The global oleic acid market is expected to grow at a CAGR of 3.7% during the forecast period. Oleic acid is required by the body's cells for legitimate maintenance of a thick enough layer of skin. This is significant for battling microorganisms, circulation of minerals along with reactivity to hormones present or injected in human body.
This acid likewise fills in as a significant source of energy for cells in the human body, and it's utilized for the creation along with biosynthesis of numerous fundamental metabolites. Saturated fats in various types of diets are replaced with oils with oleic acid. Experiment shows, it is a monounsaturated omega-9 unsaturated fat, and its name signifies "acquired from oil or olive." Oleic acid also goes by the name of omega-9 oil. Since it has a carbon-carbon twofold bond in the 10th bond from the methyl end of the unsaturated fat.
Food items that are rich in oleic acid are, namely, Olive oil, Almond oil, Hazelnuts, Apricot oil, Eggs, Avocado oil, Walnuts, Almonds, Macadamia nuts, Cashews, cheddar, hamburger, sweet almond oil, Emu oil, Argan oil, Sesame oil, Milk, Sunflower oil, Chicken, Grapeseed oil and others. This acid likewise functions as a softening agent, and huge commercial organizations have been using this as a fundamental ingredient in hair care items to make your hair texture milder and smoother. Clients with dry and flaky skin are seen choosing skincare items induced with oleic acid.
Purchaser acknowledgment for high oleic oil has been ascending across the globe since past few years. The U.S. Food and Drug Administration (FDA), in November 2018, supported measured up health claims for oleic acid, which advocates that relishing oleic acid in everyday consumable oils, for example, canola oil sunflower oil or olive oil, may diminish the danger of heart related disorders.
This is probably going to essentially support the demand of oleic acid in the food and drinks industry in coming years. Organizations in the oleic acid market are further developing their dispersion chains to offer halal-affirmed, and US Pharmacopeia (USP) and the Public Model (NF)- authorize ingredients to end clients. For example, Univar Solutionsis offering an expansive scope of oleic acids produced using an assortment of feedstock that adheres to the USP/NF principles. Producers in the oleic acid market are taking advantage of steady open doors in therapeutics and the drug business to expand their revenue.
Further, the expanding inclination towards becoming vegan lover and utilization of vegan food is postulated to facilitate the interest of consumers worldwide for plant based oleic acid. Oleic acid's cholesterol-reduction traits are by and large exceptionally liked by people with heart related disorders. Rising demand for normal personal care and grooming items has been ascending in North America. Makers are searching for strategies to create these items from natural sources.
Global Oleic Acid Market Value Share Analysis, by Geography (2022)
The report titled “Global Oleic Acid Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Oleic Acid Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Oleic Acid market is segmented based on Origin, Grade, End use, and region. Based on Origin, the Oleic Acid market is segmented into Plant, Animal, Others. Based on Grade, the Oleic Acid market is segmented into Food, Pharmaceutical, Technical, Others. Based on End use, the Oleic Acid market is segmented into Food & Beverages, Textiles & Leather, Cosmetics & Personal Care, Pharmaceuticals, Chemical Intermediates, Automotive, Paints & Coatings, Carbon Paper, Inks, Others.
Based on geography, the Global Oleic Acid Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Oleic Acid Market. Further, market share of prominent companies in the Global Oleic Acid Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Oleic Acid companies. The Global Oleic Acid Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Oleic Acid business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Oleic Acid Market.
The key players of the Global Oleic Acid Market are Emery Oleochemicals (M) Sdn Bhd., Wilmar International Limited, Oleon NV, Klk Oleo Sdn. Bhd., Godrej Industries Chemicals, VVF L.L.C., and others
Global Oleic Acid Market Key Segments:
Based on Origin
Based on Grade
Based on End use
By Region
North America is the principal contributor to the global Oleic Acid market.
The global Oleic Acid market is expected to register a CAGR of 3.7% between 2022 and 2032.
Emery Oleochemicals (M) Sdn Bhd., Wilmar International Limited, Oleon NV, Klk Oleo Sdn. Bhd., Godrej Industries Chemicals, VVF L.L.C. are few prominent players active in the market.
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