Report Description

Forecast Period

2024-2028

Market volume (2022)

260 thousand tons

CAGR (2023-2028)

3.81%

Fastest Growing Segment

Rapeseed Oil

Largest Market

Asia Pacific


Market Overview

Global Erucic Acid Market has volumed at 260 thousand tons in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.81% through 2028 to reach 322 thousand ton in 2028. driven by population growth, urbanization, changing consumer preferences, and increasing demand from various end-use industries, including food and beverage, personal care and cosmetics, pharmaceuticals, and industrial applications. While the market is relatively small compared to other oleochemicals, it has witnessed steady growth due to changing consumer preferences and industrial requirements. Continued emphasis on sustainable and bio-based products is expected to further drive the demand for erucic acid in the coming years.The global erucic acid market is a niche segment within the broader oleochemicals industry. Erucic acid, also known as docosenoic acid, is a long-chain monounsaturated fatty acid with 22 carbon atoms. It is primarily derived from rapeseed oil, mustard seed oil, and other vegetable oils.In the food and beverage sector, erucic acid finds application in the food industry, primarily as a food additive and emulsifier.

It is used in the production of margarine, spreads, baked goods, and confectionery items. Additionally, erucic acid is utilized in the formulation of food-grade lubricants. Erucic acid is also used in the personal care and cosmetics industry for manufacturing skincare products, hair care products, and cosmetics. It provides emollient properties and acts as a conditioning agent in various formulations.In the pharmaceuticals sector, erucic acid is employed in the pharmaceutical industry for the production of medicinal products, including ointments and creams. It serves as a base for topical formulations due to its emollient and moisturizing properties. Erucic acid finds applications in industrial sectors such as lubricants, plasticizers, and surfactants. It is used as a raw material to produce industrial lubricants due to its excellent lubricating properties. All these factors led to rise in the demand of the global erucic acid market in forecasted period. The global erucic acid market is characterized by the presence of several major players. Some of the key companies operating in this market include Croda International Plc, Cargill, Inc., BASF SE, Wilmar International Ltd, AkzoNobel N.V., and Emery Oleochemicals.

Key Market Drivers

Increasing Demand in Food and Beverage Industry is driving the demand for Global Erucic Acid Market

The global Erucic Acid market is experiencing a significant surge in demand, driven by the ever-expanding food and beverage industry. Erucic Acid, a long-chain monounsaturated fatty acid, is playing an increasingly vital role in various food applications due to its unique properties and benefits. In this article, we will explore how the growing demand in the food and beverage sector is propelling the Erucic Acid market forward.

Erucic Acid, primarily sourced from high-erucic acid rapeseed oil, has found its place in the food and beverage industry for several reasons that’s led to enhance their properties. Erucic Acid is known for its oxidative stability, making it a valuable ingredient for extending the shelf life of food products. It helps prevent rancidity and maintains the freshness of various food items, including baked goods, snacks, and spreads.

Erucic Acid contributes to the desirable texture and mouthfeel of certain food products, such as sauces, dressings, and margarine. Its unique properties make it an ideal choice for achieving the desired consistency and creaminess in these items. Erucic Acid acts as an effective emulsifier and stabilizer in food formulations. It helps combine ingredients that would otherwise separate, ensuring a uniform and appealing texture in products like salad dressings and sauces.

Erucic Acid sourced from high-erucic acid rapeseed oil is often perceived as non-GMO and plant-based, appealing to consumers seeking natural and sustainable ingredients. While the nutritional profile of Erucic Acid is subject to ongoing research, it is considered a potential source of monounsaturated fats, which are associated with heart health. This perception aligns with the growing consumer interest in healthier food choices. The clean label movement in the food and beverage industry is driving the demand for Erucic Acid as it is seen as a naturally derived ingredient without the need for chemical additives or preservatives.

The global food and beverage industry is witnessing a shift in consumer preferences towards processed and convenience foods. This shift is fueled by changing lifestyles, urbanization, and the need for on-the-go meal options. Erucic Acid's role as an ingredient that enhances the quality, stability, and flavor of these products makes it a valuable component in the formulation of processed and convenience foods. With the global population steadily increasing, the demand for food and beverage products is also on the rise. Erucic Acid's versatility in various applications positions it as an essential ingredient to meet the growing demand for high-quality, longer-lasting food products.

