Global Oleochemicals Market Size & Outlook, 2023-2030

The oleochemicals industry worldwide is expected to reach a projected revenue of US$ 40,330.4 million by 2030. A compound annual growth rate of 7.4% is expected of the worldwide oleochemicals industry from 2024 to 2030.
Revenue, 2023 (US$M)
$24,417.0
Forecast, 2030 (US$M)
$40,330.4
CAGR, 2024 - 2030
7.4%
Report Coverage
Worldwide

Global oleochemicals market highlights

  • The global oleochemicals market generated a revenue of USD 24,417.0 million in 2023 and is expected to reach USD 40,330.4 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 7.4% by 2030.
  • In terms of segment, glycerol esters accounted for a revenue of USD 8,701.9 million in 2023.
  • Fatty Acid Methyl Ester is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.
  • Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 24,417.0 million
Market revenue in 2030USD 40,330.4 million
Growth rate7.4% (CAGR from 2023 to 2030)
Largest segmentGlycerol esters
Fastest growing segmentFatty Acid Methyl Ester
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSpecialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines, Other Products

Other key industry trends

  • In terms of revenue, the North America accounted for 20.0% of the global oleochemicals market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, South Africa is the fastest growing regional market and is projected to reach USD 189.5 million by 2030.

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Oleochemicals Market Companies

Name Profile # Employees HQ Website

Global oleochemicals market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oleochemicals market will help companies and investors design strategic landscapes.


Glycerol esters was the largest segment with a revenue share of 35.64% in 2023. Horizon Databook has segmented the Global oleochemicals market based on specialty esters, fatty acid methyl ester, glycerol esters, alkoxylates, fatty amines, other products covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Oleochemicals Product Outlook (Revenue, USD Million, 2018-2030)
    • Specialty Esters
    • Fatty Acid Methyl Ester
    • Glycerol Esters
    • Alkoxylates
    • Fatty Amines
    • Other Products
  • Global Oleochemicals Application Outlook (Revenue, USD Million, 2018-2030)
    • Personal Care & Cosmetics
    • Consumer Goods
    • Food Processing
    • Textiles
    • Paints & Inks
    • Industrial
    • Healthcare & Pharmaceuticals
    • Polymer & Plastic Additives
    • Other Applications

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Target buyers of Global oleochemicals market databook

  • Our clientele includes a mix of oleochemicals market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global oleochemicals market , including forecasts for subscribers. This global databook contains high-level insights into Global oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global oleochemicals market size, by regions, 2018-2030 (US$M)

Top 10 countries: Oleochemicals market size, 2023 (US$M)

Global oleochemicals market share, by product, 2023 & 2030 (%, US$M)

Oleochemicals market: Opportunity assessment by country

Global oleochemicals market, by region, 2023 (US$M)

Global oleochemicals market size, by regions, 2018-2030 (US$M)

Product 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 CAGR
North America 3,681.1 3,989.0 3,879.2 4,188.0 4,529.9 4,888.3 5,260.3 5,668.5 6,099.4 6,548.4 7,047.6 7,593.4 8,190.8 7.7%
Europe 5,177.9 5,582.6 5,401.3 5,801.6 6,243.0 6,702.4 7,175.6 7,692.7 8,234.7 8,795.0 9,377.4 10,009.4 10,695.7 6.9%
Asia Pacific 7,351.0 8,022.1 7,855.6 8,539.8 9,299.9 10,103.8 10,945.7 11,873.6 12,860.0 13,896.5 14,983.7 16,174.0 17,478.4 8.1%
Latin America 1,493.2 1,589.6 1,518.2 1,609.3 1,708.6 1,809.3 1,910.0 2,018.5 2,129.1 2,240.2 2,422.2 2,621.8 2,841.0 6.7%
MEA 822.6 861.9 809.7 843.5 879.3 913.2 944.5 976.8 1,006.9 1,034.0 1,064.2 1,094.5 1,124.6 3.0%
Overall 18,525.8 20,045.2 19,463.9 20,982.1 22,660.6 24,416.9 26,236.1 28,230.0 30,330.1 32,514.0 34,895.0 37,493.0 40,330.5 7.4%

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