Decyl Oleate Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
The global decyl oleate market was estimated to be US$ 820 Million in 2022 and is expected grow at a CAGR of 4.8% between 2023 to 2032.
Decyl oleate is an ester of oleic acid and decyl alcohol. It is a clear, colorless to pale yellow liquid that is commonly used in cosmetics and personal care products as an emollient and skin conditioning agent. Decyl oleate is a light, non-greasy oil that is easily absorbed by the skin, leaving it feeling smooth and silky. It is also used as a solvent and as a lubricant in the manufacture of various products.
Decyl Oleate Market Drivers
Increasing demand for personal care products is driving the market growth
The global decyl oleate market is being driven by several factors, including increasing demand for personal care products, growing consumer awareness and preference for natural and organic ingredients, rising disposable income, growing urbanization, and rising investments in research and development.
Decyl oleate is used as an emollient and skin conditioning agent in various personal care products, such as creams, lotions, shampoos, and conditioners. With the demand for personal care products increasing steadily, the market for decyl oleate is expected to grow at a significant rate.
In addition, the shift towards natural and organic ingredients in personal care products, increasing disposable incomes, growing urbanization, and investments in R&D are expected to further drive the demand for decyl oleate. As consumers become more aware of the potential harm caused by synthetic ingredients, the demand for naturally derived ingredients like decyl oleate is expected to increase, leading to a further boost in the market.
Companies are also investing in R&D to develop new and innovative personal care products, with decyl oleate being a key ingredient in the development of these products. Overall, the global decyl oleate market is poised for significant growth in the coming years.
Source Type segmentation of Global Decyl Oleate Market
Plant-based segment is the largest segment in the market
Based on source, the Decyl Oleate market is segmented into plant based, and animal based.
Currently, the plant-based segment is the largest due to the increasing demand for natural and organic personal care products. Decyl oleate is derived from coconut oil and palm oil, which are naturally sourced and are preferred by consumers who are looking for naturally derived ingredients in their personal care products.
The plant-based segment is expected to continue to grow at a significant rate due to increasing awareness of the harmful effects of synthetic chemicals in personal care products. The plant-based segment is also supported by the growing demand for vegan and cruelty-free personal care products.
Many companies are now shifting towards plant-based ingredients to cater to this growing demand. For example, Oleon NV produces decyl oleate from plant-based sources and is a preferred supplier for various natural and organic personal care products.
On the other hand, the animal-based segment is much smaller due to ethical and sustainability concerns associated with animal-derived ingredients. The use of animal-based decyl oleate has been decreasing over the years due to the availability of plant-based alternatives.
Therefore, the plant-based segment is also the fastest-growing segment in the decyl oleate market due to the increasing demand for natural and organic personal care products and the shift towards vegan and cruelty-free ingredients.
Application segmentation of Global Decyl Oleate Market
Pharmaceuticals segment is expected to be the fastest-growing segment in the market
Based on applications, the market is segmented into Personal Care, Pharmaceuticals, and Other Applications.
Among these, the personal care segment is expected to be the largest segment in the decyl oleate market, as it is the most common application for this ingredient. Decyl oleate is used as an emollient and skin conditioning agent in various personal care products, such as creams, lotions, shampoos, and conditioners.
The demand for personal care products is increasing steadily, driven by factors such as rising disposable income, growing urbanization, and increasing consumer awareness and preference for natural and organic ingredients. This, in turn, is expected to drive the demand for decyl oleate in the personal care segment.
The pharmaceuticals segment is expected to be the fastest-growing segment in the decyl oleate market, as it is increasingly being used as an excipient in the pharmaceutical industry. Decyl oleate is used as a solubilizer, lubricant, and emulsifier in various pharmaceutical formulations, and its properties make it suitable for use in various types of drug delivery systems.
The pharmaceutical industry is also growing, driven by factors such as an aging population and increasing healthcare spending, which is expected to further drive the demand for decyl oleate in this segment. Overall, the decyl oleate market is expected to grow significantly in the coming years, driven by the increasing demand for personal care products and pharmaceuticals.
Regional trends of the Global Decyl Oleate Market
North America is a major market for decyl oleate
Geographically, the global decyl oleate market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Following are some of the major trends in these regions –
North America is a major market for decyl oleate, driven by the high demand for personal care products in the region. The increasing awareness and preference for natural and organic ingredients, coupled with the presence of major manufacturers of personal care products, are expected to drive the demand for decyl oleate in the region. Additionally, the growing demand for sustainable and environmentally friendly products is expected to further boost the market in North America.
