Market Overview:
The global palm oil in baby formula market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for infant milk formula products and rising awareness about the benefits of using palm oil in baby formulas. In terms of type, crude palm oil is expected to dominate the global market during the forecast period, owing to its high nutritional value and health benefits. In terms of application, three-stage milk powder is projected to be fastest growing segment during the forecast period, owing to its high nutritional value and health benefits as compared with other types of milk powders. Regionally, Asia Pacific is anticipated to be largest contributor towards growth in global palm oil in baby formula market over next decade followed by Europe region.
Product Definition:
Palm oil is an edible vegetable oil derived from the fruit of the palm tree. It is red in color because it contains high levels of beta-carotene. Palm oil is semi-solid at room temperature, unlike other vegetable oils, which are liquid. It has a unique flavor that some people describe as being earthy or nutty.
Crude Palm Oil:
Crude palm oil (CPO) is the first and foremost step in the production of palm oil. It is a semi-solid form of vegetable oil, extracted from the kernel or meat of a particular type of plant called “Palm”. The CPO market has been growing at an exponential rate due to its increasing usage in various end-use industries such as food & beverages, cosmetics, pharmaceuticals and personal care products among others.
Palm Olein:
Palm olein is a vegetable oil that is extracted from the fruit pulp of the African palm tree. It has been used as an inexpensive cooking medium and as a lubricant for metal working machinery since it was first commercially produced in 1848. The primary reason for its use was to substitute butter which had become scarce due to crop failures caused by excessive rains in 1845-46 and 1847-48 respectively.
Application Insights:
Primary milk powder was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. It is used as an ingredient in infant formula preparations, owing to its high energy content, which helps baby grow strong and healthy. The primary milk powder market has witnessed a paradigm shift due to awareness programs conducted by concerned authorities regarding health benefits of breast-feeding.
The two-stage milk powder segment held a considerable share of the global industry revenue in 2017 and is projected to expand at a CAGR around 5% from 2018 to 2030. This product finds applications as an ingredient mainly for premature babies who cannot digest full fat powdered products but can tolerate semi-skimmed products well.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. Rising disposable income of consumers and expansion of middle-class population groups are likely to boost demand for baby food products across emerging economies, such as China, India, Thailand, Vietnam among others. Furthermore, increasing awareness regarding infant nutrition coupled with rising spending capacity of consumers will further drive industry growth over the coming years.
Europe accounted for a significant share in terms of revenue in 2017 owing to high consumer awareness regarding nutritional requirements associated with formula feeding among European mothers. North America is also expected to witness steady growth on account of rising consumer preference towards organic products along with growing health concerns related to synthetic chemicals used as emulsifiers or thickening agents in baby food formulations across U.S., Canada and Mexico countries respectively ‰tout lemonde).
Growth Factors:
- Increasing awareness of the benefits of palm oil for baby formula among parents.
- Rising demand for organic and natural baby formulas.
- Growing popularity of plant-based diets among parents and health-conscious consumers.
- Palm oil's favorable fatty acid profile compared to other oils used in baby formula production.
Scope Of The Report
Report Attributes
Report Details
Report Title
Palm Oil in Baby Formula Market Research Report
By Type
Crude Palm Oil, Palm Olein
By Application
Primary Milk Powder, Two-stage Milk Powder, Three-stage Milk Powder
By Companies
Felda Global Ventures, IOI, Sime Darby Berhad, Musim Mas, Astra Agro Lestari, Bumitama Agri, Genting, KLK, WILMAR, RGE Pte, Indofood Agri Resources, Golden Agri Resources, First Resources, Sampoerna Agro
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
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Palm Oil in Baby Formula Market Report Segments:
The global Palm Oil in Baby Formula market is segmented on the basis of:
Types
Crude Palm Oil, Palm Olein
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
Primary Milk Powder, Two-stage Milk Powder, Three-stage Milk Powder
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:
- Felda Global Ventures
- IOI
- Sime Darby Berhad
- Musim Mas
- Astra Agro Lestari
- Bumitama Agri
- Genting
- KLK
- WILMAR
- RGE Pte
- Indofood Agri Resources
- Golden Agri Resources
- First Resources
- Sampoerna Agro
Highlights of The Palm Oil in Baby Formula 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:
- Crude Palm Oil
- Palm Olein
- By Application:
- Primary Milk Powder
- Two-stage Milk Powder
- Three-stage Milk Powder
- 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 Oil in Baby Formula 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
- Understanding Competition Scenario
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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 oil is a type of vegetable oil that is used in baby formula to provide energy and help to maintain the consistency of the formula.
Some of the major companies in the palm oil in baby formula market are Felda Global Ventures, IOI, Sime Darby Berhad, Musim Mas, Astra Agro Lestari, Bumitama Agri, Genting, KLK, WILMAR, RGE Pte, Indofood Agri Resources, Golden Agri Resources, First Resources, Sampoerna Agro.
The palm oil in baby formula 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 Oil in Baby Formula 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 Oil in Baby Formula Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Palm Oil in Baby Formula 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 Oil in Baby Formula 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 Oil in Baby Formula Market Size & Forecast, 2020-2028
4.5.1 Palm Oil in Baby Formula Market Size and Y-o-Y Growth
4.5.2 Palm Oil in Baby Formula 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 Crude Palm Oil
5.2.2 Palm Olein
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 Primary Milk Powder
6.2.2 Two-stage Milk Powder
6.2.3 Three-stage Milk Powder
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Palm Oil in Baby Formula 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 Oil in Baby Formula 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 Crude Palm Oil
9.6.2 Palm Olein
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 Primary Milk Powder
9.10.2 Two-stage Milk Powder
9.10.3 Three-stage Milk Powder
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 Crude Palm Oil
10.6.2 Palm Olein
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 Primary Milk Powder
10.10.2 Two-stage Milk Powder
10.10.3 Three-stage Milk Powder
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 Crude Palm Oil
11.6.2 Palm Olein
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 Primary Milk Powder
11.10.2 Two-stage Milk Powder
11.10.3 Three-stage Milk Powder
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 Crude Palm Oil
12.6.2 Palm Olein
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 Primary Milk Powder
12.10.2 Two-stage Milk Powder
12.10.3 Three-stage Milk Powder
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 Crude Palm Oil
13.6.2 Palm Olein
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 Primary Milk Powder
13.10.2 Two-stage Milk Powder
13.10.3 Three-stage Milk Powder
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 Oil in Baby Formula Market: Competitive Dashboard
14.2 Global Palm Oil in Baby Formula Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Felda Global Ventures
14.3.2 IOI
14.3.3 Sime Darby Berhad
14.3.4 Musim Mas
14.3.5 Astra Agro Lestari
14.3.6 Bumitama Agri
14.3.7 Genting
14.3.8 KLK
14.3.9 WILMAR
14.3.10 RGE Pte
14.3.11 Indofood Agri Resources
14.3.12 Golden Agri Resources
14.3.13 First Resources
14.3.14 Sampoerna Agro
