Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Palm and Palm Kernel Oil Market by Type (Raw, Refined), By Application (Confectionery, Food & Beverage, Cosmetics, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Palm and Palm Kernel Oil Market by Type (Raw, Refined), By Application (Confectionery, Food & Beverage, Cosmetics, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 145186 3300 Chemical & Material 377 240 Pages 4.8 (44)

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.

Global Palm and Palm Kernel Oil Industry Outlook

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 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 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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. AAK
  2. Bunge Loders Croklaan
  3. Wilmar International
  4. Fuji Oil
  5. Olam International
  6. Cargill
  7. Mewah Group
  8. 3F Industries Ltd
  9. Nisshin Oillio Group
  10. Manorama Group
  11. Felda Iffco
  12. Musim Mas
  13. Intercontinental Specialty Fats (ISF)
  14. The Pure Company
  15. The Savannah Fruits Company
  17. Akoma Cooperative
  18. International Oils & Fats Limited

Global Palm and Palm Kernel Oil Market Overview

Highlights of The Palm and Palm Kernel Oil Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Raw
    2. Refined
  1. By Application:

    1. Confectionery
    2. Food & Beverage
    3. Cosmetics
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

How you may use our products:

  • Correctly Positioning New Products
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Global Palm and Palm Kernel Oil Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. Bunge Loders Croklaan Overview Financials Developments Strategic Outlook
      14.4.3. Wilmar International Overview Financials Developments Strategic Outlook
      14.4.4. Fuji Oil Overview Financials Developments Strategic Outlook
      14.4.5. Olam International Overview Financials Developments Strategic Outlook
      14.4.6. Cargill Overview Financials Developments Strategic Outlook
      14.4.7. Mewah Group Overview Financials Developments Strategic Outlook
      14.4.8. 3F Industries Ltd Overview Financials Developments Strategic Outlook
      14.4.9. Nisshin Oillio Group Overview Financials Developments Strategic Outlook
      14.4.10. Manorama Group Overview Financials Developments Strategic Outlook
      14.4.11. Felda Iffco Overview Financials Developments Strategic Outlook
      14.4.12. Musim Mas Overview Financials Developments Strategic Outlook
      14.4.13. Intercontinental Specialty Fats (ISF) Overview Financials Developments Strategic Outlook
      14.4.14. The Pure Company Overview Financials Developments Strategic Outlook
      14.4.15. The Savannah Fruits Company Overview Financials Developments Strategic Outlook
      14.4.16. VINK CHEMICALS GMBH & CO. KG Overview Financials Developments Strategic Outlook
      14.4.17. Akoma Cooperative Overview Financials Developments Strategic Outlook
      14.4.18. International Oils & Fats Limited Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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