Palm Kernel Oil Market: Global Industry Analysis and Forecast (2021-2027)

Palm Kernel Oil Market was valued at US $ 43.47 Bn. in 2020. Global Palm Kernel Oil Market size is estimated to grow at a CAGR of 4.8% during the forecast period. The market is expected to reach a value of US $ 60.36 Bn. in 2027.

Palm Kernel Oil Market Overview:

Palm Kernel Oil is also known as Elaeis guineensis. By the process of decontamination, Crude Palm Oil is raw & unprocessed palm oil, which is acquired from the red pulp of the palm fruit. Palm kernel oil is majorly used in preparing chocolate, butter, ice cream, and most bakery items. Palm kernel oil is also used in the cosmetic industry & commercial cooking. This oil is very cheaper and also known for its durability. The major end-user of this product are in farming, the industrial sector, cooking oil, and others. However crude palm oil is also produced with the help of farming and also owes to increase palm oil seeds. A soaking vegetable fat, palm kernel oil is gelatinous at room temperature, and also remains fixed in high cooking temperature. Palm kernel oil is also used to manufacture lotions, cosmetic creams, soaps, and others. With the usage of palm kernel oil, there is a huge demand for a meet product which also increases the market of palm kernel oil. Palm Kernel Oil Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s Market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Palm Kernel Oil Market Dynamics:

There is a wide usage of palm kernel oil in manufacturing for soap, cosmetic cream, milk lotion, which is the major factor for the growth of the palm kernel oil market. As there is high demand for cosmetic products in the market, the increase in usage of palm kernel oil is growing rapidly. Palm kernel oil is so reasonable in price, which creates a huge differentiation from other oil, thus an increase in usage of palm kernel oil is the common factor for driving the growth of the market. Various factors such as growing population, increase in demand for cosmetic products, arise in biofuel production are also anticipated for the growth of the palm kernel oil market. There is a wide usage of this oil in the food & beverage industry, due to the durability of the product & also cheaper. An increase in demand for cosmetic products in the young generation creates lucrative growth for the palm kernel oil market. There is a various chemical present in cosmetic products such as cream, body lotion which is so harmful to the human body. The government of India introduced a sustainable palm oil production program (SPOPP), to avoid plant assortment losses that are also affecting the growth of the palm kernel oil market. Rising awareness among cosmetic products creates a decline in sales of this product for the manufacturer, as result, there is a high risk of intoxication, various chemical exposure found in the human body, which is the major reason for restraining the palm kernel oil market. Huge demand for crude palm oil is a high treasury of tocotrienols is likely to give opportunity for palm kernel oil market. Most of the manufacturer focuses on merger & accretion which also increase the palm kernel oil market. The palm kernel oil price is so affordable mainly used for commercial cooking, creating an immense increase in the market. The market is expected to observe a huge rise in consumption of this product which came from the biodiesel sector, which is the major factor for the opportunity of palm kernel oil market. Palm cultivation may be needed appropriate climate conditions, in which sometimes it is unfavorable for the cultivation of kernel oil, this gives a major challenge to produce the product accordingly. Manufacturers are also looking for better alternatives for the cultivation process, and as result, the quality of the product is affected, due to this factor demand of the palm kernel oil market is also reduced. This gives a huge challenge to the palm kernel oil market. Palm Kernel Oil Market

Palm Kernel Oil Market Segment Analysis:

Based on by Product, the market is segmented as Primary Palm Kernel Oil & Fractionated Palm Kernel oil. The fractionated kernel oil segment is expected to hold the largest market share of xx% by 2027. This segment has significant supremacy among palm kernel oil which helps to drive the segment consequentially. The fractionated palm kernel oil method is used to divide the oils into different fat components, which gives supreme advantages to stagger the consumers into several ways. The major two-step follows in this segment are crystallization and filtration. During the process of crystallization, fatty acid fluxed at a different temperature, fragmenting the oil into the solid and liquid components. However, the filtration process divides the oil into liquid and solid palm thesaurus components. However, the Primary Palm Kernel Oil segment consists of acylglycerol, in which this component is present in a huge amount of composition. These components have been removed moderately for human consumption. The primary Palm Kernel Oil segment is expected to grow at a CAGR of xx% during the forecast period. Palm Kernel Oil MarketBased on by Application, the market is segmented as Edible oil, Biodiesel, Cosmetics, Lubricants, Surfactants, and others. The Edible oil segment held the largest market share of xx% in 2020 and is expected to grow at a CAGR of xx% during the forecast period. Edible oil is mainly used for the production of dairy products, butter, ghee, Ice-cream, and others. An increase in demand for dairy products may help to grow the Palm Kernel Oil market. Edible oil is mostly purified before its utilization so that it gives a better taste to consumers. Consumption of butter & ghee is creating lucrative growth for this product in the forecast period. However, the Biodiesel and Cosmetic segment is expected to grow at a CAGR of xx% during the forecast period. Biodiesel oils can be used to produce a variety of oils such as soybean oils, rapeseeds oils, etc. The demand for soybean oil is high as compared to others which are driving the Palm Kernel Oil market thoroughly. Cosmetic oil contributed to produce almonds, coconut, and other essential oils. Lubricating oil is used to reduce abrasion and heat components. Apart from this Surfactants oil reduced the surface tension between the liquid and solid which encompasses foamers and defoamers as well.

