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Global Palm Kernel Oil Market: By Application: Edible Oil, Cosmetics, Bio-diesel, Lubricants, Surfactants, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments

Global Palm Kernel Oil Market Outlook

The global palm kernel oil market witnessed a CAGR of 3.5% in the historical period of 2016-2020 to attain a volume of 8.8 million metric tons in 2020.

 

Global Palm Kernel Oil Market

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Extensive Application of Palm Kernel Oil in End Use Industries to Boost the Market Growth

The United States market for palm kernel oil is expected to witness healthy growth in the forecast period. This could be attributed to the increased consumption of processed food and beverage goods, which has bolstered the food industry in the country. North America is a major contributor to the market growth due to rising demand for the product as a cooking oil in food production. Meanwhile, Asia Pacific is projected to expand at a healthy pace during the forecast period. This could be ascribed to the expanding cosmetics and personal care industry in the region. In addition to this, the rising disposable incomes and enhancing living standards of the population in emerging economies like India are contributing to the market growth of the cosmetic industry in the region. This is further enhancing the overall palm kernel oil industry. Moreover, Europe is a world leader in automotive manufacturing and is home to many of the industry's key players. Increased biodiesel demand in Germany, Spain, and other European countries is expected to boost the market for palm kernel oil.

 

Palm Kernel Oil: Market Segmentation

Palm kernel oil (Elaeis guineensis jaq) is a plant oil obtained from the kernel of palm seed. Palm kernel oil is a saturated vegetable fat that is semi-solid at room temperature and is mostly used for commercial cooking because it is less expensive than other oil varieties. Palm kernel oil has a higher saturated content than palm oil and is mainly used in the processing of soap, cream, lotion, and milk.

 

Global Palm Kernel Oil Market by Segment

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The market is segregated in terms of application into:

  • Edible Oil
  • Cosmetics
  • Bio-diesel
  • Lubricants
  • Surfactants
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Palm Kernel Oil Market by Region

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Growing Health Awareness to Drive the Market Growth of Palm Kernel Oil

Palm kernel oil is more saturated in comparison to palm oil and is also used in the production of milk lotion, cream, soap, and other cosmetics. The use of palm kernel oil in cosmetics is becoming more common as people become more mindful of the dangers of chemicals used in cosmetics and their side effects. Furthermore, increasing customer demand for naturally formulated personal care and beauty products is pushing the demand for this oil in the cosmetics industry. The rise in general health consciousness globally is aiding the demand for edible oil such as palm kernel oil in the food industry. Palm kernel oil is also widely used in the lubricant and biodiesel industries. The formulation of biodiesel using sodium hydroxide pellets, methanol, and palm kernel oil in a trans-esterification reaction is one such application, which is boosting the market growth of palm kernel oil. The palm kernel oil industry is projected to rise in the forecast period, owing to increasing biodiesel use in vehicles due to its affordability and environmental friendliness as compared to other fuels.

 

Key Industry Players in the Global Palm Kernel Oil Market

The report gives a detailed analysis of the following key players in the global palm kernel oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Cargill Inc.
  • Wilmar International Limited
  • Sime Darby
  • Golden Agri Resources Limited
  • Godrej Agrovet Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Regions
Breakup by Application Edible Oil, Cosmetics, Bio-diesel, Lubricants, Surfactants, Others
Breakup by Regions North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand and Price
Competitive Landscape Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Cargill Inc., Wilmar International Limited, Sime Darby, Golden Agri Resources Limited, Godrej Agrovet Limited, 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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Palm Kernel Oil Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Palm Kernel Oil Historical Market (2017-2021) 
    8.3    Global Palm Kernel Oil Market Forecast (2022-2027)
    8.4    Global Palm Kernel Oil Market by Application
        8.4.1    Edible Oil
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Cosmetics
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Bio-diesel
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Lubricants
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Surfactants
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Others
    8.5    Global Palm Kernel Oil Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Cargill Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Wilmar International Limited
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Sime Darby
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Golden Agri Resources Limited
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Godrej Agrovet Limited
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Palm Kernel Oil Market: Key Industry Highlights, 2016 and 2026
2.    Global Palm Kernel Oil Historical Market: Breakup by Application (Million Metric Tons), 2017-2021
3.    Global Palm Kernel Oil Market Forecast: Breakup by Application (Million Metric Tons), 2022-2027
4.    Global Palm Kernel Oil Historical Market: Breakup by Region (Million Metric Tons), 2017-2021
5.    Global Palm Kernel Oil Market Forecast: Breakup by Region (Million Metric Tons), 2022-2027
6.    North America Palm Kernel Oil Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
7.    North America Palm Kernel Oil Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
8.    Europe Palm Kernel Oil Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
9.    Europe Palm Kernel Oil Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
10.    Asia Pacific Palm Kernel Oil Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
11.    Asia Pacific Palm Kernel Oil Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
12.    Latin America Palm Kernel Oil Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
13.    Latin America Palm Kernel Oil Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
14.    Middle East and Africa Palm Kernel Oil Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
15.    Middle East and Africa Palm Kernel Oil Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
16.    Global Palm Kernel Oil Market Structure

Key Questions Answered in the Report

The global palm kernel oil market witnessed a CAGR of 3.5% in the historical period of 2016-2020 to attain a volume of 8.8 million metric tons in 2020.

The major drivers of the market include the increasing biodiesel use in vehicles, formulation of biodiesel using sodium hydroxide pellets, methanol, and palm kernel oil in a trans-esterification reaction, increased consumption of processed food and beverage goods, rising disposable incomes, enhancing living standards of the population, and rising demand for the product as a cooking oil.

The increasing customer demand for naturally formulated personal care and beauty products and rise in general health consciousness are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The market is segregated in terms of application into edible oil, cosmetics, biodiesel, lubricants, and surfactants, among others.

The major players in the industry are Cargill Inc., Wilmar International Limited, Sime Darby, Golden Agri Resources Limited, and Godrej Agrovet Limited, among others.

Analyst Review

The global palm kernel oil market attained a volume of more than 8.8 million metric tons in 2020, driven by the increasing customer demand for naturally formulated personal care and beauty products. Aided by increased consumption of processed food and beverage goods and rise in general health consciousness, the market is expected to witness further growth in the forecast period of 2022-2027.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market has been segregated in terms of application into edible oil, cosmetics, biodiesel, lubricants, and surfactants, among others. The major regional markets for palm kernel oil market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Cargill Inc., Wilmar International Limited, Sime Darby, Golden Agri Resources Limited, and Godrej Agrovet Limited, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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