Global Palm Oil Market Analysis, Growth Drivers, Restraints and Opportunities till 2022

Palm oil is a product type of vegetable oil, extracted from the reddish pulp of palm oil fruits. For oil & gas industry, it is supplied as in the crude form that is without being refined or processed. In comparison with other types of vegetable oils, palm oil consumption provides benefits to its consumer such as improving energy levels, enhancing vision, maintaining hormonal balance and so on. It is also rich in antioxidants, beta-carotene and various nutrients including vitamin K, omega-3 & omega-6 fatty acids and several lipids. Food, cosmetic, detergents and chemical industry are the major end users of palm oil market. Two major types of palm oil are Crude Palm Oil (CPO) and Crude Palm Kernel Oil (CPKO).

Indonesia emerged as a major region for the palm oil market, due to increased consumption of palm oil by the population, growth in the regional palm oil manufacturers and increased palm oil planted area allotted by the government.

The global palm oil market is expected to grow with rising global population, increasing biofuels production, increasing fresh fruits bunches yields, accelerating economic growth and growing application in various markets. Key trends of this market includes rising demand for red palm oil, increasing sustainable palm oil production and growing shift towards palm crop transplanting.

However, there are some factors which can hinder growth of the market including consumption of soybean oil in developing countries, stringent regulations, weather uncertainties and retail consolidations.

The report “Global Palm Oil Market: Industry Analysis & Outlook (2018-2022)” provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers, key tends & developments and challenges of the market, covering Indonesia, Malaysia, India, Columbia and European Union along with the global market. The report profiles the key players of the market including Wilmar International Limited, PT Astra International, Tbk (AALI), Kuala Lumpur Kepong Berhad and IOI Corporation Berhad.