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Palm Oil - Market Analysis, Trends, and Forecasts

  • ID: 1206716
  • Report
  • March 2020
  • Region: Global
  • 508 Pages
  • Global Industry Analysts, Inc
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The Palm Oil market worldwide is projected to grow by US$16.6 Billion, driven by a compounded growth of 5.6%. Crude Palm Oil, one of the segments analyzed and sized in this study, displays the potential to grow at over 5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$29.6 Billion by the year 2025, Crude Palm Oil will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$244.7 Million to the region's size and clout in the next 5 to 6 years. Over US$440.1 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Crude Palm Oil will reach a market size of US$350.2 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.8% over the next couple of years and add approximately US$2.1 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:
  • Agropalma Group
  • Archer Daniels Midland Company
  • Asian Agri
  • Boustead Holdings Berhad
  • California Oils Corporation
  • Carotino Sdn Bhd
  • Fuji Vegetable Oil Inc.
  • Genting Plantations Berhad
  • Golden Agri-Resources Ltd.
  • Intercontinental Specialty Fats Sdn Bhd
  • IOI Group Berhad
  • PT Astra Agro Lestari Tbk
  • PT Darmex Agro
  • PT Indofood Sukses Makmur Tbk
  • PT Musim Mas
  • Nv Siat sa
  • Sime Darby Plantation Sdn Bhd
  • United Plantations Berhad
  • Wilmar International Limited
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
An Introduction to Palm Oil    
Chemical Composition & Features    
Development & Growth    
A Note on Oil Palm Cultivation    
Palm Oil: Current Market Scenario and Outlook    
While Developing Regions Constitute Primary Consumers of Palm Oil, Opportunities Remain Moderate in Developed Regions    
EXHIBIT 1: World Palm Oil Market by Region (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions    
EXHIBIT 2: Global Palm Oil Market - Geographic Regions Ranked by % CAGR (Revenues) for 2018-2025: China, Asia-Pacific, Latin America, Middle East, Africa, Japan, Canada, USA, and Europe    
EXHIBIT 3: Global Per Capita Palm Oil Consumption (Kilograms) for Major Countries: 2016 & 2020    
Global Palm Oil Production and Trade Scenario    
EXHIBIT 4: Leading Palm Oil Producing Countries Worldwide (2016-2020): Breakdown of Volume Production (in Thousand Metric Tons) for Colombia, Indonesia, Malaysia, Nigeria, Thailand, and Others    
EXHIBIT 5: Global Palm Oil Exports (in Thousand Metric Tons) by Country: 2020    
EXHIBIT 6: Global Palm Oil Imports (in Thousand Metric Tons) by Country: 2020    
EXHIBIT 7: Global Vegetable Oils Production by Type (2016-2020): Breakdown of Volume Production (Million Metric Tons) for Coconut, Cottonseed, Groundnut, Palm Kernel, Palm, Rapeseed, Soybean, and Sunflower Oils    
COMPETITIVE LANDSCAPE    
Asian Producers Dominate the Market    
Leading Palm Oil Producers Resort to Innovative Strategies to Sustain Competitive Edge    
Recent Market Activity    

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Food: Largest Application Segment for Palm Oil    
Key Applications of Edible Palm Oil    
Factors Driving Demand for Edible Palm Oil    
Surging Popularity of Convenience Foods among the Ballooning Global Population    
EXHIBIT 8: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100    
Rising Hostility for GMO Based Oils    
Growing Awareness about Nutritional Benefits of Palm Oil    
Rising Demand in Industrial Applications Elevates Market Prospects    
Bio-Diesel: The New Growth Avenue for Palm Oil    
EXHIBIT 9: Global Biodiesel Production (Million Tons): 2013, 2015, 2017 & 2019    
EXHIBIT 10: Palm Oil Consumption in Biodiesel Production (Million Tons): 2013, 2015, 2017 & 2019    
EXHIBIT 11: Global Biofuels (Fuel Ethanol and Biodiesel) Market by Product Type (2019): Percentage Breakdown of Volume Consumption for Biodiesel and Fuel Ethanol    
EXHIBIT 12: Average Biofuel Yields of First Generation Feedstock    
EXHIBIT 13: Global Renewable Energy Sector by Source (2019): Percentage Breakdown of Volume Supply for Biofuels (Liquid and Solid), Biogases, Geothermal, Hydro, Municipal Waste, Solar and Wind    
Growing Prominence of Sustainable Palm Oil to Accelerate Market Demand    
EXHIBIT 14: Annual Production Capacity for Certified Sustainable Palm Oil and Palm Kernel (in Million MT) for 2010-2017    
Leading Producers to Expand Certified Palm Oil Output    
EXHIBIT 15: Total Certified Palm Oil (CSPO) Production Area (in Million Hectares): 2015-2020    
Leading Sustainable Producers of Palm Oil    
Leading Palm Oil Traders with Zero Deforestation Commitment: Ranked in order of Number of Zero Deforestation Policies Implemented    
EXHIBIT 16: Leading Producers of Palm Oil Worldwide: Approximate Percentage Share of Production of RSPO    
UNEP Backs RSPO Stand on Conserving Forests    
Initiatives Supporting the Development of a Sustainable Palm Oil Industry    
Roundtable on Sustainable Palm Oil (RSPO)    
Sustainable Palm Oil Investor Working Group (IWG)    
Forest Footprint Disclosure Project    
The Biodiversity and Agricultural Commodities Program (BACP)    
Indonesia Sustainable Palm Oil (ISPO)    
POTICO    
High Crop Yield: A Major Factor Promoting Market Expansion    
EXHIBIT 17: 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    
AquaEco-SRORS: An Innovative Filtration System for Raw-Sludge    
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    
Key Issues & Challenges Confronting the Palm Oil Market    
Environmental Concerns Remain Major Impediment    
Various Strategies to Address Environmental Issues    
Protectionist Methods Adopted by Developed Nations    
A Note on Unwanted Consequences of Protectionist Policies    
Palm Oil vs. the Cholesterol Controversy    
Stiff Competition from Soybean & Other Vegetable Oils    
Insect Cooking Oil as an Alternative to Palm Oil    
Scarcity of Cultivable Land: A Major Challenge    
EXHIBIT 18: Global Availability of Arable Land in Hectares Per Person & as a % of Total Land Area for the Years 1990, 2000, 2018 and 2020    

