Canada Oleochemical Market Research Report, 2029

Canada's oleochemical sector has grown and evolved significantly, mirroring global trends towards sustainability and bio-based goods. Canada recognised the oleochemical sector's promise, concentrating on renewable resources such as canola, soybean, and animal fats. The market has grown throughout the years, expanding into new uses such as personal care products, culinary additives, industrial lubricants, and biodiesel. The employment of modern enzymatic methods and unique catalysts has increased the efficiency and scope of oleochemical production, allowing for the development of new products that meet severe environmental regulations. The focus on green chemistry has resulted in the creation of biodegradable plastics, surfactants, and speciality chemicals that are in line with global sustainability goals. The government has launched various measures to promote renewable energy and sustainable behaviours, including the Clean Fuel Standard. Furthermore, respect to international standards, such as those established by the International Organisation for Standardisation (ISO), maintains the quality and competitiveness of Canadian oleochemical products on a global scale. Collaborations between academics and industry help to drive the expansion of the oleochemical industry by encouraging the development of new technology and applications. The epidemic emphasised the significance of sustainable supply chains, encouraging businesses to reconsider their sourcing strategy and invest in local manufacturing skills. As a result, the pandemic has highlighted the importance of resilience and sustainability in the oleochemicals industry, resulting in a faster shift towards more sustainable business practices. According to the research report, "Canada Oleochemicals Market Research Report, 2029," published by Actual Market Research, the Canada oleochemicals market is anticipated to add to more than USD 330 Million by 2024–29. The Canadian oleochemicals market is in a dynamic phase, with a focus on sustainability and environmentally friendly options. This trend is driven by an increase in demand for bio-based goods in industries such as personal care, food, medicines, and industrial uses. The Canadian oleochemicals market is expected to expand rapidly in the future years, as companies capitalise on technical advancements and the government's commitment to supporting ecologically friendly practices. The value of the Canadian oleochemical industry is increasing, owing to rising demand for bio-based products and a growing emphasis on carbon footprint reduction. The sector's ability to provide sustainable alternatives to petrochemical-based products distinguishes it as an important part of Canada's economic and environmental agenda. Cargill Canada, BASF Canada, Oleotec, and Croda Canada are among the most prominent corporations. These companies are at the forefront of R&D, developing novel goods that meet consumer desire for natural and sustainable alternatives. Cargill, for example, uses its large supply chain and agricultural commodities knowledge to generate a diverse spectrum of oleochemicals. Furthermore, industry bodies such as the Canadian Renewable Fuels Association (CRFA) and the Chemistry Industry Association of Canada (CIAC) play an important role in promoting the benefits of oleochemicals and encouraging collaboration across the sector.

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Palm oil and palm kernel oil are mostly imported in the Canadian oleochemical industry due to the country's inhospitable climate for oil palm growth. Palm kernel oil, which contains lauric acid, is used in detergents and personal care products. However, environmental issues, such as deforestation and biodiversity loss, have heightened scrutiny and demand for certified sustainable palm oil. Coconut oil is used in personal care, food, and industrial applications due to its moisturising and antibacterial properties. Furthermore, its use in cooking and food goods is increasing as customers look for healthier alternatives to typical cooking oils. Because of Canada's large soybean production, soybean oil is an important component of the oleochemical sector. Soybean oil is used for food processing, biodiesel generation, and a variety of industrial purposes. As customers become more health-conscious, soybean oil's position in the food sector has shifted, with a focus on non-GMO and organic options. However, the market is facing challenges due to shifting commodity prices and the environmental impact of intensive soybean growing. Rapeseed oil, particularly canola oil, is a key player in Canada's oleochemical industry because of its domestic production and favourable fatty acid composition. Canola oil is known for its low saturated fat content and high quantities of omega-3 fatty acids, making it a popular choice among health-conscious consumers. Bunge Canada is another major contributor, using its agricultural skills to generate high-quality vegetable oils like canola and soybean oil. Richardson International, Canada's largest agribusiness, is significantly invested in the canola oil industry, promoting expansion through research and innovation. In Canada, oleochemicals are mostly used in the personal care and cosmetics industries. Oleochemicals, such as fatty acids, fatty alcohols, and esters, play important roles in skincare, haircare, and cosmetics products by moisturising, emulsifying, and conditioning. As Canadian customers prioritise eco-friendly and clean-label products, the market for oleochemical-based personal care items grows. Another major consumer of oleochemicals in Canada is the food and beverage industry. However, this category is facing problems due to consumer concerns about genetically modified organisms (GMOs) and the environmental impact of agricultural techniques. As a result, there is an increasing demand for non-GMO and organic oleochemical components in culinary applications. Industrial applications make up a sizable portion of the Canadian oleochemical sector, including the production of lubricants, polymers, and adhesives. However, this market confronts hurdles, including raw material price volatility and competition from more established petrochemical goods. Oleochemicals are used as excipients, emulsifiers, and carriers in pharmaceutical formulations. Oleochemicals such as glycerin and fatty acids are required to create stable, effective medicinal formulations. While this area is smaller than personal care and food applications, it is continuously developing due to increasing health awareness and demand for natural components in pharmaceuticals. Fatty acids such as stearic acid, oleic acid, and linoleic acid are prized for their functional qualities, which include the potential to function as emulsifiers, stabilisers, and surfactants. Fatty acid demand is being driven by a growing consumer preference for natural and sustainable products, particularly in the personal care and cosmetics industries. Fatty alcohols are valued for their emollient characteristics, which contribute to the smooth texture and moisturising effects of cosmetics and skincare products. They function as surfactants in detergents, increasing cleaning efficiency. In Canada, fatty acid derivatives are used to make biodegradable polymers, lubricants, and speciality chemicals. Their adaptability and practical features make them vital for developing high-performance goods. Oleotec and Croda Canada are key providers that contribute significantly to the advancement of fatty acid derivative production and application, as well as driving innovation and growing market potential. Fatty Acid Methyl Ester (FAME) is a substantial section of the Canadian oleochemical business, principally utilised in biodiesel production. In addition to its use in biofuels, FAME is utilised as a solvent and intermediary in the production of surfactants and lubricants. FAME's environmental benefits, such as lower carbon emissions and improved biodegradability, are consistent with Canada's sustainability goals, promoting its use across a variety of industries.

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Kripa Shah

Senior Analyst

Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Oleochemical market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Source • Palm Oil and Palm Kernel Oil • Coconut Oil • Soybean Oil • Rapeseed Oil • Sunflower Oil • Other Oil (Animal Fats, Waste and By-Products, Microbial and Emerging Sources) By End Users • Personal care and Comestics • Soaps and detergents • Food and feed • Rubber and plastics • Coatings and Resins • Lubricants • Others By Types • Fatty acids • Fatty alcohols • Fatty acid derivatives • Fatty acid methyl ester (FAME) The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Oleochemical industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry. Keywords: Oleochemical, Palm Oil and Palm Kernel Oil, Coconut Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Animal Fats, Waste and By-Products, Microbial and Emerging Sources, personal care and comestics, soaps and detergents, food and feed, Rubber and plastics, Coatings and Resins, Lubricants, Fatty acids, Fatty alcohols, Fatty acid derivatives, Fatty acid methyl ester (FAME)