Palm Oil Market Outlook: Analysis Size, Share, Top Players, Application, and Opportunities Forecast to 2030

0
174

Palm Oil Market Overview:

The Palm Oil Market will reach a strong valuation of USD 98.84 billion by 2030, at a 5.20% CAGR from 2022 to 2030.

The palm oil demand from industrial verticals such as the food, beverage, personal care, biofuel, energy, and cosmetics industries is chiefly driving the Palm Oil Market Insights. The top manufacturers of the Asia Pacific region are easily getting access to raw materials in the region. Moreover, the market in the present forecast is noticed as highly competitive and comprehensive due to the huge number of prominent players who are in the race to gain a competitive edge with a high production rate, high product quality, superior distribution networks, and competitive strategies.

Indonesia is considered the largest palm oil producer and exporter. The government here supports palm oil plant cultivation. The palm oil industry has become a source of income for small and medium-scale producers. Therefore, it is responsible upliftment of the cultivators in the region. Palm oil has witnessed major demand from the biofuel industry for producing biofuel as a sustainable alternative to crude oil. The biofuel industry highly promotes the market’s growth.

Market Segments:

The Palm Oil Market is segmented into major market segments such as type and application.

The type segment is categorized into palm kernel oil, crude palm oil, and others. Among these, crude palm oil takes the lead due to less saturated fat. Palm oil has tocotrienols which is a rich source of vitamin E and antioxidant. Palm kernel oil is also noticing significant market growth due to its usage as feedstock for animal feed and biomass.

The application segment of the Palm Oil Market is subdivided into cooking oil, lubricant, biodiesel, cosmetics, and others. The cooking oil segment and the cosmetic segment is witnessing significant growth in the forecast period.

Top Key Players: The global Key Palm Oil Market Players are:

·         Cargill Inc. (U.S)

·         Wilmar International Limited (Singapore)

·         Sime Darby (Malaysia)

·         IOI Corp. (Malaysia)

·         Golden Agri Resources Limited (Singapore)

·         Kulim BHD (Malaysia)

·         Godrej Agrovet Limited (India)

·         London Sumatra (Indonesia)

Regional Analysis:

Based on the regional growth, the Palm Oil Market Outlook is showing massive across Europe, North America, Asia-Pacific, Latin America, and other regions.

Among the above geographical region, the Asia Pacific is noticed as the supreme leader, which is projected to show substantial growth in the forecast. The region is accelerating due to the higher consumption rate of palm oil in industrial sectors. Indonesia and Malaysia, the major exporters of palm fruit, are driving the global market.

North America and the European region will show decent growth in the forecast period due to the higher penetration rate of biodiesel. These regions are also noticing extensive demand for organic palm oil in different end-use segments. As observed in the ongoing forecast, Latin America and, the Middle East & Africa are the rapid-growing regions.

Industry News:

In September 2022, 3F Oil Palm, a leading Hyderabad-based oil palm company, announced its investment in the northeast of the country by setting up an integrated oil palm factory in Arunachal Pradesh. The groundbreaking ceremony of the company is to take place on 30th September 2022 at Roing in Dibang Valley. The company has covered 120 acres of land for the project. Necessary statutory clearances and approvals related to the land were obtained.

Related Reports:

Legumes Market Research Report: Information By Source (Lentils, Beans, Peas, and Others), By Category (Conventional and Organic) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Pflanzlicher Lebensmittelmarkt: Informationen nach Typ (pflanzliche Milch und Derivate [pflanzliche Milch, pflanzlicher Käse, pflanzlicher Joghurt, pflanzliche Butter und andere], Bäckerei und Süßwaren, süße und herzhafte Snacks, pflanzliche Säfte, RTD-Tee & Kaffee, RTE- und RTC-Mahlzeiten und andere), Kategorie ( Organisch und konventionell), Vertriebskanal (Filialbasiert [Supermärkte und Verbrauchermärkte, Convenience-Stores und andere] und Non-Store-basiert) und Region (Nordamerika, Europa, Asien-Pazifik und Rest der Welt) - Prognose...

植物ベースの食肉市場調査レポート:製品タイプ別情報(豆腐&豆腐製品、ソーセージ、セイタン、テンペ、その他)、ソース(大豆、小麦、エンドウ豆、その他)、流通チャネル(店舗ベース {スーパーマーケット&ハイパーマーケット、コンビニエンスストア、その他}、非店舗ベース)-2030年までの予測

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com/

Pesquisar
Categorias
Leia Mais
Jogos
The impact of Satta King on society 2023
The Satta King game is a popular form of gambling that originated in India and has gained immense...
Por Gaurav1 Kumar 2023-07-01 08:15:53 0 4K
Networking
Hybrid Smart Parking Platform Industry, Industry Analysis & Forecast (2020-2030) MRFR Report.
Market Scenario Market Research Future (MRFR), reveals the impact of COVID-19 pandemic on the...
Por Nitikesh Lavhale 2022-09-01 06:51:30 0 20
Outro
Road Sweeper Market Growth Factors, Company Profile Analysis, Research Methodology and Forecast to 2027
A road sweeper market is the equipment required in road cleaning works. Road sweeping machines or...
Por Jim Nancy 2023-05-29 09:17:34 0 23
Outro
The Legendary Matka Maestro, Dpboss
Introduction Step into the mesmerising realm of Satta Matka, a popular game of chance that has...
Por Office Webmaster315 2023-07-04 09:29:28 0 68
Outro
Complex Fertilizers Market Size, Key Drivers, Challenges, and Prominent Regions by 2030
Market Research Future (MRFR) report on the global complex fertilizers market (2022-2030)...
Por Kriti Deshmukh 2023-03-14 12:30:19 0 22