Market Overview:
The global palm kernel extract (PKE) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the PKE market can be attributed to the increasing demand for biofuels and animal feed. Additionally, the growing awareness about the benefits of organic palm kernel extract is also contributing to the growth of this market. However, fluctuations in prices of raw materials may restrain the growth of this market during the forecast period. On basis on type, conventional palm kernel extract accounted for majority share in 2017 and is expected to maintain its dominance throughout forecast period owing high adoption rate across various applications such as animal feed and biofuels. Organic PKE are projected witness highest CAGR over next decade on account surging demand from end-use industries including food & beverage, nutraceuticals etc.
Product Definition:
A Palm Kernel Extract (PKE) is a natural extract derived from the palm fruit. It is used as an ingredient in various foods and cosmetics products. PKE has several beneficial properties, including antioxidant and anti-inflammatory effects. It is also a source of vitamin E and other nutrients.
Conventional:
Conventional is the first grade of palm oil that has been extracted from the fruit of a particular species of tree, called as “ Palmeria ”. It is also known as crude palm oil (CPO) or virgin coconut oil. The growth factor in this product helps to increase its viscosity and solubility which makes it an ideal cooking medium for various recipes.
It’s properties such as low cost, high availability,.
Organic:
Organic products are those that are produced without the use of harmful chemicals such as pesticides, herbicides, or chemical fertilizers. Organic foods do not contain any artificial flavors, colors or additives and have not been genetically modified. The global organic market was valued at USD 485 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024.
Application Insights:
The animal feed segment dominated the global palm kernel extract (PKE) market in 2017 and is expected to witness significant growth over the forecast period. The product has a high demand as an animal feed additive owing to its ability to promote weight gain in livestock. PKE also improves the quality of milk production and reduces occurrences of gastrointestinal disorders, diarrhea, & enteritis in animals.
Biofuels are projected to witness rapid growth over the forecast period on account of rising awareness regarding renewable sources of energy generation coupled with government support for increasing biofuel production from palm oil crops.
Regional Analysis:
Asia Pacific dominated the global palm kernel extract (PKE) market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing consumer spending on animal feed and biofuels. Asia Pacific has witnessed a growing demand for organic PKE due to rising concerns about consuming products that are harmful to health and environment, which is likely to propel industry growth over the coming years.
The European market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 until 2030 owing high consumption of bakery items coupled with an increase in biofuel production across countries such as Germany, France, Italy, U.K.
North America accounted for approximately 17% share of global revenue in 2017 owing mainly high consumption levels of confectionery goods along with baked foods such as breads.
Growth Factors:
- Increasing demand for natural ingredients in cosmetics and personal care products.
- Rising awareness about the benefits of palm kernel extract among consumers.
- Growing popularity of organic and green products.
- Proliferation of online retail channels that offer palm kernel extract-based products at competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Palm Kernel Extract (PKE) 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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Palm Kernel Extract (PKE) Market Report Segments:
The global Palm Kernel Extract (PKE) 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 Extract (PKE) 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 Extract (PKE) 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
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- Consumer Insights
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- Product & Brand Management
- Channel & Customer Management
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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?
Palm Kernel Extract (PKE) is a natural oil obtained from the kernel of the palm fruit. It has been used in traditional medicine for centuries to treat a variety of conditions, including skin problems, hair loss, and arthritis. PKE is also known to promote healthy weight loss and improve circulation.
Some of the major companies in the palm kernel extract (pke) 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 extract (pke) 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 Extract (PKE) 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 Extract (PKE) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Palm Kernel Extract (PKE) 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 Extract (PKE) 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 Extract (PKE) Market Size & Forecast, 2020-2028 4.5.1 Palm Kernel Extract (PKE) Market Size and Y-o-Y Growth 4.5.2 Palm Kernel Extract (PKE) 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 Extract (PKE) 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 Extract (PKE) 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 Extract (PKE) Market: Competitive Dashboard
14.2 Global Palm Kernel Extract (PKE) 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