Therefore, the  increasing demand in the food and beverage industry is a driving force behind the growth of the global Erucic Acid market. Its unique properties and benefits, such as stability, texture enhancement, and clean label appeal, make it a sought-after ingredient in a wide range of food applications. As the food industry continues to evolve to meet consumer preferences and global challenges, Erucic Acid's significance is likely to grow, cementing its place as a valuable asset in the formulation of diverse food and beverage products.

Growing Personal Care and Cosmetics Industry demand Pushes the global erucic acid market growth

The global erucic acid market is experiencing growth, partly due to the increasing demand from the personal care and cosmetics industry. Erucic acid, a long-chain monounsaturated fatty acid primarily derived from high-erucic acid rapeseed oil, has found various applications in personal care and cosmetics.

Erucic acid is valued in the personal care and cosmetics industry for its emollient properties. It helps moisturize and soften the skin and hair, making it a desirable ingredient in creams, lotions, shampoos, conditioners, and other skincare and haircare products. As consumers increasingly prioritize products that enhance skin and hair health, the demand for erucic acid in these formulations is rising.

Erucic acid contributes to the texture and sensory appeal of personal care products. It helps create smooth and creamy textures in cosmetics, providing a luxurious feel during application. This aspect is crucial for enhancing the user experience and is particularly sought after in premium and high-end skincare and cosmetic products.

Cosmetics and personal care products often contain oils and fats that can become rancid over time, leading to product spoilage. Erucic acid's oxidative stability helps extend the shelf life of these products by preventing lipid oxidation, ensuring that consumers receive effective and safe products.

Erucic acid sourced from high-erucic acid rapeseed oil is viewed as a natural and plant-based ingredient, aligning with the clean beauty and natural cosmetics trends. Consumers are increasingly seeking products that incorporate naturally derived ingredients, and erucic acid fits well within this trend.

In hair care products, erucic acid can help improve hair manageability, shine, and overall health. This makes it a valuable ingredient in shampoos, conditioners, and styling products as consumers seek solutions for maintaining and enhancing the appearance and health of their hair.

Erucic acid's unique properties make it suitable for niche and specialty personal care and cosmetics products. This includes products designed for specific skin or hair concerns, premium anti-aging formulations, and specialized treatments, further expanding its market reach.

The global beauty and wellness industry is experiencing rapid growth, driven by evolving consumer preferences for self-care and well-being. This trend has created a demand for innovative and effective personal care and cosmetic products, in which erucic acid can play a vital role.

Cosmetic and personal care product manufacturers are continually innovating to meet consumer demands for better performance, safety, and sustainability. Erucic acid's versatility and compatibility with various formulations make it an attractive option for product development.

Therefore, the personal care and cosmetics industry's growing demand for erucic acid is driven by its versatile properties and its alignment with consumer preferences for natural, effective, and high-quality products. As the beauty and wellness market continues to expand, erucic acid is poised to play an increasingly significant role in meeting these demands, contributing to the overall growth of the global erucic acid market.

Shift towards Sustainable and Bio-based Products is Driving the global erucic acid Market

The global erucic acid market is experiencing growth, largely fueled by a notable shift toward sustainable and bio-based products. Erucic acid, a long-chain monounsaturated fatty acid primarily derived from high-erucic acid rapeseed oil, aligns with the growing demand for more environmentally friendly and renewable solutions.

Erucic acid is derived from natural sources, particularly high-erucic acid rapeseed oil, which is plant-based and renewable. As consumers increasingly seek products made from sustainable sources, erucic acid stands out as an attractive ingredient that aligns with these preferences.

The production of erucic acid from rapeseed oil tends to have a lower environmental footprint compared to some synthetic alternatives. Its biodegradability and lower impact on ecosystems contribute to its appeal in environmentally conscious markets.

Erucic acid is known for its biodegradable nature, making it an environmentally friendly choice in various applications. It is less likely to persist in the environment and contribute to pollution, aligning with sustainability goals.

