The Deodorization Systems Market is estimated to be valued at USD 3.4 billion in 2018 and is projected to reach a value of USD 4.3 billion by 2023, growing at a CAGR of 4.9% during the forecast period. Factors such as growing demand for higher nutritional value in edible oil and growing industrialization & rapid urbanization are driving the growth of this market.
The packed column segment, by technology, is estimated to account for a larger market share, in terms of value, in 2018
The packed column segment dominated the market for deodorization systems, by technology, as they offer many benefits to refiners including increased surface area and the flexibility in controlling the process flow. This segment also presents faster residence time compared to other technologies, which makes it a suitable choice for processing heat-sensitive oils such as algae oil, and fish oil that does not require to be completely deodorized.
The chemical refining segment is estimated to witness the fastest growth in the deodorization systems market, by refinery method, in 2018
The chemical refining segment of deodorization systems involves the removal of free-fatty acids with the use of a chemical substance. 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.
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).