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Global Palm Oil Market: By Application: Food Products, Consumer Products, Energy; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Trade Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments

Global Palm Oil Market Market Outlook

The global palm oil market size reached a volume of almost 82.8 million tons in the year 2019. The market is further expected to grow at a CAGR of 5% between 2020 and 2025 to reach a volume of almost 111 million tons by 2025.

The global palm oil market is being driven by its ease of availability, diverse applications, and its lower cost compared to other vegetable oils. In 2017, India was the major importer of palm oil, importing nearly 10 million tonnes of the same. The EU and China followed India as the leading importers. Over the years, its demand has multiplied, with imports almost tripling in 2017 as compared to 2000. India was also the leading consumer of the oil in 2018, accounting for about 20% of the global consumption. A majority of it is consumed in India is used in food followed by other industrial uses. Its growing demand in India stems from the rapidly growing population, which has led to an increase in the per capita consumption. The palm oil market in China, another major importer, is influenced by the rising demand from sectors like food, feed, and oleochemicals. In the EU, the second largest importer of the same, it is increasingly used as a feedstock in the biodiesel production.

 

Properties and Applications

Palm oil is the leading vegetable oil in the market and is chiefly grown in tropical countries. Originated in West Africa, it is a high-quality oil procured from oil palm trees. While they are primarily used in foods in developing economies, they have a wide range of versatile applications. They are found in products like detergents, soaps, skin-care products, lipsticks, and ice cream, among others. In the twenty-first century, biofuel is a robustly growing application sector.

The industry can be broadly categorised on the basis of its applications into:

  • Food Products
  • Consumer Products
  • Energy

The report also covers the regional palm oil markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

Palm oil along with soybean oil is the major vegetable oil available in the market. In 2017, they accounted for almost 63% of the total vegetable oil output. It remained the leading vegetable oil in the industry. Oil palm is the main oilseed crop in significant markets like Malaysia and Indonesia.

The global palm oil market is being driven by the rising population leading to an increase in the per capita consumption. With governments, globally, attempting to curb trans-fat consumption, the industry has received a further upward push. Changing dietary preferences and rising demand from end-use sectors is also fuelling the growth of the industry. Their lower energy consumption during the production process and low land requirement while generating more oil per hectare make them more sustainable.

The food sector is the leading application sector for palm oil accounting for 71% of the application, followed by the energy sector. Its average consumption between 2017 and 2018 was 63 million tonnes, most of which was used as edible oil in Southeast Asia. The biodiesel industry is witnessing a growth in Southeast Asian countries, especially in crucial palm oil producing countries like Indonesia and Malaysia. The Southeast Asia market accounts for over a quarter of the palm oil used in the biodiesel produced in the EU. Palm oil accounts for 31% of the biodiesel feedstock and is the major feedstock for biodiesel followed by soybean oil and rapeseed oil. It also finds uses in skin creams, soaps, and biodegradable laundry detergents.

Its production is expected to see an increase in the forecasted period with the planned growth and replanting in the area along with the utilisation of more higher yield hybrid varieties. EU legislation requiring palm oil for biodiesel production has provided further impetus to the industry. The industry is expected to be driven by the increased consumption in food applications.

 

Competitive Landscape

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

  • Wilmar International Ltd.
  • Cargill, Incorporated
  • Bunge Limited
  • Archer Daniels Midland Company
  • Others

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

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    Market 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 Vegetable Oil Market Overview

