Global Palm Oil Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3995/- USD | Published Date: August 20, 2021 |

The global palm oil market size is anticipated to register a considerable CAGR of around 5% during the forecast period from 2021 to 2027. The increasing demand for the product from various industries and the increasing awareness regarding health benefits are some major factors to drive the market growth. The total oil and fat production is estimated to be 235.4 million tonnes in 2020 which is a decline of more than 2% due to the COVID-19 pandemic. Asia is accounted as a major consumer of oil and fats and holds a major market share of around 50% globally. Palm oil is accounted to hold a major market share of around 30% of global oil and fats and expected to grow over 4% annually.

The increasing demand for palm oil in the food industry is a primary factor to drive the market growth over the forecast period. Furthermore, the health benefits associated with palm oil such as improving eye vision, reducing the risk of heart disease and cancer, and immune system boosters are expected to increase the demand for palm oil around the globe. Moreover, the change in consumption habits of consumers towards nutritional food items and the rising demand for edible oils is expected to fuel the market over the forecast period.

Market Segment Insights:

The global palm oil market is bifurcated into type, product, end-use, and geography. On the basis of product, the market is further segmented into crude palm oil, RBD palm oil, palm kernel oil, and fractionated palm oil. The crude palm oil segment dominated the global market and accounted to hold the largest revenue share of over half of the global market. The palm kernel oil segment is expected to grow at a significant growth rate and estimated to hold a significant market share of around one-fourth percent of the market in 2020.

On the basis of end-use, the market is segmented into food & beverage, personal care & cosmetics, biofuel & energy, pharmaceutical, and industrial. The food and beverage segment dominated the global palm oil market in 2020 and expected to maintain its dominance over the forecast period. The increasing demand for edible cooking oil around the world is a primary factor to drive the segment growth. The biofuel and energy segment is accounted to grow at a significant growth rate and accounted to hold a considerable market share over around 16% in 2020.

Palm Oil Market Forecast

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The palm oil comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The palm oil market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Palm Oil Market Segmentation:

By Type:

  • Organic
  • Conventional

By Product:

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

By End-Use:

  • Food & Beverage
  • Personal Care & Cosmetics
  • Biofuel & Energy
  • Pharmaceutical
  • Industrial (Surfactants, Lubricants, etc.)

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Palm oil Market: Geographic Coverage

Geographically, the Asia Pacific dominated the global palm oil market in 2020 and is estimated to hold the largest revenue share of over half of the market in terms of revenue. The increasing demand for edible oil coupled with the health benefits associated with palm oil is a major factor to drive the market growth in the region. The APAC is accounted as the largest consumer as well producer of palm oil globally. The increasing demand for high nutritional value food and rising awareness regarding health is further anticipated to uplift the market over the forecast period.

Palm oil Market: Competition Assessment

Some of the prominent market players operating in the global palm oil market are Wilmar, IOI Corporation, Sime Darby, United Plantations Berhad, and Kuala Lumpur Kepong. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Wilmar
  • IOI Corporation
  • Sime Darby
  • United Plantations Berhad
  • Kuala Lumpur Kepong
  • Asiatic Development
  • Boustead
  • London Sumatra
  • Kulim Bhd
  • IJM Plantations

Key Questions Answered by Palm Oil Market Report

  • Global palm oil market forecasts from 2021-2027
  • Regional palm oil market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Palm oil submarket forecasts from 2021-2027 covering the market by type, by product, by end-use, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the palm oil market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level palm oil markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the palm oil market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Palm Oil Market Portraiture
2.2. Global Palm Oil Market, by Type, 2020 (USD Mn)
2.3. Global Palm Oil Market, by Product, 2020 (USD Mn)
2.4. Global Palm Oil Market, by End-Use, 2020 (USD Mn)
2.5. Global Palm Oil Market, by Geography, 2020 (USD Mn)

 

3. Global Palm Oil Market Analysis


3.1. Palm Oil Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

 

4. Global Palm Oil Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Organic
4.3. Conventional

 

5. Global Palm Oil Market By Product, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Crude Palm Oil
5.3. RBD Palm Oil
5.4. Palm Kernel Oil
5.5. Fractionated Palm Oil

 

6. Global Palm Oil Market By End-Use, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. Food & Beverage
6.3. Personal Care & Cosmetics
6.4. Biofuel & Energy
6.5. Pharmaceutical
6.6. Industrial (Surfactants, Lubricants, etc.)

 

7. North America Palm Oil Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. North America Palm Oil Market by Type (2018-2027 USD Mn)
7.1.3. North America Palm Oil Market by Product (2018-2027 USD Mn)
7.1.4. North America Palm Oil Market by End-Use (2018-2027 USD Mn)
7.1.5. North America Palm Oil Market by Country (2018-2027 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Palm Oil Market by Type (2018-2027 USD Mn)
7.1.5.1.2. U.S. Palm Oil Market by Product (2018-2027 USD Mn)
7.1.5.1.3. U.S. Palm Oil Market by End-Use (2018-2027 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Palm Oil Market by Type (2018-2027 USD Mn)
7.1.5.2.2. Canada Palm Oil Market by Product (2018-2027 USD Mn)
7.1.5.2.3. Canada Palm Oil Market by End-Use (2018-2027 USD Mn)

 

