Market Overview:
The global stearin market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for stearin from various end-use industries such as food and beverages, personal care and cosmetics, agrochemical, and energy and biomass. In terms of type, palm stearin is expected to dominate the global market during the forecast period owing to its high demand from various end-use industries. However, shea stearin is projected to grow at a higher CAGR than palm stearin during the forecast period due to its rising popularity among consumers for use in skin care products.
Product Definition:
A white, waxy, solid fat that is a constituent of many animal and vegetable oils. It is used in making candles, soaps, and cosmetics.
Palm Stearin:
Palm stearin is a major ingredient in the production of oleochemicals. It is obtained from the reaction of palmitic acid and stearic acid, which are derived from vegetable oils such as coconut oil, soybean oil, sunflower oil and rapeseed oil.
Shea Stearin:
Shea stearin is a part of fatty acid esters. It is obtained from the nuts and seeds of the shea tree (Vitellaria paradoxum) that grows in tropical regions of Africa, South America, and Southeast Asia. The extraction process involves solvent refining followed by fractionation using membrane separation technology to obtain refined oil along with any impurities present in it.
Application Insights:
The global stearin market is segmented based on application into food and beverages, personal care and cosmetics, agrochemical industry, energy and biomass. The food and beverage sector was the largest application segment in 2017. Stearin has a high demand from this sector as it improves the texture of foods such as sauces, desserts & pastries by increasing their viscosity. It also helps improve the shelf life of products including sauces by preventing oxidation which leads to degradation of flavors.
Stearins are used in manufacturing non-dairy creamers due to its thickening ability that helps create a rich creamy texture without adding any additional calories or sugar content to them compared to traditional dairy creams made using milk or butterfat along with it being gluten free makes it suitable for people who suffer from lactose intolerance making them an ideal substitute for lactose containing products like ice cream cakes etcetera.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The region comprises emerging economies, such as China, India, Thailand and Indonesia. Increasing population coupled with rising living standards have resulted in an increased demand for food products across these countries. This has led to a rise in demand for stearin-based additives used during manufacturing of packaged food items such as confectionery goods, dairy products and others.
The personal care industry is also anticipated to witness considerable growth owing to increasing awareness regarding beauty among people of Asian countries including China and India which will drive product consumption over the next eight years.
Growth Factors:
- Increasing demand for candles and other household products that use stearin as a base ingredient.
- Rising popularity of natural and organic products, which has led to an increase in the demand for stearin derived from sustainable sources.
- Growing awareness of the benefits of using stearin-based products, such as its ability to improve skin health and reduce wrinkles.
- The increasing trend towards DIY projects, which has led to an increase in the use of stearin by home crafters looking for a versatile ingredient that can be used in a variety of applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Stearin Market Research Report
By Type
Palm Stearin, Shea Stearin, Other
By Application
Food and Beverages Industry, Personal Care and Cosmetic Industry, Agrochemical Industry, Energy and Biomass Industry
By Companies
IOI Loders Croklaan, Ciranda, Wilmar, Natural Habitats, Fuji Oil, Cargill, Manorama, 3F Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Stearin Market Report Segments:
The global Stearin market is segmented on the basis of:
Types
Palm Stearin, Shea Stearin, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverages Industry, Personal Care and Cosmetic Industry, Agrochemical Industry, Energy and Biomass Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IOI Loders Croklaan
- Ciranda
- Wilmar
- Natural Habitats
- Fuji Oil
- Cargill
- Manorama
- 3F Industries
Highlights of The Stearin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Palm Stearin
- Shea Stearin
- Other
- By Application:
- Food and Beverages Industry
- Personal Care and Cosmetic Industry
- Agrochemical Industry
- Energy and Biomass Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Stearin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Stearin is a type of fat that is found in animal products. It helps to keep food moist and provides a creamy texture.
Some of the major players in the stearin market are IOI Loders Croklaan, Ciranda, Wilmar, Natural Habitats, Fuji Oil, Cargill, Manorama, 3F Industries.
The stearin market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stearin Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Stearin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stearin Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Stearin Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Stearin Market Size & Forecast, 2020-2028
4.5.1 Stearin Market Size and Y-o-Y Growth
4.5.2 Stearin Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Palm Stearin
5.2.2 Shea Stearin
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food and Beverages Industry
6.2.2 Personal Care and Cosmetic Industry
6.2.3 Agrochemical Industry
6.2.4 Energy and Biomass Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stearin Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Stearin Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Palm Stearin
9.6.2 Shea Stearin
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food and Beverages Industry
9.10.2 Personal Care and Cosmetic Industry
9.10.3 Agrochemical Industry
9.10.4 Energy and Biomass Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Palm Stearin
10.6.2 Shea Stearin
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food and Beverages Industry
10.10.2 Personal Care and Cosmetic Industry
10.10.3 Agrochemical Industry
10.10.4 Energy and Biomass Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Palm Stearin
11.6.2 Shea Stearin
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food and Beverages Industry
11.10.2 Personal Care and Cosmetic Industry
11.10.3 Agrochemical Industry
11.10.4 Energy and Biomass Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Palm Stearin
12.6.2 Shea Stearin
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food and Beverages Industry
12.10.2 Personal Care and Cosmetic Industry
12.10.3 Agrochemical Industry
12.10.4 Energy and Biomass Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Palm Stearin
13.6.2 Shea Stearin
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food and Beverages Industry
13.10.2 Personal Care and Cosmetic Industry
13.10.3 Agrochemical Industry
13.10.4 Energy and Biomass Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Stearin Market: Competitive Dashboard
14.2 Global Stearin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IOI Loders Croklaan
14.3.2 Ciranda
14.3.3 Wilmar
14.3.4 Natural Habitats
14.3.5 Fuji Oil
14.3.6 Cargill
14.3.7 Manorama
14.3.8 3F Industries
