Canada Oleochemicals Market Size & Outlook, 2023-2030

The oleochemicals market in Canada is expected to reach a projected revenue of US$ 1,081.3 million by 2030. A compound annual growth rate of 7.1% is expected of Canada oleochemicals market from 2024 to 2030.
Revenue, 2023 (US$M)
$669.2
Forecast, 2030 (US$M)
$1,081.3
CAGR, 2024 - 2030
7.1%
Report Coverage
Canada

Canada oleochemicals market highlights

  • The Canada oleochemicals market generated a revenue of USD 669.2 million in 2023 and is expected to reach USD 1,081.3 million by 2030.
  • The Canada market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
  • In terms of segment, glycerol esters was the largest revenue generating product in 2023.
  • Fatty Acid Methyl Ester is the most lucrative product segment registering the fastest growth during the forecast period.


Oleochemicals market data book summary

Market revenue in 2023USD 669.2 million
Market revenue in 2030USD 1,081.3 million
Growth rate7.1% (CAGR from 2023 to 2030)
Largest segmentGlycerol esters
Fastest growing segmentFatty Acid Methyl Ester
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSpecialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines, Other Products
Key market players worldwideEvonik Industries AG, Wilmar International Ltd, Kao Corp, Corbion NV, Cargill, Godrej, IOI Corp Bhd, Vantage Specialty Chemicals, Emery Oleochemicals, Oleon, Evyap, Sakamoto Yakuhin Kogyo, The Stephan Co


Other key industry trends

  • In terms of revenue, Canada accounted for 2.7% of the global oleochemicals market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. oleochemicals market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 5,835.0 million by 2030.

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Oleochemicals Market Companies

Name Profile # Employees HQ Website

Canada 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 35.51% in 2023. Horizon Databook has segmented the Canada 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.


Oleochemicals market growth in Canada can be attributed to growing demand for natural and biobased products from several end use applications such as personal care & cosmetics, textiles, food processing pharmaceuticals etc. 

Also, the product is being utilized as an alternative to petrochemicals due to the rising crude oil prices which is expected to favorably influence the market growth in the country over the forecast period.

Moreover, the country is one of the major producers as well as exporter for rapeseed which is one of the major raw materials for the production of specialty oleo chemicals. 

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  • Our clientele includes a mix of oleochemicals market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into Canada oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada oleochemicals market size, by product, 2018-2030 (US$M)

Canada Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)

Canada oleochemicals market size, by product, 2018-2030 (US$M)

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