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$4.3 Billion Deodorization Systems Market - Global Forecast to 2023

Dublin, Nov. 22, 2018 (GLOBE NEWSWIRE) -- The "Deodorization Systems Market by Edible Oil (Palm, Soybean, Sunflower, Groundnut), Component, Refining Method (Physical and Chemical), Operation (Batch, Semi, and Continuous), Technology, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The deodorization systems market is projected to grow at a CAGR of 4.9%; the key drivers include growth in the edible oils industry, growing demand for higher nutritional value in edible oils, and the technological developments to overcome process limitations

The deodorization systems market is estimated at USD 3.4 billion in 2018 and projected to grow at a CAGR of 4.9%, to reach USD 4.3 billion by 2023.

The growth of the deodorization systems market is driven by the rising demand for edible oils and the prospect of oils with higher nutritional value. The key drivers for market growth are the increasing production and consumption of edible oils in developing and developed nations and government intervention in boosting oil crop production which has had a positive impact on the market. The growing demand for edible oil has resulted in increased demand for deodorization systems. The Asia Pacific is expected to dominate the deodorization systems market during the forecast period.

The growing demand for deodorization systems for edible oils, fats, and shortenings is expected to boost the demand for deodorization systems in the region. Health awareness among consumers along with the growing R&D on healthier oils is expected to drive the market growth in the region. The region is expected to face challenges in the form of tariffs and regulations toward the imports of oilseeds, which is expected to hamper the demand for deodorization systems in the region.

Palm oil segment led the market with the largest share in 2017

On the basis of edible oil, the deodorization systems market was led by the palm oil segment. The increase in the production rate of palm oil in markets in the Asia Pacific due to government intervention and global demand is the key driver for the rising demand. The high production volume and relatively low cost of the final product have made it attractive for commercial units who are utilizing the oil. The cost benefits of palm oil extend beyond applications, which include frying, baking, and other culinary functions. The oil also has a high smoke point which extends its use in commercial operations while the productivity of palm fruits helps in minimizing the cost of the produced oil.

Continuous columns in deodorization systems accounted for the largest share in 2017

Based on operation, the continuous operation segment is estimated to account for the largest share in 2018. The increasing demand for mainstream edible oil is expected to fuel the demand for continuous systems. The demand for continuous systems is expected to increase during the forecast period due to the demand for higher capacity systems. Continuous deodorization systems are designed for large capacity edible oil refinery units. These plants primarily operate a single feedstock and thereby require minimal operator involvement. Continuous deodorization systems are significantly easy to maintain, offer better heat recovery, have moderate investment costs, and are highly customizable depending on the customer's requirement.

Chemical refining to be the fastest-growing refining method of deodorization systems

Based on refining method, the chemical refining segment is expected to be the fastest-growing during the forecast period. 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 processing acids such as caustic soda are introduced to remove any underlying seed particles, carbohydrates, metal traces, or other impurities.

High growth is expected in the Asia Pacific deodorization systems market

The Asia Pacific is projected to be the fastest-growing market for the period considered for this study due to the rising disposable income and increase in demand for edible oils, along with the growing industrial base, leading to increased demand for deodorization systems in the region. In addition, the market is driven by the growing demand for beverages in developing countries such as India, China, Indonesia, and Malaysia.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Opportunities in the Deodorization Systems Market
4.2 Deodorization Systems Market: Key Country/Region
4.3 Deodorization Systems Market, By Component
4.4 Developed vs Developing Markets for Deodorization Systems
4.5 Deodorization Systems Market, By Operation
4.6 Deodorization Systems Market, By Refining Method
4.7 Asia Pacific: Deodorization Systems Market, By Edible Oil and Country, 2017

