Palm Oil Market: Global Industry Growth, Market Size, Market Share and Forecast 2020-2027
The global palm oil market size is anticipated to register a considerable CAGR of around 5% during the forecast period from 2021 to 2027. The increasing demand for the product from various industries and the increasing awareness regarding health benefits are some major factors to drive the market growth. The total oil and fat production is estimated to be 235.4 million tonnes in 2020 which is a decline of more than 2% due to the COVID-19 pandemic. Asia is accounted as a major consumer of oil and fats and holds a major market share of around 50% globally. Palm oil is accounted to hold a major market share of around 30% of global oil and fats and expected to grow over 4% annually.
The report titled "Palm Oil Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2021 – 2027" offers a holistic view of the Palm Oil industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Palm Oil market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Palm Oil Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Palm Oil Market Segmentation:
- Crude Palm Oil
- RBD Palm Oil
- Palm Kernel Oil
- Fractionated Palm Oil
- Food & Beverage
- Personal Care & Cosmetics
- Biofuel & Energy
- Industrial (Surfactants, Lubricants, etc.)
· North America
· Asia Pacific
· Latin America
· Middle East & Africa
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List of Key companies:
- IOI Corporation
- Sime Darby
- United Plantations Berhad
- Kuala Lumpur Kepong
- Asiatic Development
- London Sumatra
- Kulim Bhd
- IJM Plantations
Key Questions Answered by Palm Oil Market Report
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- number of employees and market concentration, among others
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