Oleic Acid - Global Strategic Business Report

The global market for Oleic Acid was estimated at US$505.4 Million in 2024 and is projected to reach US$605.2 Million by 2030, growing at a CAGR of 3.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Oleic Acid market.

Global Oleic Acid Market - Key Trends & Drivers Summarized

Why Is Oleic Acid at the Forefront of Industrial and Consumer Product Formulations?

Oleic acid, a monounsaturated omega-9 fatty acid primarily derived from natural sources such as vegetable oils (notably olive oil, sunflower oil, and canola oil), has established itself as a multifunctional ingredient across diverse industries. Its chemical versatility, biodegradability, and emollient properties make it a preferred choice in sectors including food, cosmetics, pharmaceuticals, textiles, and industrial chemicals. In the personal care and cosmetics space, oleic acid acts as a skin-conditioning agent, penetration enhancer, and emulsifier in lotions, creams, soaps, and serums. Its compatibility with both oil and water phases enables it to serve as a stabilizing agent in a wide range of skincare formulations. In the food industry, it contributes to improved shelf life and heat stability, making it valuable in cooking oils and food additives. Additionally, oleic acid serves as a key intermediate in the manufacture of esters, lubricants, surfactants, and plasticizers in industrial applications. The rise in consumer demand for naturally derived, non-toxic, and biodegradable products is further elevating its appeal, especially in eco-conscious formulations. As oleic acid is derived from renewable feedstocks and exhibits a favorable safety and toxicological profile, its use is expanding in applications where sustainability and regulatory compliance are critical. Its multipurpose nature ensures continued demand across legacy and emerging product categories, solidifying its position as an essential fatty acid derivative in the global chemical value chain.

How Are Shifting Consumer Preferences and Green Chemistry Trends Impacting the Market?

Global shifts toward cleaner, greener, and health-conscious products are significantly influencing the demand for oleic acid, particularly in the personal care, food, and pharmaceutical sectors. In cosmetics, the rise of clean beauty and plant-based skincare has pushed formulators to seek naturally sourced emollients, with oleic acid emerging as a staple due to its skin-friendly profile and ability to enhance absorption of active ingredients. Similarly, in pharmaceuticals, oleic acid is increasingly being used as an excipient in topical and oral drug formulations due to its biocompatibility and solubilizing capabilities. In the food sector, health-conscious consumers are demanding oils rich in monounsaturated fats, spurring the use of high-oleic oils in packaged foods, cooking, and frying applications. The trend toward replacing trans fats and saturated fats in processed foods further reinforces this movement. Moreover, oleic acid’s role in green chemistry - particularly in the formulation of biodegradable lubricants, solvents, and surfactants - is aligning it with circular economy and zero-waste initiatives. Its plant-based origin allows manufacturers to meet demand for renewable and low-carbon raw materials without compromising performance. As global supply chains prioritize traceability, certifications like non-GMO, organic, and RSPO (for palm-based oleic acid) are becoming key purchasing criteria. These evolving consumer and industrial trends are positioning oleic acid as a strategic ingredient that delivers both functional benefits and alignment with sustainability-driven product development.

Is Technology Expanding the Applications and Quality of Oleic Acid?

Advancements in extraction, refining, and bioprocessing technologies are playing a crucial role in improving the purity, efficiency, and scalability of oleic acid production. Innovations in enzymatic processing and molecular distillation are enabling the production of high-purity oleic acid with minimal by-products and enhanced functional properties. This is particularly valuable for pharmaceutical and personal care applications, where consistency, odor neutrality, and microbiological stability are critical. Additionally, emerging bioengineering approaches are exploring microbial and algal synthesis routes as alternatives to traditional plant-based extraction, potentially reducing land use, seasonal dependency, and supply volatility. These biotech-based solutions can also yield customized oleic acid derivatives tailored to specific applications such as polymer additives, advanced coatings, or medical-grade formulations. In industrial sectors, oleic acid esters are gaining ground in metalworking fluids, corrosion inhibitors, and plasticizer markets, thanks to improved oxidative stability and environmental safety. Technology is also enabling better integration of oleic acid into complex formulations, supported by software-assisted formulation tools, AI-driven product testing, and real-time performance analytics. Additionally, packaging and logistics innovations are enhancing shelf life and transport efficiency for bulk buyers in cosmetics, food processing, and manufacturing. As oleic acid continues to evolve beyond its legacy uses, technology is broadening its functional scope and commercial viability, enabling companies to leverage it in high-value, high-performance formulations across sectors.

What’s Driving the Strong Growth Trajectory of the Oleic Acid Market Globally?

The growth in the oleic acid market is driven by several factors linked to rising demand for natural and multifunctional ingredients, expanding industrial applications, and supportive regulatory and sustainability frameworks. The increasing adoption of oleic acid in personal care and cosmetics is fueled by the global preference for clean-label, vegan, and skin-compatible ingredients, especially in moisturizers, anti-aging products, and organic soaps. In the food industry, growing awareness of the health benefits of monounsaturated fats is propelling demand for high-oleic oils and oleic acid-rich food products, particularly in North America and Europe. The pharmaceutical industry is another growth engine, leveraging oleic acid for drug delivery, emulsification, and solubilization in topical and oral medications. Industrial applications are expanding rapidly, particularly in the formulation of biodegradable lubricants, detergents, agrochemicals, and textile auxiliaries - driven by rising environmental regulations and the push for low-VOC, non-toxic alternatives. Moreover, the growth of oleochemical manufacturing in Asia-Pacific, especially in Malaysia, Indonesia, China, and India, is enhancing global supply capacity and lowering production costs. Regulatory approvals for food-grade and cosmetic-grade oleic acid, coupled with demand for certified sustainable and traceable raw materials, are further accelerating market penetration. As global industries continue to shift toward renewable, bio-based, and health-conscious ingredients, oleic acid is well-positioned to maintain its momentum, offering a rare combination of versatility, sustainability, and performance that aligns with the demands of a fast-changing global market.

Report Scope

The report analyzes the Oleic Acid market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: End-Use (Personal Care & Cosmetics End-Use, Food & Beverages End-Use, Soaps & Detergents End-Use, Pharmaceutical End-Use, Textile End-Use, Lubricants End-Use, Other End-Uses)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Personal Care & Cosmetics End-Use segment, which is expected to reach US$146.2 Million by 2030 with a CAGR of a 3.5%. The Food & Beverages End-Use segment is also set to grow at 1.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $137.7 Million in 2024, and China, forecasted to grow at an impressive 5.8% CAGR to reach $119.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Oleic Acid Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Oleic Acid Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Oleic Acid Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Akzo Nobel N.V., Ashland Global Holdings Inc., BASF SE, Cargill, Incorporated, Croda International Plc and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 32 Featured):

• Akzo Nobel N.V.
• Ashland Global Holdings Inc.
• BASF SE
• Cargill, Incorporated
• Croda International Plc
• Eastman Chemical Company
• Emery Oleochemicals
• Forchem Oyj
• Godrej Industries (Chemicals)
• Harima Chemicals Group, Inc.
• Ilim Group
• KLK Oleo Sdn. Bhd.
• Kraton Corporation
• Oleon NV
• PMC Biogenix
• Segezha Group
• The Dow Chemical Company
• Vantage Specialty Chemicals
• VVF L.L.C.
• Wilmar International Limited

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry