Global Activated Bleaching Earth market research 2024, Forecast To 2033

The activated bleaching earth market size has experienced significant expansion in recent years, increasing from $2.9 billion in 2023 to$3.06 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period is attributed to the growing edible oil refining industry, increasing awareness of health benefits, industrialization in emerging markets, adherence to stringent quality standards, and globalization of food trade. The market is poised for continued robust growth, projecting an expansion to $3.78 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. This growth is expected to be fueled by the ongoing expansion of the edible oil industry, rising demand for biofuels, increasing health consciousness among consumers, evolution of stringent regulatory standards, and a focus on sustainable practices. Major trends anticipated in the forecast period include innovative cosmetic solutions, product innovations, strategic partnerships, and investments in chemicals production.