Erucic acid's origin from natural sources often translates to clean label claims on product packaging. Consumers are increasingly scrutinizing ingredient lists, favoring products with fewer synthetic additives and chemicals. Erucic acid's clean and bio-based image resonates with these preferences.

The personal care, cosmetics, and food industries are adopting green chemistry principles and seeking bio-based ingredients. Erucic acid fits into the green chemistry framework by offering an alternative to conventional, petroleum-based ingredients. Regulatory agencies in various regions are promoting bio-based and sustainable products. Policies, incentives, and certifications that favor environmentally friendly ingredients encourage manufacturers to use erucic acid in their formulations.

Erucic acid's versatility extends to a wide range of applications, from cosmetics and personal care to food products and industrial uses. Its suitability for multiple industries allows it to tap into various markets that prioritize sustainability. Ongoing research and development efforts are expanding the range of applications for erucic acid. This includes bio-based plastics, lubricants, and biofuels, further enhancing its relevance in sustainable product development. Many companies are incorporating sustainability goals into their business strategies. Erucic acid is a valuable ingredient that supports these initiatives by contributing to the development of more sustainable and environmentally responsible products.

Hence, the global erucic acid market is benefiting from the growing shift toward sustainable and bio-based products. Erucic acid's natural origin, reduced environmental impact, and versatility in various applications position it as a key ingredient in the development of eco-friendly and renewable solutions. As consumer and industry demand for sustainable products continues to rise, erucic acid is likely to play an increasingly significant role in meeting these needs, driving the growth of the global erucic acid market.


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Key Market Challenges

Limited Consumer Awareness of Erucic Acid

Limited consumer awareness of erucic acid indeed poses a significant challenge for the global erucic acid market. Consumer awareness plays a crucial role in the acceptance and adoption of any ingredient, especially in industries like food, cosmetics, and personal care, where consumers are increasingly conscious of product ingredients and their potential effects. In today's market, consumers are more informed than ever and often base their purchasing decisions on factors such as product safety, health benefits, and ingredient transparency. Limited awareness of erucic acid can lead to skepticism and reduced confidence in products containing this ingredient. Manufacturers may face difficulties in marketing and promoting products containing erucic acid if consumers are unfamiliar with its properties and benefits. Effective marketing strategies require educating consumers about the ingredient's safety and advantages. These led to increasing consumer awareness of erucic acid is crucial for its acceptance and growth in the global market. Manufacturers, industry stakeholders, and regulatory bodies must collaborate to educate consumers, clarify any misconceptions, and highlight the ingredient's safety and benefits. Building consumer trust and confidence in erucic acid can help overcome the challenge of limited awareness and unlock its full potential in various applications.

Associated Research and development costs

The global erucic acid market is not without its challenges, and one of the key hurdles faced by industry players is the substantial research and development (R&D) costs associated with this unique fatty acid. Erucic acid, primarily sourced from high-erucic acid rapeseed oil, offers numerous advantages in various industries, but realizing its full potential requires significant investment in R&D. Erucic acid has found applications in food, cosmetics, personal care, and even industrial sectors due to its emollient properties, stability, and renewable sourcing. However, unlocking new applications and improving production processes demand ongoing research efforts, and these endeavors come with financial and resource burdens.

Key Market Trends

Growing Demand for Sustainable Ingredients

The global erucic acid market is witnessing a profound shift driven by the rising demand for sustainable ingredients. Erucic acid, primarily sourced from high-erucic acid rapeseed oil, is emerging as a sought-after solution in response to consumer and industry calls for eco-friendly and renewable alternatives. As sustainability becomes a paramount concern across various sectors, erucic acid's appeal lies in its natural origin and biodegradability. Industries, ranging from cosmetics to industrial applications, are increasingly turning to erucic acid to reduce their environmental footprint.

Consumers are gravitating toward products labeled as clean, green, and natural. Erucic acid fits this narrative perfectly, aligning with clean beauty trends and the desire for products derived from renewable sources. Its versatility ensures its relevance in an ever-expanding range of applications.

Renewable Lubricants and Industrial Applications

The global erucic acid market is experiencing a significant trend towards renewable lubricants and industrial applications. This shift is driven by a growing awareness of environmental concerns and the need for sustainable alternatives in the industrial sector.

