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Global Palm Oil Industry Market Dynamics & Strategic Insights 2021-2030
Palm oil is one of the edible vegetable oil derived from palm fruit. It has a longer shelf life, the most nutritious edible oil, and a high source of vitamin A. It can be classified into palm kernel oil, crude palm oil, and others. Crude palm oil is derived from the fruit of the oil palm tree. And it is referred to as "red palm oil" due to its rich dark red color in its unprocessed natural state. However, palm kernel oil is derived from the seed or the kernel of the palm fruit.
Global Palm Oil Market іѕ ѕеgmеntеd on the bаѕіѕ оf Product (Crude palm oil, Palm kernel oil, Palm kernel cake, and Others) Application (Edible Oil, Cosmetics, Bio-diesel, Lubricants, Surfactants, and Others) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Palm Oil Market wаѕ vаluеd аt UЅD 84.2 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 3.2% frоm 2021 tо 2030.
The report on Global Palm Oil Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Palm Oil Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Palm Oil Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Palm Oil Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Palm Oil Market.
Market Dynamics:
Growing demand for palm oil due to cost-effectiveness and low trans-fat features is a key factor expected to drive the growth of the global palm oil market over the forecast period. Also, the increasing adoption of palm oil in bakery products such as margarine, biscuits, and bread, ice-cream, instant noodles, and cosmetics are factors expected to fuel the growth of the global palm oil market. Moreover, rising consumer awareness and preference for bio-based cosmetics, lubricants, and surfactants are expected to support the growth of the global palm oil market in the near future.
However, increasing environmental concerns is a major factor expected to hamper the growth of the global market during the forecast period. Also, the high cost of production due to the adoption of sustainable adoption methods is a factor expected to restrain the growth of the target market. Advancements in Technology in manufacturing units and growing foreign investment in the field of a sustainable way of production are expected to create opportunities for players operating in the global palm oil market.
Segmental Analysis:
Among the product segments, the crude palm oil segment is accounted for a major revenue share and is expected to maintain its dominance in the global market. This is attributed to Increasing consumption in oleochemicals production of agrochemicals and cleaning products is expected to boost market growth over the forecast period. Palm kernel oil is expected to register the highest CAGR in the global palm oil market, due to its 80% saturated fat content and high medium-chain fatty acids content properties.
Among the application segments, the edible oil segment is projected to dominate the global market, owing to it is considered as an alternative to other cooking oils such soybean and sunflower and also has high acceptance among food processors which is expected to fuel segment growth.
Regional Analysis:
Asia Pacific palm oil market is expected to account for a major revenue share in the global palm oil market during the forecast period. This is attributed to the increasing demand for palm oil in the food and beverage industries in the countries in the region. Europe palm oil market is expected to register significant growth in the global market, due to the high disposable income of consumers and increasing social media influence resultant increasing demand for expensive cosmetics and personal care products. Also, the increasing inclination of men towards cosmetics such as beard and hair grooming products is fueling growth of the palm oil market.
Global Palm Oil Market Segmentation:
Segmentation by Product:
• Crude palm oil
• Palm kernel oil
• Palm kernel cake
• Others
Segmentation by Application:
• Edible oil
• Cosmetics
• Bio-diesel
• Lubricants
• Surfactants
• Others
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Cargill, Incorporated
United Palm Oil Industry Public Company Limited
Wilmar International Ltd.
Golden Agri-Resources Ltd.
Alami Group
T. Musim Mas
Archer Daniels Midland Company
United Palm Oil Industry Public Company Limited
Boustead Plantations Berhad
New Britain Palm Oil Ltd.
Global Palm Oil Market іѕ ѕеgmеntеd on the bаѕіѕ оf Product (Crude palm oil, Palm kernel oil, Palm kernel cake, and Others) Application (Edible Oil, Cosmetics, Bio-diesel, Lubricants, Surfactants, and Others) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Palm Oil Market wаѕ vаluеd аt UЅD 84.2 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 3.2% frоm 2021 tо 2030.
The report on Global Palm Oil Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Palm Oil Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Palm Oil Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Palm Oil Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Palm Oil Market.
Market Dynamics:
Growing demand for palm oil due to cost-effectiveness and low trans-fat features is a key factor expected to drive the growth of the global palm oil market over the forecast period. Also, the increasing adoption of palm oil in bakery products such as margarine, biscuits, and bread, ice-cream, instant noodles, and cosmetics are factors expected to fuel the growth of the global palm oil market. Moreover, rising consumer awareness and preference for bio-based cosmetics, lubricants, and surfactants are expected to support the growth of the global palm oil market in the near future.
However, increasing environmental concerns is a major factor expected to hamper the growth of the global market during the forecast period. Also, the high cost of production due to the adoption of sustainable adoption methods is a factor expected to restrain the growth of the target market. Advancements in Technology in manufacturing units and growing foreign investment in the field of a sustainable way of production are expected to create opportunities for players operating in the global palm oil market.
Segmental Analysis:
Among the product segments, the crude palm oil segment is accounted for a major revenue share and is expected to maintain its dominance in the global market. This is attributed to Increasing consumption in oleochemicals production of agrochemicals and cleaning products is expected to boost market growth over the forecast period. Palm kernel oil is expected to register the highest CAGR in the global palm oil market, due to its 80% saturated fat content and high medium-chain fatty acids content properties.
Among the application segments, the edible oil segment is projected to dominate the global market, owing to it is considered as an alternative to other cooking oils such soybean and sunflower and also has high acceptance among food processors which is expected to fuel segment growth.
Regional Analysis:
Asia Pacific palm oil market is expected to account for a major revenue share in the global palm oil market during the forecast period. This is attributed to the increasing demand for palm oil in the food and beverage industries in the countries in the region. Europe palm oil market is expected to register significant growth in the global market, due to the high disposable income of consumers and increasing social media influence resultant increasing demand for expensive cosmetics and personal care products. Also, the increasing inclination of men towards cosmetics such as beard and hair grooming products is fueling growth of the palm oil market.
Global Palm Oil Market Segmentation:
Segmentation by Product:
• Crude palm oil
• Palm kernel oil
• Palm kernel cake
• Others
Segmentation by Application:
• Edible oil
• Cosmetics
• Bio-diesel
• Lubricants
• Surfactants
• Others
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Cargill, Incorporated
United Palm Oil Industry Public Company Limited
Wilmar International Ltd.
Golden Agri-Resources Ltd.
Alami Group
T. Musim Mas
Archer Daniels Midland Company
United Palm Oil Industry Public Company Limited
Boustead Plantations Berhad
New Britain Palm Oil Ltd.
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
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