Deodorization Systems Market Worth $4.3 Billion by 2023 - Exclusive Report by MarketsandMarkets - Seite 2

The palm oil segment is estimated to dominate the market with a major share in 2018 

The increasing production and demand for palm oil are fueling the market growth for deodorization systems, which is emerging as the dominant segment. The high demand from producers due to the oil's cost advantages and reliance on its functions is aiding the growth of the deodorization systems market. The demand for palm oil is also fueled by its commercial nature and the ability to mix it with other types of oils. The oil's wide range of applications from frying to baking make it a suitable candidate for use in multiple industries, thereby benefiting users.

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The Asia Pacific is projected to witness the fastest growth during the forecast period 

The deodorization systems market in the Asia Pacific is estimated to be the largest in 2017-18. The Asia Pacific market is also expected to be the fastest-growing during the forecast period due to the rapid urbanization, growing disposable income, and advancements in technology. The market in China dominated the Asia Pacific region due to the rapidly growing industrialization and investments in R&D. The region is expected to witness continued growth due to the increasing demand for edible oil and the export of equipment to other regions. The lower cost of manufacturing and availability of technology in the region help drive prospects for deodorization system manufacturers in the Asia Pacific.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. 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)