Oleic acid is usually found in animals and plants. It is a monounsaturated omega-9 fatty acid. The major animal sources for the compound are eggs and meat, while soybean, macadamia oil, sunflower oil, and palm are the main plant sources from which the compound is extracted. Oleic acid is found to be extremely beneficial in various healthcare applications such as cancer treatment and is known for being responsible for the blood pressure mitigating (hypotensive) benefits of olive oil.


Besides its widespread usage in healthcare applications, oleic acid is also required in the food and beverages and cosmetic and personal care industries. The governments of several countries are increasingly implementing regulations for promoting the usage of various bio-based compounds in the manufacturing processes of several products, which is, in turn, propelling the demand for oleic acid across the globe. Due to these factors, the global oleic acid market is predicted to register rapid advancement in the forthcoming years, according to the forecast of P&S Intelligence, a market research firm based in India.


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Globally, the Asia-Pacific (APAC) oleic acid market is currently the most lucrative, due to the rapid advancement of the pharmaceutical and cosmetic and personal care industries in India, Indonesia, and China. Additionally, the governments of several APAC countries have approved the usage of the substance in the food and beverage industry. For example, the Food and Drug Administration (FDA) approved the claims regarding the health benefits of consuming oleic acid-rich edible oils such as canola oil, olive oil, and sunflower oil in November 2018.


Some of the major companies operating in the global oleic acid market are Eastman Chemical Company, Berg + Schmidt GmbH & Co. KG, VVF LLC, KLK OLEO, Emery Oleochemicals Group, Wilmar International Limited, Oleon NV, White Group Public Co. Ltd., Croda International Plc, and Kraton Corporation.