Erucic acid, primarily sourced from high-erucic acid rapeseed oil, has emerged as a promising candidate for the development of renewable lubricants. Its biodegradable and eco-friendly nature makes it an attractive choice for industries seeking to reduce their environmental impact. Erucic acid-based lubricants offer effective performance while aligning with sustainability goals, making them an ideal option for machinery and equipment lubrication.

Furthermore, erucic acid's potential applications extend beyond lubricants. It is finding utility in the production of biodegradable plastics, specialty chemicals, and various industrial formulations. Its versatility and renewability position it as a valuable ingredient in the quest for greener and more sustainable industrial practices.

As industries continue to prioritize sustainability and eco-consciousness, erucic acid's role in renewable lubricants and industrial applications is expected to expand. This trend not only benefits the environment but also opens new avenues for erucic acid utilization in industries seeking eco-friendly solutions.

Segmental Insights

Source Insights

Based on the source, the Rapeseed Oil segment emerged as the fastest & dominant player in the global market for Euric acid in 2022. This can be attributed to its ample supply, natural and renewable sourcing, stringent quality control, versatility, and widespread market acceptance. These factors collectively position rapeseed oil as a leading and rapidly growing player in the erucic acid market.

Rapeseed oil is widely cultivated and readily available, ensuring a consistent and robust supply of erucic acid. This reliability appeals to manufacturers and industries seeking a stable source of this fatty acid. Rapeseed oil is a natural, plant-based source of erucic acid, aligning with the growing demand for sustainable and eco-friendly ingredients in various sectors, including cosmetics, food, and industrial applications. The rapeseed oil industry has established rigorous quality control measures to ensure the erucic acid content meets industry standards and regulatory requirements. This reliability and adherence to quality standards enhance its attractiveness to manufacturers.

Application  Insights

The Pharmaceuticals segment is projected to experience rapid growth during the forecast period. Erucic acid has garnered significant attention in the pharmaceutical industry for its potential therapeutic benefits. Research and clinical trials have explored erucic acid's applications in managing certain medical conditions, including neurological disorders and heart disease, driving increased demand from pharmaceutical manufacturers. Secondly, the pharmaceutical sector's stringent quality and safety standards align with the need for high purity erucic acid, ensuring that products meet regulatory requirements. Moreover, the rising global burden of chronic diseases has led to greater emphasis on developing novel pharmaceutical formulations, where erucic acid finds utility as an ingredient with potential health benefits. The Pharmaceuticals segment's dominant position underscores erucic acid's growing importance in medical research and therapeutic applications. This trend is expected to continue as further research validates its efficacy and expands its role in pharmaceutical formulations.


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Regional Insights

The Asia Pacific region is a significant consumer and producer of erucic acid. Countries like China and India have a large population base, robust industrial sectors, and a growing food and personal care industry, driving the demand for erucic acid in the region.

North America is another important market for erucic acid, primarily driven by the presence of a well-established food and beverage industry. The region also witnesses demand from the personal care and cosmetics sector due to a high level of consumer spending.

Europe has a mature market for erucic acid, with demand driven by the food industry and stringent regulations governing the use of additives. The region also emphasizes sustainable and bio-based products, which contributes to the market growth. Other regions, such as South America and the Middle East, are experiencing a gradual increase in the consumption of erucic acid. This growth can be attributed to the expanding industrial and personal care sectors in these regions.

Recent Developments

  • In 2021, Avril acquired the erucic acid business of Oleon, making it a major player in the global erucic acid market.
  • In 2020, Cargill acquired the erucic acid business of Croda International. These mergers and acquisitions have helped to create a number of stronger players in the global erucic acid market. This is expected to lead to increased competition and innovation in the market, which is likely to benefit consumers.
  • In 2019, Evonik Industries acquired the erucic acid business of Lonza Group. The acquisition of Lonza's erucic acid business gave Evonik access to Lonza's expertise and production capacity in the erucic acid market.

