Global Palm Oil Market By Overview
Introduction:
Palm oil is a type of edible vegetable oil produced from the mesocarp of palm fruit. Palm oil has a longer shelf life as compare to other oils it is reach in vitamin A content. It is naturally red in color, because of high content beta-carotene in to it. Palm trees produce extra oil per hectare than any other major oil seed crop, which assists to produce palm oil on a large scale with least investment. The Palm Oil Market accounted for US$ 41.8 billion in 2020 and is estimated to be US$ 75.25 billion by 2030 and is anticipated to register a CAGR of 6.1%.
Global Palm Oil Market By Dynamics
Growing demand for palm oil
Growing demand for palm oil across the globe owing to its low trans-fat is a key factor driving growth of the palm oil market. In addition, increasing adoption of palm oil in order to use in the bakery products such as margarine, biscuits, and breads, instant noodles, ice-cream, and cosmetics is major factor propelling growth of the palm oil market.
Growing awareness regarding use of surfactant etc.
Furthermore, growing awareness regarding use of surfactants, bio-based cosmetics, and lubricants is creating demand for palm oil and in turn fueling growth of the target market. Moreover, rising use of palm oil in the commercial food industry, owing to its lower cost and high oxidative stability of the refined product when used for frying purpose are expected to support growth of the palm oil market in the near future. However, high cost associated with its production is a factor expected to hamper growth of the global market in the near future. Increasing foreign investments in the field of sustainable way of production and technological advancements in the manufacturing units are expected to create potential lucrative opportunities for key players operating in the palm oil market.
Global Palm Oil Market By Segmentation
The palm oil market on the basis of product, application, and region.
On the basis of product, the palm oil market is segmented into crude palm oil, palm kernel oil, palm kernel cake, and others. On the basis of application, the global market is segmented into edible oil, cosmetics, bio-diesel, lubricants, surfactants, and others.
Regional Insights:
For detailed understanding of market dynamics, the palm oil market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. The market in Asia Pacific is expected to account for major revenue share in palm oil market, in 2019, followed by markets in other region. This is attributed to presence of well established palm oils brands in the countries in the region. Increasing demand for palm oil in food and beverages industries, and high investment, particularly in countries such as India and China are expected to support growth of the Asia Pacific market over the forecast period. Europe palm oil market accounted for second-highest market share in the global market followed by North America, in 2018.
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Product- Crude Palm Oil, Palm Kernel Oil, Palm Kernel Cake, and Others By Application- Edible Oil, Cosmetics, Bio-Diesel, Lubricants, Surfactants, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Detailed Segmentation:
Palm Oil Market, By Product:
- Crude Palm Oil
- Others
- Palm Kernel Cake
- Palm Kernel Oil
Palm Oil Market, By Application:
- Edible Oil
- Others
- Surfactants
- Lubricants
- Bio-Diesel
- Cosmetics
Palm Oil Market, By Region:
- North America
- Africa
- Africa Palm Oil Market, By Product
- Africa Palm Oil Market, By Application
- Africa Palm Oil Market, By Country
- North Africa
- Central Africa
- South Africa
- Middle East
- Middle East Palm Oil Market, By Product
- Middle East Palm Oil Market, By Application
- Middle East Palm Oil Market, By Country
- GCC
- Israel
- Rest of Middle East
- Latin America
- Latin America Palm Oil Market, By Product
- Latin America Palm Oil Market, By Application
- Latin America Palm Oil Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia-Pacific
- Asia-Pacific Palm Oil Market, By Product
- Asia-Pacific Palm Oil Market, By Application
- Asia-Pacific Palm Oil Market, By Country
- China
- India
- Australia
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Palm Oil Market, By Product
- Europe Palm Oil Market, By Application
- Europe Palm Oil Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Palm Oil Market, By Product
- North America Palm Oil Market, By Application
- North America Palm Oil Market, By Country
- U.S.
- Canada
- Africa
Global Palm Oil Market By Key Players
Some of the prominent players operating in the palm oil market include Cargill, Incorporated, United Palm Oil Industry Public Company Limited, Wilmar International Ltd., Golden Agri-Resources Ltd., ALAMI VEGETABLE OIL PRODUCTS SDN. BHD., Musim Mas Holdings Pte. Ltd, Archer Daniels Midland Company, United Palm Oil Industry Public Company Limited, Boustead Plantations Berhad, and New Britain Palm Oil Ltd. Advancements in the product as well as in the manufacturing process, product launches, and strategic partnerships are some trends witnessed in the palm oil market. In May 2013, for instance, Hindustan Unilever Limited launched its first liquid palm oil in the India.
Global Palm Oil Market By Company Profile
- Cargill, Incorporated.
- New Britain Palm Oil Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Boustead Plantations Berhad
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- United Palm Oil Industry Public Company Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Archer Daniels Midland Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Musim Mas Holdings Pte. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- ALAMI VEGETABLE OIL PRODUCTS SDN. BHD.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Golden Agri-Resources Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Wilmar International Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- United Palm Oil Industry Public Company Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- New Britain Palm Oil Ltd.
Global Palm Oil Market By Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Market Segmentation, By Product, Forecast Period up to 10 Years, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Crude Palm Oil
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Palm Kernel Oil
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Palm Kernel Cake
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, Application, Forecast Period up to 10 Years, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Edible Oil
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Cosmetics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Bio-Diesel
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Lubricants
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Surfactants
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Market, By Region, Forecast Period up to 10 Years, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Australia
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- South Africa
- Central Africa
- North Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Cargill, Incorporated.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- United Palm Oil Industry Public Company Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Wilmar International Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Golden Agri-Resources Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- ALAMI VEGETABLE OIL PRODUCTS SDN. BHD.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Musim Mas Holdings Pte. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Archer Daniels Midland Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- United Palm Oil Industry Public Company Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Boustead Plantations Berhad
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- New Britain Palm Oil Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Cargill, Incorporated.
- Analyst Views
Section
- Research Methodology
- About Us
- Contact
FAQs
The global palm oil market on the basis of product, application, and region.
Growing demand for palm oil across the globe owing to its low trans-fat is a key factor driving growth of the palm oil market.
Asia-Pacific region dominates the Palm Oil Market and is expected to continue its dominance over the forecast period.
Some of the prominent players operating in the global palm oil market include Cargill, Incorporated, United Palm Oil Industry Public Company Limited, Wilmar International Ltd., Golden Agri-Resources Ltd., ALAMI VEGETABLE OIL PRODUCTS SDN. BHD., Musim Mas Holdings Pte. Ltd, Archer Daniels Midland Company, United Palm Oil Industry Public Company Limited, Boustead Plantations Berhad, and New Britain Palm Oil Ltd.