Global Stearin
Market Report
2025
The global stearin market size is USD 105.6 million in 2024. The growing demand for fats and oils across several industrial domains is likely to boost sales to USD 677.03 million by 2031, with a Compound Annual Growth Rate (CAGR) of 30.4% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global stearin market size will be USD 105.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 30.4% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Stearin Market Sales Revenue | 121212 | $ 105.6 | 121212 | 121212 | 121212 | 30.4% |
North America Stearin Market Sales Revenue | 121212 | $ 42.2 | 121212 | 121212 | 121212 | 28.6% |
Mexico Stearin Market Sales Revenue | 121212 | $ 3.8 | 121212 | 121212 | 121212 | 29.1% |
Canada Stearin Market Sales Revenue | 121212 | $ 5.1 | 121212 | 121212 | 121212 | 29.4% |
United States Stearin Market Sales Revenue | 121212 | $ 33.3 | 121212 | 121212 | 121212 | 28.4% |
Europe Stearin Market Sales Revenue | 121212 | $ 31.7 | 121212 | 121212 | 121212 | 28.9% |
France Stearin Market Sales Revenue | 121212 | $ 2.9 | 121212 | 121212 | 121212 | 28.1% |
Spain Stearin Market Sales Revenue | 121212 | $ 2.6 | 121212 | 121212 | 121212 | 28% |
United Kingdom Stearin Market Sales Revenue | 121212 | $ 5.3 | 121212 | 121212 | 121212 | 29.7% |
Russia Stearin Market Sales Revenue | 121212 | $ 4.9 | 121212 | 121212 | 121212 | 27.9% |
Italy Stearin Market Sales Revenue | 121212 | $ 2.7 | 121212 | 121212 | 121212 | 28.3% |
Germany Stearin Market Sales Revenue | 121212 | $ 6.3 | 121212 | 121212 | 121212 | 29.1% |
Rest of Europe Stearin Market Sales Revenue | 121212 | $ 4.9 | 121212 | 121212 | 121212 | 27.6% |
Asia Pacific Stearin Market Sales Revenue | 121212 | $ 24.3 | 121212 | 121212 | 121212 | 32.4% |
Japan Stearin Market Sales Revenue | 121212 | $ 3.4 | 121212 | 121212 | 121212 | 30.9% |
China Stearin Market Sales Revenue | 121212 | $ 10.9 | 121212 | 121212 | 121212 | 31.9% |
Australia Stearin Market Sales Revenue | 121212 | $ 1.3 | 121212 | 121212 | 121212 | 32.1% |
India Stearin Market Sales Revenue | 121212 | $ 2.9 | 121212 | 121212 | 121212 | 34.2% |
Korea Stearin Market Sales Revenue | 121212 | $ 2.4 | 121212 | 121212 | 121212 | 31.5% |
Rest of APAC Stearin Market Sales Revenue | 121212 | $ 1.7 | 121212 | 121212 | 121212 | 32.2% |
South America Stearin Market Sales Revenue | 121212 | $ 5.3 | 121212 | 121212 | 121212 | 29.8% |
Argentina Stearin Market Sales Revenue | 121212 | $ 0.9 | 121212 | 121212 | 121212 | 30.7% |
Brazil Stearin Market Sales Revenue | 121212 | $ 2.3 | 121212 | 121212 | 121212 | 30.4% |
Chile Stearin Market Sales Revenue | 121212 | $ 0.4 | 121212 | 121212 | 121212 | 30.1% |
Peru Stearin Market Sales Revenue | 121212 | $ 0.4 | 121212 | 121212 | 121212 | 30% |
Colombia Stearin Market Sales Revenue | 121212 | $ 0.5 | 121212 | 121212 | 121212 | 29.6% |
Rest of South America Stearin Market Sales Revenue | 121212 | $ 0.9 | 121212 | 121212 | 121212 | 28.9% |
Middle East and Africa Stearin Market Sales Revenue | 121212 | $ 2.1 | 121212 | 121212 | 121212 | 30.1% |
Egypt Stearin Market Sales Revenue | 121212 | $ 0.2 | 121212 | 121212 | 121212 | 30.4% |
Turkey Stearin Market Sales Revenue | 121212 | $ 0.2 | 121212 | 121212 | 121212 | 29.6% |
Rest of MEA Stearin Market Sales Revenue | 121212 | $ 0.3 | 121212 | 121212 | 121212 | 29.1% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Trends:
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Report scope is customizable as we have a huge database of Stearin industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Stearin Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Stearin is a type of fat derived from animal or vegetable sources, primarily consisting of stearic acid, a saturated fatty acid. It is often used in various applications, including food processing, cosmetics, candles, and industrial products. In the food industry, stearin acts as a solidifying agent, helping to improve the texture and stability of products like margarine and confectionery. In cosmetics, it is used as an emulsifier and thickening agent in creams and lotions. In the candle-making industry, stearin helps to harden candles and improve their burn quality. In addition to food and cosmetics, stearin is used in multiple industrial applications, including lubricants, plastics, and textiles. The expansion of industrial activities and advancements in manufacturing processes lead to the growth of the stearin market.