Key Market Players

  • Bunge Limited
  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • Perdue Farms
  • Vantage Specialty Chemicals, Inc.
  • Godrej Industries Limited
  • Wilmar International Limited

By Source

By Grade

By Application

By Region

  • Rapeseed Oil
  • Canola
  • Tame Mustard
  • Fish
  • Others
  • Low
  • High
  • Plastic
  • Printing Ink
  • Personal Care
  • Rubber
  • Pharmaceuticals
  • Others
  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa
Report Scope:

In this report, the Global Erucic Acid Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Erucic Acid Market, By Source:

o   Rapeseed Oil

o   Canola

o   Tame Mustard

o   Fish

o   Others

  • Erucic Acid Market, By Grade:

o   Low

o   High  

  • Erucic Acid Market, By Application:

o   Plastic

o   Printing Ink

o   Personal Care

o   Rubber

o   Pharmaceuticals

o   Others

  • Erucic Acid Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Erucic Acid Market.

Available Customizations:

Global Erucic Acid Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Erucic Acid Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]               

Table of content

1.    Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1.   Markets Covered

1.2.2.   Years Considered for Study

1.2.3.   Key Market Segmentations

2.    Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Applications

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3.    Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Global Erucic Acid Market

5.    Voice of Customer

6.    Global Erucic Acid Market Outlook

6.1. Market Size & Forecast

6.1.1.   By Value & Volume

6.2. Market Share & Forecast

6.2.1.   By Source (Rapeseed Oil, Canola, Tame Mustard, Fish, Others)

6.2.2.   By Grade (Low and High)

6.2.3.   By Application (Plastic, Printing Ink, Personal Care, Rubber, Pharmaceuticals, Others)

6.2.4.   By Region

6.2.5.   By Company (2022)

6.3. Market Map

7.    Asia Pacific Erucic Acid Market Outlook

7.1. Market Size & Forecast

7.1.1.   By Value & Volume

7.2. Market Share & Forecast

7.2.1.   By Source

7.2.2.   By Grade

7.2.3.   By Application

7.2.4.   By Country

7.3. Asia Pacific: Country Analysis

7.3.1.   China Erucic Acid Market Outlook

7.3.1.1.      Market Size & Forecast

7.3.1.1.1.         By Value & Volume

7.3.1.2.      Market Share & Forecast

7.3.1.2.1.         By Source

7.3.1.2.2.         By Grade

7.3.1.2.3.         By Application

7.3.2.   India Erucic Acid Market Outlook

7.3.2.1.      Market Size & Forecast

7.3.2.1.1.         By Value & Volume

7.3.2.2.      Market Share & Forecast

7.3.2.2.1.         By Source

7.3.2.2.2.         By Grade

7.3.2.2.3.         By Application

7.3.3.   Australia Erucic Acid Market Outlook

7.3.3.1.      Market Size & Forecast

7.3.3.1.1.         By Value & Volume

7.3.3.2.      Market Share & Forecast

7.3.3.2.1.         By Source

7.3.3.2.2.         By Grade

7.3.3.2.3.         By Application

7.3.4.   Japan Erucic Acid Market Outlook

7.3.4.1.      Market Size & Forecast

7.3.4.1.1.         By Value & Volume

7.3.4.2.      Market Share & Forecast

7.3.4.2.1.         By Source

7.3.4.2.2.         By Grade

7.3.4.2.3.         By Application

7.3.5.   South Korea Erucic Acid Market Outlook

7.3.5.1.      Market Size & Forecast

7.3.5.1.1.         By Value & Volume

7.3.5.2.      Market Share & Forecast

7.3.5.2.1.         By Source

7.3.5.2.2.         By Grade

7.3.5.2.3.         By Application

8.    Europe Erucic Acid Market Outlook

8.1. Market Size & Forecast

8.1.1.   By Value & Volume

8.2. Market Share & Forecast

8.2.1.   By Source

8.2.2.   By Grade

8.2.3.   By Application

8.2.4.   By Country

8.3. Europe: Country Analysis

8.3.1.   France Erucic Acid Market Outlook

8.3.1.1.      Market Size & Forecast

8.3.1.1.1.         By Value & Volume

8.3.1.2.      Market Share & Forecast

