Market Overview:
The global elaeis guineensis (palm) oil market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for palm oil from the food and cosmetics industries. In addition, the increasing use of palm oil as a biofuel is also contributing to the growth of this market. The food grade segment is expected to account for the majority share of the global elaeis guineensis (palm) oil market in 2018. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030 due to its growing demand from various end-use industries, such as bakery, confectionery, and processed foods.
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Product Definition:
Elaeis guineensis is a species of palm tree. The oil extracted from the fruit of this tree is called palm oil. Palm oil is an edible vegetable oil that is reddish in color and has a slightly nutty flavor. It is used to make margarine, soap, cosmetics, and biodiesel fuel.
Food Grade:
Food grade oil is the one which has been processed & refined to meet the food standards. It’s major application is in edible vegetable oils including palm oil, soybean oil, rapeseed/canola oil and sunflower seed. Food grade oils are also used as a spread in bakery products and for deep-frying foods such as fajitas, donuts and French fries.
Cosmetic Grade:
Cosmetic grade is the product that has passed the test of cosmetic acceptability by either American Oil Chemicals Association (AOCA) or European Centre for Disease Prevention and Control (ECDC). The test of acceptance includes tests such as biocompatibility, acute toxicity, chronic toxicity & skin irritation, dermal sensitivity, and genetic stability.
Elaeis guineensis oil contains fatty acids which are considered to be good for hair care.
Application Insights:
Elaeis guineensis (palm) oil is derived from the fruit of the Elaeis guineensis tree and has a high content of stearic, oleic and linoleic acids. The cosmetic grade of palm oil is refined from the crude palm oil to extract its component parts which include fatty acid esters, glycerides, free fatty acids (FFAs), waxes & resins as well as alcohols.
The major application areas for elaeisguineensis (palm) oil are in food processing, biofuel production and cosmetics manufacturing. Palm-based biodiesel exhibits higher energy density than other vegetable oils due to its high percentage composition by weight in rapeseed or soybean grades while exhibiting lower viscosity compared to other grades such as sunflower or safflower ones.
Regional Analysis:
North America was the second-largest regional market in 2017. The region is expected to witness moderate growth over the forecast period owing to increasing consumer awareness regarding health and hygiene, coupled with rising spending on personal care products. Europe accounted for a major share of global elaeis guineensis (palm) oil market in 2017 owing to high demand from cosmetic industry. Major countries contributing towards this include France, Spain, Italy, Germany and U.K., among others.
Asia Pacific is anticipated to be one of the fastest-growing markets at a CAGR of XX% from 2018 to 2030 due to rapid industrialization along with growing population in countries such as India and China that has led them being self-sufficient producers of palm oil by 2030 (accordingly known as ‰ponglemiran‰).
Growth Factors:
- Increasing demand for edible oils: The global population is growing at a rapid pace and with it, the demand for food. Edible oils are an important part of the human diet and their popularity is only increasing. Palm oil is one of the most popular edible oils in the world and its demand is expected to grow steadily in the coming years.
- Rising income levels: As incomes rise, people tend to consume more high-quality foods like palm oil. In developing countries, where a large portion of the population still lives below poverty line, there is a lot of potential for growth in the palm oil market as more people move up into higher income brackets.
- Urbanization: With more people moving into cities, there is an increased demand for convenience foods that can be prepared quickly and easily – like those that contain palm oil as an ingredient. This trend will help drive growth in the palm oil market in years to come.
- . Growing awareness about health benefits: More and more people are becoming aware of the health benefits associated with consuming palm oil regularly .This has led to an increase in its popularity among consumers all overthe world who are looking for healthier cooking options .This trendis likelyto continue inthe future ,helping boostgrowthin thismarket segment .
