Palm Oil Market
Palm Oil Market - Global Industry Assessment & Forecast
Segments Covered
- By Nature Outlook Organic, Conventional
- By Product Crude Palm Oil (CPO), Palm Kernel Oil (PKO), Fractionated Palm Oil (FPO), Red Palm Oil (RPO), Palm Olein, Other Products
- By End-Use Food Industry, Personal Care, Biofuel Industry, Pharmaceutical Industry, Cosmetics Industry, Animal Feed Industry, Other End-Uses
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 68.2 Billion |
Revenue 2030: | USD 95.32 Billion |
Revenue CAGR (2023 - 2030): | 4.9% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Palm Oil Market by Nature Outlook by Product by End-Use by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Data Triangulation and Market Size Estimations
FAQ
Frequently Asked Question
What is the global demand for Palm Oil in terms of revenue?
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The global Palm Oil valued at USD 68.2 Billion in 2022 and is expected to reach USD 95.32 Billion in 2030 growing at a CAGR of 4.9%.
Which are the prominent players in the market?
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The prominent players in the market are Wilmar International Ltd. (Singapore), Sime Darby Berhad (Malaysia), IOI Corporation Berhad (Malaysia), Astra Agro Lestari (Indonesia), Kuala Lumpur Kepong Berhad (Malaysia), Golden Agri-Resources Ltd. (Singapore).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 4.9% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Palm Oil include
- Significant growth in demand for the product from end-use industries
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Palm Oil in 2022.