PUBLISHER: Grand View Research | PRODUCT CODE: 1268797
PUBLISHER: Grand View Research | PRODUCT CODE: 1268797
The global oleic acid market size is expected to reach USD 684.7 million by 2030, expanding at 4.6% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The personal care and cosmetics industry is growing at a steady rate and is expected to continue growing in the coming years, due to increasing consumer demand for high-quality, natural, and organic products.
Oleic acid is widely used in the personal care and cosmetics industry, as they have several properties that make them useful in a variety of skincare products. These acids are considered a more stable form of fatty acid. As a result, they are included in the form of multiple personal care & cosmetic products to enhance the texture as well as to shield some other delicate substances like antioxidants from light and air exposure.
Additionally, the driving factors for the personal care and cosmetics market include an increasing emphasis on personal grooming and appearance and advances in technology and research leading to the development of new products. Furthermore, the rise of social media and the impact of influencers and celebrities on beauty trends also play a role in driving the market. As a result, the overall growth of the personal care & cosmetics market globally has paved way for oleic acid application and is expected to grow further over the forecast period.
Oleic acid also has several benefits when used in the right amounts. Apart from this, high consumption can cause some high-risk deficiencies, which could eventually lead to heart failure. Similarly, combining oleic acid with other blood pressure and diabetes medications can cause high-risk outcomes such as low blood sugar levels. Furthermore, it causes eye irritation along with the threat of causing respiratory tract irritations if inhaled. Such harmful side effects associated with the high consumption of the product are anticipated to hamper the market growth globally.