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Global Palm Kernel Oil Market Size, Share, Trends, Growth: By Application: Edible Oil, Cosmetics, Bio-diesel, Lubricants, Surfactants, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; 2024-2032
Global Palm Kernel Oil Market Outlook
The global palm kernel oil market size attained a value of 15.8 billion in 2023. The market is expected to grow at a CAGR of 4.3% between 2024 and 2032, reaching almost 23.1 billion by 2032.
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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.
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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.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 Opportunities and Challenges in the Market
8 Global Palm Kernel Oil Market Analysis
8.1 Key Industry Highlights
8.2 Global Palm Kernel Oil Historical Market (2018-2023)
8.3 Global Palm Kernel Oil Market Forecast (2024-2032)
8.4 Global Palm Kernel Oil Market by Application
8.4.1 Edible Oil
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Cosmetics
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Bio-diesel
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Lubricants
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Surfactants
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Palm Kernel Oil Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Palm Kernel Oil Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Palm Kernel Oil Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Palm Kernel Oil Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Palm Kernel Oil Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Palm Kernel Oil Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Cargill Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Wilmar International Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sime Darby
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Golden Agri Resources Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Godrej Agrovet Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
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, 2018 and 2032
2. Global Palm Kernel Oil Historical Market: Breakup by Application (Million Metric Tons), 2018-2023
3. Global Palm Kernel Oil Market Forecast: Breakup by Application (Million Metric Tons), 2024-2032
4. Global Palm Kernel Oil Historical Market: Breakup by Region (Million Metric Tons), 2018-2023
5. Global Palm Kernel Oil Market Forecast: Breakup by Region (Million Metric Tons), 2024-2032
6. North America Palm Kernel Oil Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
7. North America Palm Kernel Oil Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
8. Europe Palm Kernel Oil Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
9. Europe Palm Kernel Oil Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
10. Asia Pacific Palm Kernel Oil Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
11. Asia Pacific Palm Kernel Oil Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
12. Latin America Palm Kernel Oil Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
13. Latin America Palm Kernel Oil Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
14. Middle East and Africa Palm Kernel Oil Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
15. Middle East and Africa Palm Kernel Oil Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
16. Global Palm Kernel Oil Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 4.3% between 2024 and 2032.
The major drivers of the market include the increasing biodiesel use in vehicles, surging consumption of processed food and beverage goods, and the rising demand for the product as a cooking oil.
The increasing customer demand for naturally formulated personal care and beauty products and rising health consciousness are the key trends propelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of palm kernel oil are edible oil, cosmetics, bio-diesel, lubricants, and surfactants, among others.
The major players in the market 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 growth is 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 2024-2032.
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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