Palm Oil Derivatives Market Analysis & Forecast 2024-2030

Global Palm Oil Derivatives Market is expected to reach USD 28151.12 million by 2030 with CAGR of 7.1% between 2024 and 2030

Overview

The palm oil is an edible vegetable oil obtain from pulp of the fruit of the oil palms. Palm oil is reddish in color. The reason behind reddish in color is of a high beta-carotene content. Palm oil hold saturated and unsaturated fats. Derivatives of palm oil can be modified through complex chemical conversion processes. This build derivatives such as ten sides and emulsifiers that can be used in detergents and cosmetics. Palm oil is the world’s most versatile raw materials. Palm oil used for preventing cancer, aging, brain disease and vitamin A deficiency. Palm oil is also used to treat high blood pressure, high cholesterol and malaria. In short we can say that palm oil used as medicine. It is used for increasing the metabolism of body and for losing the weight. Palm oil is also used in food for frying and it is also an ingredient in many processed foods. The main advantage of palm oil is stability at high cooking temperature. Red palm oil has a number of skin benefits. The important varieties that are used in the production of palm oil are American palm oil and African palm oil.  

The palm oil derivatives market size may increase significantly over the forecasted timeframe. About sixty percent of the palm oil derivatives are consumed globally. Before four years back, Global palm oil market generated over USD sixty billion. Due to environmental concerns toward surfactants, cosmetics and bio-based lubricants may stimulate palm oil derivatives market size. Palm oil derivatives from fatty acid are used to manufacture water treatment products, cosmetics, bactericides and pharmaceuticals. In market, there are many competitors for palm oil derivatives which are as follows: Veolia, croda, Cargill, London Sumatra, Sarawak energy, Kubota Corporation etc. Previous African countries and Latin America may witness increasing manufacturing capabilities owing to availability of cultivable land and favorable condition of climate which may attract more companies and stimulate palm oil derivatives market. The key industry contributors are raising focus on strategically placing their products across diverse regions based on customer preferences. Multinationals are also taking interest in expanding their product portfolio to be able to cater to a broader market. Enlarging application of palm oil in both edible and non-edible areas remain the major growth inducing factors for the market. Some of the other palm oil products include frying and cooking oils, non-dairy creamers and vegetable ghee. Increasing awareness about these health benefits among the consumers is boosting the demand for palm oil worldwide.  

Product type & Competitive analysis

On the basis of the product type, the palm oil derivatives are spilt into three grades: food grade, cosmetic grade and industrial grade. Food products use different fractions and derivatives of palm oil. Palm oil in food is very healthy for the health of the person as it prevent cancer, brain disease, malaria etc. Palm oil not contain in food grade only but it also contain in cosmetics, which help prevent disease. Palm oil is also used in cosmetics, the cosmetics which is used for face, hair, and body also contains the palm oil. There is strong scope of palm oil in the food and beverages industry. The palm oil are used in various grade of the industries. Textile industry owing to emulsifying softeners, scouring agents, wetting agents and dispersants properties should fuel product demand.  

Application & Regional analysis

On the basis of application, palm oil derivatives are deeply used in food, biodiesel, cosmetics and personal care. Edible oil is one of the dominant application scopes which is raising globally. Palm oil derivatives are used personal care products such as hair spray, shampoo and conditioners. Palm oil derivatives increase in personal care and cosmetics industry is likely to drive the fatty acid market size growth. The raising usage of biodiesel in power and fuel generation application may propel biodiesel demand. Raising energy needs have shifted customer preference from gasoline to bio-based fuel. Strong governmental regulations have encouraged bio-based lubricants and surfactants consumption.  

On the basis of geographical analysis, palm oil derivatives are divided into several regions which are as follows: China, Japan, South Korea, Taiwan, India, Southeast Asia, and Australia. The Asia Pacific, operated by India, Japan, Malaysia and China palm oil derivatives market size may witness significant acquire owing to rise in animal feed and cosmetic and personal care industry. Malaysia is the largest exporter and India is the largest importer. The free trade agreement between Malaysia and other countries for import and export business will drive regional industry growth. Firms are focusing toward product development along with advancement in technological will drive regional growth.  

 

Palm Oil Derivatives Market: Product Type

• Food Grade
• Cosmetic Grade
• Industrial Grade

Palm Oil Derivatives Market: Application

• Food
• Biodiesel
• Cosmetics
• Personal Care
• Surfactants

Palm Oil Derivatives Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Palm Oil Derivatives Market:

• Croda
• Kubota Corporation
• Felda Holdings
• Sarawak Energy
• Veolia
• The Clorox Company
• Cargill
• Alami Group
• Wilmar International
• London Sumatra

Geographical analysis of Palm Oil Derivatives Market:

• North America
  • U.S.A
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Palm Oil Derivatives Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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