5 Market Overview
5.1 Introduction
5.2 Industry Trends
5.2.1 Higher Capacities
5.2.2 High-Energy Efficiency
5.2.3 High-Stripping Efficiency
5.2.4 Lower Neutral Oil Losses
5.2.5 Lower Heat Load
5.2.6 Lower Pressure
5.2.7 Higher Distillate Value
5.3 Patent Analysis
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Growing Industrialization and Rapid Urbanization
5.4.1.1.1 Growth in Nanoneutralization Deodorization Technology
5.4.1.2 Growth in the Oil Industry
5.4.1.2.1 Increasing Demand for Edible Oil for Domestic Use
5.4.1.2.2 Increasing Demand for Deodorizer Distillates for Industrial Use
5.4.1.3 Growing Demand for Higher Nutritional Value in Edible Oil
5.4.1.3.1 Stringent Regulations Imposed on Oil Production
5.4.1.4 Facilitates Easy System Control
5.4.1.5 Technological Developments to Overcome Process Limitations
5.4.1.5.1 Heat Recovery Systems
5.4.1.5.2 Automated Systems and Higher Processing Capacities
5.4.2 Restraints
5.4.2.1 High Energy Consumption
5.4.2.1.1 Adoption of Heat Recovery Technologies
5.4.3 Opportunities
5.4.3.1 Growth of the Manufacturing Sector in Southeast Asia
5.4.3.2 Upcoming Demand for Hybridization of Algal Oils With Regular Oils
5.4.4 Challenges
5.4.4.1 Technical Difficulties During Oil Processing
5.4.4.2 Oil Losses By Evaporation
5.4.4.3 Oil Losses By Entrainment

6 Deodorization Systems Market, By Component
6.1 Introduction
6.2 Pumps
6.3 Towers
6.4 Coolers
6.5 Oil and Water Management Systems
6.6 Tanks
6.7 Others

7 Deodorization Systems Market, By Technology
7.1 Introduction
7.2 Thin Film
7.3 Packed Column
7.3.1 Increasing Capacities Back Growth of Packed Column Systems

8 Deodorization Systems Market, By Refining Method
8.1 Introduction
8.2 Physical Refining
8.3 Chemical Refining
8.3.1 Increased Production and Demand for Palm Oils Driving Chemical Refining Growth

9 Deodorization Systems Market, By Edible Oil
9.1 Introduction
9.1.1 Soybean Oil
9.1.1.1 US and South America to Be the Dominant Regions for Soybean Oil Deodorization Systems
9.1.2 Olive Oil
9.1.2.1 Spain Captures the Largest Market for Olive Oil Deodorization Market
9.1.3 Peanut Oil
9.1.3.1 India and China to Be the Fastest Growing Markets for Peanut Oil Deodorization Systems
9.1.4 Rapeseed/Canola Oil
9.1.4.1 European Market Dominated the Deodorization Systems Market for Canola Oil
9.1.5 Sunflower Oil
9.1.5.1 Ukraine is the Largest Country to Produce Sunflower Oil With A Volume of 6,235 Tons
9.1.6 Palm Kernel Oil
9.1.6.1 Indonesia and Malaysia Set to Dominate International Markets for Palm Oil Production
9.1.7 Cottonseed Oil
9.1.7.1 Continuous Deodorization is the Largely Applied Operation System for Cottonseed Oil Production
9.1.8 Coconut Oil
9.1.8.1 Indonesia to Be the Dominant Market for Coconut Oil Deodorization Systems
9.1.9 Palm Oil
9.1.9.1 Indonesia and Malaysia to Be the Largest and Fastest Growing Markets for Palm Oil Production
9.1.10 Others
9.1.10.1 US is the Largest Exporter of Corn Oil in the World

10 Deodorization Systems Market, By Operation
10.1 Introduction
10.2 Batch Deodorization Systems
10.2.1 Largely Used in the Small-Scale Edible Oil Refineries
10.3 Semi-Continuous Systems
10.3.1 Margarine and Shortenings are the Major Application Areas for Semi-Continuous Systems
10.4 Continuous Deodorization Systems
10.4.1 Largest and the Fastest Growing Systems for Process Efficiency in Large-Scale Units

