Oleochemicals Market Size

Oleochemicals Market size was valued at USD 38.64 billion in 2024 and is anticipated to reach USD 86.3 billion by the end of 2037, expanding at around 6.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of oleochemicals is assessed at USD 40.62 billion. The growth of the market can be attributed to the dynamic expansion in various end-use industries comprising textile, pharmaceuticals, food processing, and so on, coupled with the surging demand for chemical-free natural and organic cosmetics, and personal care products across the globe. For instance, from around USD 32 billion in 2021, the worldwide revenue for natural cosmetics and personal care is predicted to rise to around USD 60 billion by the year 2030. Since oleochemicals are derived from natural sources such as plant and animal fats. Therefore, they have been highly utilized in the production of organic and natural beauty products.

In addition to these, factors that are believed to fuel the market growth of oleochemicals include the surging preference for sustainable packaging among consumers throughout the world. Based on a survey figure conducted in 2020, more than 65% of the United States participants stated spending extra money on a product having sustainable packaging. In addition to this, the associated properties of oleochemicals are also estimated to spur the growth of the market as these green chemicals are highly safe, renewable, natural, and biodegradable in nature. Moreover, the easy availability of raw materials of oleochemicals is also anticipated to drive the growth of the global oleochemicals market in the coming years.