Palm Oil Market Size, Share & Trends Analysis Report 2022 - 2030

 Palm Oil Industry Overview

The global palm oil market size was valued at USD 63.7 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.1% in terms of revenue from 2022 to 2030. The market is driven by exponentially growing demand from the food, beverage, biofuel, energy, personal care, and cosmetics industries.

Major manufacturers are in the Asia Pacific region due to the ease of availability of raw materials in the region. The market is highly competitive as well as comprehensive in nature owing to the presence of a large number of all-scale players who try to gain a competitive edge over others with their high production, superior distribution networks, product quality, and various competitive strategies.

Indonesia is the largest palm oil producer as well as exporter of the same. The country exports the product globally. The government also supports the cultivators of palm oil plants. It is a major source of income for many small and medium-scale producers in the region. The industry is majorly responsible for the development and upliftment of the cultivators in the region.

Gather more insights about the market drivers, restrains and growth of the Global Palm Oil market

 

Similarly, the product has witnessed an increasing demand from the biofuel industry. It is used in the production of biofuel which is further used as a sustainable alternative to crude oil in many applications such as engine oil. The biofuel industry is a budding industry with limited applications for now.

Although the industry is expected to attain development as many players are involved in the research and development of the industry. As the industry will gain ground the demand for palm oiland the market is expected to increase and drive the product market.


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  • Hydroxyethyl Methyl Cellulose Market - The global hydroxyethyl methyl cellulose market size was valued at USD 47.2 million in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 9.1% from 2022 to 2030. The demand for the product is attributed to the increased application scope in the construction industry worldwide.

 

Palm Oil Market Segmentation

For this report, Grand View Research has segmented the global palm oil market report based on basis of nature, product, end-use, and region:

Palm Oil Nature Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • Organic
  • Conventional

Palm Oil Product Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • Crude Palm Oil
  • RBD Palm Oil
  • Palm Kernel Oil
  • Fractionated Palm Oil

Palm Oil End-use Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • Food & Beverage
  • Personal Care & Cosmetics
  • Biofuel & Energy
  • Pharmaceuticals
  • Others

Palm Oil Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)


Market Share Insights

  • November 2019: PT. Mahkota Group acquired a palm oil mill in South Sumatra, through its subsidiary, PT Berlian Inti Mekar. This plant produces CPO-based products such as cooking oil or olein and processing about 400 tons of palm kernel oil per day. 


Key Companies profiled:

Some prominent players in the global palm oil market include:

  • ADM
  • Wilmar International Ltd.
  • Sime Darby Plantation Berhad
  • IOI Corporation Berhad
  • Kuala Lumpur Kepong Berhad
  • United Plantations Berhad
  • Kulim (Malaysia) Berhad
  • IJM Corporation Berhad
  • PT Sampoerna Agro, Tbk
  • Univanich Palm Oil Public Company Ltd.
  • Bakrie Sumatera Plantations tbk
  • Asian Agri


Order a free sample PDF of the Palm Oil Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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