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Palm Oil - Global Strategic Business Report

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    Report

  • 563 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1206716
The global market for Palm Oil is estimated at US$79.3 Billion in 2023 and is projected to reach US$117.9 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Crude Palm Oil segment, which is expected to reach US$63.8 Billion by 2030 with a CAGR of 4.5%. The Palm Kernel Oil segment is also set to grow at 6.2% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $3.1 Billion in 2023, and China, forecasted to grow at an impressive 5.8% CAGR to reach $13.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Palm Oil Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Palm Oil Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Palm Oil Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as AAA Oils & Fats Pte Ltd., A subsidiary of Apical Group, Archer Daniels Midland Company, AAK AB, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 124 Featured):

  • AAA Oils & Fats Pte Ltd., A subsidiary of Apical Group
  • Archer Daniels Midland Company
  • AAK AB
  • Agropalma Group
  • 3F Industries Ltd.
  • Alami Vegetable Oil Products Sdn. Bhd.
  • Alnor Oil Company
  • Anglo-Eastern Plantations PLC
  • Asian Agri
  • BLD Plantation Bhd.
  • Agroindustrial Palmasa S/A
  • ANJ
  • Andira Agro
  • AgriSmart
  • Boto Farms Limited

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Palm Oil - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • An Introduction to Palm Oil
  • Chemical Composition & Features
  • Development & Growth
  • A Note on Oil Palm Cultivation
  • Global Market Prospects & Outlook
  • Food Industry: Largest End-Use Market
  • Developing Regions Constitute Primary Palm Oil Markets
  • Competition
  • Ranking of Leading Producers of Sustainable Palm Oil
  • Leading Palm Oil Traders with Zero Deforestation Commitment: Ranked in Order of Number of Zero Deforestation Policies Implemented
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Food Industry: Most Important Application Market for Palm Oil
  • Key Applications of Edible Palm Oil
  • Growing Awareness about Saturated Fatty Acids & Omega-6 in VegeTable Oils Augurs Well Palm Oil Market
  • Fatty Acid Profiles of Major Cooking Oils - Butter, Olive, Coconut, Palm, Safflower, Corn, Soybean, and Canola
  • Market Benefits from the Rising Health Consciousness and Increasing Awareness about Nutritional Benefits of Palm Oil
  • Population Growth and Surging Popularity of Convenience Foods Bodes Well for Palm Oil Market
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Edible Palm Oil to Benefit from the Growing Aversion to GMO-based Oils
  • Rise of the Vegetarianism & Customization to Local Tastes
  • Expanding Industrial Applications Elevate Demand for Palm Oil
  • Biodiesel: The New Growth Avenue for Palm oil
  • Average Biofuel Yields of First Generation Feedstock
  • Palm Oil Emerges as a Popular Feedstock for Biodiesel Production
  • Favorable Blend Mandates Set to Enhance Palm Oil Demand in Biofuel Sector
  • Growing Prominence of Sustainable Palm oil to Accelerate Market Demand
  • RPSO-Certified Palm Oil by Source Country
  • Initiatives Supporting the Development of a Sustainable Palm oil Industry
  • RSPO’s Novel Initiatives Aim to Resolve Biodiversity & Sustainability Issues Prevalent in Palm Oil Industry
  • Leading Producers of Palm Oil Worldwide: Approximate Percentage Share of Production of RSPO
  • High Crop Yield: A Major Factor Promoting Market Expansion
  • Global Oil Yield (Tons per Hectare) for Major Oilseed Crops
  • Advanced Equipment & Approaches Come to the Fore to Boost Palm Oil Production & Processing
  • Remote Sensing Technologies to Potentially Revolutionize Oil Palm Industry
  • Using Drones for in Oil Palm Farming
  • Electrical Cutters in Place of Bulky Mechanical Equipment
  • Novel DNA-based Method for Early Identification of High Yielding Palm Trees
  • Research Highlights Need for Improving Ergonomics for Palm Harvesters
  • List of Common Ailments Associated with MSDs and Risk Factors in Terms of Tasks and Movements
  • Impact of Recent Palm Oil Price Surge on Deforestation
  • Major Issues & Challenges Confronting the Palm oil Market
  • Environmental Concerns Remain Major Impediment
  • Various Strategies to Address Environmental Issues
  • Protectionist Methods Adopted by Developed Nations
  • Scarcity of Cultivable Land: A Major Challenge
  • Stiff Competition from Soybean & Other VegeTable Oils
  • Palm Oil and Cholesterol Controversy
  • Insect Cooking Oil as an Alternative to Palm Oil
