Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 320 Million | USD 690 Million | 4.61% | 2022 |
FrequentlyAsked Questions
Oleic acid is a monounsaturated omega-9 fatty acid. This means that it has one double bond existing in its carbon chain that is located at the ninth carbon from the omega end.
The global oleic acid market is expected to witness high growth during the forecast period owing to the increasing demand for the acid in several rapidly rising end-user verticals such as the pharmaceutical, personal care, cosmetics, and food & beverage (F&B) industry.
According to study, the global oleic acid market size was worth around USD 320 Million in 2022 and is predicted to grow to around USD 690 Million by 2030.
The CAGR value of the oleic acid market is expected to be around 4.61% during 2023-2030.
The global oleic acid market is expected to witness the highest growth in North America due to the high demand for oleic acid in end-user industries such as food and beverage, cosmetics and personal care, and pharmaceutical industries.
The global oleic acid market is led by players like Cargill, Inc., Wilmar International Ltd., IOI Oleochemical Industries Berhad, Procter & Gamble Co., BASF SE, Archer Daniels Midland Company, Emery Oleochemicals, Croda International Plc., Godrej Industries Ltd., Vantage Specialty Chemicals, Univar Solutions Inc.., Oleon NV, Jarchem Industries Inc., KLK Oleo, Kao Corporation, The Dow Chemical Company, Evonik Industries AG, Chemrez Technologies, Inc., Acme Synthetic Chemicals, Sea-Land Chemical Company, Cremer Oleo GmbH & Co. KG, Berg + Schmidt GmbH & Co. KG, Peter Cremer North America, A&A Fratelli Parodi Spa, and Pacific Oleochemicals Sdn Bhd.
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