ALBANY, New York, August 23, 2016 /PRNewswire/ --
According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Edible Oil Co - Products and By Products Market By Product Type (Dried Soap Stock, Hard Oil Fatty Acid Distillate, Pure Soft Oil Fatty Acid Distillate, Mixed Soft Oil Fatty Acid Distillate, Pure Acid Oil, Palmitic Acid, Stearic Acid, Sludge, Earth Distillate), By end Use Type (Animal Feed, Soaps and Detergents, Tocopherol, Personal Care Products, Intermediate Chemicals) - Middle East Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016- 2024",the Middle East edible oil co products and by products market was valued at USD 164.6 million in 2015 and is expected to reach USD 257.2 million by 2024, growing at a CAGR of 5.0% from 2016 to 2024. In terms of volume the Middle East edible oil co products and by products market was valued 388,944.3 tonnes and is expected to reach 559,775.89 tonnes, experienced at a CAGR of 4.2%.
Edible oil co products and by products market can be segmented by products type such as dried soap stock, hard oil fatty acid distillate, pure soft oil fatty acid distillate, mixed soft oil fatty acid distillate, pure acid oil, palmitic acid, stearic acid, sludge and earth distillate. Dried soap stock adds nutrient value as feed, improves pelletizing and provides flexibility in utilization and processing. It is often treated with a strong mineral acid and is converted into a crude mixture of fatty acids, known as acidified soap stock. This mixture is widely used as a calorific component in animal feed. In addition, consumers have strong hygiene habits and are focused on preventing the spread of virus and bacteria. Thus, there is huge demand for soaps and detergents in Saudi Arabia, which in turn is likely to accelerate the growth of the dried soap stock market. Moreover pure acid oil is a by-product of vegetable oil refining and mainly contains free fatty acids, moisture, and neutral oils. Properties and composition of pure acid oil entirely depends upon variations in the edible oil feedstock and alkaline refining process.
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Middle East edible oil co products and by products market segmented by end use such as: animal feed, soaps and detergents, tocopherol, personal care products and intermediate chemicals. Pure acid oil contains free fatty acids and is widely used in animal feed, in order to reduce the health stress of consuming dusty and very finely processed feeds. Moreover, pure acid oil is added to animal feed to reduce bloat and to increase the energy density in the feed. In addition, Iran is a leading producer of soaps and detergents. Apart from conventional soap products, Iranian factories are also active in the production of whiteners, shampoos, and liquid dish soap. Pure acid oil is an important raw material used in soap production. It is primarily used in Iran for the manufacture of laundry soaps. Moreover, the government of Egypt is focused on reviewing existing legislature and other measures to increase poultry production. Thus, there is a potential market for pure acid oil in Egypt as a raw material for animal feed.
The oil and soap industry is one of the oldest and most important industries in Egypt. Its importance rises from the fact that it is involved in the production of edible oils and its by-products, which are widely used for the manufacture of soaps and detergents. However, due to increasing price of edible oils, its by-product, pure acid oil, serves as an excellent substitute to produce laundry soaps. Thus, the market for pure acid oil is likely to grow in Egypt during the forecast period. In addition, oil and soap production in Egypt is undertaken by both private and public sector companies. Public sector companies are characterized by their large production scale and labor force. Biodiesel is biodegradable, renewable, non-toxic, and has reduced emission of SO2, CO, particulate matter, unburned hydrocarbons, and volatile organic compounds as compared to conventional diesel. Thus there is strong demand for biodiesel in Egypt. Pure acid oil is a cost-effective alternative for biodiesel production and the market for the same is expected to witness potential growth in the future.
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By geography, the market is segmented into Kingdom of Saudi Arabia, Iran, Egypt, Sudan, Morocco, Algeria and Turkey. Demand for fatty acid distillates is estimated to the lowest among all the seven countries. However, the demand for fatty acid distillates is expected to grow exponentially during the forecast period. Morocco is anticipated to witness the second fastest growth for fatty acid distillates in the region after Egypt. Moreover, the demand for hard oil fatty acid in Turkey is comparatively higher in Turkey in contract to its counterparts. The demand for hard oil fatty acid is driven by the increasing production of soaps and detergents in the country supported by the rising disposable income in the country.
Browse Regional Market Analysis: http://www.europlat.org/edible-oil-co-products-and-by-products-market.htm
Middle East edible oil co products and by products market can be segmented as follows;-
Middle East Edible Oil Co- Product and By Products Market, by Product Type
- Dried Soap Stock
- Hard Oil Fatty Acid Distillate
- Pure Soft Oil Fatty Acid Distillate
- Mixed Soft Oil Fatty Acid Distillate
- Pure Acid Oil
- Palmitic Acid
- Stearic Acid
- Earth Distillate
Middle East Edible Oil Co- Product and By Products Market, by End Use
- Animal Feed
- Soaps and Detergent
- Personal Care Products
- Intermediate Chemical
Middle East Edible Oil Co- Product and By Products Market, by Geography
- Kingdom of Saudi Arabia
Browse Other Research Reports:
- Edible Oil Market: http://www.transparencymarketresearch.com/edible-oil-market.html
- Corn Starch Market: http://www.transparencymarketresearch.com/corn-starch-industry.html
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