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Palm Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Palm Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Palm Oil by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Crude Palm Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Crude Palm Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Crude Palm Oil by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Palm Kernel Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Palm Kernel Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Palm Kernel Oil by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Other Products by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Food by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Biodiesel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Biodiesel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Biodiesel by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Surfactants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Surfactants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Surfactants by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Cosmetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Cosmetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Cosmetics by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 26: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 27: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 28: World Palm Oil Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Palm Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Focus on Sustainable Production to Drive Demand for Palm Oil
  • Natural, GMO-Free & Trans-fat Free Attributes Drive Wider Adoption of Palm Oil
  • Edible Palm Oil to Benefit from Increasing Shift of Soybean Oil to Biodiesel Applications
CANADA
JAPAN
  • Growing Interest in Sustainable Palm Oil Benefits Market Prospects
CHINA
  • Increasing Demand and Focus on Greener Palm Oil Benefit Consumption in China
EUROPE
  • Palm Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Sustainability Concerns Drive Demand for Certified Palm Oil
  • Imported Deforestation Concerns Reduce Use of Palm Oil in Biodiesel
FRANCE
GERMANY
  • Palm Oil Usage in Bio-Energy Generation Sustain Market Growth
  • Impacts of Substituting Palm Oil with Other Plant-based Oils
ITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Palm Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Asia-Pacific: Burgeoning Demand Drive Strong Growth in the World’s Largest Market
  • Rising Investments in Palm Oil-based Biodiesel Production Further Accelerates Market Expansion
INDIA
  • Palm Oil as an Essential Edible Oil Makes India a Major Consumer and Largest Importer
  • Pandemic Upsets Demand for Cooking Oils in India
  • Regional Preferences Influence Consumption of VegeTable Oils
  • Regional Edible Oil Consumption Pattern in India by Oil Type: Percentage Share Breakdown of Consumption for North India, South India, West India and East India
  • Efforts to Boost Domestic Production of Palm Oil Augurs Well for the Market
  • India Holds Immense Potential to Augment Sustainability Efforts in Global Palm Oil Sourcing
  • Competitive Landscape
  • Indian Palm Oil Market by Leading Players (in %) for 2021
  • Challenges Faced by Indian Palm Oil Companies
INDONESIA
  • Indonesia: Largest Producer and Leading Exporter of Palm Oil
  • Indonesian Palm Oil Production (in Thousand Metric Tons): 2017/18-2021/22
  • Ownership of Palm Oil Plantations
  • Indonesia Steps Up Efforts to Address Environmental Concerns
MALAYSIA
  • Malaysia: SuiTable Tropical Climate and Evenly Distributed Rainfall Drive Palm Oil Production
  • Malaysian Palm Oil Production (in Thousand Metric Tons): 2017/18-2021/22
  • Malaysia Continues to Remain at the Forefront of Palm Oil Innovation
  • Increasing Yield of Crop Only Option Left for Increasing Productivity amidst Shrinking Cultivable Land
  • Malaysian Palm Oil Council Strives towards More Viable and Sustainable Palm Oil
  • Malaysia Retains Competitiveness in Palm Oil Production
PAKISTAN
REST OF ASIA-PACIFIC
  • South Korea: Palm Oil Continues to Maintain Lead in Edible Oils Market
LATIN AMERICA
  • Palm Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
BRAZIL
  • COLOMBIA
MEXICOREST OF LATIN AMERICAMIDDLE EASTIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Africa: The Next Major Destination for Palm Oil Production and Consumption
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AAA Oils & Fats Pte Ltd. , A subsidiary of Apical Group
  • Archer Daniels Midland Company
  • AAK AB
  • Agropalma Group
  • 3F Industries Ltd.
  • Alami Vegetable Oil Products Sdn. Bhd.
  • Alnor Oil Company
  • Anglo-Eastern Plantations PLC
  • Asian Agri
  • BLD Plantation Bhd.
  • Agroindustrial Palmasa S/A
  • ANJ
  • Andira Agro
  • AgriSmart
  • Boto Farms Limited

Table Information