#Palm Oil Market Size & Share

[janetushar1]

Palm Oil Market to Hit $80.90 Billion by 2032

What's Trending in Palm Oil Market?

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The global Palm Oil Market was valued at USD 63.86 Billion in 2024 and it is estimated to garner USD 80.90 Billion by 2032 with a registered CAGR of 3% during the forecast period 2024 to 2032.

Firstly, the Market report for Palm Oil Market describes the current state of the companies and recommends where it is likely to go next. The report shows the production, revenue, price, market share, and growth rate of each type, mainly divided into Product Types and Product Applications etc.

Additionally, this market report focuses on offering key business measures such as real market moves, market size, qualities, and freedoms, as well as forecast opportunities. This Palm Oil Market report also offers distinctive insights into wealthy regions such as Europe, North America, the Middle East, Africa, and Latin America.

Get a Sample Copy of the Palm Oil Market Report at: https://www.vantagemarketresearch.com/palm-oil-market-1420/request-sample

Top Competitors:

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

This market report has all the information you need to start or grow your business in the industry. It also includes market drivers, restraints, competitiveness, and geographic estimates, as well as a price and emerging market structure. It is a complete description of a company's business model, benchmarks, consumer preferences, value proposition, and net profit. This comprehensive Palm Oil Market study also sheds light on key techniques that help companies truly assess their customers' buying behavior.

It represents global economic trends between 2024 and 2032. With the help of this market research, top companies can easily make smarter financial decisions. This market analysis is an excellent technique to help companies implement new products. It also includes critical data on major industry topics, including market expansions and evolving market conditions.

This well-researched Palm Oil Market report describes the negative impact COVID-19 is having on various companies and offers companies recommendations on how to recover from the damage suffered by the outbreak as well as the nationwide quarantine. The plan analyzes the company's expectations and priorities, as well as the delivery of all crucial data.

You Can Buy This Report From Here: https://www.vantagemarketresearch.com/buy-now/palm-oil-market-1420/0

This report analyzes key market segments by type, application, and geography. The geographic analysis section covers key regions such as Europe, North America, the Middle East, Africa, and the Asia-Pacific region.

This Palm Oil Market report not only provides valuable data but outlines key goals, pricing strategies, and approaches to help market participants' recommendations in this report will make accelerating economic growth easy. It offers some specific tips and business-related data to help new competitors in the market grow their businesses and diversify their product lines. Companies in the industry should choose tactics that include new product launches, mergers, and partnerships to survive in the competitive marketplace and strengthen their position.

Regional Analysis

-North America [United States, Canada, Mexico]

-South America [Brazil, Argentina, Columbia, Chile, Peru]

-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

-Middle East & Africa [GCC, North Africa, South Africa]

-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]

The quantitative information in this Palm Oil Market analysis helps predict future sales and market penetration. This type of information is based on statistics. The qualitative information provided here will greatly help the key players understand the buyer's opinion of your brand. Improving business goals becomes easy with the information provided in this report.

The industries can draw some conclusions about their original goals. In business. This Palm Oil Market research helps you make assumptions about your competition, customers, and the market in order to make informed business decisions. Additionally, it forecasts the competition in the market for the estimated period of 2024-2032. Effective decision-making in companies leads to business growth and is made possible by this precise market study.

Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/palm-oil-market-1420

Some of the Key Questions Answered in this Report:

Which are the five top players of the Palm Oil Market?

How will the Palm Oil Market change in the upcoming years?

Which product and application will take a share of the Palm Oil Market?

What will be the CAGR and size of the Palm Oil Market throughout the forecast period?

What are the drivers and restraints of the Palm Oil Market?

Which regional market will show the highest growth?

What is the current industry size, what will the market size be in 2030 and what will the growth rate be?

Who are the major competitors and what is their strategy?

What are the challenges to grow in the industry?

What are the market opportunities and challenges faced by the key vendors?

What are the barriers to entry for new players in the Palm Oil industry?

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[aarunresearcher]

United States palm oil market size is projected to exhibit a growth rate (CAGR) of 5.00% during ​2024-2032​. The escalating demand for processed cooking oils, along with the expanding middle class population, is primarily driving the market growth across the country.

[marketsndata]

[roshankumar7904800]

Palm Oil & Palm Oil Derivatives Market

Palm Oil & Palm Oil Derivatives Market Size, Share, Trends: Wilmar International Limited Leads

Increasing demand for sustainable and certified palm oil products drives market growth.

