{"product_id":"activated-bleaching-earth-market-size-share-analysis-growth-trends-forecasts-2023-2028","title":"Activated Bleaching Earth Market Size \u0026 Share Analysis - Growth Trends \u0026 Forecasts (2023 - 2028)","description":"\u003cp\u003eActivated Bleaching Earth Market Size \u0026amp; Share Analysis - Growth Trends \u0026amp; Forecasts (2023 - 2028)\u003cbr\u003e\n The global market for activated bleaching earth is projected to register a CAGR of more than 3% during the forecast period. Key Highlights    COVID-19 negatively impacted the market in 2020. However, it reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.    The expanding edible oils and fats segment is expected to drive the growth of the global activated bleaching earth market over the forecast period. On the other hand, rising demand for bleaching alternatives such as activated carbon, etc., is expected to hinder the market's growth.    Furthermore, the rising technological advancements across the globe is expected to provide growth opportunity for the market studied in the future. The Asia-Pacific region dominates the global market, with the largest consumption from countries such as China, India, and Japan.Activated Bleaching Earth Market TrendsIncreasing Demand for Edible Oil \u0026amp; Fats     The activated bleaching earth is also called wash clay. It is used to remove the colors from edible oils and fats. It is produced from clays that usually contain high proportions of montmorillonites through acid activation. The activated bleaching earth is used in fish oils and fish oil concentrates, typically Omega-3 fish oils, tallow oil, lard oil, etc. It is also used to refine vegetable oils, such as vanaspati ghee and margarine.     The per capita use of vegetable oils in food application is expected to grow in developed and developing countries in coming years, attributed to the increasing number of health-conscious consumers, rising population, and changing living standards. According to the United States Department of Agriculture (USDA), the global consumption of vegetable oil amounted to nearly 204 million metric tons in 2021-22, representing an increase of about 7% compared to 2017-18.     Further, palm oil was consumed majorly among the total vegetable oils consumption, amounting to nearly 71 million metric tons, followed by soybean oil, amounting to about 59 million metric tons in 2021-22. Thus, the rising vegetable oil consumption positively impacts the market studied. Therefore, the demand for activated bleaching earth for edible oil and fats application is expected to grow during the forecast period.Asia-Pacific Region to Dominate the Market     Asia-Pacific region is expected to account for the largest market for activated bleaching earth during the forecast period. China holds the largest share of vegetable oil consumption and production in Asia-Pacific. Though the production volume is high, consumption exceeds production, resulting in higher import volumes when compared to export volumes.     According to the National Bureau of Statistics (NBS) of China, the average amount of edible vegetable oil consumed per person in urban China in 2021 amounted to nearly 9.6 kg, representing an increase of nearly 10% compared to 2019. Thus, the rising vegetable oil consumption positively impacts the market studied.     According to the United States Department of Agriculture (USDA), in 2021, India consumed over 22 million metric tons of vegetable oils, including oil from coconuts, olives, cottonseeds, palm, peanuts, soybeans, rapeseed, and sunflowers. Hence, it supports the market growth considerably during the forecast period.     Hence, due to the above-mentioned reasons, Asia-Pacific is anticipated to dominate the market during the forecast period.Activated Bleaching Earth Industry Overview The global activated bleaching earth market is partially consolidated in nature. Some of the major players in the market include Ashapura Perfoclay Limited (APL), Oil-Dri Corporation of America, Taiko Group of Companies, W Clay Industries Sdn. Bhd, and Global Bleach Chem Pvt. Ltd, among others.Additional Benefits:     The market estimate (ME) sheet in Excel format     3 months of analyst support\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"September, 2023 \/ 144 Pages \/ MCW16210113","offer_id":47614656807218,"sku":null,"price":5700.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/activated-bleaching-earth-market-size-share-analysis-growth-trends-forecasts-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}