Palm oil is one of the world's most produced and consumed oils. This cheap, production-efficient and highly stable oil is used in a wide variety of food, cosmetic and hygiene products, and can be used as source for bio-fuel or biodiesel. Most palm oil is produced in Asia, Africa and South America because the trees require warm temperatures, sunshine and plenty of rain in order to maximize production.
Global production of palm oil will increase to 62.88 million tons in 2017, and the production is expected to reach to 72.95 million tons in 2022, at a CAGR (Compounded Annual Growth Rate) of 3.02% between 2017 and 2022. Indonesia and Malaysia have still the largest production of palm oil.
In the long term, global palm oil demand shows a tendency to increase as the world total population is growing and therefore increasing the consumption of palm oil-based products. India and China will be still the largest consumption of palm oil.
The export volume is huge for palm oil industry. Indonesia and Malaysia are the main exporters.
Although sales of palm oil brought a lot of opportunities, the study group recommends the new entrants must consider adequately the probable risks before entering the industry.
The global Palm Oil market is valued at 40200 million US$ in 2018 is expected to reach 60300 million US$ by the end of 2025, growing at a CAGR of 5.2% during 2019-2025.
This report focuses on Palm Oil volume and value at global level, regional level and company level. From a global perspective, this report represents overall Palm Oil market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Felda Global Ventures
Sime Darby Berhad
Astra Agro Lestari
Indofood Agri Resources
Golden Agri Resources
Segment by Regions
Segment by Type
Crude Palm Oil
Segment by Application