    8.1    Key Industry Highlights
    8.2    Global Vegetable Oil Historical Market (2015-2019) 
    8.3    Global Vegetable Oil Market Forecast (2020-2025)’
    8.4    Global Vegetable Oil Market by Region
        8.4.1    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle East & Africa
9    Global Palm Oil Market Analysis
    9.1    Key Industry Highlights
    9.2    Global Palm Oil Historical Market (2015-2019) 
    9.3    Global Palm Oil Market Forecast (2020-2025)
    9.4    Global Palm Oil Market by Application
        9.4.1    Food Products
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
        9.4.2    Consumer Products
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019)
            9.4.2.3    Forecast Trend (2020-2025)
        9.4.3    Energy
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2015-2019)
            9.4.3.3    Forecast Trend (2020-2025)
    9.5    Global Palm Oil Market by Region
        9.5.1    Market Share
            9.5.1.1    North America
            9.5.1.2    Europe
            9.5.1.3    Asia Pacific
            9.5.1.4    Latin America
            9.5.1.5    Middle East and Africa
10    Regional Analysis
    10.1    North America
        10.1.1    Historical Trend (2015-2019)
        10.1.2    Forecast Trend (2020-2025)
        10.1.3    Market by Country
            10.1.3.1    United States of America 
            10.1.3.2    Canada
    10.2    Europe
        10.2.1    Historical Trend (2015-2019)
        10.2.2    Forecast Trend (2020-2025)
        10.2.3    Market by Country
            10.2.3.1    United Kingdom
            10.2.3.2    Germany
            10.2.3.3    France
            10.2.3.4    Italy
            10.2.3.5    Others
    10.3    Asia Pacific
        10.3.1    Historical Trend (2015-2019)
        10.3.2    Forecast Trend (2020-2025)
        10.3.3    Market by Country
            10.3.3.1    China
            10.3.3.2    Japan
            10.3.3.3    India
            10.3.3.4    ASEAN
            10.3.3.5    Australia
            10.3.3.6    Others
    10.4    Latin America
        10.4.1    Historical Trend (2015-2019)
        10.4.2    Forecast Trend (2020-2025)
        10.4.3    Market by Country
            10.4.3.1    Brazil
            10.4.3.2    Argentina
            10.4.3.3    Mexico
            10.4.3.4    Others
    10.5    Middle East and Africa
        10.5.1    Historical Trend (2015-2019)
        10.5.2    Forecast Trend (2020-2025)
        10.5.3    Market by Country
            10.5.3.1    Saudi Arabia
            10.5.3.2    United Arab Emirates
            10.5.3.3    Nigeria
            10.5.3.4    South Africa
            10.5.3.5    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Trade Analysis (HS Code- 2309)
 
    13.1    Major Exporting Countries by Value & Volume
    13.2    Major Importing Countries by Value & Volume
14    Price Analysis
    14.1    North America Historical Price Trends (2015-2019) & Forecast (2020-2025)
    14.2    Europe Historical Price Trends (2015-2019) & Forecast (2020-2025)
    14.3    Asia Pacific Historical Price Trends (2015-2019) & Forecast (2020-2025)
    14.4    Latin America Historical Price Trends (2015-2019) & Forecast (2020-2025)
    14.5    Middle East & Africa Historical Price Trends (2015-2019) & Forecast (2020-2025)
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players’ Market Share
    15.3    Company Profiles
        15.3.1    Wilmar International Ltd.
            15.3.1.1    Company Overview
            15.3.1.2    Product Portfolio
            15.3.1.3    Demographic Reach and Achievements
            15.3.1.4    Financial Summary
            15.3.1.5    Certifications
        15.3.2    Cargill, Incorporated
            15.3.2.1    Company Overview
            15.3.2.2    Product Portfolio
            15.3.2.3    Demographic Reach and Achievements
            15.3.2.4    Financial Summary
            15.3.2.5    Certifications
        15.3.3    Bunge Limited
            15.3.3.1    Company Overview
            15.3.3.2    Product Portfolio
            15.3.3.3    Demographic Reach and Achievements
            15.3.3.4    Financial Summary
            15.3.3.5    Certifications
        15.3.4    Archer Daniels Midland Company
            15.3.4.1    Company Overview
            15.3.4.2    Product Portfolio
            15.3.4.3    Demographic Reach and Achievements
            15.3.4.4    Financial Summary
            15.3.4.5    Certifications
        15.3.5    Others
16    Industry Events and Developments