Market Overview: 

The Palm Oil & Palm Oil Derivatives Market is projected to grow at a CAGR of 6.8% from 2024 to 2031. The market value is expected to increase significantly during this period. Asia-Pacific is anticipated to be the dominant region in this market. Key metrics include increasing demand for vegetable oils in food applications, growing use of palm oil derivatives in various industries, and rising focus on sustainable palm oil production. The market is experiencing robust growth driven by the versatility of palm oil products and their cost-effectiveness compared to other vegetable oils.

The palm oil business is experiencing a tremendous shift towards sustainable and certified palm oil products. This trend is being driven by increased consumer knowledge of environmental issues, particularly the deforestation and biodiversity loss connected with palm oil extraction. Major food producers, retailers, and consumer products corporations are rapidly committed to procuring 100% certified sustainable palm oil (CSPO) in order to meet customer demand and comply with tightening requirements. According to the Roundtable on Sustainable Palm Oil (RSPO), global CSPO production will reach 17.6 million tonnes by 2022, accounting for around 19% of total palm oil production. This movement is altering supply chains, as businesses invest in traceability systems and sustainable farming techniques. For example, major palm oil producers in Indonesia and Malaysia are using cutting-edge technologies such as satellite surveillance and blockchain to assure supply chain transparency. The transition to sustainability is not only addressing environmental problems, but it is also creating new commercial opportunities for certified palm oil products, which might drive long-term market growth and innovation in sustainable production methods.

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Market Trends: 

The palm oil business is experiencing a tremendous shift towards sustainable and certified palm oil products. This trend is being driven by increased consumer knowledge of environmental issues, particularly the deforestation and biodiversity loss connected with palm oil extraction. Major food producers, retailers, and consumer products corporations are rapidly committed to procuring 100% certified sustainable palm oil (CSPO) in order to meet customer demand and comply with tightening requirements. According to the Roundtable on Sustainable Palm Oil (RSPO), global CSPO production will reach 17.6 million tonnes by 2022, accounting for around 19% of total palm oil production. This movement is altering supply chains, as businesses invest in traceability systems and sustainable farming techniques. For example, major palm oil producers in Indonesia and Malaysia are using cutting-edge technologies such as satellite surveillance and blockchain to assure supply chain transparency. The transition to sustainability is not only addressing environmental problems, but it is also creating new commercial opportunities for certified palm oil products, which might drive long-term market growth and innovation in sustainable production methods.

Market Segmentation: 

Crude Palm Oil (CPO) is expected to maintain its market dominance due to its widespread use as a raw material in a variety of sectors and low cost when compared to other vegetable oils. CPO is the primary product produced from oil palm fruits, and it serves as the foundation for many derivatives and processed products.

Recent industry developments have highlighted the growing importance of CPO in the global oils and fats market. In 2023, a major Southeast Asian palm oil producer announced plans to raise CPO production capacity by 20% over the next five years, citing rising worldwide demand, particularly from emerging markets in Asia and Africa. This growth demonstrates the sustained high demand for CPO as a flexible and cost-effective oil.

The CPO industry also benefits from technological developments in extraction and refining procedures. A recent study published in the Journal of Oil Palm Research found a unique extraction method that boosts CPO production by up to 10% while using less energy. This idea has aroused interest among palm oil factories trying to increase efficiency and profitability.

Market Key Players:

Wilmar International Limited

Sime Darby Plantation Berhad

IOI Corporation Berhad

Kuala Lumpur Kepong Berhad

Golden Agri-Resources Ltd

Cargill, Incorporated

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

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[kristinahertzz]

Vegetable Oils Market

Vegetable Oils Market Size, Share, Trends: Cargill, Incorporated Leads

Emerging Market Trends are Shaping the Future with Unprecedented Innovations

Market Overview:

The Vegetable Oils Market is projected to experience robust growth from 2024 to 2031, with Asia-Pacific leading the charge, accounting for a significant share of the global market. Key factors driving this growth include a rising demand for healthier cooking oils and increasing biofuel production. The global population's dietary preferences are evolving, with a greater emphasis on health-conscious choices and sustainable products.

The vegetable oils market is steadily expanding due to its versatility in various industries such as food processing, cosmetics, and biofuels. The increasing applications and benefits of vegetable oils are propelling market growth across multiple sectors. 

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Market Trends:

A major trend in the vegetable oils market is the rising demand for specialty and functional oils with enhanced nutritional properties. Consumers are increasingly seeking oils that offer specific health benefits, such as high omega-3 content, low saturated fat, or added vitamins. This trend is driving the development and production of oils from novel sources like algae, chia seeds, and avocado. For instance, avocado oil is gaining popularity due to its high monounsaturated fat and antioxidant levels. The food industry is integrating these specialty oils into a wide range of products, creating new opportunities for product differentiation and premium pricing.

