During the initial months of 2023, oleic acid prices in Asia saw a dip due to reduced expenses in cooking and edible oils, influenced by regulatory shifts in Malaysia and a downturn in market confidence. However, prices picked up in the following quarter driven by heightened costs of raw palm and edible oils, along with a decrease in sunflower oil supply from Russia and diminished stockpiles. The flourishing economy in Asia further contributed to the price surge. In Europe, oleic acid prices initially dropped due to inexpensive raw materials and supply chain disruptions. Yet, prices soared in the second quarter fueled by increased local demand, reduced inventories, and amplified international interest. North America experienced parallel patterns, mirroring a rise in 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, a monounsaturated omega-9 fatty acid, serves various purposes across industries. In food, it’s essential for cooking oils, margarine, and spreads, enhancing both taste and product longevity. Its role extends to processed foods where it acts as an emulsifier and stabilizer. In cosmetics, its moisturizing abilities are key in creams, lotions, and soaps. Beyond that, oleic acid plays a crucial role in industry, serving as a foundational element for surfactants, lubricants, and biodiesel. Its versatility and positive effects on texture, stability, and health make it widely utilized across diverse sectors.
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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