Global palm oil market is expected to reach USD 92.84 billion in 2021 and growing at a CAGR of 7.2% 2016 and 2021.
The palm oil market report covers forecast and analysis for the market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on volume (million tons) and revenue (USD billion). The report includes drivers and restraints for the palm oil market with the impact they have on the demand within the forecast period. Furthermore, the study includes the study of new opportunities offered in the palm oil market on a global level.
In order to give the users of this report a comprehensive view on the palm oil market, we have included a detailed segmentation of palm oil. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model and value chain for the palm oil market has also been included in the study. The report covers a market attractiveness analysis for palm oil segments. Product segments and application segments are benchmarked based on their market size, growth rate and general attractiveness in the market.
The palm oil report provides a profound view on the market by segmenting the market based on derivative into crude palm oil, palm kernel oil, palm kernel cake, and others. Edible oil, cosmetics, biodiesel, lubricants, surfactants and other are the application segment of the palm oil market. All the derivative and application segments have been analyzed based on current and future trends. The palm oil market is estimated from 2015 to 2021. The regional segmentation includes the present and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. This market segmentation incorporates demand for palm oil based on individual applications in all the regions.
The report also includes detailed profiles of end players such as Cargill Inc., United Palm Oil Industry Public Company Limited, Wilmar International Limited, Sime Darby, Golden Agri Resources Limited, Godrej Agrovet Limited, PT Astra Agro Lestari Tbk, IOI Corp., London Sumatra, Kulim BHD, Musim Mas Group, Alami Group and ADM.
The report segments the global palm oil market as:
Global Palm Oil Market: Derivative Segment Analysis
Global Palm Oil Market: Application Segment Analysis
Global Palm Oil Market: Regional Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Palm Oil market. Zion Research has collected and analyzed key data belong to the global Palm Oil market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Palm Oil across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Palm Oil industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Palm Oil market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Palm oil is one of the major edible vegetable oils consumed globally. Palm oil is high in saturated fats and free of trans-fats. Palm oil and its derivatives are used in the manufacture of prepackaged food, cleaning products, hair care, cosmetics, and personal care products. Palm wax is utilized in the manufacturing of candles. It is also used as feed for livestock known as palm kernel cake (PKC) which is a byproduct of palm kernel oil. It considered as a medium grade protein feed used to fatten livestock’s.
Palm oil has a longer shelf life as it does not become easily rancid. It is also high in carotenoid which is a rich source of vitamin A. Red palm oil has seventeen times more carotenoid than carrots. Indonesia and Malaysia produce approximately 85% of the world’s palm oil. Other potential producer countries include Thailand, Columbia, Nigeria, Papua New Guinea and Ecuador.
The palm oil market has grown at a rapid pace over the past few years and is witness stupendous growth during the forecast period. The market for palm oil is driven by a number of factors, such as growing demand for biofuels, rising global population, and growing economy. Furthermore, growing consumer preference for convenient packaging processes and increasing demand from pharmaceutical industry is also expected to fuel the market. However, the development of market may hamper by adverse weather conditions and price fluctuation in the forecast period.
Global palm market has been segmented on the basis of derivative, application and region. On the basis of derivative, palm oil market is classified into crude palm oil, palm kernel oil, palm kernel cake, and others. Crude palm oil segment dominated the overall market in 2015 owing to growing applications such as edible oil, surfactants, biodiesel, cosmetics and lubricants. Palm kernel cakes are mainly used in livestock feed industry. On the basis of applications, market is characterized into edible oil, cosmetics, biodiesel, lubricants, surfactants and other applications. Edible oil is the leading application segment and acquired the significant share in overall palm oil market in 2015.
Geographically, palm oil market can be segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Asia Pacific palm oil market dominated the overall market in 2015 due to high demand from food applications and other industrial uses. Asia Pacific is also expected to be the fastest growing regional segment owing to growing population, growing disposable income and increasing palm oil applications inedible and nonedible applications. Latin America and the Middle East & Africa are expected to witness brisk growth in areas such as food applications and other industrial uses. Major companies are expected to invest in these regions due to their favorable climatic conditions and available arable land. Malaysia and Indonesia palm oil industry currently lead the worldwide production circumstances.
Key players in palm oil market are Cargill Inc., United Palm Oil Industry Public Company Limited, Wilmar International Limited, Sime Darby, Golden Agri Resources Limited, Godrej Agrovet Limited, PT Astra Agro Lestari Tbk, IOI Corp., London Sumatra, Kulim Bhd, Musim Mas Group, Alami Group and ADM.