Market Segmentation:

The palm oil segment leads the vegetable oils market, thanks to its versatility, high output, and cost-effectiveness. Palm oil is extensively used in food processing, personal care products, and biofuel manufacturing. Its high yield per hectare makes it an economically attractive option for producers.

Recent developments in the palm oil industry include efforts to ensure sustainable production. Major producers in Indonesia and Malaysia have implemented satellite monitoring systems to minimize deforestation, addressing key environmental concerns. Palm oil production is expected to reach 84 million metric tonnes by 2031, driven by demand in the food industry, which accounts for over 70% of global production. The Asia-Pacific region remains the largest producer and consumer of palm oil, with Indonesia and Malaysia leading the way.

Market Key Players:

Prominent players in the vegetable oils market include Cargill, Incorporated, Wilmar International Limited, Archer Daniels Midland Company, Bunge Limited, Louis Dreyfus Company B.V., and Olam International Limited. These key players dominate the market with their vast production capacities and global distribution networks, consistently driving innovation and setting industry standards.

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[blueweave8]

Asia Pacific Specialty Oleochemicals Market Insight, Trends, 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Asia Pacific Specialty Oleochemicals Market size by value at USD 17.22 billion in 2023.During the forecast period between 2024 and 2030, BlueWeave expects Asia Pacific Specialty Oleochemicals Market size to expand at a CAGR of 7.20% reaching a value of USD 27.43 billion by 2030. Asia Pacific Specialty Oleochemicals Market is driven by a rising demand for sustainable and bio-based chemicals in major industries, such as personal care, cosmetics, and pharmaceuticals. Increasing consumer awareness about eco-friendly products and stringent regulations on petrochemical-based alternatives boost market growth. Additionally, growing industrialization in emerging economies like China and India, coupled with advancements in production technologies, fuels market growth. Expanding applications in lubricants, surfactants, and food additives further drive the demand for specialty oleochemicals in the region.

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Opportunity – Favorable Government Policies

Government’s support for sustainable and eco-friendly products is a key driver of growth in Asia Pacific Specialty Oleochemicals Market. Favorable policies promoting the use of biodegradable and renewable resources, along with financial incentives for manufacturers, encourage the production of oleochemicals derived from natural sources like palm and coconut oils. Regulations restricting harmful chemicals and prioritizing green alternatives have also created strong demand, driving investment and innovation in the specialty oleochemicals sector.

Impact of Escalating Geopolitical Tensions on Asia Pacific Specialty Oleochemicals Market

Escalating geopolitical tensions across the regions could disrupt the supply chain of specialty oleochemicals by affecting raw material availability and trade routes. Import-export restrictions, fluctuating oil prices, and political instability can increase production costs, leading to higher product prices. Additionally, strained international relations may limit market access for certain countries, affecting demand. However, domestic production may expand as industries seek to reduce reliance on imports, potentially driving growth in local markets despite global uncertainties.

Personal Care & Cosmetics Application Segment Leads APAC Market

The personal care and cosmetics segment holds the largest share of Asia Pacific Specialty Oleochemicals Market by application, due to the growing preference for natural and sustainable components in products like skincare, haircare, and cosmetics. Consumers in the region are becoming more conscious of environmentally friendly and bio-based products, which, along with the rapid growth of the beauty and personal care industry, is fueling the segment’s expansion. The shift toward oleochemicals as a favored alternative to synthetic ingredients further drives its market dominance.

Competitive Landscape

Asia Pacific Specialty Oleochemicals Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Vantage Specialty Chemicals, Emery Oleochemicals, Evonik Industries, Wilmar International, Cargill, TerraVia Holdings, Inc., Kao Chemicals, Sinarmas Cepsa Pte Ltd, Global Green Chemicals, and Croda International PLC. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Asia Pacific Specialty Oleochemicals Market.

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BlueWeave Consulting & Research Pvt Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

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[industrynewsupdates]

Squalene Market Size, Key Companies, Trends, Growth and Forecast Report 2024 - 2030

The global squalene market size is expected to reach USD 307.9 million by 2030, expanding at a CAGR of 10.9% from 2024 to 2030, as per the new report by Grand View Research, Inc. The industry is majorly driven by rising health awareness among the masses and continuously rising demand for squalene in personal care and cosmetics. Squalene acts as an emollient and provides nourishment to the skin. Moreover, it finds application in pharmaceuticals due to its ability to act as an anti-cancer and anti-oxidant agent.

