India Erucic acid Market to Grow with a CAGR of 3.76% through 2029
Growing use of Erucic Acid in pharmaceutical and personal care
industries is expected to drive the India Erucic acid Market growth in the
forecast period, 2025-2029.
According to TechSci Research report, “India Erucic
acid Market- By Region, Competition, Forecast and Opportunities,
2019-2029”, the India Erucic acid Market achieved a total market value of USD
1.76 billion in 2023 and is poised for strong growth in the forecast period,
with a projected Compound Annual Growth Rate (CAGR) of 3.76% through 2029.
The India Erucic Acid Market is experiencing a
significant boost in growth, and one of the key drivers behind this surge is
the increasing awareness of food safety and hygiene among consumers,
manufacturers, and regulatory authorities. Erucic acid, a long-chain
monounsaturated fatty acid derived from certain plant oils, particularly
high-erucic acid rapeseed-mustard (HEAR) oilseeds, plays a crucial role in
various industrial applications, including the food industry. The regulatory
landscape in India has been instrumental in driving awareness about erucic acid
content in edible oils. Regulatory bodies have established permissible limits
for erucic acid in edible oils to ensure consumer safety. This has necessitated
rigorous quality control and compliance measures among producers and
manufacturers. As a result, erucic acid content in edible oils is closely
monitored, and products that adhere to safety standards are readily available
to consumers.
In recent years, consumers in India have become
increasingly discerning about the quality and safety of the food products they
consume. This heightened awareness has been fueled by media coverage,
health-related information, and a growing focus on preventive healthcare.
Consumers now prioritize food safety and are actively seeking products that
meet stringent quality standards. As awareness of food safety and hygiene
grows, consumers are more likely to trust established and reputable brands that
prioritize compliance with safety standards. This trend has led manufacturers
to invest in quality assurance processes and adhere to regulatory requirements
to maintain consumer trust.
Edible oils are a prominent area of concern when it
comes to erucic acid content. Consumers are increasingly inclined to choose
edible oils that are known to comply with safety standards, which has led to a
shift in market dynamics. Manufacturers and producers who are proactive in
ensuring their products meet safety guidelines are better positioned to capture
this segment of the market. Various educational initiatives and campaigns have
contributed to the awareness of food safety and hygiene. These initiatives are
aimed at educating consumers about the importance of choosing safe and healthy
food products, including edible oils with controlled erucic acid levels.
The food industry, including edible oil manufacturers,
has responded to the growing awareness by implementing stringent quality
control measures. Manufacturers have invested in advanced testing and
monitoring technologies to ensure that their products comply with erucic acid
regulations. This proactive approach not only enhances food safety but also
bolsters consumer confidence. The heightened awareness of food safety and
hygiene in India is not limited to urban areas; it extends to rural regions as
well. This presents an opportunity for the erucic acid market to expand its
reach and cater to a broader consumer base.
Therefore, the increasing awareness of food safety and
hygiene in India is a powerful driver propelling the growth of the India Erucic
Acid Market. As consumers become more informed and discerning about the safety
of food products, manufacturers and producers are responding with compliance to
regulatory standards and quality assurance measures. This trend not only
ensures the safety of edible oils but also opens up opportunities for the
erucic acid market to thrive in an environment where consumer trust is closely
linked to food safety and quality.
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Technological advancements are playing a pivotal role
in propelling the growth of the India Erucic Acid Market. These advancements
are driving efficiency, quality, and innovation across various stages of erucic
acid production, from cultivation to extraction and refinement. One significant
area of technological progress is in agriculture, where precision farming
techniques, such as the use of advanced machinery and data-driven analytics,
have improved the cultivation of high-erucic acid rapeseed-mustard (HEAR)
oilseeds. This has led to higher crop yields and better-quality raw materials
for erucic acid extraction.
In addition, modern extraction and refining processes
have become more precise and efficient, ensuring the production of high-purity
erucic acid that meets stringent quality standards. Advanced quality control
methods and testing technologies further enhance the market's reliability by
ensuring compliance with regulatory requirements.
Furthermore, technological innovations in packaging,
logistics, and supply chain management have improved the storage and
transportation of erucic acid-based products, reducing wastage and ensuring
timely deliveries to end-users. Overall, these technological advancements are
contributing to increased production, improved product quality, and enhanced
market accessibility, fostering the steady growth of the India Erucic Acid
Market.
The India Erucic acid Market is segmented into source,
grade, application, regional distribution, and company
Based on its application, the personal care segment held
the largest market share in the forecast period. The personal care segment is
projected to experience rapid growth during the forecast period. The dominance
of a particular application segment in the India Erucic Acid Market can vary
based on various factors, including industry trends, consumer preferences, and
economic conditions. However, historically, and considering ongoing
developments, the "Personal Care" segment is likely to continue
dominating the market. Erucic acid is a valuable component in the personal care
industry, particularly in cosmetics, skincare, and haircare products. It is
used as an ingredient in formulations for moisturizers, creams, shampoos, and
conditioners. The personal care sector in India has been witnessing robust
growth due to increased consumer awareness of skincare and beauty products. The
demand for natural and organic ingredients in these products has been on the
rise. Erucic acid, derived from natural sources like mustard oil, aligns with
the trend of using natural and healthy components in personal care
formulations. It offers moisturizing properties that help improve skin
hydration, making it attractive for inclusion in cosmetics.
Based on region, West India segment is expected to
grow during the forecast period. West India emerged as the dominant player
in the India Erucic Acid Market in 2022, holding the largest market share in
terms of value. West India emerged as the dominant player in the India Erucic
Acid Market in 2022, holding the largest market share in terms of value. West
India, including states like Gujarat and Maharashtra, has a well-established
industrial and manufacturing sector. These regions are home to numerous
chemicals and oleochemical companies that play a pivotal role in erucic acid
production. Gujarat hosts several agro-based industries that produce erucic
acid from high-erucic acid rapeseed-mustard (HEAR) oilseeds. This region's
proximity to agricultural areas contributes to a steady supply of raw
materials. The industrial infrastructure and expertise in West India make it a
significant player in erucic acid production and distribution.
Major companies operating in India Erucic acid Market
are:
- Liberty Oil Mills Ltd.
- Godrej Industries Ltd.
- VVF Limited
- Acme Synthetic Chemicals Limited
- Raj Agro Oils Ltd.
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“The India Erucic Acid Market is experiencing robust
growth driven by several key factors. Increasing awareness of food safety and
hygiene standards among consumers and manufacturers is a significant catalyst,
leading to a heightened demand for erucic acid-compliant edible oils.
Regulatory compliance and safety standards have become paramount in the
production and distribution of erucic acid, assuring consumers of safe and
high-quality products. Additionally, the market benefits from erucic acid's
versatile applications, especially in the personal care industry, where it is
used in skincare and beauty products. The steady growth of the personal care
sector, coupled with consumer preferences for natural ingredients, further
propels the market. Despite challenges related to production costs and
regulatory compliance, the India Erucic Acid Market continues to expand.
Manufacturers are investing in technology and quality control measures, while
educational initiatives further raise awareness about food safety. As a result,
erucic acid remains a key ingredient in various industries, contributing to the
market's promising growth trajectory,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“India Erucic Acid By Source (Rapeseed Oil,
Canola, Tame Mustard, Fish, Others), By Grade (Low Vs High), By Application
(Plastic, Printing Ink, Personal Care, Rubber, Pharmaceuticals, Others), By
Region, Competition, Forecast and Opportunities, 2019-2029”, has evaluated
the future growth potential of India Erucic acid Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Erucic acid Market.
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