Oleic Acid Market cross value of US$ 400 Mn by 2030

Oleic Acid from Sheep Grass-fed Tallow Creates Opportunities to Develop COVID-19 Tablets

A proposed medicament has emerged as a solution to stop the spread of COVID-19 (coronavirus). Scientists and researchers are conducting a systematic review of a mixture of oleic acids extracted from cows and plants that can be fabricated to develop COVID-19 tablets and syrups. Interesting analogies of fatty acids in soap are being correlated with oleic acids, which are also a form of naturally occurring fatty acids. Since soap is a mixture of fatty acids used in cleaning and washing applications, manufacturers in the oleic acid market are capitalizing on the research on oleic acid tablets and syrups that hold promising potentials in curing the COVID-19 infection. Researchers are focused on acquiring oleic acids from cows and sheep grass-fed tallow and augment its medicinal uses in the form of tablets and syrups for curing the infection.

On the other hand, the COVID-19 has significantly impacted the chemical distribution sector. Supply chains have been disrupted. Order volumes for companies have also been adversely affected. Lockdown measures implemented by countries across the globe have significantly hampered the production cycles for commercial and industrial sectors. The COVID-19 pandemic has substantially impacted the global oleochemicals industry. This, in turn, has adversely affected the demand for oleic acid. Decrease in availability of labor, low production rates, and stockpiled inventory issues are estimated to significantly hamper the supply of oleic acid in the near future. A weakened consumer sentiment is likely to exacerbate the demand side of the global oleochemicals industry, including oleic acids, thus impacting the growth of the oleic acid market.

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High Olive Oil Consumption in Mediterranean Region and South Korea

Oleic acid is abundantly found in olive oil. This monounsaturated fatty acid (MUFA) is acquiring popularity, since it acts as a regulator of the body’s immune function. Moreover, oleic acid serves as a substitute to dietary saturated fat, which helps reduce the risks of cardiovascular diseases (CVD) in individuals. Thus, individuals with cholesterol issues are opting for olive oil, and companies in the oleic acid market are also increasing their production capacities of olive oil.

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Food applications are the key revenue-generating sources for companies in the oleic acid market. Manufacturers are targeting customers in the Mediterranean region, as people here have a high intake of MUFA via olive oil. It has been found that the Hanwoo beef industry in South Korea is also inclining toward olive oil consumption, as their diet mainly contains saturated fatty acids that create health concerns for people. Oleic acid’s cholesterol-lowering benefits are being highly preferred by individuals with CVDs.

High Omega-6 Intake May Lead to Weight Gain and Obesity

Apart from olive oil, even sunflower oil is rich in oleic acid. However, high consumption of omega-6 content can lead to negative health outcomes such as weight gain and obesity. Hence, companies in the oleic acid market are educating their target customers about the right intake of sunflower oil to avoid risks of adverse health issues in individuals. Other food sources such as cheese, eggs, and macadamia oil are also rich in oleic acid. Thus, companies in poultry and dairy industry can capitalize on the need for food products high in oleic acid.

Cosmetics are another key application of fatty acids in the oleic acid market. Skincare brand Paula’s Choice is the flag-bearer of oleic acid in its cosmetic products, since it is a naturally occurring monounsaturated omega-9 fatty acid found in many plants including sea buckthorn, grape seeds, and olives.

Oleic Acid and Lipids Enhance Skin-calming Abilities of Personal Care Products

Increased customer inclination toward exotic plant-based products is creating value grab opportunities for manufacturers in the oleic acid market. New trends in the cosmetics industry are bolstering the growth of the oleic acid market, which is estimated to cross a revenue of US$ 400 Mn by the end of 2030. Since topical application of oleic acid alone can disrupt the skin’s barrier, cosmetic companies are blending oleic acid with other fatty acids to produce skincare products. These products are further leveraged with skin-beneficial ingredients that generate desirable outcomes in individuals after application.

Cosmetic companies are increasing their R&D efforts to combine oleic acid with other lipids to improve the skin-calming abilities of products. Customers with dry and sensitive skin are opting for skincare products involving oleic acid.

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USP/NF Standards Set Benchmark for Oleic Acids Used in Pharmaceuticals

Companies in the oleic acid market are improving their distribution chains to offer halal-certified, and United States Pharmacopeia (USP) and the National Formulary (NF)-accredited ingredients to end users. For instance, Univar Solutions is offering a broad range of oleic acids made from a variety of feedstock that complies with the USP/NF standards. Manufacturers in the oleic acid market are tapping into incremental opportunities in therapeutics and the pharmaceutical industry to broaden their revenue streams.

Manufacturers are increasing the availability of oleic acids with varying iodine values to boost product uptake in the market. They are improving their production capabilities to offer private label oleic acids that meet specific requirements of end users. Companies are partnering with world-class suppliers and fleet owners to maintain stable supply chains with customers.

FMCG Products Offer Growth Opportunities for Stable Revenue Streams

FMCG products such as detergents, soaps, and liquid hand washes are creating stable revenue streams for manufacturers in the oleic acid market. Companies are further broadening their revenue streams by unlocking growth opportunities in maintenance products, printing inks, and cosmetics. As such, oleic acids function as intermediates for the synthesis of salts, esters, and dimer acids. In terms of production and consumption, Asia Pacific holds the lion’s share among all regions in the oleic acid market.

Significant increase in the global consumption of palm-based oleochemical products has catalyzed the demand for oleic acid. Fuels, lubricants, and petrochemicals hold lucrative growth opportunities for producers of fatty acids. As such, there is growing demand for naturally derived fatty acids sourced from vegetable origin such as palm, sunflower, and canola. Oleic acids resistant to oxidation and rancidity are being highly preferred by end users.

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Analysts’ Viewpoint

Plant-derived fatty acids hold promising potentials in developing COVID-19 tablets and syrups. The concept of healthy fats via keto diet is increasingly capturing the attention of health-conscious individuals. However, the high consumption of omega-6 content from olive and sunflower oil can result in weight gain and obesity. Hence, companies should educate consumers about appropriate intake of oleic acids via edible oils with the help of engaging advertisements.

Manufacturers are increasing the availability of different grades of oleic acids that are kosher and halal-certified. They are increasing efforts to comply with the production standards set by the USP/NF in order to gain global recognition.