Squalene is now largely produced from plants. It can be obtained from vegan sources such as sugarcane, rice bran, wheat germ, palm trees, and olives, with olives being the most popular. Although many businesses prefer squalene derived from plants, there is still a possibility that it comes from animals. The demand for the product from shark liver oil is still in the market because of its low cost. In the cosmetics industry, products such as perfumes, lotions, eyeliners, and eye shadows, contain squalene in the range of 0.1% to 10%, whereas other products such as foundations and lipsticks contain 50% of the product.

The usage of synthetic and plant-based squalene has been motivated by the growing concerns over the extinction of sharks. To create squalene from plants or synthetic processing, manufacturers are engaged in research & development. A supplier of natural component products for the cosmetics market, Sophim, invested USD 11.94 million to increase its production capacity. Two-thirds of the company's investment is to be made in Spain, where a production facility is planned to be built to treble the amount of squalene that can be extracted from olive oil.

Gather more insights about the market drivers, restrains and growth of the Squalene Market

Detailed Segmentation:

Market Dynamics

The European Union has banned the use of shark oil-based products in the cosmetic industry, which has further forced manufacturers to focus on finding suitable alternatives for the product. Increasing concerns regarding the extinction of sharks have prompted use of plant-based and synthetically derived products. Its extraction has shifted towards plant-based oil that includes rice bran, amaranth olive, and others. About 65% of olive oil exports are produced, consumed, and exported by the European Union.

Source Insights

The plant segment dominated the market with a revenue share of over 82.3% in 2023. This is attributed to the declining population of sharks, increasing awareness among people regarding animal welfare and protection, and regulatory frameworks imposed by various governments for the protection of marine animals.

Plants are alternatives to sharks for extraction of the product as they can be grown and harvested sustainably. For example, the monkey Jack, or Artocarpus lakucha is an Asian plant that produces 10%-20% of its product, equivalent to its dry weight capacity. The product can also be extracted from its leaves having high purity.

End-use Insights

The personal care and cosmetics segment dominated the market with a revenue share of over 70.1% in 2023. The growth in this segment can be attributed to the usage of squalene in a variety of cosmetic products meant for skin care and hair care.

Squalene is used in a variety of cosmetic products meant for sun care, skincare, and hair care. Approximately 70-80% of the total product produced globally is consumed by the cosmetics industry. Multinational cosmetic companies such as L’Oréal, Unilever, and St. Botanica have already started to shift from shark liver oil-based to plant-based products for use in their personal care products and cosmetics owing to its exceptional properties, along with less extinction risk posed by them to sharks.

Regional Insights

Europe dominated the market with a revenue share of over 32.8% in 2023, followed by Asia Pacific region. This is attributed to large-scale production of olive oil, which is a major plant-based source of product, and increased demand for the product from major economies such as Germany, France, UK, Italy, and Spain, in the region.

As of 2023, Europe accounted for a significant share of olive oil production. Italy, France, and Spain are a few among nine producing member countries in the region. Spain accounts for more than half of the total area under olive groves in Europe. Squalene manufacturers in this region are switching to production of plant-based squalene from shark-based ones.

Browse through Grand View Research's Food Additives & Nutricosmetics Industry Research Reports.

• The global specialty ingredients market size was valued at USD 142.5 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. 

• The global carotenoids market size was valued at USD 1.48 billion in 2023 and is projected to grow at a CAGR of 3.5% from 2024 to 2030. 

Key Companies & Market Share Insights

The market is fragmented and competitive with presence of several players. Major players are clustered in European and North American regions, whereas several small players are clustered in Asia Pacific, mainly in India, China, and Japan, as the region offers easy access to shark liver oil and olive oil, which are essential raw materials for production of the product.

Partnership strategies have been adopted by the leading players in the market to enhance the reach of their products by leveraging the networks of acquired players and geographic availability. For instance, in May 2023 Amyris announced its partnership with Croda International Plc. in order to supply pharmaceutical-grade squalene in adjuvants to boost the immune response.

Key Squalene Companies:

• Amyris, Inc.

• Sophim SAS

• Henry Lamotte Oils GmbH

• efpbiotek

• Vestan Limited

• Kuraray Co., Ltd.

• Croda International Plc

• AASHA BIOCHEM

• Arbee

• Oleicfat, s.l.

• Kishimoto Special Liver Oil Co., Ltd.

