Global Oleochemicals Market Size, Growth Rate, Insights And Competitive Analysis Report


Posted October 26, 2023 by SushmithaTBRC

The oleochemicals market reached a value of nearly $24,920.4 million in 2022, having grown at a compound annual growth rate (CAGR) of 8.7% since 2017.

 
The Business Research Company’s Oleochemicals Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Oleochemicals Global Market Report 2023 evaluates oleochemicals market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global oleochemicals market is poised for robust expansion in the coming years. In 2027, it is anticipated to reach a valuation of $38,815.9 million, marking a notable growth rate of 9.3%. This upward trajectory is set to continue, with the market projected to exhibit a remarkable Compound Annual Growth Rate (CAGR) of 11.6% from 2027, ultimately surging to a substantial worth of $67,285.8 million by 2032.

This thriving market is being underpinned by an escalating emphasis on organic personal care products. In response to burgeoning consumer demand for naturally derived ingredients in personal care items and a broader shift towards sustainable sourcing, companies are transitioning away from synthetic chemicals and embracing natural alternatives. A notable illustration of this shift is evident in the Organic Beauty & Wellbeing Market Report for 2022, released by the Soil Association Certification, which reported a remarkable 15% growth in sales within the UK's organic beauty and wellbeing sector. A staggering £11 million ($13.5 million) is being expended by consumers on certified organic and natural beauty and wellbeing products each month.

Furthermore, major industry players, such as BASF SE, a prominent Germany-based chemical company, have entered the realm of certified sustainable personal care ingredients derived from coconut oil. BASF's certification under the Rainforest Alliance Mass Balance Coconut certification scheme exemplifies the industry's commitment to eco-friendly sourcing and production practices. This unwavering dedication to organic personal care products is poised to provide enduring support to the oleochemicals market's impressive growth trajectory.

Get More Information On The Oleochemicals Market Report:
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The oleochemicals market segments in the report are:
1) By Product: Fatty Acid; Fatty Acid Methyl Ester; Glycerol Esters; Fatty Alcohol; Fatty Amines; Other Products
2) By Application: Personal Care And Cosmetics; Soap And Detergents; Food And Beverages; Pharmaceuticals And Nutraceuticals; Others Applications
3) By Sales Channel: Direct; Indirect

The table of contents in TBRC’s oleochemicals market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure

......

19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Oleochemicals Conclusions And Recommendations
23. Appendix

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Issued By The Business Research Company
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Categories Industry , Reports , Research
Tags oleochemicals market , oleochemicals market size , oleochemicals market share
Last Updated October 26, 2023