8.3.1.2.1.         By Source

8.3.1.2.2.         By Grade

8.3.1.2.3.         By Application

8.3.2.   Germany Erucic Acid Market Outlook

8.3.2.1.      Market Size & Forecast

8.3.2.1.1.         By Value & Volume

8.3.2.2.      Market Share & Forecast

8.3.2.2.1.         By Source

8.3.2.2.2.         By Grade

8.3.2.2.3.         By Application

8.3.3.   Spain Erucic Acid Market Outlook

8.3.3.1.      Market Size & Forecast

8.3.3.1.1.         By Value & Volume

8.3.3.2.      Market Share & Forecast

8.3.3.2.1.         By Source

8.3.3.2.2.         By Grade

8.3.3.2.3.         By Application

8.3.4.   Italy Erucic Acid Market Outlook

8.3.4.1.      Market Size & Forecast

8.3.4.1.1.         By Value & Volume

8.3.4.2.      Market Share & Forecast

8.3.4.2.1.         By Source

8.3.4.2.2.         By Grade

8.3.4.2.3.         By Application

8.3.5.   United Kingdom Erucic Acid Market Outlook

8.3.5.1.      Market Size & Forecast

8.3.5.1.1.         By Value & Volume

8.3.5.2.      Market Share & Forecast

8.3.5.2.1.         By Source

8.3.5.2.2.         By Grade

8.3.5.2.3.         By Application

9.    North America Erucic Acid Market Outlook

9.1. Market Size & Forecast

9.1.1.   By Value & Volume

9.2. Market Share & Forecast

9.2.1.   By Source

9.2.2.   By Grade

9.2.3.   By Application

9.2.4.   By Country

9.3. North America: Country Analysis

9.3.1.   United States Erucic Acid Market Outlook

9.3.1.1.      Market Size & Forecast

9.3.1.1.1.         By Value & Volume

9.3.1.2.      Market Share & Forecast

9.3.1.2.1.         By Source

9.3.1.2.2.         By Grade

9.3.1.2.3.         By Application

9.3.2.   Mexico Erucic Acid Market Outlook

9.3.2.1.      Market Size & Forecast

9.3.2.1.1.         By Value & Volume

9.3.2.2.      Market Share & Forecast

9.3.2.2.1.         By Source

9.3.2.2.2.         By Grade

9.3.2.2.3.         By Application

9.3.3.   Canada Erucic Acid Market Outlook

9.3.3.1.      Market Size & Forecast

9.3.3.1.1.         By Value & Volume

9.3.3.2.      Market Share & Forecast

9.3.3.2.1.         By Source

9.3.3.2.2.         By Grade

9.3.3.2.3.         By Application

10. South America Erucic Acid Market Outlook

10.1.            Market Size & Forecast

10.1.1.               By Value & Volume

10.2.            Market Share & Forecast

10.2.1.               By Source

10.2.2.               By Grade

10.2.3.               By Application

10.2.4.               By Country

10.3.            South America: Country Analysis

10.3.1.               Brazil Erucic Acid Market Outlook

10.3.1.1.   Market Size & Forecast

10.3.1.1.1.      By Value & Volume

10.3.1.2.   Market Share & Forecast

10.3.1.2.1.      By Source

10.3.1.2.2.      By Grade

10.3.1.2.3.      By Application

10.3.2.               Argentina Erucic Acid Market Outlook

10.3.2.1.   Market Size & Forecast

10.3.2.1.1.      By Value & Volume

10.3.2.2.   Market Share & Forecast

10.3.2.2.1.      By Source

10.3.2.2.2.      By Grade

10.3.2.2.3.      By Application

10.3.3.               Colombia Erucic Acid Market Outlook

10.3.3.1.   Market Size & Forecast

10.3.3.1.1.      By Value & Volume

10.3.3.2.   Market Share & Forecast

10.3.3.2.1.      By Source

10.3.3.2.2.      By Grade

10.3.3.2.3.      By Application

11. Middle East and Africa Erucic Acid Market Outlook

11.1.            Market Size & Forecast

11.1.1.               By Value & Volume

11.2.            Market Share & Forecast

11.2.1.               By Source

11.2.2.               By Grade

11.2.3.               By Application

11.2.4.               By Country

11.3.            MEA: Country Analysis

11.3.1.               South Africa Erucic Acid Market Outlook

11.3.1.1.   Market Size & Forecast

11.3.1.1.1.      By Value & Volume

11.3.1.2.   Market Share & Forecast

11.3.1.2.1.      By Source

11.3.1.2.2.      By Grade