Squalene Market Segmentation

Grand View Research has segmented the global squalene market report based on source, end-use, and region:

Squalene Source Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Animal

o Shark Liver Oil

o Other Animals

• Plants

o Amaranth Oil

o Olive Oil

o Rice Bran Oil Plants

o Other Amaranth Oil

o Synthetic

Squalene End-use Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Pharmaceuticals

• Personal Care & Cosmetics

• Nutraceuticals

• Food & Beverages

• Others

Squalene Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o France

o UK

o Italy

o Spain

o Russia

o Benelux

• Asia Pacific

o China

o India

o Japan

o South Korea

o Vietnam

o Thailand

o Indonesia

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o Saudi Arabia

o South Africa

Order a free sample PDF of the Squalene Market Intelligence Study, published by Grand View Research.

[industryforecastnews]

Plant-based Butter Market Size To Reach USD 3.72 Billion By 2030

 Plant-based Butter Market Growth & Trends

The global plant-based butter market is expected to reach USD 3.72 billion by 2030, exhibiting a CAGR of 6.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising awareness about the health risks associated with excessive consumption of animal fats has led many consumers to seek healthier alternatives, with plant-based butter seen as a more heart-friendly option. Environmental consciousness plays a significant role, as consumers increasingly recognize the lower carbon footprint and reduced resource consumption of plant-based products compared to their dairy counterparts. The growing prevalence of lactose intolerance and dairy allergies worldwide has expanded the market for dairy alternatives, including plant-based butter. Technological innovations in food science have dramatically improved the taste, texture, and functionality of plant-based butter, making it more appealing to a broader consumer base.

There's a growing demand for clean-label products, with consumers seeking options made from simple, recognizable ingredients. Manufacturers are responding by developing products with shorter ingredient lists and avoiding artificial additives. Another trend is the focus on functional ingredients, with plant-based butter incorporating nutrients like omega-3 fatty acids, vitamins, and minerals to appeal to health-conscious consumers. The market is also seeing a rise in premium and artisanal plant-based butter offerings, catering to consumers looking for gourmet experiences. Additionally, there's an increasing emphasis on sustainable packaging, with brands exploring eco-friendly alternatives to traditional plastic containers.

Recent developments in the market include significant product innovations and strategic moves by key players. Major food companies have been entering the market through acquisitions or launching their own plant-based lines, bringing substantial resources for research, development, and marketing. There's been a surge in new product launches featuring unique ingredient combinations, such as blends of different plant oils to achieve optimal taste and texture profiles. Some brands have introduced cultured plant-based butter, using fermentation processes to replicate the tangy flavor of traditional dairy butter.

For instance, in February 2022, Miyoko's Creamery, known for its plant-based dairy products, introduced its Organic Cultured Oat Milk Butter to Walmart stores across the U.S. This 12 oz. butter is crafted from whole-grain oat milk, sunflower oil, and coconut oil, providing an allergen-friendly spread. It is free from soy, cashews, gluten, lactose, and palm oil, meeting the needs of consumers with diverse dietary preferences. Moreover, it holds USDA Certified Organic status and is made without artificial colors or preservatives, emphasizing its commitment to natural ingredients.

On the technological front, advancements in food processing techniques have led to improved mouthfeel and meltability of plant-based butter, making them more comparable to dairy butter in cooking and baking applications. Some companies have also been exploring novel ingredients like algae or fermented oils to create more sustainable and nutritionally enhanced products.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/plant-based-butter-market-report

Plant-based Butter Market Report Highlights

Coconut butter represented 35.50% of revenue in 2023, favored for its creamy texture and mild flavor similar to traditional butter. Health benefits like medium-chain triglycerides (MCTs) enhance its appeal among health-conscious consumers, contributing to its market dominance.

Non-flavored plant-based butter held a 64.96% revenue share in 2023, prized for its versatility and ability to replicate the neutral, creamy taste of dairy butter. Its appeal lies in simplicity and authenticity, making it a preferred choice for cooking, baking, and spreading without altering dish flavors.

B2C sales accounted for 67.62% of revenue in 2023, driven by widespread availability in retail outlets like supermarkets and online platforms. Direct consumer access aligns with growing health consciousness, ethical considerations, and dietary preferences such as veganism, cementing B2C channels as the primary distribution choice.

North America dominated the market with over 34.58% revenue share in 2023, fueled by strong consumer demand for health-conscious and vegan options. Early adoption of food trends, established manufacturers, extensive retail networks, and supportive regulatory frameworks contribute to the region's market leadership.

Plant-based Butter Market Segmentation

Grand View Research has segmented the global plant-based butter market based on source, nature, distribution channel, flavor, and region.

