Palm oil is an edible vegetable oil which is high in saturated fats and is derived from the fruit of the palm tree. It is grown commercially in many tropical countries but mainly in Indonesia and Malaysia. It has now become a common ingredient in many consumer products from processed foods to candles, grooming products and biofuels. During 2014-2018, the global palm oil market grew at a CAGR of around 7% The market is being driven by adequate availability, versatility in usage and lower cost of palm oil as compared to other vegetable oils. Moreover, it consumes considerably less energy during production, requires low land requirements and generates more oil per hectare. This report by Expert Market Research entitled “Palm Oil Market Report and Forecast 2019–2024” provides a comprehensive analysis for anyone who plans to foray into the palm oil market.
Historical market trends for the global palm oil industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global palm oil market into the following major countries – Indonesia, Malaysia and others. Indonesia currently represents the largest market. Additionally, the report has segmented the global palm oil market by application as foods, consumer products and energy.
The value chain analysis of the palm oil industry has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the palm oil industry has also been provided. Some of the key players in this market include ADM, Alami Group, Boustead Group, California Oil Crop and others.
This report provides an exhaustive insight for setting-up and running a palm oil manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global palm oil market?
- Which are the biggest markets (regions) for palm oil?
- What are the major types of palm oil? Which are the most popular?
- What are the key application areas for palm oil?
- Who are the key players in the palm oil market?
- What are the land and construction requirements to start a palm oil processing plant?
- What are the machinery requirements to start a palm oil processing plant?
- How is palm oil priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a palm oil processing plant?
- What are the running costs of a palm oil processing plant?
- How much revenue can a palm oil processing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the palm oil industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.