Palmitoleic Acid Industry Analysis:the global market size is projected to reach USD 0.08 billion by 2030

Palmitoleic acid, also known as palmitoleate or (9Z)-hexadecenoate, belongs to the class of organic compounds known as long-chain fatty acids. These are fatty acids with an aliphatic tail that contains between 13 and 21 carbon atoms. Palmitoleic acid is a very hydrophobic molecule, practically insoluble (in water), and relatively neutral.

According to the new market research report “Palmitoleic Acid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”, published by QYResearch, the global Palmitoleic Acid market size is projected to reach USD 0.08 billion by 2030, at a CAGR of 7.0% during the forecast period.

• Global Palmitoleic Acid MarketSize(US$ Million), 2019-2030

Source: QYResearch, "Palmitoleic Acid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

• Global Palmitoleic Acid Top3 Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Palmitoleic Acid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

According to QYResearch Top Players Research Center, the global key manufacturers of Palmitoleic Acid include Wiley Companies, Tersus Life Sciences, etc.

In 2023, the global top three players had a share approximately 29.0% in terms of revenue.

Market Drivers:

Global food demand growth: Palmitoleic acid is widely used in the food processing industry, such as edible oils, bakery products, French fries, etc. Increasing food demand along with global population growth and economic development has driven increased demand for palmitoleic acid.

Rising demand for biofuels: Palmitoleic acid is also used in the production of biodiesel, and the expansion of the biodiesel market amid rising demand for renewable energy and concerns over carbon emissions has also led to growth in demand for palmitoleic acid.

Cosmetics and personal care products market growth: Palmitoleic acid is widely used in cosmetics and personal care products such as soaps, shampoos, cosmetics, etc. The growth in these markets is also driving the demand for palmitoleic acid as consumer demand for personal care products increases.

Restraint:

Environmental and sustainability pressures: The production of palmitoleic acid often involves large-scale palm tree plantations, which can lead to forest destruction, loss of biodiversity, and negative impacts on ecosystems. As a result, environmental groups and consumers have put pressure on the palmitoleic acid industry to require producers to adopt sustainable growing and production practices.

Competing Land Use: The production of palmitoleic acid requires large amounts of arable land, which competes with the need for land for food production, protection of natural ecosystems, and other uses. In some areas, this competition can lead to land use conflicts and problems with resource allocation.

Social Responsibility Pressure: The development of the palmitoleic acid industry is also subject to concerns about social responsibility and labor rights. There are issues with labor rights, land rights, and community participation in some palmitoleic acid production areas, which have aroused concern and criticism from society and consumers.

Price fluctuations and market uncertainty: Palmitoleic acid market prices are affected by many factors, including weather conditions, global supply and demand, political factors, etc. Price volatility and market uncertainty can expose producers to risks and difficulties, especially for small producers.

Opportunity:

Biofuel Market Growth: With increasing demand for renewable energy and concerns over carbon emissions, the expanding biodiesel market provides opportunities for palmitoleic acid. As one of the raw materials for biodiesel, palmitoleic acid has the potential to replace traditional petroleum fuels.

Sustainability Initiatives: As concerns about climate change and environmental issues increase, so does the demand for sustainable vegetable oils. Palmitoleic acid producers can meet this demand by adopting sustainable cultivation and production practices and gain opportunities from sustainability initiatives.

Technological innovation: Technological innovation plays a key role in improving palmitoleic acid production efficiency, reducing costs and developing new applications. The introduction of new technologies could improve the production process of palmitoleic acid and promote its application in a wider market.

About The Authors

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