Global Palm Oil Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts


Dublin, May 17, 2022 (GLOBE NEWSWIRE) -- The "Palm Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to's offering.

The global palm oil market reached a value of US$ 50.6 billion in 2021. Looking forward, the market is projected to reach US$ 65.5 billion by 2027, exhibiting at a CAGR of 4.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.

Originating from West-Africa, palm oil is an edible vegetable oil produced from the mesocarp of the fruit of oil palms. It is the world's highest yielding oil crop, with output 5-10 times higher per hectare than other leading vegetable oil crops. It offers numerous nutritional benefits since it is cholesterol-free, easy to digest and rich in carotenoids, as well as Vitamin A. It also has a longer shelf-life and is cheaper than other vegetable oils available in the market.

Palm Oil Industry Trends

Palm oil offers several health benefits that help in enhancing energy levels, preventing premature aging, improving eye vision, boosting the immune system, and reducing the risk of cancer and heart diseases. The increasing awareness regarding these health benefits among consumers is one of the primary factors contributing to the market growth.

Furthermore, the thriving food industry is driving the product demand as it is extensively utilized for frying and as a key ingredient in the preparation of healthy food recipes. Apart from this, palm oil is readily replacing petroleum-based products as an effective alternative in the transportation and energy industries. It is also employed as a substitute for mineral oil in power stations for energy production. Moreover, initiatives undertaken by governments of various countries, such as Denmark and other western European nations, along with awareness campaigns by the World Health Organization to curb trans-fat consumption, are envisaged to boost the market growth.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global palm oil market, along with forecasts at the global and regional level from 2022-2027. The report has categorized the market based on application.

Breakup by Application:

  • Household Cooking
  • Food & Beverages
  • Oleo Chemicals
  • Personal Care
  • Animal Feed
  • Bio-fuel

Household cooking represents the largest application segment for palm oil, since it is one of the most cost effective edible oils avaliable in the market.

Regional Insights:

  • India
  • Indonesia
  • China
  • European Union
  • Malaysia
  • Others

Region-wise, Indonesia exhibits a clear dominance in the market, owing to government support for the promotion of palm oil-based biodiesel.

Competitive Landscape

The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

  • Wilmar International Limited
  • Sime Darby Berhad
  • IOI Corporation Berhad
  • Astra Agro Lestari
  • Kuala Lumpur Kepong Berhad.
  • Golden Agri-Resources Ltd.

Key Questions Answered in This Report

  • How has the global edible oil market performed so far and how will it perform in the coming years?
  • What are the major product types in the global edible oil market?
  • How has the global palm oil market performed so far and how will it perform in the coming years?
  • What has been impact of COVID-19 on the global edible oil market?
  • What are the key regional markets in the market?
  • What are the major application segments in the market?
  • What are the price trends of palm oil?
  • What are the various stages in the value chain of the market?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the and who are the key players?
  • What is the degree of competition in the market?
  • What are the profit margins in the market?
  • What are the key requirements for setting up a palm oil manufacturing plant?
  • How is palm oil manufactured?
  • What are the various unit operations involved in a palm oil manufacturing plant?
  • What is the total size of land required for setting up a palm oil manufacturing plant?
  • What are the machinery requirements for setting up a palm oil manufacturing plant?
  • What are the raw material requirements for setting up a palm oil manufacturing plant?
  • What are the packaging requirements for palm oil?
  • What are the transportation requirements for palm oil?
  • What are the utility requirements for setting up a palm oil manufacturing plant?
  • What are the manpower requirements for setting up a palm oil manufacturing plant?
  • What are the capital costs for setting up a palm oil manufacturing plant?
  • What are the operating costs for setting up a palm oil manufacturing plant?
  • What will be the income and expenditures for a palm oil manufacturing plant?
  • What is the time required to break-even?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Edible Oil Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Production Volume Trends
5.2.2 Consumption Volume Trends
5.3 Market Breakup by Type
5.4 Market Forecast

6 Global Palm Oil Industry
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Analysis
6.4.1 Key Price Indicators
6.4.2 Price Structure
6.4.3 Price Trends
6.5 Market Breakup by Region
6.6 Market Breakup by Application
6.7 Market Forecast
6.8 SWOT Analysis
6.8.1 Overview
6.8.2 Strengths
6.8.3 Weaknesses
6.8.4 Opportunities
6.8.5 Threats
6.9 Value Chain Analysis
6.9.1 Raw Material Suppliers
6.9.2 Processors
6.9.3 Distributors
6.9.4 Exporters
6.9.5 Retailers
6.9.6 End-Consumers
6.10 Porter's Five Forces Analysis
6.10.1 Overview
6.10.2 Bargaining Power of Buyers
6.10.3 Bargaining Power of Suppliers
6.10.4 Degree of Competition
6.10.5 Threat of New Entrants
6.10.6 Threat of Substitutes
6.11 Key Market Drivers and Success Factors

7 Performance of Key Regions
7.1 India
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Indonesia
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 China
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 European Union
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Malaysia
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast

8 Market Breakup by Application
8.1 Household Cooking
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Food & Beverages
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Oleo Chemicals
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Personal Care
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Animal Feed
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Bio-fuel
8.6.1 Market Trends
8.6.2 Market Forecast

9 Competitive Landscape
9.1 Competitive Structure
9.2 Key Players

10 Palm Oil Manufacturing Process
10.1 Product Overview
10.2 Detailed Process Flow
10.3 Various Types of Unit Operations Involved
10.4 Mass Balance and Raw Material Requirements

11 Project Details, Requirements and Costs Involved
11.1 Land Requirements and Expenditures
11.2 Construction Requirements and Expenditures
11.3 Plant Machinery
11.4 Major Machinery Pictures
11.5 Raw Material Requirements and Expenditures
11.6 Raw Material and Final Product Picture
11.7 Packaging Requirements and Expenditures
11.8 Transportation Requirements and Expenditures
11.9 Utility Requirements and Expenditures
11.10 Manpower Requirements and Expenditures
11.11 Other Capital Investments

12 Loans and Financial Assistance

13 Project Economics
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Taxation and Depreciation
13.5 Income Projections
13.6 Expenditure Projections
13.7 Financial Analysis
13.8 Profit Analysis

14 Key Player Profiles

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Global Palm Oil Market