and environmental friendliness. Oleochemicals, derived from renewable plant-based sources such as palm, coconut, and soybean oils, perfectly fit into the growing trend towards green and eco-friendly formulations. These chemicals serve as key components in the production of various personal care items, including soaps, shampoos, lotions, and cosmetics. According to Statista, the Value of the natural and organic skin care products Market in the year 2021 stood at USD 9.9 billion which increased to 10.8 billion in the year 2022 and it is projected to reach USD 20.4 billion by the year 2030. This rising market indicates the rising demand for natural and organic personal care products which is driving the market growth. Increasing investments and collaborations and rising demand from other end-use industries are creating new opportunities the market growth. However, the availability of petrochemical-based alternatives and limited availability of feedstock stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Oleochemicals Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022. This can be credited to the significant concentration of manufacturers in the market, particularly in Malaysia and Indonesia. Moreover, the region’s expansive captive market and abundant availability of raw resources such as palm oil and palm kernel oil have incentivized manufacturers to augment their production capacity in the area. Europe is expected to grow at the fastest rate over the forecast period. The anticipated expansion of the oleochemicals industry in Europe is expected to be propelled by supportive regulatory measures, particularly those implemented by the Registration, Evaluation, and Authorization of Chemicals (REACH), aiming to encourage sustainable chemicals and alternatives to petrochemicals. Additionally, the growing interest in biodiesel as a substitute for traditional petroleum-based fuels is foreseen to drive increased demand for specific oleochemicals such as glycerin and methyl ester sulfonate in the region.

Major market player included in this report are:
Cargill Inc.
Kuala Lumpur Kepong Berhad
Oleon N.V.
IOI Corporation Berhad
Wilmar International Ltd
Kao Chemicals Global
Twin Rivers Technologies Inc
Croda International Plc
Evonik Industries

Recent Developments in the Market:
Ø In August 2022, The Kuala Lumpur Kepong Berhad Group introduced a product called DavosLife E3, designed for use in food and nutrition applications. According to the company, this product boasts extensive and clinically proven health benefits, particularly in promoting heart health, liver health, and brain health.
Ø In April 2022, Oleon N.V. has initiated the construction of a new facility in Baytown, Texas, with a significant investment of USD 50 million. The primary objective of this substantial investment is to facilitate international expansion for the company.

Global Oleochemicals Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Fatty Acids
Fatty Alcohols
Methyl Esters

By Application:
Food & Beverages
Animal Feed

By Region:

North America


Asia Pacific
South Korea

Latin America

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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Oleochemicals Market, by Region, 2020-2030 (USD Billion)
1.2.2. Oleochemicals Market, by Type, 2020-2030 (USD Billion)
1.2.3. Oleochemicals Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Oleochemicals Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Oleochemicals Market Dynamics
3.1. Oleochemicals Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising demand for natural and organic personal care products Increasing demand for pharmaceutical drugs Surge in demand for green chemicals
3.1.2. Market Challenges Availability of petrochemical-based alternatives Limited availability of feedstock
3.1.3. Market Opportunities Increasing investments and collaborations Rising demand from other end-use industries
Chapter 4. Global Oleochemicals Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Oleochemicals Market, by Type
5.1. Market Snapshot
5.2. Global Oleochemicals Market by Type, Performance – Potential Analysis
5.3. Global Oleochemicals Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Oleochemicals Market, Sub Segment Analysis
5.4.1. Fatty Acids
5.4.2. Fatty Alcohols
5.4.3. Methyl Esters
5.4.4. Glycerin
Chapter 6. Global Oleochemicals Market, by Application
6.1. Market Snapshot
6.2. Global Oleochemicals Market by Application, Performance – Potential Analysis
6.3. Global Oleochemicals Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Oleochemicals Market, Sub Segment Analysis
6.4.1. Food & Beverages
6.4.2. Chemicals
6.4.3. Animal Feed
6.4.4. Others
Chapter 7. Global Oleochemicals Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Oleochemicals Market, Regional Market Snapshot
7.4. North America Oleochemicals Market
7.4.1. U.S. Oleochemicals Market Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Oleochemicals Market
7.5. Europe Oleochemicals Market Snapshot
7.5.1. U.K. Oleochemicals Market
7.5.2. Germany Oleochemicals Market
7.5.3. France Oleochemicals Market
7.5.4. Spain Oleochemicals Market
7.5.5. Italy Oleochemicals Market
7.5.6. Rest of Europe Oleochemicals Market
7.6. Asia-Pacific Oleochemicals Market Snapshot
7.6.1. China Oleochemicals Market
7.6.2. India Oleochemicals Market
7.6.3. Japan Oleochemicals Market
7.6.4. Australia Oleochemicals Market
7.6.5. South Korea Oleochemicals Market
7.6.6. Rest of Asia Pacific Oleochemicals Market
7.7. Latin America Oleochemicals Market Snapshot
7.7.1. Brazil Oleochemicals Market
7.7.2. Mexico Oleochemicals Market
7.8. Middle East & Africa Oleochemicals Market
7.8.1. Saudi Arabia Oleochemicals Market
7.8.2. South Africa Oleochemicals Market
7.8.3. Rest of Middle East & Africa Oleochemicals Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Cargill Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Kuala Lumpur Kepong Berhad
8.3.3. BASF SE
8.3.4. Oleon N.V.
8.3.5. IOI Corporation Berhad
8.3.6. Wilmar International Inc
8.3.7. Kao Chemicals Global
8.3.8. Twin Rivers Technologies Inc
8.3.9. Croda International Plc
8.3.10. Evonik Industries
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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