The overall deodorization systems market is expected to grow from USD 3.4 billion in 2018 to USD 4.3 billion by 2023, at a CAGR of 4.9%.
The use of deodorization systems follows the market trend of increasing edible oil production, which has helped the industry evolve its systems through regulations and the requirement of healthier edible oils globally, thereby driving the growth of this market.
By technology, the packed column segment is expected to be the largest contributor in the deodorization systems market during the forecast period
The deodorization systems market has been segmented, on the basis of technology, into thin film and packed column. The market for packed columns is expected to have the highest CAGR between 2018 and 2023. The system's additional capacity and flexibility in use and the capability to retrofit additional components into the system are also key factors driving the growth for packed column technologies.
Government-backed production initiatives and the rising global demand are setting the stage for palm oil to dominate global edible oil market
The deodorization systems market is segmented on the basis of edible oils into soybean, olive, peanut, rapeseed/canola, sunflower, palm kernel, cottonseed, coconut, palm, and others. The market for palm oil is expected to have the highest CAGR between 2018 and 2023. The increased production of palm fruit and the support of the respective local governments have helped boost production. The high volume and lower cost compared to other oils have positively impacted the demand for the oil.
Higher efficiency, processing capacity, and ease of use are expected to positively impact the demand for continuous deodorization systems
The deodorization systems market is segmented on the basis of operation into batch, semi-continuous, and continuous systems. The market for continuous systems is expected to have the highest CAGR between 2018 and 2023. Continuous deodorization systems are designed for large capacity edible oil refinery units. These plants primarily operate a single feedstock and thereby require minimal operator involvement. Continuous deodorization systems are significantly easy to maintain, offer better heat recovery, have moderate investment costs, and are highly customizable depending on the customer's requirement.
Asia Pacific is expected to account for the largest market size during the forecast period
The Asia Pacific deodorization systems market is expected to grow at the highest CAGR during the forecast period. It is also the fastest-growing market for deodorization systems. The rise in disposable income in Asia Pacific countries has led to the increase in the demand for edible oils and premium oils, which, in turn, has fueled the growth of the deodorization systems market in this region. The Asia Pacific continues to dominate the global market for deodorization systems. The increasing penetration of deodorization systems and the influx of global players, along with the emergence of native players, are contributing to the growth of this market.
In May 2018, Myande Group launched a 3D design application for its oil and fat engineering products, which included all technologies and derivatives associated with the market. The launch of 3D design applications would ensure a faster and more accurate design process aimed toward eliminating any design errors and improving client interaction to ensure smoother workflow, observe dynamic changes, and highlight future problems.
In April 2018, Desmet Ballestra announced its plan to invest in the R&D department to develop new sustainable processes, optimize designs & yields, improve health & safety standards, and test new customer applications.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Opportunities in the Deodorization Systems Market 4.2 Deodorization Systems Market: Key Country/Region 4.3 Deodorization Systems Market, By Component 4.4 Developed vs Developing Markets for Deodorization Systems 4.5 Deodorization Systems Market, By Operation 4.6 Deodorization Systems Market, By Refining Method 4.7 Asia Pacific: Deodorization Systems Market, By Edible Oil and Country, 2017
5 Market Overview 5.1 Introduction 5.2 Industry Trends 5.2.1 Higher Capacities 5.2.2 High-Energy Efficiency 5.2.3 High-Stripping Efficiency 5.2.4 Lower Neutral Oil Losses 5.2.5 Lower Heat Load 5.2.6 Lower Pressure 5.2.7 Higher Distillate Value 5.3 Patent Analysis 5.4 Market Dynamics 5.4.1 Drivers 220.127.116.11 Growing Industrialization and Rapid Urbanization 18.104.22.168.1 Growth in Nanoneutralization Deodorization Technology 22.214.171.124 Growth in the Oil Industry 126.96.36.199.1 Increasing Demand for Edible Oil for Domestic Use 188.8.131.52.2 Increasing Demand for Deodorizer Distillates for Industrial Use 184.108.40.206 Growing Demand for Higher Nutritional Value in Edible Oil 220.127.116.11.1 Stringent Regulations Imposed on Oil Production 18.104.22.168 Facilitates Easy System Control 22.214.171.124 Technological Developments to Overcome Process Limitations 126.96.36.199.1 Heat Recovery Systems 188.8.131.52.2 Automated Systems and Higher Processing Capacities 5.4.2 Restraints 184.108.40.206 High Energy Consumption 220.127.116.11.1 Adoption of Heat Recovery Technologies 5.4.3 Opportunities 18.104.22.168 Growth of the Manufacturing Sector in Southeast Asia 22.214.171.124 Upcoming Demand for Hybridization of Algal Oils With Regular Oils 5.4.4 Challenges 126.96.36.199 Technical Difficulties During Oil Processing 188.8.131.52 Oil Losses By Evaporation 184.108.40.206 Oil Losses By Entrainment
