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Global Edible Oil Co-Products and By-Products Market - Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Edible Oil Co-Products and By-Products Market
Global edible oil co-products and by-products market was valued at US $ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Edible Oil Co-Products and By-Products Market
Edible oils are usually plant-based oils. They may be either solid or liquid at room temperature. The plant-derived or the plant-based edible oils infuse carboxylic acids along with long hydrocarbon chains. Whereas the petroleum-based oils do not contain the carboxylic group.
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Market Dynamics: Edible Oil Co-Products and By-Products Market
Increase in the use of edible oils in various applications is the key factor attributed for the growth of the edible oil co-products and by-products market. The increasing introduction of new varieties of edible oils is enhancing the growth of the market. The environmental concerns have added fuel to the demand of biodegradable products which is anticipated to drive the growth of the edible oil co-products and by-products market. However, the high cost involved in the production is hampering the growth of the edible oil co-products and by-products market.
Market Scope: Edible Oil Co-Products and By-Products Market
Edible oil co-products and by-products market are segmented based on the product type, and end-user
Based on the product type, the market is segmented into the following:
• Dried Soap Stock
• Hard Oil Fatty Acid Distillate
• Pure Soft Oil Fatty Acid Distillate
• Mixed Soft Oil Fatty Acid Distillate
• Stearic Acid
• Earth Distillate
• Sludge
• Others
Based on the end user, the market is segmented into the following:
• Soaps and Detergent
• Intermediate Chemical
• Personal Care Products
• Animal Feed
• Tocopherol
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Regional Analysis: Edible Oil Co-Products and By-Products Market
Geographically, global edible oil co-products and by-products market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific edible oil co-products and by-products market hold the largest share when compared with that of the other regional markets owing to its higher consumption. North America fall next to the Asia Pacific, holding the second largest share in edible oil co-products and by-products market. The Middle East region is showing growth in the market due to the extensive use of the co-products and by-products for the production of detergents and soaps. Egypt and Morocco contribute the growth in the Middle East.
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Competition Assessment: Edible Oil Co-Products and By-Products Market
Some of the players in the global edible oil co-products and by-products market include:
• Chinatex Corporation (China)
• Fuji Oil Co, Ltd. (Japan)
• The Savola Group (Saudi Arabia)
• PT Intiboga Sejahtera (Indonesia)
• IOI Corporation Berhad (Malaysia)
• CHS Inc. (U.S)
Notable Market Developments: Edible Oil Co-Products and By-Products Market
In October 2017, Cargill Foods has expanded its food retailing business in the country to include more edible oil brands, wheat derivatives, and vegetable proteins.
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