MARKETWIRE.NET

Decode Your Next Market Move

A New Study Provides Fresh Insights Into Key Trends that Will Keep the Palm Oil Market Moving Into 2024

The global market for Palm Oil is projected to exceed 85 million metric tons by 2024, driven by ubiquitous applications in a broad range of everyday products and the resulting growing demand for certified sustainable palm oil.

Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Palm Oil market. Market segmentation include Product (Crude Palm Oil, Palm Kernel Oil, Other Products); Application (Food, Bio-Diesel, Surfactants, Cosmetics, Other Applications).

3 July 7:35 A.M., California/Marketwire/ - According to the new market research report, the global market for Palm Oil is projected to exceed 85 million metric tons by 2024, driven by ubiquitous applications in a broad range of everyday products and the resulting growing demand for certified sustainable palm oil. The rising hostility towards GMO based oils is encouraging the development of organic palm oil rich in natural nutrients. In edible applications, consumption patterns are supported by the many benefits of palm oil which include healthy high-density lipoproteins (HDL) content; high levels of Tocopherols, a natural antioxidant vital in cancer prevention; and rich in beta-carotene, Vitamin A, D, and E. Popular non-edible applications of palm oil include use in the manufacture of soaps and as feedstocks in the oleochemical industry.

Supported by falling prices, another emerging new use is palm oil as a renewable source for biodiesel production. However, opportunities in this space will be determined by the industry's ability to balance demand growth with responsible cultivation and production of oil. Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 5.6% over the analysis period led by factors such as large population and corresponding demand for food commodities; improved retailing network; changing dietary habits; growing focus on developing "sustainable" and "organic" plantations amid growing criticism and controversy over the impact of palm oil production; and healthy investments in technology and R&D aimed at increasing crop yields and oil production.

Key Competitors Covered in the Report
Agropalma Group
Archer Daniels Midland Company
Asian Agri
Boustead Holdings Berhad
California Oils Corporation
Carotino Sdn Bhd
Fuji Vegetable Oil Inc.
Genting Plantations Berhad
Golden Agri-Resources Ltd.
Intercontinental Specialty Fats Sdn Bhd
IOI Group Berhad
Nv Siat sa
Sime Darby Plantation Sdn Bhd
United Plantations Berhad
Wilmar International Limited

Geographies Analyzed in the Report
USA
Canada
Japan
China
Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe)
Asia-Pacific (Australia, India, South Korea, Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, UAE, Rest of Middle East)
Africa

More details

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 1544. Among this pool, 278 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 62 unique participations, a total of 28 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

Contact Us:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
Email: sales@StrategyR.com




Key Takeaways from the Latest Study On the Global “Palm Oil” Market

The global market for Palm Oil is projected to exceed US$52.3 billion by 2025, driven by ubiquitous applications in a broad range of everyday products and the resulting growing demand for certified sustainable palm oil.

Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Palm Oil market. Report segmentation include Product (Crude Palm Oil, Palm Kernel Oil, Other Products); Application (Food, Bio-Diesel, Surfactants, Cosmetics, Other Applications).

10 June 9:48 A.M., California/Marketwire/ - According to the new market research report, the global market for Palm Oil is projected to exceed US$52.3 billion by 2025, driven by ubiquitous applications in a broad range of everyday products and the resulting growing demand for certified sustainable palm oil. The market will receive a short-term setback in the current year amid ongoing COVID-19 crisis and will be reset to a new normal which going forwards in a post crisis era will be continuously redefined and redesigned.

Factors such as growing population and corresponding rise in demand for food commodities; improved retailing network; changing dietary habits; growing focus on developing "sustainable" and "organic" plantations amid growing controversy over the impact of palm oil production; and healthy investments in technology and R&D aimed at increasing crop yields and oil production would help sustain future expansion in the palm oil market. In edible applications, consumption patterns are supported by the many benefits of palm oil which include healthy high-density lipoproteins (HDL) content; high levels of Tocopherols, a natural antioxidant vital in cancer prevention; and rich in beta-carotene, Vitamin A, D, and E. Popular non-edible applications of palm oil include use in the manufacture of soaps and as feedstocks in the oleochemical industry. Supported by falling prices, another emerging new use is palm oil as a renewable source for biodiesel production.

Key Competitors Covered in the Report
Agropalma Group
Archer Daniels Midland Company
Asian Agri
Boustead Holdings Berhad
California Oils Corporation
Carotino Sdn Bhd
Fuji Vegetable Oil Inc.
Genting Plantations Berhad
Golden Agri-Resources Ltd.
Intercontinental Specialty Fats Sdn Bhd
IOI Group Berhad
Nv Siat sa
Sime Darby Plantation Sdn Bhd
United Plantations Berhad
Wilmar International Limited

Geographies Analyzed in the Report
United States
Canada
Japan
China
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
Africa

More details

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 1544. Among this pool, 278 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 62 unique participations, a total of 28 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

Contact Us:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
Email: sales@StrategyR.com