Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.16 Billion | USD 11.46 Billion | 4.5% | 2024 |
The global palm kernel oil and coconut oil-based natural fatty acids market size was worth around USD 7.16 Billion in 2024 and is predicted to grow to around USD 11.46 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 4.5% between 2025 and 2034.
The report analyzes the global palm kernel oil and coconut oil-based natural fatty acids market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the p
An increase in the demand for detergents globally has prompted humungous demand for palm kernel oil and coconut oil-based natural fatty acids. Moreover, natural fatty acids derived from palm kernel oil & coconut oil are highly saturated and possess oleochemicals comprising lauric acid, myristic acid, caprylic acid, and capric acid. Furthermore, easy access to products in various countries across the globe has resulted in it is cost-effectiveness, thereby culminating in its massive demand globally. The product also helps in improving the health of individuals as well as patients and this has further enhanced its use and popularity across the globe.
Massive product use in personal care & cosmetic items to boost the global market trends
Natural fatty acids extracted from palm kernel oil and coconut oil are renewable and bio-degradable, thereby steering the expansion of the global palm kernel oil and coconut-based natural fatty acids market. Large-scale use of stearic fatty acids, polyunsaturated acids, distilled fatty acids, and stearic acids will drive the global market trends. Escalating the use of personal care & cosmetic products along with the thriving fashion sector globally will create a strong platform & lay a robust foundation for the growth of the market across the globe. Surging preference for bio-based and eco-friendly products in the personal care sector will embellish the growth of the global market. The rising use of herbal items has favorably leveraged the global market surge.
There is an increasing awareness among the people about the advantages offered by personal care items and cosmetics products produced from natural ingredients. This, in turn, will sketch a profitable roadmap for the global market. New product launches and their accreditations are likely to change the phase of the global market surge in the coming years. For instance, in March 2023, KTC Edibles Limited, a key UK-based firm manufacturing and distributing edible oils, acquired an accreditation for its product referred to as Hard Palm Kernel Oil. Reportedly, the product is officially certified as RSPO sustainable segregated.
Fluctuating raw material prices can create hurdles in the growth of the industry globally over 2025-2034
Oscillation in the raw material costs and dynamic pricing can adversely impact the expansion of the global palm kernel oil and coconut oil-based natural fatty acids industry in the upcoming years.
Beneficial product features to open new growth avenues for the global market over the forecasting years
With the product having an elongated shelf life and non-toxic effects along with its use in a slew of end-use sectors such as rubber, plastics, personal care, and detergents, the global palm kernel oil and coconut oil based natural fatty acids market is likely to witness a remarkable growth in the near future.
Supply chain disruptions & fluctuating import & export goods charges can be a big challenge for the global industry
Disruptions in supply chain activities and an increase in the import & export duties of the product will prove to be a big challenge for the global palm kernel oil and coconut oil-based natural fatty acids industry.
The global palm kernel oil and coconut oil-based natural fatty acids market is segmented based on Application, Type, Source, End Use, and region.
Based on Application, the global palm kernel oil and coconut oil-based natural fatty acids market is divided into Personal Care Products, Food and Beverages, Pharmaceuticals, Animal Feed, Industrial Applications.
On the basis of Type, the global palm kernel oil and coconut oil-based natural fatty acids market is bifurcated into Fatty Acids, Fatty Alcohols, Glycerin, Soap, Surfactants.
By Source, the global palm kernel oil and coconut oil-based natural fatty acids market is split into Palm Kernel Oil, Coconut Oil.
In terms of End Use, the global palm kernel oil and coconut oil-based natural fatty acids market is categorized into Household, Commercial, Industrial.
Report Attributes | Report Details |
---|---|
Report Name | Palm Kernel Oil and Coconut Oil-Based Natural Fatty Acids Market |
Market Size in 2024 | USD 7.16 Billion |
Market Forecast in 2034 | USD 11.46 Billion |
Growth Rate | CAGR of 4.5% |
Number of Pages | 203 |
Key Companies Covered | Emery Oleochemicals Group, KLK Oleo, Pacific Oleochemicals Sdn. Bhd., United Coconut Chemicals Inc., Wilmar International Ltd., Univar USA Inc., Musim Mas Group, Vantage Specialty Chemicals Inc., Procter & Gamble Company, Twin Rivers Technologies Inc., Oleon NV, VVF LLC, Kao Corporation, and others., and others. |
Segments Covered | By Application, By Type, By Source, By End Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is predicted to maintain its dominant position in market
Asia-Pacific, which accounted for nearly 61% of the global palm kernel oil and coconut oil-based natural fatty acids market revenue in 2022, will be a leading region over the prognosis timeframe. In addition to this, the regional market surge over the coming eight years can be ascribed to the thriving oleochemical sector in the region. Furthermore, the presence of key manufacturers in countries such as India and China will embellish the regional market trends. Apart from this, the easy availability of arable land for cultivating the product along with the presence of small and big vendors in the region will proliferate the regional market size.
European palm kernel oil and coconut oil-based natural fatty acids industry is set to record the fastest CAGR in the years ahead subject to rising demand for personal care items in countries such as France, the UK, Switzerland, and Italy. Apart from this, growing product demand in the personal care sector in these countries will contribute majorly towards the industry earnings of the continent.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the palm kernel oil and coconut oil-based natural fatty acids market on a global and regional basis.
The global palm kernel oil and coconut oil-based natural fatty acids market is dominated by players like:
By Application
By Type
By Source
By End Use
By Region
FrequentlyAsked Questions
The global palm kernel oil and coconut oil-based natural fatty acids market is expected to grow due to demand in personal care, food processing, and industrial applications, along with the trend toward natural and sustainable raw materials.
According to a study, the global palm kernel oil and coconut oil-based natural fatty acids market size was worth around USD 7.16 Billion in 2024 and is expected to reach USD 11.46 Billion by 2034.
The global palm kernel oil and coconut oil-based natural fatty acids market is expected to grow at a CAGR of 4.5% during the forecast period.
Asia-Pacific is expected to dominate the palm kernel oil and coconut oil-based natural fatty acids market over the forecast period.
Leading players in the global palm kernel oil and coconut oil-based natural fatty acids market include Emery Oleochemicals Group, KLK Oleo, Pacific Oleochemicals Sdn. Bhd., United Coconut Chemicals Inc., Wilmar International Ltd., Univar USA Inc., Musim Mas Group, Vantage Specialty Chemicals Inc., Procter & Gamble Company, Twin Rivers Technologies Inc., Oleon NV, VVF LLC, Kao Corporation, and others., among others.
The report explores crucial aspects of the palm kernel oil and coconut oil-based natural fatty acids market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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