Global Edible Oil Co-Products and By-Products Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Edible Oil Co-Products and By-Products Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global edible oil co-products and by-products market report has been segmented on the basis of product type, end user, and region.
Global Edible Oil Co-Products and By-Products Market: Overview
Edible oil is defined as plant derived oils and are similar to those produced by the industrial biotech manufacturer for application in cosmetics, biodiesel, and other. Edible oils consist of nearly 96% triacylglycerides as well as composed of different fatty acid. The edible oils can be liquid or solid state at room temperature. Edible oils well-defined by the Canadian government as food substance other than a dairy product – whatsoever source, origin, and composition – that is manufactured for human consumption wholly or in part from – a fat or oil other than milk. The production of edible oil resulting into various co-products and bi-products and finds applications in varies industries.
Global Edible Oil Co-Products and By-Products Market: Dynamics
Growing oil and gas sectors is a major factor expected to drive growth revenue of the target market over the forecast period. In addition, rising dispersible income level, increasing demand for new tastes and flavors in developing economies, growing demand from industries such as cosmetics & personal care, and others., growing population are some of the other factors expected to increase demand of the edible oil co-products and by-products globally. However, lack of awareness about the benefits of edible oil co-products and by-products is under developing countries is a factor expected to hamper the growth of the target market to a certain extent.
Global Edible Oil Co-Products and By-Products Market: Segment Analysis
Among the product type segments, dried soap stock is expected to register significantly higher market share. This is primarily attributed to, increasing utilization of dried soap stock co-product in various animal feed. Among the end user segment, soaps and detergent is expected to register highest revenue share over the next 10 years. This is primarily to, higher per capita income level and rising demand for personal care products.
Global Edible Oil Co-Products and By-Products Market: Trend and Opportunity
Increasing environmental concern among individuals has resultant in adoption and usage of eco-friendly and biodegradable products with natural ingredients. This factor has in led changed manufacturer focus towards natural products owing to increasing awareness among the population regarding health and wellness is a current key trends observed in the target market.
Global Edible Oil Co-Products and By-Products Market: Regional Analysis
In 2018, the markets in Middle East and Africa is anticipated to relatively higher share in the target market over the forecast period. This is primarily due to, Iran is a major producer of soaps and detergents and rising number of oil factories as well as expanding overall manufacturing capacity. The demand for these products is significantly higher in Turkey than other country in Middle East region, owing to higher production of detergents and soaps and higher disposable income in the country.
Global Edible Oil Co-Products and By-Products Market Segmentation:
Segmentation by product type:
- Dried Soap Stock
- Hard Oil Fatty Acid Distillate
- Pure Soft Oil Fatty Acid Distillate
- Others (include, Mixed Soft Oil Fatty Acid Distillate, Pure Acid Oil, Palmitic Acid, Stearic Acid, etc.)
Segmentation by end user:
- Animal Feed
- Soaps and Detergent
- Personal Care Products
- Intermediate Chemical
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- VVF L.L.C.
- Cayman Chemical Company
- Rade Chemicals
- Chemipakhsh Iran Co. Ltd.
- Mallinath Group
- A & B Chemical Corporation
- Iran Chemical Provider Co.
- Genome Specialities Fzc
- Oleo Misr
- Arabian Environmental Protection Co. LLC.
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