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
BASF SE
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:
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.
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:
Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
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
Glycerin
By Application:
Food & Beverages
Chemicals
Animal Feed
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa