Why did the Oleic Acid Price Change in July 2025? Oleic Acid Spot Price in North America followed a downward trajectory in Q2 2025, with an average quarter-over-quarter price fluctuation of approximately 6.0% to 11.5%, ending June near USD 1,315 USD/MT, signaling price softness accentuated by June’s 11.45% decline.

Get the latest insights on price movement and trend analysis of Oleic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The oleic acid prices in the United States for Q4 2023 reached 1405 USD/MT (Food Grade) in December. In the USA, oleic acid rates stayed stable primarily due to adequate supply and low product demand. Additionally, global shipping costs caused prices to float in the U.S. market.

Oleic Acid Prices December 2023

Explore IMARC’s newly published report, titled “Oleic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of oleic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The Mexican industrial oleic acid market was finally on the rise to reach $77M in 2024, after four years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $110M. From 2020 to 2024, the growth of the market failed to regain momentum.

According to Cognitive Market Research, the global Oleic Acid Market size will be USD 521.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 193.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 151.32 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 125.23 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2025 to 2033.
South America has a market share of more than 4% of the global revenue with a market size of USD 19.83 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 20.87 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2033.
Africa had a market share of around 2.2% of the global revenue and was estimated at a market size of USD 11.48 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033.
Plant category is the fastest growing segment of the Oleic Acid Market

Market Dynamics of Oleic Acid Market

Key Drivers for Oleic Acid Market

Growing Demand for Sustainable and Natural Ingredients

Consumers are increasingly prioritizing sustainability and natural ingredients in their daily-use products. Oleic acid, primarily derived from plant-based oils such as soybean, sunflower, and palm oil, aligns with this trend, making it a preferred choice in industries like personal care, food, and pharmaceuticals. The rising awareness of synthetic chemicals' harmful effects has led to a shift toward bio-based alternatives, fueling the demand for oleic acid as a natural emulsifier and stabilizer. Moreover, government regulations encouraging sustainable sourcing and eco-friendly product development further boost market growth. The clean-label movement, emphasizing transparency and natural formulations, also contributes to the increasing adoption of oleic acid across multiple applications, ensuring sustained demand in the coming years.

https://pbpc.com/consumer-trends/Expanding Food and Beverage Industry

The growing demand for processed and convenience foods is a significant driver for the oleic acid market, as it is widely used as an emulsifier and stabilizing agent. Oleic acid improves the texture and shelf life of food products such as margarine, baked goods, dairy alternatives, and dressings. With increasing health consciousness, there is also a rising preference for high-oleic oils due to their heart-health benefits, as they help reduce bad cholesterol levels. The surge in plant-based food consumption and clean-label trends further drive its incorporation in food formulations. As the global food industry expands, particularly in emerging markets, oleic acid is expected to witness substantial growth, supported by its functional benefits and regulatory approval for food use.

Restraint Factor for the Oleic Acid Market

Fluctuations in Raw Material Prices

The oleic acid market is highly dependent on the supply and pricing of raw materials such as palm oil, soybean oil, and sunflower oil. The volatility in prices due to seasonal factors, geopolitical tensions, and supply chain disruptions poses a major challenge for manufacturers. For instance, adverse weather conditions affecting oilseed crop yields can lead to supply shortages, driving up costs. In addition, the increasing adoption of biofuels derived from vegetable oils has intensified competition for raw materials, further straining supply. Price fluctuations not only impact production costs but also influence product pricing, making it difficult for end-users in industries like food, cosmetics, and pharmaceuticals to maintain cost stability. These challenges necessitate the development of alternative sourcing strategies for long-term sustainability.

Market Trends in Oleic Acid Market

Rising Demand in the Clean Beauty and Personal Care Industry

The growing popularity of clean beauty and natural personal care products presents a lucrative opportunity for the oleic acid market. Consumers are increasingly see...

The size of the Oleic Acid Market was valued at USD 497.4 million in 2023 and is projected to reach USD 681.44 million by 2032, with an expected CAGR of 4.6 % during the forecast period. Oleic acid is a monounsaturated fatty acid found in a wide range of animal and plant oils, and it is mainly found in olive oil. It constitutes the main fraction of vegetable oils such as canola and sunflower oil. Oleic acid also exists in animal fats. Due to several useful properties, oleic acid is used widely in both food and non-food industries. It has uses in the food industry due to its healthy impact on the heart, thereby helping bring down levels of bad cholesterol while reducing cardiovascular-related diseases. As a cooking oil and processed ingredient, oleic acid is highly preferred. Other usages are related to cosmetics and pharmaceutical industries since it works as an emollient in giving moisturization relief to the skin. Due to its chemical structure, oleic acid is also used in the production of soaps, detergents, and lubricants, providing versatility and a wide range of industrial applications.

Global sales of Oleic Acids stood at USD 605.6 million in 2023. The industry is further projected to exhibit a y-o-y growth of 5.4% in 2024 and reach USD 638.5 million in the same year. Surging at a CAGR of 5.8% between 2024 and 2034, demand for the compound is estimated to reach USD 1,126.3 million by 2034.

Semi-annual Market Update

Country-wise Insights

Category-wise Insights

The SADC industrial oleic acid market expanded slightly to $42M in 2024, picking up by 3.8% against the previous year. Overall, consumption, however, saw a perceptible expansion. The level of consumption peaked at $49M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The global Oleic Acid market stood at approximately 1080 thousand tonnes in 2024 and is anticipated to grow at a CAGR of 6.85% during the forecast period until 2035.

Forecast: Industrial Oleic Acid Market Size Volume in Italy 2023 - 2027 Discover more data with ReportLinker!

Oleic Acid Market Outlook

The global oleic acid market size was valued at approximately USD 7.5 billion in 2023, and it is projected to reach USD 11.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2032. A key growth factor driving this market is the widespread application of oleic acid across various industries including food and beverages, cosmetics and personal care, pharmaceuticals, and industrial sectors. The rising consumer demand for organic and sustainable products has further fueled the market's expansion, as oleic acid, being a naturally occurring fatty acid, fits well into the clean-label trend that consumers are increasingly gravitating towards.

The increasing awareness around the health benefits of oleic acid is another significant growth driver for this market. Oleic acid, a monounsaturated fatty acid, is associated with lowering cholesterol levels, reducing inflammation, and providing health benefits that align with current health trends promoting heart wellness. This has led to a substantial increase in its application in the food and beverage industry, particularly in cooking oils and dietary supplements. Additionally, the ongoing research and development activities focused on enhancing oleic acid's benefits for health and its applications in functional foods are expected to further propel market growth during the forecast period.

In the cosmetics and personal care industry, the demand for oleic acid is driven by its excellent emollient and moisturizing properties, making it a popular ingredient in skincare products. The growing consumer preference for natural and organic personal care products is further boosting the demand for oleic acid. Moreover, the surge in online retailing of cosmetics and personal care products has increased the accessibility and availability of oleic acid-based products, thereby supporting market growth. The expanding middle-class population in emerging economies, with increasing disposable incomes, is also contributing to the growing demand for premium cosmetics, which often contain oleic acid as a key ingredient.

Regionally, North America and Europe currently hold significant shares in the oleic acid market, driven by the well-established food processing and cosmetic industries in these regions. However, the Asia Pacific region is anticipated to exhibit the highest growth rate during the forecast period, with a CAGR of over 5%. The region's growth is spurred by rapid industrialization, a booming food and beverage sector, and increasing consumer awareness regarding health and wellness. The burgeoning middle-class population in countries like China and India, coupled with rising disposable incomes, is expected to further amplify the demand for oleic acid in various applications.

Source Analysis

The oleic acid market is segmented by source into plant-based and animal-based origins. Plant-based oleic acid currently dominates the market, driven by the increasing consumer preference for vegan and vegetarian products as well as the growing emphasis on sustainability. Plant sources such as olive oil, sunflower oil, and canola oil are rich in oleic acid, and their production is abundant worldwide, making them a viable source for extraction. The trend towards clean-label and plant-based ingredients in various industries, including food and cosmetics, has further bolstered the demand for plant-based oleic acid.

On the other hand, animal-based oleic acid, derived primarily from beef tallow and other animal fats, is witnessing a steady growth owing to its application in industrial processes. The animal-based segment benefits from the robust meat processing industry in certain regions, where oleic acid is derived as a byproduct. Despite the increasing shift towards plant-based alternatives, animal-based oleic acid remains a crucial component in specific industrial applications such as lubricants and coatings, where its unique properties are indispensable.

However, the plant-based segment is expected to grow at a faster rate during the forecast period, driven by the increasing adoption of plant-derived products in the cosmetics and personal care industry. The rise in ethical consumerism, where consumers are increasingly concerned about the sources of their products, is likely to further drive the demand for plant-based oleic acid. Additionally, technological advancements in extraction processes are making the production of plant-based oleic acid more efficient and cost-effective, further enhancing its appeal.

Moreover, regulatory support fo

Oleic Acid Market size was USD 8.67 Billion in 2022 and is expected to reach USD 13.68 Billion in 2034, and register a revenue CAGR of 5.2% during the forecast period.

Oleic Acid Market Outlook

As per our latest research, the global oleic acid market size reached USD 3.56 billion in 2024, driven by robust demand across multiple end-use industries and a growing shift toward sustainable and bio-based products. The market is expected to expand at a noteworthy CAGR of 5.1% during the forecast period, with the market size projected to reach USD 5.54 billion by 2033. This growth is primarily fueled by increasing utilization in food and beverage, personal care, and pharmaceutical applications, as well as expanding industrial uses that leverage oleic acid’s unique chemical properties. Heightened consumer awareness regarding health, wellness, and environmental impact continues to bolster demand for plant-based oleic acid, solidifying its position as a vital ingredient in diverse industries worldwide.

The oleic acid market is witnessing significant growth due to a combination of evolving consumer preferences and regulatory pressures favoring natural and sustainable ingredients. The food and beverage sector, in particular, is capitalizing on oleic acid’s health benefits, such as its role in promoting cardiovascular health and reducing bad cholesterol levels. As consumers increasingly seek out clean-label and non-GMO products, manufacturers are incorporating oleic acid as a functional ingredient in processed foods, edible oils, and nutritional supplements. This trend is further amplified by the rising prevalence of lifestyle diseases, which is driving demand for healthier dietary fats and oils. Additionally, food safety regulations and quality standards in developed regions are compelling producers to adopt high-purity, food-grade oleic acid, thereby elevating market growth.

Another pivotal growth factor for the oleic acid market is its expanding application in the personal care and cosmetics industry. Oleic acid’s emollient properties, excellent skin compatibility, and ability to enhance the penetration of active ingredients make it a preferred choice in formulating lotions, creams, soaps, and other skincare products. The surge in demand for natural and organic cosmetics is prompting manufacturers to replace synthetic fatty acids with plant-based oleic acid, aligning with consumer expectations for transparency and sustainability. Furthermore, the pharmaceutical industry is leveraging pharmaceutical-grade oleic acid as an excipient in drug formulations, where its solubilizing and stabilizing attributes are highly valued. The convergence of these trends is creating a robust pipeline of innovation and product development, further propelling market expansion.

The industrial segment is also contributing significantly to the growth of the global oleic acid market, owing to its versatile chemical profile and biodegradability. Oleic acid finds widespread use in lubricants, surfactants, plasticizers, and chemical intermediates, particularly as industries transition toward eco-friendly alternatives to petroleum-based chemicals. The increasing adoption of green chemistry practices and circular economy principles in manufacturing is driving investments in bio-based oleic acid, especially in regions with stringent environmental regulations. Additionally, the emergence of new applications in bioplastics, agrochemicals, and textile processing is expanding the market’s scope, creating opportunities for both established players and new entrants to capitalize on evolving industrial needs.

Regionally, Asia Pacific dominates the global oleic acid market, accounting for a significant share of both production and consumption. The region’s leadership is underpinned by the presence of abundant raw material sources, cost-effective manufacturing capabilities, and rapidly growing end-use industries. China, India, and Southeast Asian countries are major contributors to market expansion, supported by rising disposable incomes, urbanization, and a burgeoning middle class with increasing demand for processed foods, personal care products, and pharmaceuticals. North America and Europe are also witnessing steady growth, driven by regulatory emphasis on sustainability and health-conscious consumer behavior. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, benefiting from investments in local production capacity and expanding industrial infrastructure.

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Fatty Acids (WPU061403991) from Dec 2007 to Jun 2025 about fat, chemicals, production, commodities, PPI, inflation, price index, indexes, price, and USA.

Global Oleic Acid Market was valued at USD 1641.69 Million in 2024 and is expected to reach USD 2718.22 Million by 2030 with a CAGR of 6.81%.

Oleic Acid Market Outlook

According to our latest research, the global oleic acid market size reached USD 4.2 billion in 2024, exhibiting a steady growth trajectory over recent years. The market is projected to expand at a CAGR of 4.7% from 2025 to 2033, reaching an estimated USD 6.3 billion by 2033. This robust growth is primarily driven by the increasing demand for oleic acid across diverse industries, including food and beverages, personal care, pharmaceuticals, and chemicals. The versatile applications of oleic acid, coupled with its widespread acceptance as a safe and effective ingredient, are key factors propelling the market forward as per our comprehensive industry analysis.

