Palm Oil Global Strategic Business Report 2024 - Edible Palm Oil to Benefit from the Growing Aversion to GMO-based Oils

Dublin, April 02, 2024 (GLOBE NEWSWIRE) -- The "Palm Oil - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Palm Oil estimated at US$79.3 Billion in the year 2023, is projected to reach a revised size of US$117.9 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2023-2030.

Crude Palm Oil, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$63.8 Billion by the end of the analysis period. Growth in the Palm Kernel Oil segment is estimated at 6.2% CAGR for the next 8-year period.

The Palm Oil market in the U.S. is estimated at US$3.1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$13.9 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Key Market Trends & Drivers

• Food Industry: Most Important Application Market for Palm Oil
• Growing Awareness about Saturated Fatty Acids & Omega-6 in Vegetable Oils Augurs Well Palm Oil Market
• Market Benefits from the Rising Health Consciousness and Increasing Awareness about Nutritional Benefits of Palm Oil
• Population Growth and Surging Popularity of Convenience Foods Bodes Well for Palm Oil Market
• Edible Palm Oil to Benefit from the Growing Aversion to GMO-based Oils
• Rise of the Vegetarianism & Customization to Local Tastes
• Expanding Industrial Applications Elevate Demand for Palm Oil
• Biodiesel: The New Growth Avenue for Palm Oil
• Average Biofuel Yields of First Generation Feedstock
• Palm Oil Emerges as a Popular Feedstock for Biodiesel Production
• Favorable Blend Mandates Set to Enhance Palm Oil Demand in Biofuel Sector
• Growing Prominence of Sustainable Palm oil to Accelerate Market Demand
• Initiatives Supporting the Development of a Sustainable Palm oil Industry
• RSPO's Novel Initiatives Aim to Resolve Biodiversity & Sustainability Issues Prevalent in Palm Oil Industry
• Leading Producers of Palm Oil Worldwide: Approximate Percentage Share of Production of RSPO
• High Crop Yield: A Major Factor Promoting Market Expansion
• Advanced Equipment & Approaches Come to the Fore to Boost Palm Oil Production & Processing
• Remote Sensing Technologies to Potentially Revolutionize Oil Palm Industry
• Using Drones for in Oil Palm Farming
• Electrical Cutters in Place of Bulky Mechanical Equipment
• Novel DNA-based Method for Early Identification of High Yielding Palm Trees
• Research Highlights Need for Improving Ergonomics for Palm Harvesters
• List of Common Ailments Associated with MSDs and Risk Factors in Terms of Tasks and Movements
• Impact of Recent Palm Oil Price Surge on Deforestation

Major Issues & Challenges Confronting the Palm Oil Market

• Environmental Concerns Remain Major Impediment
• Various Strategies to Address Environmental Issues
• Protectionist Methods Adopted by Developed Nations
• Scarcity of Cultivable Land: A Major Challenge
• Stiff Competition from Soybean & Other Vegetable Oils
• Palm Oil and Cholesterol Controversy
• Insect Cooking Oil as an Alternative to Palm Oil

The report features profiles of 120+ featured companies. A selection of companies in the report includes:

• AAA Oils & Fats Pte Ltd. , A subsidiary of Apical Group
• Archer Daniels Midland Company
• AAK AB
• Agropalma Group
• 3F Industries Ltd.
• Alami Vegetable Oil Products Sdn. Bhd.
• Alnor Oil Company
• Anglo-Eastern Plantations PLC
• Asian Agri
• BLD Plantation Bhd.
• Agroindustrial Palmasa S/A
• ANJ
• Andira Agro
• AgriSmart
• Boto Farms Limited

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Economic Update
• Palm Oil - Global Key Competitors Percentage Market Share in 2023 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• An Introduction to Palm Oil
• Chemical Composition & Features
• Development & Growth
• A Note on Oil Palm Cultivation
• Global Market Prospects & Outlook
• Food Industry: Largest End-Use Market
• Developing Regions Constitute Primary Palm Oil Markets
• Competition
• Ranking of Leading Producers of Sustainable Palm Oil
• Leading Palm Oil Traders with Zero Deforestation Commitment: Ranked in Order of Number of Zero Deforestation Policies Implemented
• World Brands
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Key Applications of Edible Palm Oil
• Fatty Acid Profiles of Major Cooking Oils - Butter, Olive, Coconut, Palm, Safflower, Corn, Soybean, and Canola
• Population Growth and Surging Popularity of Convenience Foods Bodes Well for Palm Oil Market
• World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
• Average Biofuel Yields of First Generation Feedstock
• RPSO-Certified Palm Oil by Source Country
• Global Oil Yield (Tons per Hectare) for Major Oilseed Crops

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

• United States
• Canada
• Japan
• China
• Europe
• France
• Germany
• Italy
• United Kingdom
• 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
• United Arab Emirates
• Rest of Middle East
• Africa

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/f1vy8t

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• Palm Oil Market