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Latin America Palm Oil Market: By Application: Food Products, Consumer Products, Energy; Regional Analysis; Historical Market and Forecast (2016-2026); SWOT Analysis; Value Chain Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Latin America Palm Oil Market Outlook

The Latin America palm oil market attained almost 4 million metric tons in 2020. The region accounts for 6.2% of the global production.


Latin America Palm Oil Market

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Although its share is comparatively smaller than the 85% to 90% share of Indonesia and Malaysia, Latin America's projected robust growth of its palm oil production will contribute to the growth of the global market in the forecast period. The global market is expected to grow at a CAGR of almost 1.9% in the forecast period of 2021-2026.

Colombia is the fourth largest producer of palm oil in the world, just behind Indonesia, Malaysia, and Thailand and is the leading producer in the Latin America region. The market in Colombia accounts for 6% of the country’s total GDP.  Its production in the country suffered in 2016 due to the climatic conditions caused by the El Nino phenomenon. However, the production recovered in 2017, witnessing a 42% increase from 2016. In 2017, 1.6 million metric tons of crude palm oil was produced in the country. A significant proportion of the palm oil produced in the country is exported. More than half the exports by Colombia is bound towards Europe, especially to countries like Spain and Germany In 2017, palm oil-related exports reportedly generated USD 414 million in export revenues.

Ecuador is also a significant producer in the Latin America market, falling just behind Colombia, Guatemala, and Honduras. The average annual output of CPO (Crude Palm Oil) in Ecuador is 0.7 million metric tons, which is grown in around 2,80,000 hectares of land. It is the largest exporter of CPO in South America, exporting 60% of its production of CPO.

Properties and Application

Palm oil is a superior quality oil which originated in West Africa and is derived from the oil palm tree. It is primarily grown in tropical countries. It is chiefly used for cooking in emerging economies. Over the years it has found diverse applications in both food and non-food sectors. It is finding increasing use in the home and personal care sector as a component of lipsticks, soaps, detergents, skin-care products, and other cosmetic products. Biofuel is another significant emerging application sector for palm oil.


Latin America Palm Oil Market By Application

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The application sectors for palm oil can be broadly divided into:

  • Foods
  • Consumer Products
  • Energy

The EMR report looks into the production and consumption of palm oil in Latin America countries like Colombia, Ecuador, Brazil, Mexico, and Guatemala, among others.


Latin America Palm Oil Market By Region

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Market Analysis

While oil palm and rapeseed are both major oil crops with significant productivity levels, oil palm is five times more productive in its oil yield than rapeseed. Globally, palm oil finds widespread application in food products such as cooking oil, shortenings, and margarine as well as a feedstock for biodiesel. Nearly 70% of the global palm oil production is used in food applications, with personal care applications accounting for 25% and biodiesel accounting for 5%. Palm oil’s application as a biodiesel feedstock is expected to witness a significant growth in the coming decade with the rising demand for alternative energy sources.

Globally, the market is expected to be aided by the rising population and growing income levels. In food applications, palm oil is commonly found in cooking and fry oils, vegetable ghee, and non-dairy creamers. With increasing health consciousness among the people, its use for food applications is expected to see growth.

In Latin America, the expansion of palm oil crops supported by various government schemes is driving the Latin America market, especially in countries like Ecuador, Colombia, Honduras, and Peru.  Government subsidies programs encouraging the substitution of illicit crops like cocaine and poppy is providing a further impetus for the increase in the palm oil crops. The projected increase in food consumption in the region will also aid the market growth. Green policies by governments in the Latin America region promoting the use of biodiesel will further propel the market forward. In Colombia, palm oil forms an essential component in the country’s biodiesel industry which is required by law to account for 10% of the total automobile fuel sold in the country. Industrial infrastructure for the processing of palm oil is being consolidated in the region to increase production for exports and domestic demands.


Competitive Landscape

The report analyses the following key players in the Latin America palm oil market looking into their market share, capacity, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:

  • Wilmar International Ltd.
  • Cargill, Incorporated
  • Bunge Limited
  • Archer Daniels Midland Company
  • Reforestadora de Palmas del Petén SA (REPSA)
  • Others

The EMR report gives an in-depth analysis of the market by providing a SWOT as well as Porter’s five forces analysis.


Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Food Products, Consumer Products, Energy
Breakup by Region Colombia, Ecuador, Brazil, Mexico, Guatemala, Others
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Wilmar International Ltd., Cargill, Incorporated, Bunge Limited, Archer Daniels Midland Company, Reforestadora de Palmas del Petén SA (REPSA), Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.


*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Research Methodology
3    Executive Summary

    3.1    Market Overview
    3.2    Key Players
    3.3    Supply Market Changes
    3.4    Key Demand Drives
    3.5    Market Opportunities and Threats
4    Global Vegetable Oil Market Overview
5    Global Palm Oil Market Outlook

    5.1    Chart: Historical Consumption (2016-2020) & Forecast (2021-2026)
    5.2    Chart: Historical Production (2016-2020) & Forecast (2021-2026)
    5.3    Chart: Breakup by Application
        5.3.1    Food Products
        5.3.2    Consumer Products    
        5.3.3    Energy
    5.4    Figure: Historical Production (2016-2020) & Forecast (2021-2026)
        5.4.1    Asia Pacific
        5.4.2    North America
        5.4.3    Europe
        5.4.4    Middle East and Africa
        5.4.5    Latin America
    5.5    Figure: Historical Consumption (2016-2020) & Forecast (2021-2026)
        5.5.1    Asia Pacific
        5.5.2    North America
        5.5.3    Europe
        5.5.4    Middle East and Africa
        5.5.5    Latin America
6    Latin America Vegetable Oil Market Overview
7    Latin America Palm Oil Market Outlook
8    Latin America Palm Oil Market 
    8.1    Latin America Palm Oil Market Analysis

        8.1.1    Chart: Historical Consumption (2016-2020) & Forecast (2021-2026)
        8.1.2    Chart: Historical Production (2016-2020) & Forecast (2021-2026)
        8.1.3    Chart: Breakup by Application
      Food Products
      Consumer Products    
        8.1.4    Figure: Historical Production (2016-2020) & Forecast (2021-2026)
        8.1.5    Figure: Historical Consumption (2016-2020) & Forecast (2021-2026)
    8.2    SWOT Analysis
        8.2.1    Overview
        8.2.2    Strengths
        8.2.3    Weaknesses 
        8.2.4    Opportunities
        8.2.5    Threats
    8.3    Value Chain Analysis
    8.4    Porter’s Five Forces Analysis

        8.4.1    Overview
        8.4.2    Buyer’s Power
        8.4.3    Supplier’s power
        8.4.4    New Entrants
        8.4.5    Degree of Rivalry
        8.4.6    Substitutes
    8.5    Global (HS Code-1511) Trade Analysis (2020) 
        8.5.1    Major Exporting Countries by Value & Volume
        8.5.2    Major Importing Countries by Value & Volume
    8.6    Latin America Palm Oil Market Price Analysis: Historical Price Trends (2016-2020) & Forecast (2021-2026)
        8.6.1    Colombia
        8.6.2    Ecuador
        8.6.3    Brazil
        8.6.4    Mexico
        8.6.5    Guatemala
        8.6.6    Argentina
9    Competitive Landscape & Supplier Analysis
    9.1    Wilmar International Ltd.
    9.2    Cargill, Incorporated
    9.3    Bunge Limited
    9.4    Archer Daniels Midland Company
    9.5    Reforestadora de Palmas del Petén SA (REPSA)
    9.6    Others
10    Industry Events and Developments

Additional Customisations Available:

11    Manufacturing Process
    11.1     Detailed Process Flow
    11.2     Operations Involved
    11.3     Mass Balance
12    Cost Analysis
    12.1    Land, Location and Site Development
    12.2    Construction
    12.3    Plant Machinery
    12.4    Cost of Raw Material
    12.5    Packaging
    12.6    Transportation
    12.7    Utilities
    12.8    Manpower
    12.9    Other Capital Investment

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