Plant-based Butter Source Outlook (Revenue, USD Million, 2018 - 2030)

Almond

Oat

Soy

Coconut

Others

Plant-based Butter Nature Outlook (Revenue, USD Million, 2018 - 2030)

Organic

Conventional

Plant-based Butter Flavor Outlook (Revenue, USD Million, 2018 - 2030)

Flavored Butter

Non-Flavored Butter

Plant-based Butter Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

B2B

B2C

Plant-based Butter Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa

List of Key Players in the Plant-based Butter Market

Upfield

Miyoko’s Creamery

Conagra, Inc.

Califia Farms, LLC

Kite Hill

Ripple Foods, PBC

Elmhurst Buttered Direct, LLC

Milkadamia

Fora Foods

Naturli’ Foods A/S

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/plant-based-butter-market-report

[tamanna31]

Palm Oil 2024 Industry - Technologies, Applications, Verticals, Strategies & Forecast 2030

Palm Oil Industry Overview

The global palm oil market size was valued at USD 70.44 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2030. The market is driven by exponentially growing demand from the food, beverage, biofuel, energy, personal care, and cosmetics industries. Major manufacturers are in Asia Pacific region due to tease of availability of raw materials in region. Market is highly competitive as well as comprehensive in nature owing to presence of a large number of all scale players which try to gain a competitive edge over others with their high production, superior distribution networks,product quality, and various competitive strategies.

Gather more insights about the market drivers, restrains and growth of the Palm Oil Market

Indonesia is largest palm oil producer as well as exporter of the same. Country exports product globally. The government also supports cultivators of palm plant. It is a major source of income for many small and medium scale producers in region. The industry is majorly responsible for development and upliftment of cultivators in region.

Similarly, product has witnessed increasing demand from biofuel industry. It is used in production of biofuel which is further used as a sustainable alternative to crude oil in many applications such as engine oil. Biofuel industry is a budding industry with limited applications for now.

Although industry is expected to attain development as many players are involved in research and development of industry. As the industry will gain ground demand for palm oil from industry is expected to increase and drive product market.

Browse through Grand View Research's Renewable Chemicals Industry Research Reports.

The Middle East sea salt market size was estimated at USD 599.19 million in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030. 

The global chondroitin sulfate market size was valued at USD 1.29 billion in 2023 and is projected to grow at a CAGR of 3.6% from 2024 to 2030.

Global Palm Oil Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global palm oil market report based on nature, product, end-use and region:

Nature Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

Organic

Conventional

Product Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

Crude Palm Oil

RBD Palm Oil

Palm Kernel Oil

Fractionated Palm Oil

End-use Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

Food & Beverage

Personal Care & Cosmetics

Biofuel & Energy

Pharmaceuticals

Others

Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

North America

U.S.

Mexico

Canada

Europe

Germany

UK

France

Spain

Italy

Russia

Asia Pacific

China

India

Japan

South Korea

Malaysia

Indonesia

Central & South America

Brazil

Argentina

Colombia

Middle East & Africa

South Africa

Saudi Arabia

Turkey

UAE

Oman

Yemen

Kenya

Nigeria

Ghana

Egypt

Key Companies & Market Share Insights

The market has presence of multinational companies such as ADM and Wilmar International Ltd. which make market more competitive. Major players have acquired plantations or contracts with cultivators to ensure constant supply of raw materials.  Volatility in prices of raw material adversely affect profitability of product. For the same, in 2023, Nagaland government signed memorandum of understanding (MoU) with Patanjali Food palm oil cultivation.

The products manufacturers are engaged in continuous R&D activities, capacity expansion, mergers & acquisitions, and other strategies to gain a competitive advantage over others. For example, In November 2019, PT. Mahkota Group acquired a palm oil mill in South Sumatra, through subsidiary, PT Berlian Inti Mekar. This plant produces CPO based products such as cooking oil or olein and processing about 400 tons of palm kernel oil per day.

Key Palm Oil Companies:

ADM

Wilmar International Ltd.

Sime Darby Plantation Berhad

IOI Corporation Berhad

Kuala Lumpur Kepong Berhad

United Plantations Berhad

Kulim (Malaysia) Berhad

IJM Corporation Berhad

PT Sampoerna Agro, Tbk

Univanich Palm Oil Public Company Ltd.

PT. Bakrie Sumatera Plantations tbk

Asian Agri.

Order a free sample PDF of the Palm Oil Market Study, published by Grand View Research.

