Palm Oil Global Market to Reach $117.9 Billion by 2030: Growing Awareness About Saturated Fatty Acids & Omega-6 in Vegetable Oils Augurs Well for Palm Oil Market

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Global Market for Palm Oil

Global Market for Palm Oil

Dublin, March 03, 2023 (GLOBE NEWSWIRE) -- The "Palm Oil: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Palm Oil estimated at US$74.9 Billion in the year 2022, is projected to reach a revised size of US$117.9 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030.

Crude Palm Oil, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$63.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Palm Kernel Oil segment is readjusted to a revised 7.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 6.7% CAGR

The Palm Oil market in the U.S. is estimated at US$3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13.9 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 3.6% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 3.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$64.5 Billion by the year 2030.

Select Competitors (Total 124 Featured) -

• Agropalma S.A.

• Archer Daniels Midland Company

• Asian Agri

• Boustead Holdings Berhad

• Cargill, Incorporated

• Carotino Sdn Bhd

• FGV Holdings Berhad

• First Resources Limited

• Fuji Vegetable Oil, Inc.

• Genting Plantations Berhad

• Godrej Agrovet Limited

• Golden Agri-Resources Ltd.

• Intercontinental Specialty Fats Sdn. Bhd.

• IOI Corporation Berhad

• Kuala Lumpur Kepong Berhad

• Musim Mas Group

• New Britain Palm Oil Ltd.

• Nv Siat sa

• PT Astra Agro Lestari Tbk

• PT Darmex Agro

• PT Dharma Satya Nusantara Tbk

• PT Indofood Sukses Makmur Tbk

• PT PP London Sumatra Indonesia Tbk

• PT Salim Ivomas Pratama Tbk

• PT Smart Tbk

• Sime Darby Plantation Sdn Bhd

• United Palm Oil Industry Public Company Limited

• United Plantations Berhad

• Wilmar International Ltd.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Report Metrics:

Report Attribute	Details
No. of Pages	563
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$74.9 Billion
Forecasted Market Value (USD) by 2030	$117.9 Billion
Compound Annual Growth Rate	5.8%
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 Pandemic and the Looming Global Recession

• 2020 Marked as a Year of Disruption & Transformation

• As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed?

• World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022

• Amidst the COVID-19 Pandemic, Vegetable Oils Industry Maintains Positive Trajectory in 2020

• Palm Oil Registers Price Spike Amidst the Pandemic

• Palm Oil - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• An Introduction to Palm Oil

• Chemical Composition & Features

• Development & Growth

• A Note on Oil Palm Cultivation

• Global Market Prospects & Outlook

• Food Industry: Largest End-Use Market

• Developing Regions Constitute Primary Palm Oil Markets

• Global Palm Oil Production and Trade Scenario

• Global Palm Oil Production (in Thousand Metric Tons) for 2017/18 to 2021/22

• Global Palm Oil Imports (in Thousand Metric Tons) by Country for 2017/18 through 2021/22

• Global Palm Oil Exports (in Thousand Metric Tons) by Country for 2017/18 through 2021/22

• Competition

• Ranking of Leading Producers of Sustainable Palm Oil

• Leading Palm Oil Traders with Zero Deforestation Commitment: Ranked in Order of Number of Zero Deforestation Policies Implemented

• World Brands

• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Food Industry: Most Important Application Market for Palm Oil

• Key Applications of Edible Palm Oil

• Growing Awareness about Saturated Fatty Acids & Omega-6 in Vegetable Oils Augurs Well Palm Oil Market

• Fatty Acid Profiles of Major Cooking Oils - Butter, Olive, Coconut, Palm, Safflower, Corn, Soybean, and Canola

• Market Benefits from the Rising Health Consciousness and Increasing Awareness about Nutritional Benefits of Palm Oil

• Population Growth and Surging Popularity of Convenience Foods Bodes Well for Palm Oil Market

• World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100

• Edible Palm Oil to Benefit from the Growing Aversion to GMO-based Oils

• Rise of the Vegetarianism & Customization to Local Tastes

• Expanding Industrial Applications Elevate Demand for Palm Oil

• Biodiesel: The New Growth Avenue for Palm oil

• Global Biodiesel Production (in Billion Liters and YoY % Growth) for the Years 2019-2022

• Global Biodiesel Production Breakdown by Country/Region for 2020

• Average Biofuel Yields of First Generation Feedstock

• Palm Oil Emerges as a Popular Feedstock for Biodiesel Production

• World Biodiesel & HVO Production Mix by Feedstock: 2020

• Favorable Blend Mandates Set to Enhance Palm Oil Demand in Biofuel Sector

• COVID-19 Impact on the Biodiesel Market & Implications for Palm Oil

• Growing Prominence of Sustainable Palm oil to Accelerate Market Demand

• Certified Production Area by RSPO for the Years 2017-2022

• RPSO-Certified Palm Oil by Source Country

• Initiatives Supporting the Development of a Sustainable Palm oil Industry

• RSPO's Novel Initiatives Aim to Resolve Biodiversity & Sustainability Issues Prevalent in Palm Oil Industry

• Leading Producers of Palm Oil Worldwide: Approximate Percentage Share of Production of RSPO

• High Crop Yield: A Major Factor Promoting Market Expansion

• Global Oil Yield (Tons per Hectare) for Major Oilseed Crops

• Advanced Equipment & Approaches Come to the Fore to Boost Palm Oil Production & Processing

• Remote Sensing Technologies to Potentially Revolutionize Oil Palm Industry

• Using Drones for in Oil Palm Farming

• Electrical Cutters in Place of Bulky Mechanical Equipment

• Novel DNA-based Method for Early Identification of High Yielding Palm Trees

• Research Highlights Need for Improving Ergonomics for Palm Harvesters

• List of Common Ailments Associated with MSDs and Risk Factors in Terms of Tasks and Movements

• Impact of Recent Palm Oil Price Surge on Deforestation

• Major Issues & Challenges Confronting the Palm oil Market

• Environmental Concerns Remain Major Impediment

• Various Strategies to Address Environmental Issues

• Protectionist Methods Adopted by Developed Nations

• Scarcity of Cultivable Land: A Major Challenge

• Global Availability of Arable Land in Hectares Per Person & as a % of Total Land Area for the Years 1990, 2000, 2018 and 2020

• Stiff Competition from Soybean & Other Vegetable Oils

• Palm Oil and Cholesterol Controversy

• Insect Cooking Oil as an Alternative to Palm Oil

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/sfoplj

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