Market Overview:
The global palm and palm kernel oil market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The demand for palm and palm kernel oil is primarily driven by its increasing application in the food & beverage, cosmetics, and confectionery industries. Additionally, the growing awareness about the benefits of using natural oils is also propelling the growth of this market. On the basis of type, raw palm oil accounted for a larger share of the global market in 2017. However, refined palm oil is expected to exhibit higher growth rates during 2018-2030 owing to its superior quality as compared to raw Palm Oil. On account of its high smoke point (the temperature at which a cooking fat or oil begins to break down), refined Palm Oil finds extensive applications in frying foods such as French fries and chicken nuggets among others. Regionally, Asia Pacific was observed as being dominant in terms of both production.
Product Definition:
The oil palm is a tropical plant that grows in Africa, Asia, and South America. The fruit of the oil palm is called a kernel. Palm kernel oil is extracted from the kernels of the oil palm fruit. It is used to make soap, detergent, cosmetics, and other products.
Raw:
Raw is the natural form of oil extracted from fruits. It has a high demand in food and cosmetic industries. The growth factor for raw oil is its usage as an ingredient in the preparation of edible oils, soaps, lubricants, pharmaceuticals and cosmetics.
The major drivers for this market are growing population coupled with increasing disposable income among consumers across the globe which will increase demand over the forecast period.
Refined:
Refined is a product that has been purified, separated, and concentrated. It is formed in the process of separating oil from solid or liquid feedstock. Refined oil can be further processed to produce biodiesel or other products such as lubricants and food additives. Palm Oil (PO) and Palm Kernel Oil (PKO) are refined oils which are used for various applications across end-use industries including personal care & cosmetics, food & beverages, pharmaceuticals among others.
Application Insights:
The market is segmented by application into confectionery, food and beverage, cosmetics, and others. The food and beverage sector accounted for the largest share in 2015 owing to the high demand from bakery products, dairy products including cheese and ice cream among other foods.
Cosmetics is expected to be one of the fastest-growing segments over the forecast period due to increasing use as an ingredient in skincare creams among women. Among male adults & children also use this product for skin care along with hair treatment preparations which are likely to propel product demand in near future. Increasing consumer awareness regarding healthy skin coupled with rising disposable income levels in emerging economies such as China India will boost palm oil market growth over next few 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. Rapidly growing food processing industry coupled with increasing consumer spending on personal care products in these countries will drive demand for palm oil-based ingredients over the forecast period.
Europe accounted for a significant share of global consumption in 2017 owing to strong demand from end-use industries such as cosmetics and food & beverage. Increasing R&D activities related to natural ingredient usage along with rising awareness regarding health benefits associated with them are anticipated to augment product utilization across this region during the same period.
North America emerged as one of the major consumers of palm oil owing to high consumer awareness about health benefits associated with it along with easy availability at low prices due towards abundant supply from U S.-based companies like Sinar Masfieldand FMC Corporation (FPO).
Growth Factors:
- Increasing demand for vegetable oils in the food industry as a healthier alternative to animal fats and hydrogenated oils.
- Rising income levels in developing countries, which is resulting in an increase in the consumption of processed foods.
- Growing awareness about the health benefits of palm oil and palm kernel oil among consumers.
- The increasing use of palm oil and palm kernel oil as ingredients in cosmetics and personal care products.
- The growing popularity of biodiesel as a renewable source of energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Palm and Palm Kernel Oil Market Research Report
By Type
Raw, Refined
By Application
Confectionery, Food & Beverage, Cosmetics, Others
By Companies
AAK, Bunge Loders Croklaan, Wilmar International, Fuji Oil, Olam International, Cargill, Mewah Group, 3F Industries Ltd, Nisshin Oillio Group, Manorama Group, Felda Iffco, Musim Mas, Intercontinental Specialty Fats (ISF), The Pure Company, The Savannah Fruits Company, VINK CHEMICALS GMBH & CO. KG, Akoma Cooperative, International Oils & Fats Limited
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Palm and Palm Kernel Oil Market Report Segments:
The global Palm and Palm Kernel Oil market is segmented on the basis of:
Types
Raw, Refined
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
Confectionery, Food & Beverage, Cosmetics, 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:
- AAK
- Bunge Loders Croklaan
- Wilmar International
- Fuji Oil
- Olam International
- Cargill
- Mewah Group
- 3F Industries Ltd
- Nisshin Oillio Group
- Manorama Group
- Felda Iffco
- Musim Mas
- Intercontinental Specialty Fats (ISF)
- The Pure Company
- The Savannah Fruits Company
- VINK CHEMICALS GMBH & CO. KG
- Akoma Cooperative
- International Oils & Fats Limited
Highlights of The Palm and 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:
- Raw
- Refined
- By Application:
- Confectionery
- Food & Beverage
- Cosmetics
- 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 and 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.