[neha24blog]

Palm Oil Market Scope By Nature, Product, End-Use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 14 Aug 2024: The Report Palm Oil Market Size, Share & Trends Analysis Report By Nature (Organic, Conventional), By Product (Fractionated Palm Oil, Crude Palm Oil), By End-use (Pharmaceuticals, Biofuel & Energy), By Region, And Segment Forecasts, 2024 – 2030 The global palm oil market size is expected to reach USD 100.4 billion by 2030, expanding at 5.1% CAGR from 2024 to 2030,…

[vantagemarketresearch]

Palm Oil Market Size to Hit $80.90 Billion By 2032

Washington, DC, United States: Vantage Market Research has recently added a new report on Palm Oil Market Report History and Forecast 2024-2032, Breakdown Data by Size, Share, Trends, Manufacturers, Challenges, Key Regions, Types and Application.

According to Vantage Market Research, the Global Palm Oil Market is estimated to be valued at USD 80.90 Billion by 2030 at an exponential growth rate of 3% in the next seven years.

The report offers comprehensive analysis and accurate statistics on revenue by the player for the period historic period 2018-2022. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the forecasted period 2024-2032. Details included are company description, major business, company total revenue and the sales.

Get a Sample PDF of this Report (Including Full TOC, List of Tables & Figures, Chart) @ https://www.vantagemarketresearch.com/palm-oil-market-1420/request-sample

Key Players Mentioned in the Global Palm Oil Market Research Report:

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

The report not only highlights the current competitive landscape but also offers insights into how it has evolved in the past and is expected to change in the upcoming years. It provides a profound understanding of the existing competitive dynamics in the global Palm Oil Market and offers expert analyses of potential future growth strategies that *** players can employ to fortify their market positions. Additionally, the Palm Oil Market report includes a detailed competitive leadership mapping and an in-depth competitive scenario analysis.

Table of Contents [TOC]

Report Overview: It includes the objectives and scope of the study and gives highlights of key Palm Oil Market segments and players covered. It also includes years considered for the research study.

Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the *** report.

Executive Summary: It covers *** trends with high focus on market use cases and top market trends, market size by regions, and global market size. It also covers market share and growth rate by regions.

Key Players: Here, the Palm Oil Market report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.

Breakdown by Product and Application: This section provides details about Palm Oil Market size by product and application.

Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of Palm Oil Market size by product and application, key players, and market forecast.

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.

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The research report is committed to giving its readers an unbiased point of view of the global Palm Oil Market. Thus, along with statistics, it includes opinions and recommendation of market experts. This allows the readers to acquire a holistic view of the global Palm Oil Market and the segments therein. The research report includes the study of the market segments on the basis of type, application, and region. This helps in identifying segment-specific drivers, restraints, threats, and opportunities.

Key Question Answered in Palm Oil Market Report

✅ What will be the estimated size of the Palm Oil Market in 2024?

✅ At what rate will the Palm Oil Market sales grow until 2032?

✅ Which are the factors hampering the Palm Oil Market demand?

✅ Which region will spearhead the growth in the global *** during 2024-2032?

✅ Which are the factors driving sales in the Palm Oil Market during the forecast period?

To Gain More Insights into the Market Analysis, Browse Summary of the Research Report @ https://www.vantagemarketresearch.com/industry-report/palm-oil-market-1420

Regional Analysis: -

→ North America (U.S., Canada, China) → Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe) → Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India) → Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

Reasons to Buy This Report:

✅ The report offers a detailed overview of the Palm Oil Market by defining, describing, and classifying it, providing valuable insights for stakeholders.

✅ It includes SWOT analysis and business plans of each vendor, enabling decision-makers to assess their strengths, weaknesses, opportunities, and threats.

✅ In-depth analyses of current market trends, trend forecasts, and growth factors empower stakeholders to make informed decisions and capitalize on Palm Oil Market opportunities.

✅ Thorough reviews of the vendor landscape, competitive analysis, and important market strategies offer actionable insights for gaining a competitive edge in the Palm Oil Market.

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[marketsndata]

Global Palm Kernel Fatty Acids Market Assessment, Opportunities, and Forecast, 2030

Global Palm Kernel Fatty Acids Market size was recorded at 7.39 million tons in 2022, which is expected to grow to 11.52 million tons in 2030 with a CAGR of 5.7% during the forecast period between 2023 and 2030. The prime growth trends boosting the revenue expansion of the palm kernel fatty acid market include increasing sanitization & hygiene needs from various end-use industries along with rising consumer preference towards organic materials deployment in cosmetics & personal care products.

The advent of the COVID-19 pandemic, increasing sanitization norms in industrial manufacturing facilities, and the rising consumer inclination towards home cleaning products are the key trends driving the adoption of cleaning products. Also, the growth of the personal care & cosmetics industry is attributed to variables such as increasing research & development activities, rising company targets for bio-based ingredients in cosmetics products, and robust sales from the online sales channel. As a result, recent trends such as the rising utilization of cleaning products and increasing adoption of natural ingredient cosmetics are fostering the demand for palm kernel fatty acid to ensure high Lauric content is propelling the market growth.    

