Oleochemicals Market Segmentation:
Product Type Segment Analysis
The fatty acid segment is estimated to account for 48% market share by 2035, propelled by increasing usage of bio-based fatty acid in the production of various personal care and organic cosmetics products such as creams, soaps, lotions, and others, followed by the surging demand for fatty acid in various end-use industries such as pharmaceuticals, food and beverage, cosmetics, and so on. For instance, in 2021, the global revenue from the natural and organic cosmetics sector was estimated to be approximately USD 12 billion. In addition to this, fatty acid acts as a vital basic material in the manufacturing of several secondary compounds comprising biocides, toiletry, softeners, elastomers, bio-wax, and so on for various industries.
Application Segment Analysis
The food & beverages segment is expected to garner around 38% share by 2035. escalating use of bio-based stabilizers, thickeners, and other types of food additives in the food and beverage industry. On the other hand, the pharmaceutical & personal care segment is projected to witness a massive CAGR during the forecast period, on the back of rising deployment of oleochemicals in the production of numerous kinds of pharmaceutical drugs and personal care products, coupled with the massively rising demand for pharmaceutical drugs, and bio-based personal care products throughout the world.
Our in-depth analysis of the global market includes the following segments:
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