Deodorization Systems Market Size

Deodorization Systems Market size was valued at USD 3.67 billion in 2023 and is set to exceed USD 6.75 billion by 2036, expanding at over 4.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of deodorization systems is evaluated at USD 3.81 billion.

The surge in the adoption of deodorization systems on the back of rising production of edible oil is driving the growth of the market. Further, the increasing concerns for high nutritional value in edible oil for domestic purpose are boosting the market growth. Additionally, the rising consumer tendency towards cost efficient products along with the increasing environmental concerns is driving the demand for deodorization systems. Globally, rising industrialization is leading to the increased usage of nanoneutralization deodorization technology owing to enhancement in refining operations. Driven by these prominent factors along with the growth in oil industry.