In the beginning of 2023, oleic acid prices in Asia faced a dip due to reduced expenses in cooking and edible oils, impacted by Malaysian regulations and a downturn in market confidence. However, prices bounced back in the following quarter, driven by higher costs of raw palm and edible oils, alongside a decrease in sunflower oil supply from Russia and reduced stockpiles. Asia’s expanding economy also contributed to the price surge.
Meanwhile, in Europe, oleic acid prices initially fell due to cheaper materials and supply chain disruptions. Yet, by the second quarter, prices soared due to increased local demand, dwindling inventories, and heightened international interest. Similarly, North America experienced parallel patterns, mirroring increased demand and fluctuations in feedstock prices.
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Definition
Oleic acid, a monounsaturated omega-9 fatty acid (C18:1), is essential for cellular function and energy storage. It’s found in various fats and oils like olive and canola oil. Its fluidity at room temperature, attributed to a single double bond, benefits heart health. Oleic acid forms stable triglycerides and plays a role in lipid metabolism. It’s known for its versatility, influencing texture and stability in products from food to cosmetics.
Key Details About the Oleic Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Oleic Acid in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Oleic Acid Price trends, including India Oleic Acid price, USA Oleic Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Oleic Acid Price Trend:
Oleic acid, an omega-9 monounsaturated fatty acid, serves a multitude of roles in various industries. Within the food sector, it plays a crucial part in cooking oils, margarine, and spreads, enhancing both taste and product longevity. Additionally, it functions as an emulsifier and stabilizer in the manufacturing of processed foods. In cosmetics and personal care, its moisturizing properties make it an essential component in creams, lotions, and soaps. Furthermore, oleic acid holds industrial importance as a foundational material for creating diverse derivatives such as surfactants, lubricants, and biodiesel. Its versatility and positive effects on texture, stability, and health contribute significantly to its widespread use across industries.
Key Players:
- Eastman Chemical Company
- Berg + Schmidt GmbH & Co. KG
- Emery Oleochemicals Sdn Bhd
- Wilmar International Limited
- White Group Public Co Ltd
- Godrej Industries
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