Additional Customisations Available

1.    Manufacturing Process
    1.1.    Detailed Process Flow
    1.2.    Operations Involved
    1.3.    Mass Balance
2.    Cost Analysis
    2.1.    Land, Location & 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 Figures and Tables

1.    Global Vegetable Oil Market: Key Industry Highlights, 2015 and 2025
2.    Global Vegetable Oil Historical Market: Breakup by Region (Million Tons), 2015-2019
3.    Global Vegetable Oil Market Forecast: Breakup by Region (Million Tons), 2020-2025
4.    Global Palm Oil Market: Key Industry Highlights, 2015 and 2025
5.    Global Palm Oil Historical Market: Breakup by Application (Million Tons), 2015-2019
6.    Global Palm Oil Market Forecast: Breakup by Application (Million Tons), 2020-2025
7.    Global Palm Oil Historical Market: Breakup by Region (Million Tons), 2015-2019
8.    Global Palm Oil Market Forecast: Breakup by Region (Million Tons), 2020-2025
9.    North America Palm Oil Historical Market: Breakup by Country (Million Tons), 2015-2019
10.    North America Palm Oil Market Forecast: Breakup by Country (Million Tons), 2020-2025
11.    Europe Palm Oil Historical Market: Breakup by Country (Million Tons), 2015-2019
12.    Europe Palm Oil Market Forecast: Breakup by Country (Million Tons), 2020-2025
13.    Asia Pacific Palm Oil Historical Market: Breakup by Country (Million Tons), 2015-2019
14.    Asia Pacific Palm Oil Market Forecast: Breakup by Country (Million Tons), 2020-2025
15.    Latin America Palm Oil Historical Market: Breakup by Country (Million Tons), 2015-2019
16.    Latin America Palm Oil Market Forecast: Breakup by Country (Million Tons), 2020-2025
17.    Middle East and Africa Palm Oil Historical Market: Breakup by Country (Million Tons), 2015-2019
18.    Middle East and Africa Palm Oil Market Forecast: Breakup by Country (Million Tons), 2020-2025
19.    Major Importing Countries by Volume (2019)
20.    Major Exporting Countries by Volume (2019)
21.    Major Importing Countries by Value (2019)
22.    Major Exporting Countries by Value (2019)
23.    North America Historical Price Trends and Forecast 2015-2025
24.    Europe Historical Price Trends and Forecast 2015-2025
25.    Asia Pacific Historical Price Trends and Forecast 2015-2025
26.    Latin America Historical Price Trends and Forecast 2015-2025
27.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
28.    Global Palm Oil Market Structure

Key Questions Answered in the Report

In 2019, the global palm oil market attained a volume of almost 82.8 million tons.

In the forecast period of 2020-2025, the market is projected to grow at a CAGR of 5%.

By 2025, the market is estimated to reach a volume of almost 111 million tons by 2025.

The major drivers of the industry such as rising disposable incomes, increasing population, increasing demand from the food sector, rising health consciousness, and growing demand for biofuel are expected to aid the market growth.

The growing shift away from trans-fat and the rising adoption of biofuels in countries across the globe are the trends which are expected to define the growth of the industry.

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

The food sector accounts the largest market share of 71% among other application sectors.

The key players in the industry include Wilmar International Ltd., Cargill, Incorporated, Bunge Limited, and Archer Daniels Midland Company, among others.

Analyst Review

The global palm oil market attained a volume of 82.8 million tons in 2019 driven by the rising demand from the food industry and growing health consciousness. Aided by the rising adoption of biodiesel, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 5%. The market is projected to reach 111 million tons by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of application, the food sector accounts for 71% in the global market. The major regional markets for North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Wilmar International Ltd., Cargill, Incorporated, Bunge Limited, Archer Daniels Midland Company, and 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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