Our comprehensive research on the Global Sustainable Palm Oil Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global sustainable palm oil market size was US$ 17,120 million in 2021. The global sustainable palm oil market is forecast to grow to US$ 44,117 million by 2030 by registering a compound annual growth rate (CAGR) of 10.9% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
Palm oil finds applications in myriad end-user industries, such as food and beverage, personal care and cosmetics, pharmaceuticals, etc. The rising demand for sustainable palm oil will drive the growth of the overall market during the study period. Furthermore, palm oil is also used as a transport fuel. Moreover, it is one of the essential components in the manufacturing of personal care products, which will drive the growth of the market.
The benefits of palm oil in food as it increases longevity and resists the oxidation will contribute to the growth of the global sustainable palm oil market during the forecast period.
Growing consumer awareness related to the advantages of palm oil will contribute to the market growth. In addition, palm oil is widely recommended to cure malaria, deficiency of vitamin A, aging, high blood pressure, brain disease, etc., which will boost the growth of the sustainable palm oil market in the coming years.
Regional Analysis
The Asia-Pacific sustainable palm oil market is forecast to emerge as the largest market for sustainable palm oil, owing to the contribution of Malaysia and Indonesia, which are the major producers of palm oil. Further, other countries such as Thailand, Nigeria, Columbia, and Ecuador will also significantly contribute to the growth of the sustainable palm oil market during the study period. In addition to that, the presence of some of the largest cosmetics, food & beverage, and pharmaceuticals industry, in the region will drive the demand for sustainable palm oil during the study period. Growing consumer awareness related to the health benefits of palm oil in the region will also benefit the sustainable palm oil market during the study period.
COVID-19 Impact Analysis
Throughout the COVID-19 pandemic period, the demand for pharmaceuticals and food products remained the same. However, demand for personal care products decreased drastically, which also affected the global sustainable palm oil market. Further, the shortage of laborers and lockdown restrictions hampered the production of sustainable palm oil, which affected the market. Industrial activities also stopped to an extent due to the challenges led by the pandemic, which impeded the growth of the sustainable palm oil market. Post-pandemic, the market for sustainable palm oil is forecast to witness significant growth potential due to the growing consumer focus on health.
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Competitors in the Market
• New Britain Palm Oil Limited
• Sime Darby
• Golden Agri-Resources Limited
• Astra Agro Lestari
• IOI Corporation Berhad
• Cargill
• KUALA LUMPUR KEPONG BERHAD
• Wilmer International Limited
• Kulim Berhad
• United Plantation Berhad
• SIPEF Group Belgium
• Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Sustainable Palm Oil industry experienced notable growth in its workforce. Starting in January, employment within the Sustainable Palm Oil sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Sustainable Palm Oil output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Sustainable Palm Oil output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Sustainable Palm Oil market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Sustainable Palm Oil market.
Market Segmentation
The global sustainable palm oil market segmentation focuses on Origin, Product Type, End-User, and Region.
By Origin
• Organic
• Conventional
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By Product Type
• Crude Palm Oil
• RBD Palm Oil
• Palm Kernel Oil
• Fractionated Palm Oil
By End-User
• Food & Beverage
• Personal Care & Cosmetics
• Biofuel & Energy
• Pharmaceutical
• Industrial
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Sustainable Palm Oil Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Sustainable Palm Oil Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Sustainable Palm Oil Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Sustainable Palm Oil Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Sustainable Palm Oil market revenues, extending projections until 2031. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Sustainable Palm Oil market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Sustainable Palm Oil business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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