Deodorization Systems Market

Deodorization Systems Market worth $4.3 billion by 2023

The report "Deodorization Systems Market by Seedoil (Palm Oil, Soybean, Sunflower, Groundnut & Others), Component, Refinery Method (Physical & Chemical), Operation (Batch, Semi, & Automatic), Technique (Thin Film & Packed Column) - Global Forecast to 2023", is estimated to be valued at USD 3.4 billion in 2018 and is projected to reach a value of USD 4.3 billion by 2023, growing at a CAGR of 4.9% during the forecast period. Factors such as growing demand for higher nutritional value in edible oil and growing industrialization & rapid urbanization are driving the growth of this market.

Browse 125 market data Tables and 61 Figures spread through 184 Pages and in-depth TOC on "Deodorization Systems Market by Seedoil (Palm Oil, Soybean, Sunflower, Groundnut & Others), Component, Refinery Method (Physical & Chemical), Operation (Batch, Semi, & Automatic), Technique (Thin Film & Packed Column) - Global Forecast to 2023"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/deodorization-system-market-261682843.html

The packed column segment, by technology, is estimated to account for a larger market share, in terms of value, in 2018

The packed column segment dominated the market for deodorization systems, by technology, as they offer many benefits to refiners including increased surface area and the flexibility in controlling the process flow. This segment also presents faster residence time compared to other technologies, which makes it a suitable choice for processing heat-sensitive oils such as algae oil, and fish oil that does not require to be completely deodorized.

The chemical refining segment is estimated to witness the fastest growth in the deodorization systems market, by refinery method, in 2018

The chemical refining segment of deodorization systems involves the removal of free-fatty acids with the use of a chemical substance. It is relatively an efficient method for reducing the fatty acid content in the crude oil with higher boiling point. This method is used in order to treat the oil with high free fatty acid content.

The palm oil segment, by edible oil, is estimated to account for the largest market share, by value, in 2018

Based on edible oil, the deodorization systems market is segmented into soybean oil, olive oil, peanut oil, rapeseed/ canola oil, sunflower oil, palm kernel pol, cottonseed oil, coconut oil, palm oil, and others which include linseed, corn, and sesame oils. The palm oil segment is estimated to hold the largest market share in 2018 as it is easily refined and has lower costs, which has made it popular with commercial food industries that utilize the oil in frying. Also, palm oils have a high tocopherol content, which is favored by commercial industries as this results in better stability in the oils, thereby improving their shelf life.   Indonesia and Malaysia are among the key players in the palm oil market.

The upcoming demand for hybridization of algal oils with regular oils has created opportunities for deodorization systems manufacturers

The algal oils have yielded positive results and are witnessing increased acceptance by the general public as it is regarded healthy for human consumption. This has created opportunities for deodorization systems manufacturers to come up with latest technologies to meet the need of oil refiners. The high stability algal oil and oleic canola oils are being tested by TerraVia (US) and have shown promising results, which have accelerated the market prospects.

Middle East & Africa is projected to grow at the highest CAGR of 5.7% during the forecast period

Middle East & Africa provides the highest potential for growth due to rise in developments in deodorization equipment & technology and increased industrial activities in this region. In South Africa, the increasing number of edible oil refineries is a major factor for the growth of this industry. Easing regulations from the government and improvements in cultivation policies are expected to have a profound impact on the deodorization systems market in this region.  In Middle Eastern countries, the edible oil refineries and deodorization columns are being installed as a result of foreign collaborations and local partnerships, undertaken in an effort to reduce costs and scale up production. These all factors are resulting in higher growth in the deodorization systems market in this region.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the deodorization systems market and offering various deodorization solutions. It includes the profiles of leading companies such as Alfa Laval AB (Sweden), Desmet Ballestra (Belgium), Crown Iron Works (US), Compro International (Canada), Zhengzhou Sunshine Machinery Co. Inc. (China), Luohe Zhonzhiyuan Grains & Oil Machinery Co. Inc (China), Myande Group (China), Goyum Screw Press Pvt. Ltd. (India), HUM Oil and Fat Technologies (Turkey), Andreotti Impianti S.p.A (Italy), DVC Process Technologists Pvt. Ltd. (India), and Gianazza International S.p.A. (Italy).

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Report Code
FB 6749
PR Published ON
11/15/2018
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