Sample report- https://www.marketsandata.com/industry-reports/palm-kernel-fatty-acids-market            

Increasing Adoption of Palm Kernel Fatty Acids in Cleaning Products Supplements Market Growth 

Palm kernel fatty acid has superior cleaning agent properties. As a result, palm kernel fatty acid is ideal for cleaning products such as detergents, soaps, and surfactants to boost the foam. The changing lifestyle habits of people coupled with the rapid pace of urbanization is increasing awareness related to hygiene & sanitization products, which, in turn, is spurring the demand for cleaning products.

For illustration, according to the recent statistics published by the International Association for Soaps, Detergents and Maintenance Products (A.I.S.E.), in 2022, the European home cleaning products industry was valued at USD 35.9 billion (Euro 34.1 billion), representing a year-on-year growth rate of 5.2%. Likewise, the industrial cleaning sector in Europe was valued at USD 9.2 billion (EURO 8.7 billion), an annual growth rate of 19.1% in 2022. Henceforth, the rise in the production of cleaning products is fueling the demand for palm kernel fatty acid since it is a key ingredient in household and industrial cleaning products, this, in turn, is amplifying the market growth.

The Rise in the Deployment of Palm Kernel Fatty Acids in Cosmetics & Personal Care Products is Spurring the Market

The key benefits associated with palm kernel fatty acids include protection against harmful UV rays and enhanced vitamin E content in the skin. Thus, palm kernel fatty acid is ideal for cosmetics & personal care products such as shampoo, creams, and lotions for wrinkles & fine lines. The increasing demand for long-lasting skin hydrating creams, along with the rising regulations for toxic additives elimination in skincare products, are the prominent aspects driving the cosmetics & personal care industry growth. 

For instance, as of October 2023, L’Oréal S.A., a leading manufacturer of cosmetics & personal care products, employs palm kernel oil derivatives, including palm kernel fatty acids in products such as shampoo and skincare products. Hence, the increase in the deployment of palm kernel fatty acids in cosmetics & personal care products to ensure superior cleaning impact for the skin is a prime element augmenting the market growth.    

Asia-Pacific held the Dominant Share in the Palm Kernel Fatty Acid Market

The presence of prominent market players headquartered in the Asia-Pacific countries such as Malaysia, Thailand and India, the prospering investment opportunities in various end-use industries, the rise in the production of cleaning products, and the increase in the shift from chemical-based products to bio-based products are several major determinants proliferating the palm kernel fatty acid market growth.

For instance, according to the Chemicals and Petrochemicals Manufacturers’ Association (CPMA), in 2021-22, the production of synthetic detergent intermediates was 780 thousand tons, an increase of 6.0% compared to 2021. Therefore, the rise in the production of cleaning products in the Asia-Pacific region is fostering the demand for palm kernel fatty acid to ensure adequate cleaning functionality, thereby driving the market growth.         

Future Outlook Scenario

The increasing adoption of long-term sustainability targets in the metallurgy and chemical industry will boost the adoption of palm kernel fatty acids. For instance, BASF SE is targeting to increase the voluntary commitment to sustainable procurement of primary, intermediate products based on palm kernel oil and palm oil by 2025. Hence, the increasing sustainability norms will accelerate the adoption of palm kernel oil derivatives, including palm kernel fatty acids, this, in turn, will create a lucrative growth opportunity for the market in the upcoming years.

Robust demand growth for personal & hygiene products and the development of new manufacturing facilities will propel the demand for personal hygiene products in the long run. For instance, according to Invest India, an Indian government nodal agency, in 2022, the Indian personal care and hygiene industry was valued at USD 15.05 billion. It will reach USD 17.34 billion by 2026, representing a growth rate of 15.21%. Hence, the future anticipated revenue expansion of the personal care and hygiene sector will create a prominent palm kernel fatty acids growth outlook during the projected forecast period.

The recent investments in the food & beverage emulsifier manufacturing facilities will drive the adoption of palm kernel fatty acids in the future, thereby creating a vital potential for market growth. For instance, in June 2020, Palsgaard, a food emulsifier manufacturer in Denmark, invested USD 114.2 million (EURO 100 million) to double the production capacity of emulsifiers in Denmark by 2024.     

Palm Kernel Fatty Acids Market: Report Scope

��Palm Kernel Fatty Acids Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of palm kernel fatty acids market globally, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, future outlook scenario, opportunities and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/palm-kernel-fatty-acids-market

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