Market Overview:
The global palm kernel oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for edible oil, cosmetics, bio-diesel, lubricants and surfactants. In terms of volume, Asia Pacific is expected to lead the global palm kernel oil market during the forecast period. This can be attributed to high demand from countries such as China and India.
Product Definition:
Palm kernel oil is an edible vegetable oil derived from the kernel of the palm fruit. It is semi-solid at room temperature and has a high smoke point, making it suitable for deep frying. Palm kernel oil is also used in soaps, cosmetics, and other industrial products.
Edible Oil:
Edible oil is the clear, bright-yellow liquid extracted from fruits and seeds. It comprises fatty acids and other nutrients essential for human nutrition. The edible oils are used as food for humans or animals directly or indirectly through the food processing industry. Edible oils can be classified into two major groups: first, those derived from plant sources such as soybean, corn germ, sunflower; second group includes animal fats such as lard/liver oil etc.
Cosmetics:
Palm kernel oil (PKO) is a vegetable oil extracted from the pulp of the fruit called palm. It has high amount of saturated fat, which makes it suitable for use in cosmetics and pharmaceuticals industry. The cosmetic industry widely uses this product as an ingredient for manufacturing skincare products such as moisturizers, body lotions, creams and sunscreens among others due to its properties such as moisture retention and emollient nature.
Application Insights:
Food was the largest application segment in 2016 and is expected to witness a CAGR of XX% from 2017 to 2030. Palm Kernel Oil (PKO) has high consumption in food applications owing to its properties, such as high stability against oxidation, which makes it suitable for use in packaged foods; excellent frying properties; and compatibility with numerous flavors that enhance the taste of food products. Moreover, growing awareness regarding healthy eating habits among consumers is expected to boost palm oil usage in preparation of nutritious food items over the coming years.
The chemical segment accounted for a market share of 15% by volume in 2016.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for approximately 60% of global production and consumption of palm kernel oil. Increasing demand from end-use industries such as cosmetics, food, automotive, and lubricants is anticipated to drive growth over the coming years.
The increasing population coupled with rising disposable income has resulted in an increased demand for packaged food products which will further increase Palm Kernal Oil (PKO) consumption due to its high smoke point properties that makes it suitable for deep-frying foods such as French Fries & Onion Rings and Snacks Products such as Popcorn & Nuts. This scenario is likely to benefit PKO manufacturers across Asia Pacific region especially in countries like India, China, Malaysia etc.
Growth Factors:
- Increasing demand for vegetable oils in the food industry as a healthier alternative to other cooking oils.
- Rising population and income levels in developing countries, where palm kernel oil is increasingly being used in processed foods and as a cooking oil.
- Rapid growth of the biofuel industry, which is increasing demand for palm kernel oil as a feedstock for biodiesel production.
- Growing use of palm kernel oil in personal care products such as soaps, shampoos, and cosmetics due to its moisturizing properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
Palm Kernel Oil Market Research Report
By Type
Edible Oil, Cosmetics, Bio-diesel, Lubricants, Surfactants
By Application
Food, Chemical, Automative
By Companies
Cargill, United Palm oil Industry Public, Wilmar International, Sime Darby Plantation, Golden Agri Resources, Godrej Agrovet, Astra Agro Lestari, IOI Gorp, Kulim, Musim Mas, Cargill
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Palm Kernel Oil Market Report Segments:
The global Palm Kernel Oil market is segmented on the basis of:
Types
Edible Oil, Cosmetics, Bio-diesel, Lubricants, Surfactants
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
Food, Chemical, Automative
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:
- Cargill
- United Palm oil Industry Public
- Wilmar International
- Sime Darby Plantation
- Golden Agri Resources
- Godrej Agrovet
- Astra Agro Lestari
- IOI Gorp
- Kulim
- Musim Mas
- Cargill
Highlights of The Palm Kernel 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:
- Edible Oil
- Cosmetics
- Bio-diesel
- Lubricants
- Surfactants
- By Application:
- Food
- Chemical
- Automative
- 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 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
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 oil is a natural oil extracted from the kernels of the palm fruit. It has a high content of saturated fatty acids, which makes it an excellent choice for cooking and baking because it helps to create a crispy texture.
Some of the major players in the palm kernel oil market are Cargill, United Palm oil Industry Public, Wilmar International, Sime Darby Plantation, Golden Agri Resources, Godrej Agrovet, Astra Agro Lestari, IOI Gorp, Kulim, Musim Mas, Cargill.
The palm kernel 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 Palm Kernel 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 Palm Kernel Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Palm Kernel 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 Palm Kernel 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 Palm Kernel Oil Market Size & Forecast, 2020-2028
4.5.1 Palm Kernel Oil Market Size and Y-o-Y Growth
4.5.2 Palm Kernel Oil 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 Edible Oil
5.2.2 Cosmetics
5.2.3 Bio-diesel
5.2.4 Lubricants
5.2.5 Surfactants
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 Food
6.2.2 Chemical
6.2.3 Automative
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Palm Kernel 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 Palm Kernel 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 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 Edible Oil
9.6.2 Cosmetics
9.6.3 Bio-diesel
9.6.4 Lubricants
9.6.5 Surfactants
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 Food
9.10.2 Chemical
9.10.3 Automative
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 Edible Oil
10.6.2 Cosmetics
10.6.3 Bio-diesel
10.6.4 Lubricants
10.6.5 Surfactants
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 Food
10.10.2 Chemical
10.10.3 Automative
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 Edible Oil
11.6.2 Cosmetics
11.6.3 Bio-diesel
11.6.4 Lubricants
11.6.5 Surfactants
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 Food
11.10.2 Chemical
11.10.3 Automative
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 Edible Oil
12.6.2 Cosmetics
12.6.3 Bio-diesel
12.6.4 Lubricants
12.6.5 Surfactants
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 Food
12.10.2 Chemical
12.10.3 Automative
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 Edible Oil
13.6.2 Cosmetics
13.6.3 Bio-diesel
13.6.4 Lubricants
13.6.5 Surfactants
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 Food
13.10.2 Chemical
13.10.3 Automative
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 Oil Market: Competitive Dashboard
14.2 Global Palm Kernel Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cargill
14.3.2 United Palm oil Industry Public
14.3.3 Wilmar International
14.3.4 Sime Darby Plantation
14.3.5 Golden Agri Resources
14.3.6 Godrej Agrovet
14.3.7 Astra Agro Lestari
14.3.8 IOI Gorp
14.3.9 Kulim
14.3.10 Musim Mas
14.3.11 Cargill
