Market Overview:
The global palm kernel expeller market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for animal feed and biofuels across the globe. In terms of type, the conventional segment is expected to dominate the global palm kernel expeller market during the forecast period. However, in terms of CAGR, the organic segment is projected to grow at a higher rate than other segments during 2018-2030. Regionally, North America dominates the global palm kernel expeller market followed by Europe and Asia Pacific respectively in 2017.
Product Definition:
The palm kernel expeller (PKE) is a machine that extracts oil from the palm kernel. The oil extracted is used for various purposes, including cooking, frying and as an ingredient in cosmetic products.
Conventional:
Conventional oil is the result of the expeller method used for extraction of oil from a kernel or a fruit. The conventional oils are obtained from plant seeds and fruits which include sunflower, soybean, rapeseed/canola, safflower seed and cottonseed. These oils have high nutritional value as well as provide other health benefits such as reducing risk of heart disease & cholesterol along with lowering blood pressure levels in human body.
Organic:
Organic is a term used for food products that are produced by methods that do not involve the use of synthetic (artificial) ingredients. The main aim of producing organic food is to avoid exposure to any chemicals, which may have an adverse effect on human health.
The global market for organic palm kernel expeller (PKE) has been growing at a steady pace over the past few years.
Application Insights:
The animal feed segment accounted for the largest share of over 70% in 2017. Palm Kernel Expeller (PKE) is used as a source of energy and protein in animal feed formulations. The rising demand for meat and dairy products coupled with growing concerns regarding greenhouse gas emissions from livestock are expected to drive the application segment over the forecast period.
Biofuels are projected to witness significant growth at an estimated CAGR of XX% from 2018 to 2030 owing to their ability to reduce greenhouse gases significantly contributing towards global warming prevention efforts globally. Various governments worldwide have set stringent biofuel mandates under which biodiesel produced from edible plants such as soybean, rapeseed and palm oil is blended with conventional diesel fuel blending percentage range between 5-30%.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth can be attributed to rising meat consumption in China, India, Japan, and other countries. Palm kernel extraction machines are being increasingly used for producing biodiesel in Europe as well as North America on account of growing concerns regarding high carbon emissions from petroleum diesel due to the recent surge in automotive production coupled with stringent government regulations aimed at reducing Greenhouse Gas (GHG) emissions by 20% by 2020 compared to 2005 levels.
Europe was estimated at USD X million in 2017 and is anticipated to expand at a CAGR of XX% from 2018 to 2030 owing herring fisheries located off the coast of Western Norway which accounts for more than 80% of Norway’s total exports followed by Iceland (13%) and Russia (6%).
Growth Factors:
- Increasing demand for vegetable oils in the food industry as a healthier alternative to other cooking oils.
- Rising awareness of the health benefits of palm oil and its derivatives, including PKExpeller.
- Growing demand for sustainable and environmentally friendly products.
- Rapid urbanization in developing countries, which is driving increased consumption of processed foods and edible oils.
- Technological advancements that have made palm kernel expeller extraction more efficient and cost-effective
Scope Of The Report
Report Attributes
Report Details
Report Title
Palm Kernel Expeller Market Research Report
By Type
Conventional, Organic
By Application
Animal Feed, Biofuels
By Companies
ADM, Stance Global, Agrifeeds, KW Alternative Feeds, PT Sinar Jaya Argo Investama, Wilmar International, Tristar Global, Riverina, Compass Feeds, Prorich Agro Foods
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Palm Kernel Expeller Market Report Segments:
The global Palm Kernel Expeller market is segmented on the basis of:
Types
Conventional, Organic
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
Animal Feed, Biofuels
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:
- ADM
- Stance Global
- Agrifeeds
- KW Alternative Feeds
- PT Sinar Jaya Argo Investama
- Wilmar International
- Tristar Global
- Riverina
- Compass Feeds
- Prorich Agro Foods
Highlights of The Palm Kernel Expeller 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:
- Conventional
- Organic
- By Application:
- Animal Feed
- Biofuels
- 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 Palm Kernel Expeller 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
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- Identifying Appropriate Advertising Appeals
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?
Palm Kernel Expeller is a machine that removes the kernel from the palm fruit. The kernel is a hard, oily substance that contains most of the nutrients and flavor in palm fruit.
Some of the key players operating in the palm kernel expeller market are ADM, Stance Global, Agrifeeds, KW Alternative Feeds, PT Sinar Jaya Argo Investama, Wilmar International, Tristar Global, Riverina, Compass Feeds, Prorich Agro Foods.
The palm kernel expeller 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 Palm Kernel Expeller 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 Palm Kernel Expeller Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Palm Kernel Expeller 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 Palm Kernel Expeller 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 Palm Kernel Expeller Market Size & Forecast, 2020-2028
4.5.1 Palm Kernel Expeller Market Size and Y-o-Y Growth
4.5.2 Palm Kernel Expeller Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Conventional
5.2.2 Organic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Animal Feed
6.2.2 Biofuels
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Palm Kernel Expeller 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 Palm Kernel Expeller 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Conventional
9.6.2 Organic
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 Market Size Forecast by Applications
9.10.1 Animal Feed
9.10.2 Biofuels
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Conventional
10.6.2 Organic
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 Market Size Forecast by Applications
10.10.1 Animal Feed
10.10.2 Biofuels
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Conventional
11.6.2 Organic
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 Market Size Forecast by Applications
11.10.1 Animal Feed
11.10.2 Biofuels
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Conventional
12.6.2 Organic
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 Market Size Forecast by Applications
12.10.1 Animal Feed
12.10.2 Biofuels
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Conventional
13.6.2 Organic
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) Market Size Forecast by Applications
13.10.1 Animal Feed
13.10.2 Biofuels
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 Palm Kernel Expeller Market: Competitive Dashboard
14.2 Global Palm Kernel Expeller Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ADM
14.3.2 Stance Global
14.3.3 Agrifeeds
14.3.4 KW Alternative Feeds
14.3.5 PT Sinar Jaya Argo Investama
14.3.6 Wilmar International
14.3.7 Tristar Global
14.3.8 Riverina
14.3.9 Compass Feeds
14.3.10 Prorich Agro Foods