The increasing demand for processed and packaged foods is a major driver of the stearin market revenue. This growth is attributed to changing lifestyles, urbanization, and the convenience of ready-to-eat food products. Stearin, a type of fat derived primarily from palm oil, is widely used in the food industry for its ability to improve the texture, stability, and shelf life of processed foods. It acts as a solidifying agent, which is essential in products such as margarine, baked goods, and confectionery. As consumer preferences shift towards convenience and ready-made meals, the demand for stearin in food manufacturing continues to rise. Besides, the expansion of retail chains and food service outlets globally further boosts the market need for stearin, as these establishments increasingly offer a wide range of processed and packaged food products.
The growing use of stearin in personal care and cosmetics products is another significant driver for the market expansion. Stearin is utilized in various cosmetic formulations due to its emollient properties, which help to improve the texture and stability of products like creams, lotions, and lipsticks. It serves as a thickening agent and contributes to the smooth application of these products. The personal care and cosmetics industry is expanding rapidly, owing to the rising consumer awareness of skincare and beauty, increased disposable incomes, and a growing emphasis on high-quality cosmetic products. As the demand for premium and specialized personal care products increases, so does the need for stearin. Companies in the beauty industry are continuously developing new formulations and product lines, further supporting the market need for stearin as a key ingredient in their products.
One of the key restraints for the stearin market is the environmental concerns and regulations associated with palm oil production. Stearin is predominantly derived from palm oil, and the palm oil industry has faced substantial scrutiny due to its environmental impact. The expansion of palm oil plantations often leads to deforestation, loss of biodiversity, and greenhouse gas emissions. These environmental issues have sparked widespread criticism and led to increased regulatory measures aimed at mitigating the ecological footprint of palm oil production. Governments and environmental organizations are implementing stricter regulations and certification requirements to ensure sustainable palm oil sourcing. For instance, the Roundtable on Sustainable Palm Oil (RSPO) certification aims to promote sustainable practices within the industry. While these certifications are beneficial for the environment, they also impose additional costs and compliance requirements on producers, which can affect the availability and price of stearin.
The COVID-19 pandemic had a mixed impact on the stearin market, which caused both disruptions and opportunities. During the initial phases of the pandemic, supply chain interruptions and lockdown measures led to delays in production and distribution, which affected the availability of stearin. However, as the world adapted to new norms, there was a surge in demand for processed and packaged foods, which partially offset the initial disruptions. Additionally, the increased focus on hygiene and personal care during the pandemic boosted the demand for stearin in cosmetics and sanitizing products.
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The competitive landscape of the stearin market features several key players and is characterized by a focus on innovation, sustainability, and regional expansion. Major companies in the market are engaged in strategies to enhance their product offerings and strengthen their global market position. They are heavily investing in R&D projects to create high-quality, sustainable stearin products that meet evolving consumer preferences and regulatory requirements. Leading players are also expanding their market presence through strategic partnerships, acquisitions, and entry into emerging markets with growing demand for stearin.
January 2024: Johor Plantations Group Berhad (JPG) has announced a joint venture with Fuji Oil Asia Pte. Ltd., a subsidiary of the Fuji Oil Group, a prominent Japanese food ingredient manufacturer, to build a specialty oils and fats refinery powered by renewable energy. The agreement was formalized with a signing ceremony in Osaka, Japan, marking a key milestone in Malaysian palm oil production. This alliance aims to use sustainable palm oil farming and modern processing technology to improve competitiveness and product quality. (Source: https://johorplantations.com/2024/01/26/johor-plantations-group-berhad-and-fuji-oil-establish-palm-oil-specialty-refinery-through-shareholders-agreement-2/) June 2021: Cargill has established a new $200 million palm oil refinery in Lampung, Indonesia. This will help the company develop a sustainable palm supply chain and provide consumers with verified deforestation-free goods. The new refinery will play an important role in connecting Indonesia's sustainable crude palm oil production to North American and European demand via a fully integrated supply chain from plantation to customer. (Source: https://www.cargill.com/2021/cargill-plans-to-build-new-palm-oil-refinery-in-lampung)
Top Companies Market Share in Stearin Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the stearin market in 2024, accounting for around 40% of the global revenues. North America has a well-established food processing sector where stearin is widely used as a solidifying and stabilizing agent in products like margarine, confectionery, and baked goods. The high demand for processed foods in the region drives significant consumption of stearin. The advanced cosmetics and personal care industry heavily relies on stearin for its emulsifying and thickening properties in a wide range of products, including creams, lotions, and cosmetics. This contributes to a substantial share of the regional market.
