From Palm to Product: Trends in the Oleochemicals Market

The oleochemicals market was estimated at USD 22.89 billion in 2022 and is likely to grow at a CAGR of 8.2% during 2023-2028 to reach USD 36.83 billion in 2028.

Natural raw materials like plant or animal fat are used as the main source of oleochemical production. Fatty acids and their derivatives are routinely purified, decolored, and deodorized using activated carbon. Oleochemicals are environmentally benign because they are biodegradable and have low toxicity. These products are regarded as natural, green, organic, secure, renewable, and biodegradable by both scientists and the general public. Scientists and consumers alike consider these items to be natural, green, organic, secure, regenerative, and biodegradable.