Activated Bleaching Earth Market

• Rising demand for decolorizing, refining, and bleaching of edible oil and fats is boosting the market growth.

The activated bleaching earth is extensively used in the decolorizing, refining, and bleaching of edible oil and fats. The requirement for the product is essential in Asia Pacific countries such as Indonesia, Malaysia, and India. Favorable government administration and policies in these countries have boosted market growth. Increasing acreage and yield of oilseed crops and technological advancements in the production process are the important driving forces in this industry. 

Additionally, expanding demand for biofuel, which is procured from vegetable oil, is also one of the factors leading to the demand for activated bleaching earth, especially in developed nations. the increasing adoption of healthy eating practices and consumption of low-fat oil is anticipated to drive the market in North America and Europe. Furthermore, manufacturers are utilizing advanced bleaching processes to give the consumer a more reliable quality of edible oils attributed to the individuals’ concern over the quality of these oils. These factors have positively anticipated driving the growth of the  Activated Bleaching Earth Market.

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In February 2022, India imported 1,019,997 metric tons of vegetable oils, including edible oils, amounting to 983,608 metric tonnes and non-edible oils, totaling to36,389 metric tons. Compared to February 2021, when India had imported 838607 tons of vegetable oils, it rose by 22%.

The Global Activated Bleaching Earth Market Industry is experiencing heightened demand from the food processing sector, particularly in edible oil refining. As consumers increasingly prioritize high-quality oils, manufacturers are compelled to utilize activated bleaching earth to enhance oil purity and color. This trend is projected to contribute significantly to the market's growth, with the industry expected to reach 2.09 USD Billion in 2024. The emphasis on health and quality in food products is likely to drive further investments in activated bleaching earth, ensuring compliance with stringent food safety regulations.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific dominated the market in 2021 and accounted for the maximum revenue share of more than 63.5%. This is attributed to the increased consumption of edible oils by the most populated countries in the region. The high yield of crops, such as groundnuts and other seeds, in this region, is also responsible for the rising product consumption.

The activated bleaching earth is utilized in the refining and purification of edible oils and making them suitable for human consumption by removing toxic substances from them. Europe emerged as the second-largest regional market in 2021.

Figure 3:  ACTIVATED BLEACHING EARTH MARKET SHARE BY REGION 2023 (%)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

This region is influenced by the growth of the vegetable oil & mineral oil industry in Russia, Ukraine, and Germany, which drives the product demand. The region utilizes the product for the manufacturing of edible oils & fats, such as vegetable & seed oils, and animal-based oils, such as fish oil, and in refining mineral oil. A large quantity of vegetable oils is used in the production of good-quality biodiesels. The market in North America closely follows the European market.

The moderate growth in this region is attributed to the presence of refineries and edible & non-edible oil processing units in the region. Edible oil, such as seed and fish oils, is consumed heavily in the region. Consumers in the region are cautious of oil due to the rising awareness about health.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Activated Bleaching Earth market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Activated Bleaching Earth industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Activated Bleaching Earth. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Activated Bleaching Earth industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the  Activated Bleaching Earth industry to benefit customers and expand the market sector. The Low-Profile Additives market has recently given medicine some of the most important advantages. Major Activated Bleaching Earth market players, including BASF SE, Clariant International AG, Taiko Group of Companies, and AMC (UK) Limited. Shenzhen Aoheng Science and Technology Co. Ltd. and others are attempting to increase market demand by funding R&D initiatives.

BASF is a company that provides petrochemicals, intermediates, performance materials, monomers, dispersions and pigments, performance chemicals, catalysts, coatings, and care chemicals. It conducts its operations through six business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, and Agricultural Solutions. The company serves transportation, energy, and resources.

Also, Clariant International is a company that develops, manufactures, distributes, and sells specialty chemicals. The company operates three segments: Care Chemicals, Catalysis, and Natural Resources. It provides flame retardants, polymer additives, and waxes for plastics, coatings, inks, catalysts for petrochemical and refining, synthesis gas, chemical, emissions control, specialty zeolites and zeolite-based, and custom catalysts markets