Europe is another major market for decyl oleate, with the region being a hub for the cosmetics and personal care industry. The increasing demand for natural and organic products in the region, coupled with strict regulations on synthetic ingredients, is expected to drive the demand for decyl oleate in Europe. The region is also witnessing a growing trend towards sustainable and environmentally friendly products, which is expected to further boost the market.
The Asia-Pacific region is expected to witness significant growth in the decyl oleate market, driven by the growing demand for personal care products in the region.
The rising disposable income of consumers in countries like China and India, coupled with the increasing awareness and preference for natural and organic ingredients, is expected to drive the demand for decyl oleate in the region. Additionally, the presence of a large number of manufacturers in the region is expected to further boost the market.
Key players and market strategies:
Companies operating in the global decyl oleate market are adopting various growth strategies to expand their market share and increase their revenue. One of the key strategies being adopted by companies is product innovation and development.
Companies are investing in research and development to develop new and improved decyl oleate products that meet the changing needs and preferences of consumers. For instance, some companies are developing plant-based decyl oleate products to cater to the growing demand for natural and sustainable ingredients in personal care products.
Another key growth strategy being adopted by companies is partnerships and collaborations. Companies are partnering with other players in the value chain, such as suppliers and distributors, to expand their reach and increase their market share.
For instance, some companies are partnering with distributors to expand their distribution network and reach new markets. Additionally, some companies are collaborating with suppliers to ensure a steady supply of raw materials and reduce their dependence on a single supplier.
Furthermore, mergers and acquisitions (M&A) are also being used as a growth strategy by companies in the decyl oleate market. M&A can help companies expand their market share and diversify their product offerings.
For instance, in 2019, BASF SE acquired Isobionics, a Dutch start-up that develops and produces natural flavors and fragrances using fermentation technology. This acquisition enabled BASF to expand its portfolio of natural ingredients and cater to the growing demand for natural and sustainable products.
Some of the biggest companies operating in the Global Decyl Oleate Market are Alzo International Inc, Ashland LLC., BASF SE, CISME Italy s.r.l, Domus Chemicals S.p.A., Ecogreen Oleochemical (S) Pte. Ltd., Italmatch Chemicals SpA, KLK Oleo, Kumar Organic Products Limited, Mosselman SA, Oleon NV, Phoenix Chemicals Inc., R & D Laboratories Ltd, Stearinerie Dubois Fils SA, Syntechem Co.,Ltd, Triveni Interchem Pvt. Ltd., Venus Ethoxyethers Pvt. Ltd., Zschimmer & Schwarz Holding GmbH & Co KG., and many more.
Global Decyl Oleate Market Segmentation:
By Source
- Plant Based
- Animal Based
By Application
- Personal Care
- Cosmetics
- Hair Care
- Skin Care
- Pharmaceutical
- Other Applications
By Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Decyl Oleate Market
- Global Decyl Oleate Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Trends
- Global Decyl Oleate Market Analysis and Forecast, by Source
- Overview and definitions
- Key segment analysis
- Global Decyl Oleate Market Estimates (US$ Mn and Kilo Tons), by Source, 2019 – 2032
- Plant Based
- Animal Based
- Global Decyl Oleate Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Decyl Oleate Market Estimates (US$ Mn), by Application, 2019 – 2032
- Personal Care
- Cosmetics
- Hair Care
- Skin Care
- Pharmaceutical
- Other Applications
- Personal Care
- Global Decyl Oleate Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Decyl Oleate Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Decyl Oleate Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Decyl Oleate Market Estimates (US$ Mn and Kilo Tons), by Source, 2019 – 2032
- Plant Based
- Animal Based
- North America Decyl Oleate Market Estimates (US$ Mn), by Application, 2019 – 2032
- Personal Care
- Cosmetics
- Hair Care
- Skin Care
- Pharmaceutical
- Other Applications
- Personal Care
- North America Decyl Oleate Market Estimates (US$ Mn), by Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Decyl Oleate Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Decyl Oleate Market Estimates (US$ Mn and Kilo Tons), by Source, 2019 – 2032