- . Technological advancements :Thepalm oildistributionand processingindustryhas undergone significant technological advancements overthe past fewyears .Theseadvances have helped improve efficiencyand
Scope Of The Report
Report Attributes
Report Details
Report Title
Elaeis Guineensis (Palm) Oil Market Research Report
By Type
Food Grade, Cosmetic Grade
By Application
Foods, Bio-Diesel, Cosmetics, Others
By Companies
BASF, FGV Holdings Berhad, IOI, CREMER OLEO, Gustav Heess, Musim Mas, All Organic Treasures, Cargill, AAK, Sime Darby Berhad, Astra Agro Lestari, Bumitama Agri
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Elaeis Guineensis (Palm) Oil Market Report Segments:
The global Elaeis Guineensis (Palm) Oil market is segmented on the basis of:
Types
Food Grade, Cosmetic Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Foods, Bio-Diesel, Cosmetics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- FGV Holdings Berhad
- IOI
- CREMER OLEO
- Gustav Heess
- Musim Mas
- All Organic Treasures
- Cargill
- AAK
- Sime Darby Berhad
- Astra Agro Lestari
- Bumitama Agri
 Oil Market Overview.svg)
Highlights of The Elaeis Guineensis (Palm) Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Cosmetic Grade
- By Application:
- Foods
- Bio-Diesel
- Cosmetics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elaeis Guineensis (Palm) Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elaeis Guineensis (Palm) Oil is a natural oil extracted from the fruit of the palm tree. It has been used for centuries in traditional medicine to treat a variety of skin conditions, including psoriasis and eczema. Elaeis Guineensis (Palm) Oil is also known to be an effective moisturizer and anti-aging agent.
Some of the major companies in the elaeis guineensis (palm) oil market are BASF, FGV Holdings Berhad, IOI, CREMER OLEO, Gustav Heess, Musim Mas, All Organic Treasures, Cargill, AAK, Sime Darby Berhad, Astra Agro Lestari, Bumitama Agri.
The elaeis guineensis (palm) oil market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elaeis Guineensis (Palm) Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Elaeis Guineensis (Palm) Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elaeis Guineensis (Palm) Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Elaeis Guineensis (Palm) Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Elaeis Guineensis (Palm) Oil Market Size & Forecast, 2018-2028
4.5.1 Elaeis Guineensis (Palm) Oil Market Size and Y-o-Y Growth
4.5.2 Elaeis Guineensis (Palm) Oil Market Absolute $ Opportunity
Chapter 5 Global Elaeis Guineensis (Palm) Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Elaeis Guineensis (Palm) Oil Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Cosmetic Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Elaeis Guineensis (Palm) Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Elaeis Guineensis (Palm) Oil Market Size Forecast by Applications
6.2.1 Foods
6.2.2 Bio-Diesel
6.2.3 Cosmetics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elaeis Guineensis (Palm) Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elaeis Guineensis (Palm) Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Elaeis Guineensis (Palm) Oil Analysis and Forecast
9.1 Introduction
9.2 North America Elaeis Guineensis (Palm) Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Elaeis Guineensis (Palm) Oil Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Cosmetic Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Elaeis Guineensis (Palm) Oil Market Size Forecast by Applications
9.10.1 Foods
9.10.2 Bio-Diesel
9.10.3 Cosmetics
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Elaeis Guineensis (Palm) Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Elaeis Guineensis (Palm) Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Elaeis Guineensis (Palm) Oil Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Cosmetic Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Elaeis Guineensis (Palm) Oil Market Size Forecast by Applications
10.10.1 Foods
10.10.2 Bio-Diesel
10.10.3 Cosmetics
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Elaeis Guineensis (Palm) Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Elaeis Guineensis (Palm) Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Elaeis Guineensis (Palm) Oil Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Cosmetic Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Elaeis Guineensis (Palm) Oil Market Size Forecast by Applications
11.10.1 Foods
11.10.2 Bio-Diesel
11.10.3 Cosmetics
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Elaeis Guineensis (Palm) Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Elaeis Guineensis (Palm) Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Elaeis Guineensis (Palm) Oil Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Cosmetic Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Elaeis Guineensis (Palm) Oil Market Size Forecast by Applications
12.10.1 Foods
12.10.2 Bio-Diesel
12.10.3 Cosmetics
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Elaeis Guineensis (Palm) Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Elaeis Guineensis (Palm) Oil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Elaeis Guineensis (Palm) Oil Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Cosmetic Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Elaeis Guineensis (Palm) Oil Market Size Forecast by Applications
13.10.1 Foods
13.10.2 Bio-Diesel
13.10.3 Cosmetics
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elaeis Guineensis (Palm) Oil Market: Competitive Dashboard
14.2 Global Elaeis Guineensis (Palm) Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 FGV Holdings Berhad
14.3.3 IOI
14.3.4 CREMER OLEO
14.3.5 Gustav Heess
14.3.6 Musim Mas
14.3.7 All Organic Treasures
14.3.8 Cargill
14.3.9 AAK
14.3.10 Sime Darby Berhad
14.3.11 Astra Agro Lestari
14.3.12 Bumitama Agri