11 Deodorization Systems Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 Increasing Edible Oil Imports to Supplement Growth of Deodorization Systems in Us
11.2.2 Canada
11.2.2.1 Increasing Production and Edible Oil Exports Drive Demand for Deodorization Systems in the Canadian Market
11.2.3 Mexico
11.2.3.1 Increasing Domestic Demand and Imports to Impact Mexican Deodorization Systems Market
11.3 Europe
11.3.1 Germany
11.3.1.1 Increasing International Presence to Drive German Deodorization Systems Market
11.3.2 UK
11.3.2.1 Edible Oil Imports and Healthy Consumer Lifestyle Drive Growth for UK Deodorization Systems Market
11.3.3 France
11.3.3.1 Manufacturer Interests Advance French Edible Oils Industry
11.3.4 Italy
11.3.4.1 Demand for Healthy Oils and Fats Prompts Edible Oil Market Growth in Italy
11.3.5 Netherlands
11.3.5.1 Centralized Hubs and Increasing Trade Volumes Advance Edible Oils and Deodorization Systems in Netherlands
11.3.6 Rest of Europe
11.3.6.1 Fragmented Markets Push Demand for Deodorization Systems in Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.1.1 Large Manufacturer Base and Increasing Local Production Dictates Positive Growth for Deodorization Systems in Chinese Markets
11.4.2 Japan
11.4.2.1 Corporate Consolidation and Fierce Competition From Neighboring Countries to Affect Growth Prospects in Japan
11.4.3 India
11.4.3.1 Participation From Local Manufacturers and Increased Domestic Production Highlights Positive Growth Prospects in Indian Markets
11.4.4 Indonesia
11.4.4.1 Increasing Exports and Global Demand Influence Indonesian Deodorization Systems Market
11.4.5 Malaysia
11.4.5.1 Environmental Concerns and Government Intervention to Affect Prospects for Deodorization Systems Market in Malaysia
11.4.6 Rest of Asia Pacific
11.4.6.1 Increased Local Production and Competition From Neighboring Countries to Drive Growth in Rest of Asia Pacific Markets
11.5 South America
11.5.1 Brazil
11.5.1.1 Soybean Exports and Escalating Trade Tensions Between US and China to Drive Growth for Brazilian Deodorization Systems Market
11.5.2 Argentina
11.5.2.1 Ideal Climactic Conditions for Soybean Production to Drive Argentinian Deodorization System Markets
11.5.3 Rest of South America
11.5.3.1 Increasing Exports of Palm and Rapeseed to Impact Deodorization Systems in the Rest of South America
11.6 Middle East & Africa
11.6.1 South Africa
11.6.1.1 Increasing Agricultural Capabilities and Local Demand to Have A Positive Influence on South African Markets
11.6.2 Middle East
11.6.2.1 Easing Regulations and Increasing Market Participants Have A Positive Impact on Middle Eastern Markets
11.6.3 Rest of Africa
11.6.3.1 Fragmented Markets in Rest of Africa to Fill in the Increasing Local Demand for Deodorization Systems
11.6.3.1.1 Ghana
11.6.3.1.2 Tanzania

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking
12.3 Competitive Scenario
12.3.1 New Product Launches & Developments
12.3.2 Investments and Partnerships

13 Company Profiles
13.1 Alfa Laval
13.2 Desmet Ballestra
13.3 Crown Iron Works
13.4 Compro International
13.5 Zhengzhou Sunshine Machinery Co. Ltd.
13.6 Luohe Zhongzhiyuan Grains & Oil Machinery Co. Ltd.
13.7 Myande Group Co. Ltd.
13.8 Goyum Screw Press
13.9 Hum Oil & Fat Technologies
13.10 Andreotti Impianti S.P.A
13.11 DVC Process Technologists Pvt. Ltd.
13.12 Gianazza International S.P.A

For more information about this report visit https://www.researchandmarkets.com/research/2qljqc/4_3_billion?w=12

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Related Topics: Oils and Fats

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