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Overview of Edible Oil Co-Products and By-Products Market Report 2017: Analysis, Size, Growth, Trends and Forecast till 2024

07-09-2018 09:11 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Overview of Edible Oil Co-Products and By-Products Market

As per TMR’s estimations, the demand for edible oil co-products and by-products is expected to rise from 388,944.3 tons in 2015 to 559,775.89 tons by 2024 end, expanding at a CAGR of 4.20% between 2016 and 2024. In terms of value, the market is expected to report a CAGR of 5.0% during the same time period. Dried soap stock, pure soft oil fatty acid distillate, hard oil fatty acid distillate, mixed soft oil fatty acid distillate, sludge, palmitic acid, pure acid oil, stearic acid, and earth distillate have been considered as the key products available in this market in this report. Among these, the demand for dried soap stocks is projected to rise considerably in the near future, establishing them as the leading product segment, notes the market study.

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Egypt to Maintain Dominance on Middle East Edible Oil Co-Products and By-Products Market

In terms of domestic markets, the report bifurcates the Middle East edible oil co-products and by-products market into Iran, Sudan, Egypt, Morocco, Turkey, Algeria, and the Kingdom of Saudi Arabia. Among these, Egypt has acquired the dominance, thanks to a significantly high demand of dried soap stock in this country. With the rising demand for personal care products in Egypt, this domestic market is likely to remain on the leading position over the forthcoming years, states the research report.

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Increasing Investment in Oil Industry Supports Middle East Edible Oil Co-Products and By-Products Market

“The increasing investments in the edible oil industry in the Middle East, resulting in a considerable increase in workforce, rising number of factories, and improvement in the overall manufacturing capacity, is the main factor that has been boosting the Middle East edible oil co-products and by-products market. The rising affluence of people residing in this region is also propelling the growth of this regional market remarkably, reports the research study.

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Transparency Market Research (TMR) is leader in analytics, research, and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a preeminent provider of cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who hold a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence.

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