Decyl Oleate Market Segmented By Plant Based, Animal Based Source in Cosmetics, Hair Care, Skin Care
Industry: Food and Beverages
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 207
Report ID: PMRREP17719
The market for decyl oleate is anticipated to grow at a value based CAGR of 4.0% and register the revenue of around US$ 1,311.3 Mn by end of 2033. The global decyl oleate market is growing at moderate rate, due the strong demand for plant-based deacyl oleate from various end-use industries.
Decyl Oleate Market Size (2023E) |
US$ 850.8 Mn |
Projected Sales of Decyl Oleate (2033F) |
US$ 1,311.3 Mn |
Value CAGR (2023-2033) |
4.0% |
Value Share of Top 4 Countries (2022E) |
37.4% |
The global decyl oleate market exhibited decent growth in the historical period assessment and registered a value CAGR of 3.6% , thereby incurred the sales of around US$ 687.6 Mn in 2017. The market in historical period witnessed high demand for cosmetic industry, due to rising utilization of green ingredients in cosmetic and personal care industry from a decade.
Decyl oleate is a key personal care ingredient used as an emollient in the compositions of cosmetics, hair care, and skin care products. Decyl oleate is industrially produced by esterification of fatty alcohols and oleic acid. The product comes under oleochemicals sector and is majorly consumed by the personal care industry and a small amount by pharmaceuticals and other industries. The decyl oleate market comprises several large market participants who are significant producers and consumers. Few major players have adopted full integration of the value chain to gain benefits of such structure of the business.
Manufacturers engaged in the decyl oleate business are consistently looking to continue expanding their production capacities and enhance capabilities by incorporating advance technologies. New players are taking the cue from the established ones in standardizing their manufacturing process. Moreover, in established markets, consumers are more inclined towards buying value-added products, preferably with natural ingredients, organic, plant-based and other alternatives that increasingly form part of a healthy skin.
The global market for decyl oleate is predicted to reach an approximate valuation of US$ 1,311.3 Mn in the forecast period. Sales revenue is expected to register a CAGR of 4.0% over the forecast period (2023-2033).
“The growing use of natural or green ingredients in cosmetics encourages the use of decyl oleate”
Manufacturers are witnessing the preferences of people towards natural ingredients in the products they use, as natural ingredients are considered to be more healthy and beneficial with minimal side effects. Owing to this factor, manufacturers are now focusing on using natural ingredients in their product formulations. Individuals are also extensively following the vegan cosmetics trend, owing to which, decyl oleate is becoming the first preference for manufacturers, as it is derived from vegetable oils.
Another demand arising from the personal care segment is for anti-aging products. The baby boom generation in many regions is reaching maturity. This has increased the demand for anti-aging products in the global market. Also, problems linked with sun exposure are on the rise in European countries. Hence, the demand for sun protection products is also witnessing a surge. Such factors have in turn resulted in increasing sales in the decyl oleate market, as decyl oleate is exclusively used in ant-aging and sun protection products.
“Easy availability of raw material benefiting market growth”
Owing to the relatively high presence of raw materials in Southeast Asia, decyl oleate is produced in abundance in the region, and is being exported to different regions such as Europe and the Middle East. Owing to this factor, the sales of decyl oleate is expected to increase over the forecast period, as demand for the same is increasing across the globe oleic acid is produced in abundance in Southeast Asia, owing to which, manufacturers easily get the raw material for production of decyl oleate, and hence, are focusing on the exports of decyl oleate to Europe.
“Increasing penetration of b2b (business to business) online channels profiting market growth”
Manufacturers of decyl oleate are concentrated in Southeast Asia, owing to the relatively high production of raw materials such as palm oil, from which oleic acid is derived. In order to expand their business and earn more profits, manufacturers are increasingly launching online sites for direct B2B sales, which is expected to increase the sales of decyl oleate over the forecast period. It has become easier for cosmetic and beauty product manufacturers to purchase decyl oleate directly from manufacturers, avoiding suppliers and wholesalers, hence, increasing profit margins
“Application of decyl oleate in pharmacueticals products is expected to increase in the coming years”
Decyl Oleate have recently stimulated considerable interest among consumers because of several pharmacological properties associated with it. Decyl Oleate have antiallergenic, antiviral, antiplatelet, antitumor, anti-oxidant and anti-inflammatory properties, which make them a perfect choice as an active pharmaceutical ingredient (API) in various medicines. As a result, manufacturers from the pharmaceutical industry are leveraging the benefits of decyl oleate by holistically harnessing them in the development of effective medicinal products. Therefore, numerous pharmaceutical properties associated with decyl oleate are expected to drive the sales of decyl oleate significantly over the coming years.
What is the demand of decyl oleate in the U.S. market ?
The market is estimated to be valued at US$ 144.9 Mn by 2018 end, and is likely to grow at a value CAGR (compound annual growth rate) of 3.5% over the forecast period. The market is expected to be valued at US$ 220.6 Mn by the end of 2023.
What is the value share held by the Germany in global decyl oleate market ?
The Germany holds 3.35% of the current market share and is anticipated to grow at moderate rate over the forecasted period. For year 2023 the revenue from Germany is pegged at US$ 28.5 Mn and the sales is expected to grow in forthcoming years.
What is demand outlook for plant based decyl oleate market?
On basis on source segment, the global decyl oleate market is divided into plant based and animal based. The plant based decyl oleate holds the highest share of above 80.00% and is expected to grow significantly in the forecasted period.
Which application is gaining high demand for global decyl oleate market?
The decyl oleate is gaining high traction from personal care and cosmetics industry. The market is forecasted to grow significantly over the forecasted period. The cosmetic sector holds highest share of about 78% in 2023 and is growing at value based CAGR of 3.7%.
However, the application of decyl oleate in the pharmaceuticals sector is also anticipated to grow at a high CAGR, similar to the personal care segment. The pharmaceuticals application segment is projected to grow at value CAGR of 3.6% in forthcoming years 2023-2033.
Global decyl oleate market is characterized by large number of regional and multinational companies operate. An approximate share of 30-35% is dominated by multinational players and offers wide range of decyl oleate based products in global cosmetic and personal care ingredient market. Asia Pacific is the major region of production followed by Europe. Companies such as BASF SE, IOI Oleo GmbH, Ashland LLC., KLK Oleo, and others are some major companies operating in decyl oleate market.
The manufacturers are consistently focusing on growing its global presence through enduring partnership with supplier, distributor and manufactures across the globe. Moreover, the players from decyl oleate market are focusing on strengthening its production capability through its state-of-the-art manufacturing facility and equipment.
Attribute |
Details |
Forecast period |
2023-2033 |
Historical data available for |
2017-2022 |
Market analysis |
USD million for value |
Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
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The global market for Decyl Oleate has a value of US$ US$ 850.8 Mn in 2023.
The global market for Decyl Oleate has a value CAGR of 3.6% from 2017-2022.
The global market for Decyl Oleate has a value of US$ 1,311.3 Mn in 2033.
The global market for Decyl Oleate has a value CAGR of 4.0% from 2023-2033.
The top players in the global Decyl Oleate market includes BASF SE, IOI Oleo GmbH, and Ecogreen Oleochemical (S) Pte. Ltd.