Germany Oleochemicals Market Size, Share, and COVID-19 Impact Analysis, By Product (Specialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines, and Others), By Application (Personal care & cosmetics, Consumer goods, Food processing, Textiles, Paints & inks, Industrial, Healthcare & pharmaceuticals, and Others), and Germany Oleochemicals Market Insights, Industry Trend, Forecasts to 2033

Germany Oleochemicals Market Insights Forecasts to 2033

• The Germany Oleochemicals Market Size was valued at USD 1.07 Billion in 2023.
• The Germany Oleochemicals Market Size is Growing at a CAGR of 6.98% from 2023 to 2033
• The Germany Oleochemicals Market Size is Expected to reach USD 2.10 Billion by 2033

The Germany Oleochemicals Market Size is anticipated to Exceed USD 2.10 Billion by 2033, Growing at a CAGR of 6.98% from 2023 to 2033. The increasing application of oleochemicals in soaps, cleaning products, and cosmetics & personal care products and raw material easy availability at effective prices are driving the oleochemicals market in the Germany.     

Market Overview

Oleochemicals market is the industry of chemicals derived from natural fats and oils, serving as sustainable alternatives to petrochemicals, with applications in diverse industries, including personal care, cosmetics, pharmaceuticals, food & beverages, and plastics. Oleochemicals are chemical compounds derived industrially from animal or vegetable oils or fats. They are analogous to petrochemical products produced by chemical and enzymatic reactions from vegetable oils and animal fats. The rising consumption of personal care, pharmaceutical, and food products is driving the demand for oleochemicals, particularly in the high disposable income region. The growing emphasis on sustainable and renewable products such as biofuels, due to increasing environmental consciousness among consumers is providing lucrative growth opportunity in the oleochemicals market.

Report Coverage

This research report categorizes the market for the Germany oleochemicals market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany oleochemicals market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany oleochemicals market.

Driving Factors

The increasing application of oleochemicals in soaps, cleaning products, and cosmetics & personal care is driving the oleochemicals market. The demand for green chemicals surges the need for oleochemicals as it is derived from natural fats and oils, which is a key part of the “green chemicals” movement, thereby propelling the market. The easy availability, low cost, and sustainability of raw materials of oleochemicals are also responsible for propelling the market for oleochemicals. 

Restraining Factors

The VOC production during the pre-treatment of glycerine, which ultimately affects environmental sustainability, is challenging market growth. Further, the volatility in raw material prices may hamper the market.

Market Segmentation

The Germany oleochemicals market share is classified into product and application.

• The glycerol esters segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the projected timeframe.

Based on the product, the Germany oleochemicals market is divided into specialty esters, fatty acid methyl ester, glycerol esters, alkoxylates, fatty amines, and others. Among these, the glycerol esters segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the projected timeframe. Glycerol esters are formed from reactions of glycerol and fatty acids, and further used to produce glycerol monostearates, medium chain triglycerides, and other glycerides. The widespread use of glycerol esters as emollients, surfactants, and emulsifiers in skin care, hair care, and makeup products due to their biocompatibility and versatility is driving the market.

• The personal care & cosmetics segment accounted for the largest market share in 2023 and is expected to grow at the fastest CAGR during the forecast period.

Based on the application, the Germany oleochemicals market is divided into personal care & cosmetics, consumer goods, food processing, textiles, paints & inks, industrial, healthcare & pharmaceuticals, and others. Among these, the personal care & cosmetics segment accounted for the largest market share in 2023 and is expected to grow at the fastest CAGR during the forecast period. Oleochemicals are importantly used in cosmetic product formulations like creams, lotions, and lip balms due to their emollient and moisturizing property. The increasing demand for organic and anti-aging products, along with the growing shelf space in supermarkets, hypermarkets, retail stores, and boutique stores, are propelling the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany oleochemicals market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF SE
• Evonik Industries AG
• Emery Oleochemicals
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In September 2022, Emery Oleochemicals, Düsseldorf, Germany, and 3DGence, headquartered in Przyszowice, Poland, announced a strategic partnership for Additive Manufacturing. Both companies are active in the development and use of filaments for sinter-based Material Extrusion (MEX) or Fused Filament Fabrication (FFF), and together, they aim to enable customers to produce individual high-performance, affordable parts and realise mass applications with Additive Manufacturing.

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Oleochemicals Market based on the below-mentioned segments:

Germany Oleochemicals Market, By Product

• Specialty Esters
• Fatty Acid Methyl Ester
• Glycerol Esters
• Alkoxylates
• Fatty Amines
• Others

Germany Oleochemicals Market, By Application

• Personal care & cosmetics
• Consumer goods
• Food processing
• Textiles
• Paints & inks
• Industrial
• Healthcare & pharmaceuticals
• Others