One of the primary growth factors for the oleic acid market is the rising awareness and preference for natural and bio-based ingredients in various consumer products. As health-conscious consumers increasingly seek out products with clean labels and minimal synthetic additives, manufacturers are turning to oleic acid due to its natural origin and beneficial properties. In the food and beverages sector, oleic acid is extensively used as an emulsifier and stabilizer, and its recognized health benefits, such as lowering bad cholesterol levels, further enhance its appeal. The growing trend toward plant-based diets and the surge in vegan and vegetarian populations globally are also fueling the demand for plant-based oleic acid, making it a preferred choice among food processors and manufacturers.

Another significant driver is the expanding personal care and cosmetics industry, where oleic acid plays a crucial role as an emollient and moisturizer. The shift towards natural and organic cosmetic formulations is amplifying the adoption of oleic acid, given its skin-friendly attributes and compatibility with a wide range of formulations. The increasing disposable incomes in emerging economies, coupled with a heightened focus on personal grooming and wellness, are further boosting the consumption of oleic acid-based products. Additionally, regulatory approvals and certifications supporting the use of oleic acid in personal care and cosmetics are fostering market expansion.

The pharmaceutical and chemical industries are also major contributors to the growth of the oleic acid market. In pharmaceuticals, oleic acid is utilized as an excipient in drug formulations due to its solubilizing and absorption-enhancing capabilities. The chemical industry leverages oleic acid in the production of surfactants, lubricants, and plasticizers, benefiting from its biodegradability and non-toxic nature. The increasing investments in research and development activities to explore new applications and enhance the performance of oleic acid derivatives are expected to create lucrative opportunities for market players. Moreover, the textile industry’s shift towards sustainable and eco-friendly processing agents is opening new avenues for oleic acid utilization.

From a regional perspective, Asia Pacific dominates the oleic acid market, accounting for the largest share, driven by the presence of a robust manufacturing base, abundant raw material availability, and rapidly expanding end-use industries. North America and Europe also represent significant markets, supported by stringent regulations favoring bio-based chemicals and a strong focus on product innovation. Latin America and the Middle East & Africa are emerging as promising regions, with increasing investments in food processing, personal care, and pharmaceutical sectors. The regional dynamics are influenced by factors such as industrialization rates, consumer preferences, and regulatory frameworks, shaping the overall market landscape.

Source Analysis

The oleic acid market is segmented by source into animal-based and plant-based oleic acid, each exhibiting distinct growth patterns and market drivers. Plant-based oleic acid, derived primarily from vegetable oils such as olive, sunflower, and canola, is witnessing a remarkable surge in demand owing to the global shift towards sustainability and plant-derived ingredients. Consumers are increasingly prioritizing plant-based products for health, ethical, and environmental reasons, compelling manufacturers to invest in advanced extraction and purification processes for high-purity oleic acid. The food and beverage industry, in particular, is capitalizing on the clean label movement, further propelling the market for plant-based oleic acid.

Animal-based oleic acid, sou

After three years of growth, the GCC industrial oleic acid market decreased by -8.3% to $25M in 2024. Overall, consumption, however, recorded a prominent expansion. The level of consumption peaked at $28M in 2023, and then reduced in the following year.

[232+ Pages Report] The global Oleic Acid market size is expected to grow from USD 167.14 million in 2021 to USD 408 million by 2028, at a CAGR of 9.2% from 2022-2028

Explore the growth potential of Market Research Intellect's Plant Oleic Acid Market Report, valued at USD 1.2 billion in 2024, with a forecasted market size of USD 2.1 billion by 2033, growing at a CAGR of 8.5% from 2026 to 2033.

The global vegetable-based oleic acid market is experiencing robust growth, projected to reach $921.9 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 7.8% from 2025 to 2033. This expansion is driven by the increasing demand for sustainable and bio-based alternatives in various industries, including cosmetics, pharmaceuticals, and food. The rising consumer preference for natural and plant-derived ingredients fuels this demand, coupled with stringent regulations regarding the use of petrochemical-based products. Key players like Wilmar Group, Eastman, and Oleon NV are strategically investing in research and development to enhance product quality and expand their product portfolios to cater to the growing market needs. Furthermore, the increasing adoption of vegetable-based oleic acid in various applications, such as surfactants, emulsifiers, and lubricants, further strengthens market growth. The market segmentation is likely diverse, encompassing different purity levels, forms (e.g., liquid, powder), and applications. Regional variations in growth rates will likely depend on factors such as consumer preferences, regulatory environments, and the availability of raw materials. While challenges such as fluctuating raw material prices and competition from synthetic alternatives exist, the long-term outlook for the vegetable-based oleic acid market remains positive due to the strong push towards sustainability and the inherent advantages offered by this bio-based ingredient compared to its petroleum-derived counterparts. The market is anticipated to witness further consolidation as key players expand their geographical reach and explore strategic partnerships to strengthen their market position.