- Plant Based
- Animal Based
- Europe Decyl Oleate Market Estimates (US$ Mn), by Application, 2019 – 2032
- Personal Care
- Cosmetics
- Hair Care
- Skin Care
- Pharmaceutical
- Other Applications
- Personal Care
- Europe Decyl Oleate Market Estimates (US$ Mn), by Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Decyl Oleate Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Decyl Oleate Market Estimates (US$ Mn and Kilo Tons), by Source, 2019 – 2032
- Plant Based
- Animal Based
- Asia Pacific Decyl Oleate Market Estimates (US$ Mn), by Application, 2019 – 2032
- Personal Care
- Cosmetics
- Hair Care
- Skin Care
- Pharmaceutical
- Other Applications
- Personal Care
- Asia Pacific Decyl Oleate Market Estimates (US$ Mn), by Country, 2019 – 2032
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa Decyl Oleate Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Decyl Oleate Market Estimates (US$ Mn and Kilo Tons), by Source, 2019 – 2032
- Plant Based
- Animal Based
- Middle East & Africa Decyl Oleate Market Estimates (US$ Mn), by Application, 2019 – 2032
- Personal Care
- Cosmetics
- Hair Care
- Skin Care
- Pharmaceutical
- Other Applications
- Personal Care
- Middle East & Africa Decyl Oleate Market Estimates (US$ Mn), by Country, 2019 – 2032
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America Decyl Oleate Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Decyl Oleate Market Estimates (US$ Mn and Kilo Tons), by Source, 2019 – 2032
- Plant Based
- Animal Based
- South America Decyl Oleate Market Estimates (US$ Mn), by Application, 2019 – 2032
- Personal Care
- Cosmetics
- Hair Care
- Skin Care
- Pharmaceutical
- Other Applications
- Personal Care
- South America Decyl Oleate Market Estimates (US$ Mn), by Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Competition Analysis – Global Decyl Oleate Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Alzo International Inc
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Ashland LLC.
- BASF SE
- CISME Italy s.r.l
- Domus Chemicals S.p.A.
- Ecogreen Oleochemical (S) Pte. Ltd.
- Italmatch Chemicals SpA
- KLK Oleo
- Kumar Organic Products Limited
- Mosselman SA
- Oleon NV
- Phoenix Chemicals Inc.
- R & D Laboratories Ltd
- Stearinerie Dubois Fils SA
- Syntechem Co.,Ltd
- Triveni Interchem Pvt. Ltd.
- Venus Ethoxyethers Pvt. Ltd.
- Zschimmer & Schwarz Holding GmbH & Co KG.
- Alzo International Inc
- Conclusion & Recommendations
Frequently asked questions about this report
How big is the decyl oleate market?
The decyl oleate market was estimated to be US$ 820 Million in 2022.
What is the decyl oleate market growth?
The decyl oleate market is expected grow at a CAGR of 4.8% between 2023 to 2032.
What are the driving factors in the decyl oleate market?
The global decyl oleate market is being driven by several factors, including increasing demand for personal care products, growing consumer awareness and preference for natural and organic ingredients, rising disposable income, growing urbanization, and rising investments in research and development.
Which source type is the largest in the decyl oleate market?
The plant-based segment is the largest due to the increasing demand for natural and organic personal care products. Decyl oleate is derived from coconut oil and palm oil, which are naturally sourced and are preferred by consumers who are looking for naturally derived ingredients in their personal care products.
Which is the major market for decyl oleate?
North America is a major market for decyl oleate, driven by the high demand for personal care products in the region. The growing demand for sustainable and environmentally friendly products is expected to further boost the market in North America.
Which are leading players in the decyl oleate market?
Alzo International Inc, Ashland LLC., BASF SE, CISME Italy s.r.l, Domus Chemicals S.p.A., Ecogreen Oleochemical (S) Pte. Ltd., Italmatch Chemicals SpA, KLK Oleo, Kumar Organic Products Limited, Mosselman SA, Oleon NV, Phoenix Chemicals Inc., R & D Laboratories Ltd, Stearinerie Dubois Fils SA, Syntechem Co.,Ltd, Triveni Interchem Pvt. Ltd., Venus Ethoxyethers Pvt. Ltd., Zschimmer & Schwarz Holding GmbH & Co KG among others, are the leading players in this market.
Which application is the fastest-growing in the decyl oleate market?
The pharmaceuticals segment is expected to be the fastest-growing segment in the decyl oleate market, as it is increasingly being used as an excipient in the pharmaceutical industry.