The deodorization systems market is expected to grow from USD 3.4 billion in 2018 to USD 4.3 billion by 2023, at a CAGR of 4.9%. The use of deodorization systems follows the market trend of increasing edible oil production, which has helped the industry evolve its systems through regulations and the requirement of healthier edible oils globally, thereby driving the growth of this market.
- To describe and forecast the deodorization systems market, in terms of component, by edible oil, refining method, and operation
- To describe and forecast the deodorization systems market, in terms of value, by region–Asia Pacific (APAC), Europe, North America, South America, and the Middle East & Africa along with their respective countries
- To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To study the complete value chain of deodorization systems
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the deodorization systems ecosystem
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
- To analyze strategic approaches such as product launches, agreements, and partnerships in the deodorization systems market
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The continuous segment is estimated to dominate the market with the largest share in 2018
On the basis of operation, the continuous segment is estimated to account for a major market share in 2018. The continuous segment is witnessing significant growth due to the need for faster and larger capacity in the refining of edible oil, which is among the key drivers for demand. The efficiency offered by the system and the flexibility to automate different functions are also major factors fueling the demand for deodorization systems in the continuous operation segment.
By refining method, the chemical segment is projected to account for the largest share of the market by 2023
The chemical segment is projected to account for the largest share by 2023. The chemical refining process involves the removal of free-fatty acids with the use of a chemical substance, which in this case is caustic soda. The crude oil undergoes a degumming process, following which the processing acids such as caustic soda are introduced to remove any underlying seed particles, carbohydrates, metal traces, or other impurities.
The palm oil segment is estimated to dominate the market with a major share in 2018
The increasing production and demand for palm oil are fueling the market growth for deodorization systems, which is emerging as the dominant segment. The high demand from producers due to the oil’s cost advantages and reliance on its functions is aiding the growth of the deodorization systems market. The demand for palm oil is also fueled by its commercial nature and the ability to mix it with other types of oils. The oil’s wide range of applications from frying to baking make it a suitable candidate for use in multiple industries, thereby benefiting users.
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The Asia Pacific is projected to witness the fastest growth during the forecast period
The deodorization systems market in the Asia Pacific is estimated to be the largest in 2017–18. The Asia Pacific market is also expected to be the fastest-growing during the forecast period due to the rapid urbanization, growing disposable income, and advancements in technology. The market in China dominated the Asia Pacific region due to the rapidly growing industrialization and investments in R&D. The region is expected to witness continued growth due to the increasing demand for edible oil and the export of equipment to other regions. The lower cost of manufacturing and availability of technology in the region help drive prospects for deodorization system manufacturers in the Asia Pacific.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. 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).
- In May 2018, Myande Group launched a 3D design application for its oil and fat engineering products, which included all technologies and derivatives associated with the market. The launch of 3D design applications would ensure a faster and more accurate design process aimed toward eliminating any design errors and improving client interaction to ensure smoother workflow, observe dynamic changes, and highlight future problems.
- In April 2018, Desmet Ballestra announced its plan to invest in the R&D department to develop new sustainable processes, optimize designs & yields, improve health & safety standards, and test new customer applications.
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