Palm oil is a vegetable oil derived from the fruit of the oil palm tree. The scientific name for the oil palm tree is Elaeis guineensis. Two types of palm oil are produced from oil palm fruit, such as crude palm oil and palm kernel oil. Crude palm oil appears from squeezing the fleshy fruit, and palm kernel oil comes from crushing the kernel, or the stone in the center of the fruit. Palm oil is an extremely versatile oil that offers different properties and functions that makes use in a wide range of applications. It is resistant to oxidation, and therefore, it provides a longer shelf-life to the food products.
MARKET DYNAMICS
The palm oil market has witnessed significant growth owing to factors such as rising disposable income and high per capita expenditure of consumers on consumer products in developed countries. Moreover, increasing demand from the food industry is projected to propel the demand for palm oil globally. Moreover, increasing production and demand for biodiesel is projected to provide huge market opportunities for the key players in the market. However, growing concerns about the large-scale deforestation caused due to widespread plantation have resulted in the introduction of strict government regulations governing plantation. This is further projected to hamper the overall growth of the palm oil market.
MARKET SCOPE
The "Global Palm Oil Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the palm oil market with detailed market segmentation by nature, product, end use and geography. The global palm oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading palm oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global palm oil market is segmented on the basis of nature, product, and end use. On the basis of nature, the palm oil market is segmented into organic and conventional. The palm oil market on the basis of product is classified into crude palm oil, RBD palm oil, palm kernel oil, and fractionated palm oil. On the basis of end use, the global palm oil market is bifurcated into food and beverage, biofuel and energy, personal care and cosmetics, pharmaceuticals, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global palm oil market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The palm oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the palm oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the palm oil market in these regions.
MARKET PLAYERS
The reports cover key developments in the palm oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from palm oil market are anticipated to lucrative growth opportunities in the future with the rising demand for palm oil in the global market. Below mentioned is the list of few companies engaged in the palm oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the palm oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Asiatic Development
- Boustead
- IJM Plantations
- IOI Corporation
- Kuala Lumpur Kepong
- Kulim Bhd
- London Sumatra
- Sime Darby
- United Plantations Bhd
- Wilmar
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.