Growth Opportunities in the Deodorization Systems Market

(I-BusinessNews.Com, August 25, 2020 ) The deodorization systems market is estimated to account for a value of USD 3.4 billion in 2018 and is projected to grow at a CAGR of 4.9% from 2018, to reach a value of USD 4.3 billion by 2023. Growing industrialization and rapid urbanization, growth in the oil industry, and growing demand for higher nutritional value in edible oil are some of the factors driving the growth of the deodorization systems market.

By technology, the packed column segment is projected to be the fastest-growing segment in the deodorization systems market during the forecast period.

The packed column segment in the deodorization systems market is projected to be the fastest-growing segment as packed column technology employs a dual temperature system, which allows the deodorizer to operate in two different temperatures. This enables the system to achieve a better balance in terms of the residence time for deodorization, thereby allowing the deodorization equipment to process edible oils at various temperature and pressure requirements.

Download PDF Brochure:

By refining method, the chemical refining segment is projected to dominate the deodorization systems during the forecast period.

The chemical refining segment is projected to hold the largest market share in the deodorization systems during the forecast period as it is relatively an efficient method for reducing the fatty acid content in the crude oil with higher boiling point. This method is used in order to treat the oil with high free fatty acid content.

Middle East & Africa is projected to grow at the highest CAGR of 5.7% during the forecast period

Middle East & Africa provides the highest potential for growth due to rise in developments in deodorization equipment & technology and increased industrial activities in this region. In South Africa, the increasing number of edible oil refineries is a major factor for the growth of this industry. Easing regulations from the government and improvements in cultivation policies are expected to have a profound impact on the deodorization systems market in this region. In Middle Eastern countries, the edible oil refineries and deodorization columns are being installed as a result of foreign collaborations and local partnerships, undertaken in an effort to reduce costs and scale up production. These all factors are resulting in higher growth in the deodorization systems market in this region.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the deodorization systems market and offering various deodorization solutions. 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).

Speak to Analyst:

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra

Source: EmailWire.Com