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Deodorization Systems Market to Showcase Continued Growth in the Coming Years

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Deodorization Systems Market to Showcase Continued Growth in the Coming Years

March 25
18:42 2020
Deodorization Systems Market to Showcase Continued Growth in the Coming Years

MarketsandMarkets™
Growing industrialization and rapid urbanization, growth in the oil industry, and growing demand for higher nutritional value in edible oil are some of the factors driving the growth of the deodorization systems market.

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.

Deodorization Systems Market

By refining method, the chemical refining segment is projected to dominate the deodorization systems during the forecast period.

The chemical refining segment is projected to hold the largest market share in the deodorization systems during the forecast period as 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.

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By edible oil, the palm oil segment is projected to dominate the deodorization systems market during the forecast period.

The palm oil segment dominates the deodorization systems market as palm oil is easily refined and has lower costs. 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

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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