Asia Pacific stands out as the fastest-growing region in the stearin market due to a combination of rapidly expanding sectors and economic factors. The rapidly expanding food processing industry, driven by urbanization and increased regional consumer demand for processed foods, significantly boosts the use of stearin as a solidifying agent. Moreover, the burgeoning cosmetics and personal care sector in countries like China, India, and South Korea, where stearin is employed in various products such as creams and lotions, contributes to market growth. Rapid economic growth, higher disposable incomes, and a shift towards sustainable and plant-based ingredients further support the market’s expansion.
The current report Scope analyzes Stearin Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global stearin market size was estimated at USD 105.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 42.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.6% from 2024 to 2031.
According to Cognitive Market Research, the global stearin market size was estimated at USD 105.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 31.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.9% from 2024 to 2031.
According to Cognitive Market Research, the global stearin market size was estimated at USD 105.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 24.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.4% from 2024 to 2031.
According to Cognitive Market Research, the global stearin market size was estimated at USD 105.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 5.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.8% from 2024 to 2031.
According to Cognitive Market Research, the global stearin market size was estimated at USD 105.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 2.1 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.1% from 2024 to 2031.
Global Stearin Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Stearin Industry growth. Stearin market has been segmented with the help of its Type, End User , and others. Stearin market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, palm stearin is the dominant category in the global stearin market share. This prominence is attributed to its widespread use across various sectors, including food processing, confectionery, and industrial applications. Palm stearin is mainly valued for its high stability, which makes it ideal for use in products that require a consistent texture and shelf stability. In addition, its desirable melting point and solidification properties contribute to its preference over other types of stearins. Thus, palm stearin continues to lead the market primarily due to its versatility and functionality in a range of applications.
Tallow stearin emerges as the fastest-growing category in the stearin industry due to its increasing adoption in various industrial applications and the rising demand for animal-based fats in specialty products. Its growth is driven by its desirable properties, such as high melting points and stability, which make it suitable for use in high-performance lubricants, soaps, and candles. Moreover, the expanding use of tallow stearin in the cosmetics and personal care sectors, where natural and traditional ingredients are valued, is further accelerating its market growth.
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According to Cognitive Market Research, the pharmaceuticals sector remains the leading category in the global stearin market revenue, largely due to the essential role of stearin in drug formulations and manufacturing processes. Stearin is commonly used in the production of tablets and capsules as a binder and lubricant, contributing to the stability and effectiveness of pharmaceutical products. Its compatibility with various pharmaceutical compounds and its ability to enhance the performance of medications solidify its position as a key ingredient in the pharmaceutical industry. The ongoing advancements in drug development procedures and the growing demand for high-quality pharmaceutical products ensure the continued prominence of stearin across this sector.
The food & beverage sector is the most rapidly expanding segment in the stearin market size, owing to rising demand for stearin in many kinds of food processing applications. Stearin is often used in the production of margarine, candy, and baked goods as it improves texture, stability, and shelf life. The increased customer preference for processed and convenience foods, combined with the requirement for improved product uniformity and quality, is supporting the expansion of stearin in this industry. Furthermore, advances in food technology and the expansion of the food manufacturing sector are contributing to the rapid market adoption of stearin in food and beverage goods.
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Conclusion
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Type | Palm Stearin, Tallow Stearin, Others |
End User | Cosmetics & Personal Care, Food & Beverage, Plastics & Rubber, Pharmaceuticals, Others |
List of Competitors | Cargill, Incorporated (U.S.), Wilmar International Limited (Singapore), IOI Corporation Berhad (Malaysia), Bunge Limited (U.S.), ADM (Archer Daniels Midland Company) (U.S.), Kuala Lumpur Kepong Berhad (KLK) (Malaysia), Sime Darby Plantation Berhad (Malaysia), Golden Agri-Resources Ltd. (Singapore), Musim Mas Holdings (Singapore), Ruchi Soya Industries Limited (India), Tropical Oils (Malaysia), Olam Group (Singapore), Vance Bioenergy (U.S.) |
This chapter will help you gain GLOBAL Market Analysis of Stearin. Further deep in this chapter, you will be able to review Global Stearin Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Stearin. Further deep in this chapter, you will be able to review North America Stearin Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Stearin. Further deep in this chapter, you will be able to review Europe Stearin Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Stearin. Further deep in this chapter, you will be able to review Asia Pacific Stearin Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Stearin. Further deep in this chapter, you will be able to review South America Stearin Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Stearin. Further deep in this chapter, you will be able to review Middle East and Africa Stearin Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Stearin. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by End User Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Stearin market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Palm Stearin have a significant impact on Stearin market? |
What are the key factors affecting the Palm Stearin and Tallow Stearin of Stearin Market? |
What is the CAGR/Growth Rate of Cosmetics & Personal Care during the forecast period? |
By type, which segment accounted for largest share of the global Stearin Market? |
Which region is expected to dominate the global Stearin Market within the forecast period? |
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