11.3.1.2.3.      By Application

11.3.2.               Saudi Arabia Erucic Acid Market Outlook

11.3.2.1.   Market Size & Forecast

11.3.2.1.1.      By Value & Volume

11.3.2.2.   Market Share & Forecast

11.3.2.2.1.      By Source

11.3.2.2.2.      By Grade

11.3.2.2.3.      By Application

11.3.3.               UAE Erucic Acid Market Outlook

11.3.3.1.   Market Size & Forecast

11.3.3.1.1.      By Value & Volume

11.3.3.2.   Market Share & Forecast

11.3.3.2.1.      By Source

11.3.3.2.2.      By Grade

11.3.3.2.3.      By Application

11.3.4.               Kuwait  Erucic Acid Market Outlook

11.3.4.1.   Market Size & Forecast

11.3.4.1.1.      By Value & Volume

11.3.4.2.   Market Share & Forecast

11.3.4.2.1.      By Source

11.3.4.2.2.      By Grade

11.3.4.2.3.      By Application

11.3.5.               Turkey Erucic Acid Market Outlook

11.3.5.1.   Market Size & Forecast

11.3.5.1.1.      By Value & Volume

11.3.5.2.   Market Share & Forecast

11.3.5.2.1.      By Source

11.3.5.2.2.      By Grade

11.3.5.2.3.      By Application

11.3.6.               Egypt Erucic Acid Market Outlook

11.3.6.1.   Market Size & Forecast

11.3.6.1.1.      By Value & Volume

11.3.6.2.   Market Share & Forecast

11.3.6.2.1.      By Source

11.3.6.2.2.      By Grade

11.3.6.2.3.      By Application

12. Market Dynamics

12.1.            Drivers

12.2.            Challenges

13. Market Trends & Developments

13.1.            Recent Developments

13.2.            Product Launches

13.3.            Mergers & Acquisitions

14. Global Erucic Acid Market: SWOT Analysis

15. Porter’s Five Forces Analysis

15.1.            Competition in the Industry

15.2.            Potential of New Entrants

15.3.            Power of Suppliers

15.4.            Power of Customers

15.5.            Threat of Substitute Product

16. PESTLE Analysis

17. Pricing Analysis

18. Competitive Landscape

18.1.            Business Overview

18.2.            Company Snapshot

18.3.            Products & Services

18.4.            Financials (In case of listed companies)

18.5.            Recent Developments

18.5.1.               Bunge Limited

18.5.2.               Cargill, Incorporated

18.5.3.               Archer Daniels Midland Company

18.5.4.               Perdue Farms

18.5.5.               Vantage Specialty Chemicals, Inc.

18.5.6.               Godrej Industries Limited

18.5.7.               Wilmar International Limited

19. Strategic Recommendations

20. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market Volume of the Global Erucic Acid Market was estimated to be 260 thousand tons in 2022.

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The Rapeseed Oil segment emerged as the fastest & dominant player in the global market for Euric acid in 2022. This can be attributed to its ample supply, natural and renewable sourcing, stringent quality control, versatility, and widespread market acceptance. These factors collectively position rapeseed oil as a leading and rapidly growing player in the erucic acid market.

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Asia Pacific dominated the market with a revenue share in 2022 due to the large population base, robust industrial sectors, and a growing food and personal care industry, driving the demand for erucic acid in the region.

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Increasing demand in food and beverage industry and growing personal care and cosmetics industry are the major drivers for the Global Erucic Acid Market.

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Sakshi Bajaal

Business Consultant
Press Release

Erucic Acid Market to Grow with a CAGR of 3.81% through 2028

Oct, 2023

Increasing demand in food and beverage industry and growing personal care and cosmetics industry is expected to drive the Global Erucic Acid Market growth in the forecast period, 2024-2028.