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS    
UNITED STATES    
Natural, GMO-Free & Trans-fat Free Attributes Drive Wider Adoption of Palm Oil in the US    
Edible Palm Oil to Benefit from Increasing Shift of Soybean Oil to Biodiesel Applications    
US 2013 Farm Bill: Market Implications    
Market Analytics    
CANADA    
JAPAN    
Growing Interest in Sustainable Palm Oil Benefits Market Prospects    
Market Analytics    
CHINA    
Increasing Demand and Focus on Greener Palm Oil Benefit Consumption in China    
Market Analytics    
EUROPE    
Sustainability Concerns Drive Demand for Certified Palm Oil    
EPOA (European-Palm-Oil-Alliance): A Right Step towards Sustainable Palm Oil    
EU’s Palm Oil and Deforestation of the Rain Forests Resolution of 2017    
EU Resolve Makes Palm Oil Producers Turn to Emerging Markets    
Imported Deforestation Concerns Reduce Use of Palm Oil in Bio-Diesel    
Market Analytics    
FRANCE    
GERMANY    
Palm Oil Usage in Bio-Energy Generation Sustain Market Growth    
Impacts of Substituting Palm Oil with Other Plant-based Oils    
Market Analytics    
ITALY    
UNITED KINGDOM    
SPAIN    
RUSSIA    
REST OF EUROPE    
ASIA-PACIFIC    
Asia-Pacific: Burgeoning Demand Drives Strong Growth in the World’s Largest Market    
Rising Investments in Palm Oil-based Biodiesel Production Further Accelerates Market Expansion    
EXHIBIT 19: RSPO Certification Status of Select Leading Palm Oil Producers in Asia    
Market Analytics    
INDIA    
Palm Oil as an Essential Edible Oil Makes India a Major Consumer and Largest Importer    
Efforts to Boost Domestic Production Augurs Well    
India Holds Immense Potential to Augment Sustainability Efforts in Global Palm Oil Sourcing    
Competitive Landscape    
Godrej Agrovet Dominates the Market    
EXHIBIT 20: Leading Indian Palm Oil Market: 2020    
Key Challenges Faced by Indian Palm Oil Companies    
Market Analytics    
INDONESIA    
Indonesia: Largest Producer and Leading Exporter of Palm Oil
Palm Oil Production Holds Huge Significance in Indonesia    
EXHIBIT 21: Indonesian Palm Oil Production (in Million Metric Tons): 2016-2020    
EXHIBIT 22: Indonesian Palm Oil Planted Area (Million Hectares): 2013-2016    
Despite Market Constraints, Promising Outlook for Palm Oil in Indonesia    
Ownership of Palm Oil Plantations    
Indonesia Steps Up Efforts to Address Environmental Concerns    
New Permanent Forest Moratorium on the Cards    
Initiatives Supporting Sustainability of Oil Palm Plantations    
Market Analytics    
MALAYSIA    
Suitable Tropical Climate and Evenly Distributed Rainfall Drive Palm Oil Production in Malaysia
Growth of Malaysia’s Palm Oil Sector over the Years    
EXHIBIT 23: Malaysian Palm Oil Production (in Million Metric Tons): 2016-2020    
EXHIBIT 24: Malaysian Palm Oil Planted Area (in Million Hectares): 2010-2016    
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    
Despite Indonesia’s Dominance, Malaysia Retains Competitiveness in Palm Oil Production    
Market Analytics    
PAKISTAN    
REST OF ASIA-PACIFIC
The Philippines: Market Overview    
Market Analytics    
LATIN AMERICA    
BRAZIL    
COLOMBIA    
MEXICO    
REST OF LATIN AMERICA    
MIDDLE EAST    
IRAN    
ISRAEL    
SAUDI ARABIA    
UNITED ARAB EMIRATES    
REST OF MIDDLE EAST    
AFRICA    
Sustained Demand for Palm Oil in Africa    
Palm Oil in Africa: Historical Perspective    
Market Analytics    

IV. COMPETITION
Total Companies Profiled : 81 (including Divisions/Subsidiaries - 88)

Note: Product cover images may vary from those shown
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