6 Deodorization Systems Market, By Component 6.1 Introduction 6.2 Pumps 6.3 Towers 6.4 Coolers 6.5 Oil and Water Management Systems 6.6 Tanks 6.7 Others
7 Deodorization Systems Market, By Technology 7.1 Introduction 7.2 Thin Film 7.3 Packed Column 7.3.1 Increasing Capacities Back Growth of Packed Column Systems
8 Deodorization Systems Market, By Refining Method 8.1 Introduction 8.2 Physical Refining 8.3 Chemical Refining 8.3.1 Increased Production and Demand for Palm Oils Driving Chemical Refining Growth
9 Deodorization Systems Market, By Edible Oil 9.1 Introduction 9.1.1 Soybean Oil 220.127.116.11 US and South America to Be the Dominant Regions for Soybean Oil Deodorization Systems 9.1.2 Olive Oil 18.104.22.168 Spain Captures the Largest Market for Olive Oil Deodorization Market 9.1.3 Peanut Oil 22.214.171.124 India and China to Be the Fastest Growing Markets for Peanut Oil Deodorization Systems 9.1.4 Rapeseed/Canola Oil 126.96.36.199 European Market Dominated the Deodorization Systems Market for Canola Oil 9.1.5 Sunflower Oil 188.8.131.52 Ukraine is the Largest Country to Produce Sunflower Oil With A Volume of 6,235 Tons 9.1.6 Palm Kernel Oil 184.108.40.206 Indonesia and Malaysia Set to Dominate International Markets for Palm Oil Production 9.1.7 Cottonseed Oil 220.127.116.11 Continuous Deodorization is the Largely Applied Operation System for Cottonseed Oil Production 9.1.8 Coconut Oil 18.104.22.168 Indonesia to Be the Dominant Market for Coconut Oil Deodorization Systems 9.1.9 Palm Oil 22.214.171.124 Indonesia and Malaysia to Be the Largest and Fastest Growing Markets for Palm Oil Production 9.1.10 Others 126.96.36.199 US is the Largest Exporter of Corn Oil in the World
10 Deodorization Systems Market, By Operation 10.1 Introduction 10.2 Batch Deodorization Systems 10.2.1 Largely Used in the Small-Scale Edible Oil Refineries 10.3 Semi-Continuous Systems 10.3.1 Margarine and Shortenings are the Major Application Areas for Semi-Continuous Systems 10.4 Continuous Deodorization Systems 10.4.1 Largest and the Fastest Growing Systems for Process Efficiency in Large-Scale Units
11 Deodorization Systems Market, By Region 11.1 Introduction 11.2 North America 11.2.1 US 188.8.131.52 Increasing Edible Oil Imports to Supplement Growth of Deodorization Systems in Us 11.2.2 Canada 184.108.40.206 Increasing Production and Edible Oil Exports Drive Demand for Deodorization Systems in the Canadian Market 11.2.3 Mexico 220.127.116.11 Increasing Domestic Demand and Imports to Impact Mexican Deodorization Systems Market 11.3 Europe 11.3.1 Germany 18.104.22.168 Increasing International Presence to Drive German Deodorization Systems Market 11.3.2 UK 22.214.171.124 Edible Oil Imports and Healthy Consumer Lifestyle Drive Growth for UK Deodorization Systems Market 11.3.3 France 126.96.36.199 Manufacturer Interests Advance French Edible Oils Industry 11.3.4 Italy 188.8.131.52 Demand for Healthy Oils and Fats Prompts Edible Oil Market Growth in Italy 11.3.5 Netherlands 184.108.40.206 Centralized Hubs and Increasing Trade Volumes Advance Edible Oils and Deodorization Systems in Netherlands 11.3.6 Rest of Europe 220.127.116.11 Fragmented Markets Push Demand for Deodorization Systems in Rest of Europe 11.4 Asia Pacific 11.4.1 China 18.104.22.168 Large Manufacturer Base and Increasing Local Production Dictates Positive Growth for Deodorization Systems in Chinese Markets 11.4.2 Japan 22.214.171.124 Corporate Consolidation and Fierce Competition From Neighboring Countries to Affect Growth Prospects in Japan 11.4.3 India 126.96.36.199 Participation From Local Manufacturers and Increased Domestic Production Highlights Positive Growth Prospects in Indian Markets 11.4.4 Indonesia 188.8.131.52 Increasing Exports and Global Demand Influence Indonesian Deodorization Systems Market 11.4.5 Malaysia 184.108.40.206 Environmental Concerns and Government Intervention to Affect Prospects for Deodorization Systems Market in Malaysia 11.4.6 Rest of Asia Pacific 220.127.116.11 Increased Local Production and Competition From Neighboring Countries to Drive Growth in Rest of Asia Pacific Markets 11.5 South America 11.5.1 Brazil 18.104.22.168 Soybean Exports and Escalating Trade Tensions Between US and China to Drive Growth for Brazilian Deodorization Systems Market 11.5.2 Argentina 22.214.171.124 Ideal Climactic Conditions for Soybean Production to Drive Argentinian Deodorization System Markets 11.5.3 Rest of South America 126.96.36.199 Increasing Exports of Palm and Rapeseed to Impact Deodorization Systems in the Rest of South America 11.6 Middle East & Africa 11.6.1 South Africa 188.8.131.52 Increasing Agricultural Capabilities and Local Demand to Have A Positive Influence on South African Markets 11.6.2 Middle East 184.108.40.206 Easing Regulations and Increasing Market Participants Have A Positive Impact on Middle Eastern Markets 11.6.3 Rest of Africa 220.127.116.11 Fragmented Markets in Rest of Africa to Fill in the Increasing Local Demand for Deodorization Systems 18.104.22.168.1 Ghana 22.214.171.124.2 Tanzania