Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 638.59 Million | USD 1111.66 Million | 5.7% | 2024 |
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 grow due to increasing consumption of plant-derived oleochemicals, rising demand from the food & beverage and personal care industries, and growing applications in pharmaceuticals and industrial lubricants.
According to a study, the global oleic acid market size was worth around USD 638.59 Million in 2024 and is expected to reach USD 1111.66 Million by 2034.
The global oleic acid market is expected to grow at a CAGR of 5.7% during the forecast period.
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.
Leading players in the global oleic acid market include AkzoNobel N.V., BASF SE, Emery Oleochemicals, Vantage Specialty Chemicals, KLK Oleo, IOI Oleochemicals., Shuangma Chemical, among others.
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