Global Oleogels Market Size To Worth USD 1455.40 Million By 2033 | CAGR Of 6.17%
Category: Chemicals & MaterialsGlobal Oleogels Market Size To Worth USD 1455.40 Million By 2033
According to a research report published by Spherical Insights & Consulting, The Global Oleogels Market Size is Expected to Grow from USD 799.97 Million in 2023 to USD 1455.40 Million by 2033, at a CAGR of 6.17% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 100 Market data tables and figures & charts from the report on the “Global Oleogels Market Size, Share, and COVID-19 Impact Analysis, By Source (Vegetable Oils, Animal Fats, Waxes and Polymers, Fatty Acids and Derivatives, and Others), By Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Cosmetics & Personal Care, Industrial & Lubricants and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/oleogels-market
The market for oleogels, a group of gel-like materials made by using gelators to structure liquid oils, is referred to as the "oleogels market". They are used as healthier alternatives to solid fats, such as trans and saturated fats, in food products. Oleogels' ability to alter textures, improve stability, and encapsulate bioactive ingredients makes them useful in pharmaceuticals, nutraceuticals, and cosmetics. The demand for fat alternatives, rising health consciousness, and improvements in food and cosmetic formulations are all factors driving the oleogels market's growth. The growing demand for clean-label products and healthier fat substitutes is driving the oleogels market expansion. Growing awareness of the health risks associated with trans and saturated fats is driving the oleogel industry. The market for oleogels is being driven by clean-label foods, sustainable solutions, and better fat alternatives. Regulatory restrictions on trans fats and consumer demand for health-conscious products are further factors driving the oleogels market expansion. However, high manufacturing costs, restricted gelator supply, regulatory obstacles, unstable storage, scaling problems, and low consumer acceptability because of sensory qualities are some of the challenges in the oleogels market.
The vegetable oils segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the source, the oleogels market is classified into vegetable oils, animal fats, waxes and polymers, fatty acids and derivatives, and others. Among these, the vegetable oils segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The market for vegetable oils is driven by their affordability, accessibility, and wide range of uses in sectors including food, cosmetics, and medicine.
The food & beverages segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the oleogels market is divided into food & beverages, pharmaceuticals & nutraceuticals, cosmetics & personal care, industrial & lubricants, and others. Among these, the food & beverages segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The food industry's increasing demand for clean-label products and healthier fat substitutes is the main driver of the food and beverage companies.
Europe is estimated to hold the largest share of the oleogels market over the forecast period.
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Europe is estimated to hold the largest share of the oleogels market over the forecast period. This is due to regions’ superior fat structure technology research, health-conscious customers, and supportive regulations. The European Food Safety Authority and the European Union Commission have implemented stringent regulations on trans-fat in a range of food products.
North America is predicted to grow at the fastest CAGR in the oleogels market over the forecast period. The use of partly hydrogenated oils is prohibited by the Food and Drug Administration (FDA) of the United States. Strict food standards, lipid structuring technology developments, and health-conscious consumers are further propelling the market growth.
Major key players in the oleogels market include Amryt Pharma, Perfat, Maspex, Motif FoodWorks, Jelu-Werk, Alchemy Ingredients, Natural Pigments, Langridge Colours, Kraton Corporation, IOI Oleochemical GmbH, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In June 2024, an innovative solid fat substitute based on oleogel was reportedly launched by the Finnish start-up Perfat. When compared to traditional fats, this invention offers 80% less saturated fat and over 30% less calories. It also incorporates nutritional fiber. This technology's versatility allows it to be used in a variety of culinary products.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the oleogels market based on the below-mentioned segments:
Global Oleogels Market, By Source
- Vegetable Oils
- Animal Fats
- Waxes and Polymers
- Fatty Acids
- Derivatives
- Others
Global Oleogels Market, By Application
- Food & Beverages
- Pharmaceuticals & Nutraceuticals
- Cosmetics & Personal Care
- Industrial & Lubricants
- Others
Global Oleogels Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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