Palm Kernel Oil Market Regional Insights:

The Asia Pacific region is expected to dominate the Palm Kernel Oil market in the forecast period and is expected to hold share of xx% by 2027. There is a high growth for food and personal care products in this region. There is also increasing production of raw materials in this region which proportionally gives a lucrative growth for Palm Kernel Oil market. Due to the consciousness of the creation of chemicals in cosmetic products palm kernel oil is cheaper and expected to drive the market. The growth of the young population is increasing day by day in this region and their preference towards the cosmetic and edible oil products is so high which is expected to be the driving factor for the Palm Kernel Oil Product market as well. Palm oil is used all over the world and is majorly found in this region in various supermarkets giving several ranges of Palm Kernel Oil products such as sweets, baked foods, cereals, etc. However, the North American region is expected to grow at a CAGR of xx% during the forecast period. In this region, Palm Kernel Oil is used as a first-generation biofuel. It is also used for preventing several diseases such as cancer, brain disease, and others. Changing eating habits in various countries such as the U.S, Canada and Mexico are improving the economic condition for this region by using Palm Kernel Oil products. The objective of the report is to present a comprehensive analysis of the Palm Kernel Oil Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help understand the Palm Kernel Oil Market dynamic and structure by analyzing the market segments and projecting the Palm Kernel Oil Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Palm Kernel Oil Market make the report investor’s guide.

Palm Kernel Oil Market Scope: Inquiry Before Buying

Palm Kernel Oil Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US$ 43.47 Bn.
Forecast Period 2021 to 2027 CAGR: 4.8% Market Size in 2027: US$ 60.36 Bn.
Segments Covered: by Product • Fractionated Palm Kernel Oil • Primary Palm Kernel Oil
by Application • Edible Oil. • Biodiesel. • Cosmetics. • Lubricants. • Surfactants. • Others.

Palm Kernel Oil Market by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Palm Kernel Oil Market Key Players

• Golden Agri Resources Ltd. • Godrej agrovet ltd. • PT astra agro lestari tbk. • Cargill Inc. • United Palm oil industry Public company ltd. • Wilmar international ltd. • Sime Darby • Kulim bhd. • Musim Mas group. • Alami Group. • IOI Corp. • London Sumatra. • Bunge Limited. • AAK AB. • Korindo Group. Frequently Asked Questions: 1] What segments are covered in the Palm Kernel Oil Market report? Ans. The segments covered in the Palm Kernel Oil Market report are based on by Product and by Application. 2] Which region is expected to hold the highest share in the Palm Kernel Oil Market? Ans. The Asia Pacific region is expected to hold the highest share in the Palm Kernel Oil Market. 3] What is the market size of the Palm Kernel Oil Market by 2027? Ans. The market size of the Palm Kernel Oil Market by 2027 is US $ 60.36 Bn. 4] What is the forecast period for the Palm Kernel Oil Market? Ans. The Forecast period for the Palm Kernel Oil Market is 2020-2027. 5] What was the market size of the Palm Kernel Oil Market in 2020? Ans. The market size of the Palm Kernel Oil Market in 2020 was US $ 43.47 Bn.
1. Global Palm Kernel Oil Market Size: Research Methodology 2. Global Palm Kernel Oil Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Palm Kernel Oil Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Palm Kernel Oil Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Palm Kernel Oil Market Size Segmentation 4.1. Global Palm Kernel Oil Market Size, by Product (2020-2027) • Fractionated Palm Kernel Oil. • Primary Palm Kernel Oil. 4.2. Global Palm Kernel Oil Market Size, by Application (2020-2027) • Edible Oil. • Biodiesel. • Cosmetics. • Lubricants. • Surfactants. • Others. 5. North America Palm Kernel Oil Market (2020-2027) 5.1. Global Palm Kernel Oil Market Size, by Product (2020-2027) • Fractionated Palm Kernel Oil. • Primary Palm Kernel Oil 5.2. Global Palm Kernel Oil Market Size, by Application (2020-2027) • Edible Oil. • Biodiesel. • Cosmetics. • Lubricants. • Surfactants. • Others. 5.3. North America Palm Kernel Oil Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Palm Kernel Oil Market (2020-2027) 6.1. European Palm Kernel Oil Market, by Product (2020-2027) 6.2. European Palm Kernel Oil Market, by Application (2020-2027) 6.3. European Palm Kernel Oil Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Palm Kernel Oil Market (2020-2027) 7.1. Asia Pacific Palm Kernel Oil Market, by Product (2020-2027) 7.2. Asia Pacific Palm Kernel Oil Market, by Application (2020-2027) 7.3. Asia Pacific Palm Kernel Oil Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Palm Kernel Oil Market (2020-2027) 8.1. The Middle East and Africa Palm Kernel Oil Market, by Product (2020-2027) 8.2. The Middle East and Africa Palm Kernel Oil Market, by Application (2020-2027) 8.3. The Middle East and Africa Palm Kernel Oil Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Palm Kernel Oil Market (2020-2027) 9.1. Latin America Palm Kernel Oil Market, by Product (2020-2027) 9.2. Latin America Palm Kernel Oil Market, by Application (2020-2027) 9.3. Latin America Palm Kernel Oil Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Golden Agri Resources Ltd 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Godrej agrovet ltd. 10.3. PT astra agro lestari tbk. 10.4. Cargill Inc. 10.5. United Palm oil industry Public company ltd. 10.6. Wilmar international ltd. 10.7. Sime Darby 10.8. Kulim bhd. 10.9. Musim Mas group. 10.10. Alami Group. 10.11. IOI Corp. 10.12. London Sumatra. 10.13. Bunge Limited. 10.14. AAK AB. 10.15. Korindo Group.

About This Report

Report ID 82451
Category Food & Beverages
Published Date February 2021
Updated Date Dec 2021
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