According to a new report, published by KBV research, The Global Bleaching Clay Market size is expected to reach $1.6 billion by 2031, rising at a market growth of 6.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 2,245.69 kilo tonnes, experiencing a growth of 19.3% (2020-2023).
The adoption of digital technologies and data analytics is revolutionizing the bleaching clay industry, offering unprecedented opportunities for real-time monitoring, predictive maintenance, and process optimization. By leveraging data-driven insights, companies can enhance operational efficiency, improve product quality, and elevate customer satisfaction, all while reducing energy consumption and environmental footprint.
The Activated Bleaching Clay segment is leading the Global Bleaching Clay Market by Product Type in 2023; thereby, achieving a market value of $1 billion by 2031. Activated bleaching clays are widely used in refining edible oils to remove impurities, colorants, and undesirable substances such as free fatty acids and pigments. With growing global consumption of edible oils and heightened consumer preferences for clean-label and high-quality food products, the demand for activated bleaching clays in the edible oil refining industry has surged. Thus, these factors will spur the demand in the segment.
The Vegetable Oil & Animal Fats segment is experiencing a CAGR of 6.2% during (2024 - 2031). The increasing global population, changing dietary habits, and rising consumer awareness of health and nutrition have led to a surge in the consumption of edible oils. According to the data provided by the Government of the United Kingdom, in England, 80% of those aged 18 and older intended to modify their lifestyle in 2021, according to a nationwide survey of over 5,000 adults. In the range of 6 million adults (aged 40 to 60), 40% plan to eat more healthfully. Hence, these factors can lead to increased demand in the segment.
Full Report: https://www.kbvresearch.com/bleaching-clay-market/
The Asia Pacific region dominated the Global Bleaching Clay Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $617.6 Million by 2031. The North America region is anticipating a CAGR of 6.2% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 6.4% during (2024 - 2031).
By Product Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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