The Indonesia palm oil market size is anticipated to reach USD 16.93 billion by 2030, growing at a CAGR of 4.4% from 2024 to 2030. Indonesia is one of the largest palm oil producers globally, accounting for a significant portion of the world's palm oil production. The country's tropical climate and vast land area makes it ideal for cultivating oil palm trees, which are the primary source of palm oil. The palm oil industry is crucial to Indonesia's economy, providing employment opportunities and contributing to export revenues.
In recent years, there has been a growing global demand for sustainable palm oil products driven by consumer awareness and regulatory requirements in key markets. This trend has led companies in the palm oil industry to adopt more sustainable practices and commit to deforestation-free supply chains to meet market demands.
The Indonesian government plays a significant role in regulating the palm oil industry through policies promoting sustainable practices and increasing transparency in the supply chain. For Instance, in October 2023, the Indonesian government launched its crude palm oil future exchange. The crude palm oil industry aims to establish a more independent, transparent, and competitive standard for crude palm oil prices that accurately represents the nation's leading position in the world market for palm oil.
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In recent years, there has been a growing global demand for sustainable palm oil products driven by consumer awareness and regulatory requirements in key markets. This trend has led companies in the palm oil industry to adopt more sustainable practices and commit to deforestation-free supply chains to meet market demands.
The Indonesian government plays a significant role in regulating the palm oil industry through policies promoting sustainable practices and increasing transparency in the supply chain. For Instance, in October 2023, the Indonesian government launched its crude palm oil future exchange. The crude palm oil industry aims to establish a more independent, transparent, and competitive standard for crude palm oil prices that accurately represents the nation's leading position in the world market for palm oil.
Indonesia Palm Oil Market Report Highlights
- Fractionated palm oil dominated the product segment with 39.3% share in 2023 owing to its low cost, high yield, versatility, and the rising global demand
- Crude palm oil and RBD palm oil are likely to witness a significant CAGR during the forecast period mainly due to their widespread use in the food and beverage sector
- The food & beverage segment held the largest market share, more than 70%, in 2023 owing to the use of palm in diverse food options and the growing population of Indonesia
- The biofuel & energy segment is expected to grow at the fastest CAGR rate over the forecast period due to the significant global shift favoring renewable energy sources and biofuels
- The conventional segment dominated the market, with a revenue share of around 99% in 2023 due to widespread use and affordability
- The organic segment is expected to grow at the fastest CAGR due to the increasing consumer awareness about environmental issues
- In November 2023, MP Evans acquired two Indonesian companies, PT Agro Bumi Kaltim (ABK) and PT Nusantara Agro Sentosa (NAS). This strategic move is significant for MP Evans as it expands its presence and operations in the palm oil industry in Indonesia.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Indonesia Palm Oil Market Variables, Trends & Scope
Chapter 4. Indonesia Palm Oil Market: Product Estimates & Trend Analysis
Chapter 5. Indonesia Palm Oil Market: Application Estimates & Trend Analysis
Chapter 6. Indonesia Palm Oil Market: Nature Estimates & Trend Analysis
Chapter 7. Indonesia Palm Oil Market - Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Wilmar International Ltd.
- Provident Agro
- Golden Agri - Resources
- Astra Agro Lestari
- Asian Agri
- First Resource Limited
- PT SMART Tbk
- Musim Mas
- PT Salim Ivomas Pratama Tbk
- M.P Evans Group PLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 70 |
| Published | June 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 12.58 Billion |
| Forecasted Market Value ( USD | $ 16.93 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Indonesia |
| No. of Companies Mentioned | 10 |
