Market revenue in 2024 | USD 283.9 million |
Market revenue in 2030 | USD 363.7 million |
Growth rate | 4.2% (CAGR from 2024 to 2030) |
Largest segment | Edible oils & fats |
Fastest growing segment | Edible Oils & Fats |
Historical data covered | 2018 - 2023 |
Base year for estimation | 2024 |
Forecast period covered | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Edible Oils & Fats |
Edible oils & fats was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Latin America activated bleaching earth market based on edible oils & fats covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America region significantly contributes to the global revenue share. This region is influenced by growth in the vegetable oil industry in Argentina and Brazil as well as by high rate of population growth.
High growth is mainly accounted to increased production of soybean and sunflower oil, which contributes to high demand of activated bleaching earth for refining and discoloration of oil.
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