"Market Intelligence that Adds Flavour to Your Success"

Palm Oil Derivatives Market Size, Share and Global Trend By Type (RBD Palm Oil, RBD Palm Olein & Stearin, Oleochemicals, Palm Kernel Fatty Acid Distillates, Palm Kernel Meal, Others), By Application (Food, Cosmetics & Personal Care, Pharmaceuticals, Biofuel, Animal Feed, Other Applications) and Geography Forecast 2021-2028

Region : Global | Report ID: FBI101440 | Status : Ongoing

 

KEY MARKET INSIGHTS

The global market for palm oil derivatives is driven by its functional superiority, itsfavorable composition and its application across foods such as confectionery, dairy, supplements, etc. The raw material for these derivatives is also abundantly available. Nearly 60-65% of the palm oil consumed globally is in the form of derivatives. The per hectare oil production from palm is one of the highest as compared to other vegetable oil sources.


Processing of olein and stearin yield the derivatives which are utilized as an ingredient in the bakery, margarine, confectionery, cooking oils, emulsifiers, as well as snack foods. Derivatives of palm kernel oil are used in cosmetics as well as in confectionery and margarine.


The unsustainable palm oil production taking place on a rampant scale presents a major impediment to the growth of the market. The pricing and demand dynamics of palm oil is significantly affected by its large environmental footprint. Additionally, the growing popularity of palm oil alternatives in the developed markets of Europe is restraining the growth of palm oil derivatives.


To gain extensive insights into the market, Request for Customization

  


Palm oil – a vegetable oil that is so ubiquitous that it is one of the most consumed edible oils, the palm oil has emerged as a suitable material/substrate bases for many manufacturing companies owing to its versatility and flexibility apart from conferring functions and benefits. Palm oil derivatives are further obtained by refining of palm oil. The market for palm oil derivatives holds immense significance because almost 60-65% of palm-oil consumption in the global marketplace is in the form of derivatives.  


Key Players Covered


Major market players performing in global palm oil derivatives market include Cargill, Wilmar International Ltd., Golden Agri-Resources Ltd., London Sumatra, BASF, and Astra Agro Lestari. Companies such as BASF are embarking on the sustainability of palm oil derivatives by making conscious efforts to transfer its full line of offerings to certified sustainable palm oil.


Segmentation






















 ATTRIBUTE


 DETAILS

By Type




  • RBD Palm Oil

  • RBD Palm Olein & Stearin

  • Oleochemicals

  • Palm Kernel Fatty Acid Distillates

  • Palm Kernel Meal

  • Others



By Application




  • Food

  • Cosmetics & Personal Care

  • Pharmaceuticals

  • Biofuel

  • Animal Feed

  • Other Applications



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa and Rest of MEA)



Crude palm oil and palm kernel oil remain leading derivatives in the global marketplace due to their superior functionality, these derivatives are known to exhibit a high degree of process-ability by which they can be blended into various formulations resulting in a wide range of products with different characteristics. The strong utilization of this derivative in processed food and foodservice channels is expected to boost their demands during the forecast period.


The other derivatives such as olein and stearin exhibit wide application spectrum spanning across food and beverage, cosmetics, and animal feed sectors. Glycerine is extensively utilized in cosmetics application wherein it acts as a humectant, thickener, and binding agent in lotions and creams. L’Oréal accounts for the consumption of 0.1% of the global palm oil production.


Palm oil derivatives are an economical feedstock for the production of biofuel/biodiesel, the growth forecast for which is expected to drive the consumption of these derivatives. The biodiesel plants across Southeast Asia and Europe are known to utilize these derivatives efficiently and more than half of all the palm oil imported into Europe is utilized as fuel.


Regional Analysis


North America and Europe are leading regional markets for palm oil derivatives owing to their robust consumption scenario. Cosmetics and personal-care application is expected to witness higher consumption growth for palm oil derivatives in these region. 


The rising demand from different application sectors is fuelling the consumption of palm oil derivatives in these regions. The value-addition coupled with low cost of production is further complimenting their market growth.


Indonesia and Malaysia are the two major global hotspots in palm oil production. The Asia Pacific as a region also has a two leading market in term of palm oil consumption – India and China. Nonetheless, the per capita consumption of palm oil and its derivatives in these countries remain far below to that of developed western markets. Food processing industry of these emerging markets is expected to play a key role in driving the future consumption of palm oil derivatives.


Key Industry Developments



  • In December 2018, Wilmar International announce some changes to its sustainability policy and the company will no longer procure palm oil from suppliers found to violating its policy. The Wilmar International is key player in the palm oil industry and supplies 40% of the world palm oil.

  • In March 2019, Sime Darby announced plans to increase its refining capacity of 3.8 million tonnes a year by expanding existing plants and via new refineries in key markets India and China. The expansion plans include doubling capacity at its 330,000 tonnes Malaysian edible oils and fats refinery, and at its 60,000 tonnes domestic biodiesel refinery.


Palm Oil Derivatives Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

RMIT
Daesang
Kpmg
Owens
Samyang

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X