Some
of the top companies operating in the Middle East edible oil
co-products and by-products market are VVF L.L.C., Cayman Chemical
Company, Rade Chemicals, Chemipakhsh Iran Co. Ltd., Mallinath Group,
A & B Chemical Corporation, Iran Chemical Provider Co., Genome
Specialities Fzc, Oleo Misr, and Arabian Environmental Protection Co.
LLC. Transparency Market Research has observed that the presence of
local players is rather strong in several country-specific markets.
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“Players
in the Middle East edible oil co-products and by-products market are
focused on different regions, end uses, and product types, based on
their individual business interests and the opportunities presented
by each segment,” the lead analyst at TMR states.
For
instance, in Turkey, local manufacturers have been concentrating on
the production of hard oil fatty acid distillates as an economic
alternative to soaps. Pure acid oil offers lucrative options for
players in Egypt and Turkey, where the demand for animal feed is
high.
Market
Looks to Demand for and Sales of Dried Soap Stock for Growth
“Dried
soap stock is one of the key segments of the Middle
East edible oil co-products and by-products market and
growing demand for the same visibly impacts the overall market,”
states the author of the report. “The market for dried soap stock
is anticipated to witness a steady increase during the forecast
period owing mainly to the extensive use of this co-product in animal
feed.”
Dried
soap stock increases the nutritional value of animal feed, provides
flexibility in processing and utilization, and improves pelletizing.
When treated with a strong mineral acid and converted into a crude
mixture of fatty acids, it is used as a calorific component in animal
feed. However, shrinking water resources, food shortages, and
escalating feed prices are likely to hamper the growth of this
segment. Moreover, the market for dried soap stock is anticipated to
reach a state of maturity in the product life cycle. This is expected
to affect the development of the overall market for edible oil
co-products and by-products.
TMR
recommends that companies in the market can depend on product
innovation and new applications to cushion the impact of these
roadblocks. Research and development activities dedicated toward
finding new applications also presents significant opportunities for
players.
Mixed
Soft Oil Fatty Acid Distillates to Register Robust Growth by Value
and Volume
The
demand for edible oil co-products and by-products in the Middle East
was pegged at 388,944.3 tonnes in 2015 and is expected to reach
559,775.89 tonnes by 2024, exhibiting a CAGR of 4.2% therein.
Revenue-wise, the market is set to expand at a 5% CAGR from 2016 to
2024. By edible oil co-products and by-products, the Middle East
market is led by dried soap stock, in terms of both volume and value.
By volume, the segment is projected to reach 226,037.50 tonnes by
2024. On the other hand, mixed soft oil fatty acid distillates will
form the fastest growing segment in the edible oil co-products and
by-products market by 2024, registering a 5.9% CAGR by volume.
This
review is based on the findings of a TMR report titled “Edible Oil
Co-Products and By-Products Market: Middle East Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
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
- Sludge
- Earth Distillate
Middle
East Edible Oil Co-Product and By-Products Market, by End Use
- Animal Feed
- Soaps and Detergent
- Tocopherol
- Personal Care Products
- Intermediate Chemical
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