8. Europe Palm Oil Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Europe Palm Oil Market by Type (2018-2027 USD Mn)
8.1.3. Europe Palm Oil Market by Product (2018-2027 USD Mn)
8.1.4. Europe Palm Oil Market by End-Use (2018-2027 USD Mn)
8.1.5. Europe Palm Oil Market by Country (2018-2027 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Palm Oil Market by Type (2018-2027 USD Mn)
8.1.5.1.2. Germany Palm Oil Market by Product (2018-2027 USD Mn)
8.1.5.1.3. Germany Palm Oil Market by End-Use (2018-2027 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Palm Oil Market by Type (2018-2027 USD Mn)
8.1.5.2.2. U.K. Palm Oil Market by Product (2018-2027 USD Mn)
8.1.5.2.3. U.K. Palm Oil Market by End-Use (2018-2027 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Palm Oil Market by Type (2018-2027 USD Mn)
8.1.5.3.2. France Palm Oil Market by Product (2018-2027 USD Mn)
8.1.5.3.3. France Palm Oil Market by End-Use (2018-2027 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Palm Oil Market by Type (2018-2027 USD Mn)
8.1.5.4.2. Italy Palm Oil Market by Product (2018-2027 USD Mn)
8.1.5.4.3. Italy Palm Oil Market by End-Use (2018-2027 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Palm Oil Market by Type (2018-2027 USD Mn)
8.1.5.5.2. Rest of Europe Palm Oil Market by Product (2018-2027 USD Mn)
8.1.5.5.3. Rest of Europe Palm Oil Market by End-Use (2018-2027 USD Mn)

 

9. Asia Pacific Palm Oil Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Asia Pacific Palm Oil Market by Type (2018-2027 USD Mn)
9.1.3. Asia Pacific Palm Oil Market by Product (2018-2027 USD Mn)
9.1.4. Asia Pacific Palm Oil Market by End-Use (2018-2027 USD Mn)
9.1.5. Asia Pacific Palm Oil Market by Country (2018-2027 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Palm Oil Market by Type (2018-2027 USD Mn)
9.1.5.1.2. China Palm Oil Market by Product (2018-2027 USD Mn)
9.1.5.1.3. China Palm Oil Market by End-Use (2018-2027 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Palm Oil Market by Type (2018-2027 USD Mn)
9.1.5.2.2. Japan Palm Oil Market by Product (2018-2027 USD Mn)
9.1.5.2.3. Japan Palm Oil Market by End-Use (2018-2027 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Palm Oil Market by Type (2018-2027 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Palm Oil Market by Product (2018-2027 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Palm Oil Market by End-Use (2018-2027 USD Mn)

 

10. Latin America (LATAM) Palm Oil Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. Latin America Palm Oil Market by Type (2018-2027 USD Mn)
10.1.3. Latin America Palm Oil Market by Product (2018-2027 USD Mn)
10.1.4. Latin America Palm Oil Market by End-Use (2018-2027 USD Mn)
10.1.5. Latin America Palm Oil Market by Country (2018-2027 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Palm Oil Market by Type (2018-2027 USD Mn)
10.1.5.1.2. Brazil Palm Oil Market by Product (2018-2027 USD Mn)
10.1.5.1.3. Brazil Palm Oil Market by End-Use (2018-2027 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Palm Oil Market by Type (2018-2027 USD Mn)
10.1.5.2.2. Mexico Palm Oil Market by Product (2018-2027 USD Mn)
10.1.5.2.3. Mexico Palm Oil Market by End-Use (2018-2027 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Palm Oil Market by Type (2018-2027 USD Mn)
10.1.5.3.2. Rest of Latin America Palm Oil Market by Product (2018-2027 USD Mn)
10.1.5.3.3. Rest of Latin America Palm Oil Market by End-Use (2018-2027 USD Mn)

 

11. Middle East and Africa Palm Oil Market Analysis and Forecast, 2018 – 2027 (USD Mn)


11.1.1. Overview
11.1.2. MEA Palm Oil Market by Type (2018-2027 USD Mn)
11.1.3. MEA Palm Oil Market by Product (2018-2027 USD Mn)
11.1.4. MEA Palm Oil Market by End-Use (2018-2027 USD Mn)
11.1.5. Middle East and Africa Palm Oil Market, by Country (2018-2027 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Palm Oil Market by Type (2018-2027 USD Mn)
11.1.5.1.2. GCC Palm Oil Market by Product (2018-2027 USD Mn)
11.1.5.1.3. GCC Palm Oil Market by End-Use (2018-2027 USD Mn)
11.1.5.2. South Africa
11.1.5.2.1. South Africa Palm Oil Market by Type (2018-2027 USD Mn)
11.1.5.2.2. South Africa Palm Oil Market by Product (2018-2027 USD Mn)
11.1.5.2.3. South Africa Palm Oil Market by End-Use (2018-2027 USD Mn)
11.1.5.3. Rest of MEA
11.1.5.3.1. Rest of MEA Palm Oil Market by Type (2018-2027 USD Mn)
11.1.5.3.2. Rest of MEA Palm Oil Market by Product (2018-2027 USD Mn)
11.1.5.3.3. Rest of MEA Palm Oil Market by End-Use (2018-2027 USD Mn)

 

12. Company Profiles


12.1. Wilmar
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. IOI Corporation
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Sime Darby
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. United Plantations Berhad
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Kuala Lumpur Kepong
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Asiatic Development
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Boustead
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. London Sumatra
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Kulim Bhd
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. IJM Plantations
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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