Market Overview:
The global palm seed 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 seed oil from the food processing industry and feed industry. Additionally, rising awareness about the benefits of palm seed oil is also contributing to the growth of this market. On the basis of type, food grade accounted for majority share in 2017 and is projected to grow at a CAGR of 5.8% during forecast period. This can be attributed to its growing demand from various end-use industries such as food processing, bakery & confectionery, and others.
Product Definition:
Palm oil is an edible vegetable oil derived from the fruit of the palm tree. It is red in color due to its high carotenoid content.
Food Grade:
Food grade is the quality of oil extracted from the seeds of fruits and nuts. It has a high content of polyunsaturated fatty acids (PUFAS), which are considered to be beneficial for human health. The product also contains tocopherols, which have antioxidant properties and help in reducing the risk associated with Cardiovascular Diseases (CVDs).
Industry Grade:
Industry grade is the product that has passed through several quality checks and is used in palm seed oil production. It contains more of fatty acid esters than regular or refined grades. The industry-grade product finds application in food & beverages, personal care products, pharmaceuticals, and cosmetics among others.
Application Insights:
The food processing segment led the global palm seed oil market in 2017 and is anticipated to witness significant growth over the forecast period. Palm oil has high demand in this application as it is a sustainable source of edible fats, which have high nutritional value. It can be used as an alternative for items such as butter and margarine due to its healthier counterpart properties. Moreover, increasing awareness regarding environment-friendly products among consumers is expected to drive the product demand in this segment over the next eight years.
Feed was another prominent segment that accounted for a share of 22% in 2017 owing to increasing utilization of animal fat sources such as tallow and lard among livestock farmers globally. The aforementioned factors are projected to propel industry expansion at a CAGR of XX% from 2018to 2030 during the same period, thereby driving industry growth across regions including North America, Europe Asia Pacific Middle East & Africa countries over next eight years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Malaysia and Indonesia. Palm oil cultivation has been increasing in these countries on account of favorable climatic conditions and availability of cheap labor. Moreover, rising demand for packaged food coupled with government regulations regarding trans fat content will drive the regional market growth over the forecast period.
The European market was valued at USD X million in 2017 owing to high consumer awareness regarding health benefits associated with seed oils such as lower cholesterol levels.
Growth Factors:
- Increasing demand for palm oil in the food and beverage industry as a healthier cooking alternative to other oils.
- Rising awareness of the health benefits of palm oil, including its high levels of antioxidants and vitamin E.
- The increasing popularity of natural and organic products, which has led to increased demand for sustainable palm oil products.
- Growing demand from emerging markets such as China and India for premium quality palm oil products.
- The increasing use of palm oil in personal care products such as skin care and hair care items due to its moisturizing properties
Scope Of The Report
Report Attributes
Report Details
Report Title
Palm Seed Oil Market Research Report
By Type
Food Grade, Industry Grade, Others
By Application
Food Processing, Feed, Others
By Companies
Sinar Mas Group, PGEO Group Malaysia, Mewah Group, Asian Agri, IOI Corporation Berhad, Kuala Lumpur Kepong Berhad, Musim Mas Group, Sime Darby Plantation, PT Astra Agro Lestari Tbk, PT Bakrie Group, Triputra Agro Persada, Wilmar International, Bumitama Agri, Equatorial Palm Oil, Felda Global Ventures Holdings, Feronia Inc.
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
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Palm Seed Oil Market Report Segments:
The global Palm Seed Oil market is segmented on the basis of:
Types
Food Grade, Industry Grade, Others
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 Processing, Feed, 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:
- Sinar Mas Group
- PGEO Group Malaysia
- Mewah Group
- Asian Agri
- IOI Corporation Berhad
- Kuala Lumpur Kepong Berhad
- Musim Mas Group
- Sime Darby Plantation
- PT Astra Agro Lestari Tbk
- PT Bakrie Group
- Triputra Agro Persada
- Wilmar International
- Bumitama Agri
- Equatorial Palm Oil
- Felda Global Ventures Holdings
- Feronia Inc.
Highlights of The Palm Seed 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
- Industry Grade
- Others
- By Application:
- Food Processing
- Feed
- 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 Palm Seed 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 seed oil is a natural, cold-pressed oil made from the fruit of the palm tree. It has a high content of essential fatty acids, including linoleic acid and alpha-linolenic acid. These fatty acids are important for maintaining skin health and preventing dryness and inflammation.
Some of the key players operating in the palm seed oil market are Sinar Mas Group, PGEO Group Malaysia, Mewah Group, Asian Agri, IOI Corporation Berhad, Kuala Lumpur Kepong Berhad, Musim Mas Group, Sime Darby Plantation, PT Astra Agro Lestari Tbk, PT Bakrie Group, Triputra Agro Persada, Wilmar International, Bumitama Agri, Equatorial Palm Oil, Felda Global Ventures Holdings, Feronia Inc..
The palm seed 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 Seed 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 Seed Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Palm Seed 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 Seed 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 Seed Oil Market Size & Forecast, 2018-2028
4.5.1 Palm Seed Oil Market Size and Y-o-Y Growth
4.5.2 Palm Seed Oil Market Absolute $ Opportunity
Chapter 5 Global Palm Seed 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 Palm Seed Oil Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Industry Grade
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Palm Seed 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 Palm Seed Oil Market Size Forecast by Applications
6.2.1 Food Processing
6.2.2 Feed
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Palm Seed 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 Seed 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 Palm Seed Oil Analysis and Forecast
9.1 Introduction
9.2 North America Palm Seed 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 Palm Seed Oil Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Industry Grade
9.6.3 Others
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 Palm Seed Oil Market Size Forecast by Applications
9.10.1 Food Processing
9.10.2 Feed
9.10.3 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 Palm Seed Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Palm Seed 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 Palm Seed Oil Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Industry Grade
10.6.3 Others
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 Palm Seed Oil Market Size Forecast by Applications
10.10.1 Food Processing
10.10.2 Feed
10.10.3 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 Palm Seed Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Palm Seed 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 Palm Seed Oil Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Industry Grade
11.6.3 Others
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 Palm Seed Oil Market Size Forecast by Applications
11.10.1 Food Processing
11.10.2 Feed
11.10.3 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 Palm Seed Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Palm Seed 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 Palm Seed Oil Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Industry Grade
12.6.3 Others
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 Palm Seed Oil Market Size Forecast by Applications
12.10.1 Food Processing
12.10.2 Feed
12.10.3 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) Palm Seed Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Palm Seed 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) Palm Seed Oil Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Industry Grade
13.6.3 Others
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) Palm Seed Oil Market Size Forecast by Applications
13.10.1 Food Processing
13.10.2 Feed
13.10.3 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 Palm Seed Oil Market: Competitive Dashboard
14.2 Global Palm Seed Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sinar Mas Group
14.3.2 PGEO Group Malaysia
14.3.3 Mewah Group
14.3.4 Asian Agri
14.3.5 IOI Corporation Berhad
14.3.6 Kuala Lumpur Kepong Berhad
14.3.7 Musim Mas Group
14.3.8 Sime Darby Plantation
14.3.9 PT Astra Agro Lestari Tbk
14.3.10 PT Bakrie Group
14.3.11 Triputra Agro Persada
14.3.12 Wilmar International
14.3.13 Bumitama Agri
14.3.14 Equatorial Palm Oil
14.3.15 Felda Global Ventures Holdings
14.3.16 Feronia Inc.
