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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Alfa Laval AB, Book and Claim Ltd., Godrej and Boyce Manufacturing Co. Ltd., IOI Corporation Berhad, Kuala Lumpur Kepong Berhad, Oil Palm India Ltd., PepsiCo Inc., Sime Darby Plantation Berhad, Sinar Mas., and Unilever Group are some of the major market participants. The scarcity of cultivable land will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Palm Oil Market 2021-2025: Segmentation
Palm Oil Market is segmented as below:
- Application
- Edible Oil
- Surfactants
- Bio-diesel
- Others
- Geography
- APAC
- MEA
- Europe
- North America
- South America
By application, the edible oil segment generated maximum revenue in the market in 2021. The increasing use of palm oil as cooking oil, especially in Asian countries is driving the growth of the segment. Also, the low percentage of unhealthy trans-fats and affordable pricing are contributing to the growth of the segment.
By geography, APAC will generate maximum growth opportunities in the market. The region currently holds 68% of the global market share. The increasing consumption of palm oil in hotels and restaurants is driving the growth of the palm oil market in APAC. Also, the use of palm oil as an alternative to mineral oil in power stations for energy production is fueling the regional market growth. Indonesia, India, China, Pakistan, and Malaysia are the key markets for palm oil in APAC.
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Palm Oil Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Palm Oil Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Palm Oil Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Palm Oil Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist palm oil market growth during the next five years
- Estimation of the palm oil market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the palm oil market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of palm oil market vendors
Related Reports:
Olive Oil Market by Application and Geography - Forecast and Analysis 2021-2025
Organic Edible Oil Market by Product and Geography - Forecast and Analysis 2021-2025
Palm Oil Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 6.12% |
Market growth 2021-2025 |
USD 24.76 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.46 |
Regional analysis |
APAC, MEA, Europe, North America, and South America |
Performing market contribution |
APAC at 68% |
Key consumer countries |
Indonesia, India, China, Pakistan, and Malaysia |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Alfa Laval AB, Book and Claim Ltd., Godrej and Boyce Manufacturing Co. Ltd., IOI Corporation Berhad, Kuala Lumpur Kepong Berhad, Oil Palm India Ltd., PepsiCo Inc., Sime Darby Plantation Berhad, Sinar Mas., and Unilever Group |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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