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- Correctly Positioning New Products
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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 natural oil extracted from the fruit of the palm tree. Palm kernel oil is a type of vegetable oil that is derived from the kernel or center portion of the palm fruit.
Some of the major players in the palm and palm kernel oil market are AAK, Bunge Loders Croklaan, Wilmar International, Fuji Oil, Olam International, Cargill, Mewah Group, 3F Industries Ltd, Nisshin Oillio Group, Manorama Group, Felda Iffco, Musim Mas, Intercontinental Specialty Fats (ISF), The Pure Company, The Savannah Fruits Company, VINK CHEMICALS GMBH & CO. KG, Akoma Cooperative, International Oils & Fats Limited.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Palm and Palm Kernel Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Palm and Palm Kernel Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Palm and Palm Kernel Oil Market - Supply Chain
4.5. Global Palm and Palm Kernel Oil Market Forecast
4.5.1. Palm and Palm Kernel Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Palm and Palm Kernel Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Palm and Palm Kernel Oil Market Absolute $ Opportunity
5. Global Palm and Palm Kernel Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Palm and Palm Kernel Oil Market Size and Volume Forecast by Type
5.3.1. Raw
5.3.2. Refined
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Palm and Palm Kernel Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Palm and Palm Kernel Oil Market Size and Volume Forecast by Application
6.3.1. Confectionery
6.3.2. Food & Beverage
6.3.3. Cosmetics
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Palm and Palm Kernel Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Palm and Palm Kernel Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Palm and Palm Kernel Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Palm and Palm Kernel Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Palm and Palm Kernel Oil Demand Share Forecast, 2019-2026
9. North America Palm and Palm Kernel Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Palm and Palm Kernel Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Palm and Palm Kernel Oil Market Size and Volume Forecast by Application
9.4.1. Confectionery
9.4.2. Food & Beverage
9.4.3. Cosmetics
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Palm and Palm Kernel Oil Market Size and Volume Forecast by Type
9.7.1. Raw
9.7.2. Refined
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Palm and Palm Kernel Oil Demand Share Forecast, 2019-2026
10. Latin America Palm and Palm Kernel Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Palm and Palm Kernel Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Palm and Palm Kernel Oil Market Size and Volume Forecast by Application
10.4.1. Confectionery
10.4.2. Food & Beverage
10.4.3. Cosmetics
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Palm and Palm Kernel Oil Market Size and Volume Forecast by Type
10.7.1. Raw
10.7.2. Refined
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Palm and Palm Kernel Oil Demand Share Forecast, 2019-2026
11. Europe Palm and Palm Kernel Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Palm and Palm Kernel Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Palm and Palm Kernel Oil Market Size and Volume Forecast by Application
11.4.1. Confectionery
11.4.2. Food & Beverage
11.4.3. Cosmetics
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Palm and Palm Kernel Oil Market Size and Volume Forecast by Type
11.7.1. Raw
11.7.2. Refined
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Gowth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Palm and Palm Kernel Oil Demand Share, 2019-2026
12. Asia Pacific Palm and Palm Kernel Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Palm and Palm Kernel Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Palm and Palm Kernel Oil Market Size and Volume Forecast by Application
12.4.1. Confectionery
12.4.2. Food & Beverage
12.4.3. Cosmetics
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Palm and Palm Kernel Oil Market Size and Volume Forecast by Type
12.7.1. Raw
12.7.2. Refined
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Palm and Palm Kernel Oil Demand Share, 2019-2026
13. Middle East & Africa Palm and Palm Kernel Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Palm and Palm Kernel Oil Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Palm and Palm Kernel Oil Market Size and Volume Forecast by Application
13.4.1. Confectionery
13.4.2. Food & Beverage
13.4.3. Cosmetics
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Palm and Palm Kernel Oil Market Size and Volume Forecast by Type
13.7.1. Raw
13.7.2. Refined
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Palm and Palm Kernel Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Palm and Palm Kernel Oil Market: Market Share Analysis
14.2. Palm and Palm Kernel Oil Distributors and Customers
14.3. Palm and Palm Kernel Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AAK
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bunge Loders Croklaan
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Wilmar International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fuji Oil
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Olam International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cargill
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mewah Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. 3F Industries Ltd
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nisshin Oillio Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Manorama Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Felda Iffco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Musim Mas
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Intercontinental Specialty Fats (ISF)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. The Pure Company
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. The Savannah Fruits Company
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. VINK CHEMICALS GMBH & CO. KG
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Akoma Cooperative
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. International Oils & Fats Limited
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
