Global Sustainable Palm oil Market is valued approximately USD 16.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.17 % over the forecast period 2020-2026. Sustainable Palm oil is produced and marketed as per the directive guidelines by Round on sustainable palm oil (RSPO). Various industries are making ultimate use of the sustainable palm oil thus increasing its demand. The global sustainable palm oil market is anticipated to be driven by the supportive government norms and initiatives to support sustainable palm oil production and surging adoption in various end-user industries such as food and personal care & cosmetic. As the palm oil is a source of healthy saturated fats and medium chain fatty acids, which makes it perfect for use as a cooking medium and food ingredient. In addition, the palm kernel oil is rich in Vitamin K which is considered most important fat-soluble vitamins that the body requires. For Instance: as per the Malaysian Palm Oil Council, refined fractional palm oil are in fact 95-97% digestible which falls within the digestibility range of 93-99% for most edible oils and fats. Furthermore, health benefits associated with palm oil along with growing initiatives in palm oil production by the market players is expected to create lucrative growth opportunity in the market over the forecast period. However, price volatility of palm oil is expected to impede the market growth over the forecast period of 2019-2026.
The regional analysis of global Sustainable Palm oil market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the high demand for palm oil in end use industry such as food industry. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as presence of top producer and Consumer of palm oil namely Indonesia and Malaysia would create lucrative growth prospects for the Sustainable Palm oil market across Asia-Pacific region.
Major market player included in this report are:
Golden Agri-Resources Limited
Sime Darby Plantation Sendirian Berhad
United Plantation Berhad
Kulim Berhad
IOI Corporation Berhad
New Britain Palm Oil Limited
Cargill
Wilmer International Limited
SIPEF Group Belgium
Kuala Lumpur Kepong Berhad
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Crude Palm Oil
Palm Kernel Oil
Fractional Palm Oil
Red Palm Oil
White Palm Oil
By Application:
Food
Pet Food
Soap and Detergents
Cosmetics
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Sustainable Palm oil Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors