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Palm Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global palm oil market reached a production volume of more than 77 Million Tons in 2018, registering a CAGR of 6.8% during 2011-2018. The market volume is further projected to reach 107.6 Million Tons by 2024, expanding at a CAGR of 5.7% during 2019-2024. Originated from West-Africa, palm oil refers to an edible vegetable oil produced from the mesocarp of the fruit of oil palm. It is the world’s highest yielding oil crop, with an output 5–10 times greater per hectare than other leading vegetable oil crops. Due to its unique chemical composition, palm oil has longer shelf-life, low price and offers a numbers of nutritional benefits. It is cholesterol-free, easy to digest, and rich in carotenoids as well as Vitamin A. Thus, palm oil has the ability to enhance energy levels, prevent premature ageing, improve eye vision, boost immune system, and reduce the risk of cancer and heart diseases.

Palm Oil Market Report

Global Palm Oil Market Drivers:

Expanding applications of palm oil in both edible and non-edible sectors remain the major growth-inducing factor for the market. On account of various health benefits provided by palm oil, it is considered suitable for a number of applications in the food industry. It contains 20-22% solid fats due to which palm oil is utilised in shortening, margarines and other fat products. It can also be combined with harder fat fractions in order to give them the required consistency without resorting to hydrogenation. Some of the other common palm oil products include cooking and frying oils, vegetable ghee, and non-dairy creamers. Rising awareness about these health benefits among the consumers is boosting the demand for palm oil worldwide. Further, palm oil is readily replacing petroleum-based products as an effective alternative for fossil fuels in transportation and energy industries. Apart from this, it is also employed as a substitute to mineral oil in power stations for energy production. Moreover, initiatives undertaken by several governments across the world to curb trans-fat consumption is envisaged to boost the market growth.

Breakup by Application:

Palm Oil Market By Application

On the basis of application, currently food applications account for the majority of total global market and are followed by non-food application

Regional Insights:

On a geographical front, India represented the largest consumer in the global palm oil market. Initiatives taken by the Indian government, such as cutting down the import duty, resulted in the low price of palm oil, thereby making it affordable for the consumers in the region. India is followed by Indonesia, China, European Union, Malaysia and Others.

Competitive Landscape:

The palm oil industry is concentrated in nature as it involves a large number of established manufacturers across the globe, with strong business interests and fundamentals across the entire supply chain. Some of the leading players operating in the market are:

  • Wilmar International
  • Sime Darby Berhad
  • IOI Corporation
  • Astra Agro Lestari
  • Kuala Lumpur Kepong Berhad
  • Golden Agri


This report provides a deep insight into the global palm oil industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a palm oil manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the palm oil industry in any manner.

Key Questions Answered in This Report:

  • How has the global edible oil market performed so far and how will it perform in the coming years?
  • What are the major product types in the global edible oil market?
  • How has the global palm oil market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global palm oil market?
  • What are the major application segments in the global palm oil market?
  • What are the price trends of palm oil?
  • What are the various stages in the value chain of the global palm oil market?
  • What are the key driving factors and challenges in the global palm oil market?
  • What is the structure of the global palm oil market and who are the key players?
  • What is the degree of competition in the global palm oil market?
  • What are the profit margins in the global palm oil market?
  • What are the key requirements for setting up a palm oil manufacturing plant?
  • How is palm oil manufactured?
  • What are the various unit operations involved in a palm oil manufacturing plant?
  • What is the total size of land required for setting up a palm oil manufacturing plant?
  • What are the machinery requirements for setting up a palm oil manufacturing plant?
  • What are the raw material requirements for setting up a palm oil manufacturing plant?
  • What are the packaging requirements for palm oil?
  • What are the transportation requirements for palm oil?
  • What are the utility requirements for setting up a palm oil manufacturing plant?
  • What are the manpower requirements for setting up a palm oil manufacturing plant?
  • What are the infrastructure costs for setting up a palm oil manufacturing plant?
  • What are the capital costs for setting up a palm oil manufacturing plant?
  • What are the operating costs for setting up a palm oil manufacturing plant?
  • What will be the income and expenditures for a palm oil manufacturing plant?
  • What is the time required to break-even?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
     2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
     2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

     4.1    Overview
     4.2    Key Industry Trends
5    Global Edible Oil Industry
     5.1    Market Overview
     5.2    Market Performance
          5.2.1 Production Volume Trends
          5.2.2 Consumption Volume Trends
     5.3    Market Breakup by Type
     5.4    Market Forecast 
6    Global Palm Oil Industry
     6.1    Market Overview
     6.2    Market Performance
          6.2.1 Volume Trends
          6.2.2 Value Trends
     6.3    Price Analysis
          6.3.1   Key Price Indicators
          6.3.2   Price Structure
          6.3.3   Price Trends
     6.4    Market Breakup by Region
     6.5    Market Breakup by Application 
     6.6    Market Forecast
     6.7    SWOT Analysis
          6.7.1    Overview
          6.7.2    Strengths
          6.7.3    Weaknesses
          6.7.4    Opportunities
          6.7.5    Threats
     6.8    Value Chain Analysis
          6.8.1    Raw Material Suppliers
          6.8.2    Processors
          6.8.3    Distributors
          6.8.4    Exporters
          6.8.5    Retailers
          6.8.6    End-Consumers
     6.9    Porter’s Five Forces Analysis
          6.9.1    Overview
          6.9.2    Bargaining Power of Buyers
          6.9.3    Bargaining Power of Suppliers
          6.9.4    Degree of Competition
          6.9.5    Threat of New Entrants
          6.9.6    Threat of Substitutes
     6.10    Key Market Drivers and Success Factors
7    Performance of Key Regions
     7.1    India
          7.1.1    Market Trends
          7.1.2    Market Forecast
     7.2    Indonesia
          7.2.1    Market Trends
          7.2.2    Market Forecast
     7.3    China
          7.3.1    Market Trends
          7.3.2    Market Forecast
     7.4    European Union
          7.4.1    Market Trends
          7.4.2    Market Forecast
     7.5    Malaysia
          7.5.1    Market Trends
          7.5.2    Market Forecast
     7.6    Others
          7.6.1    Market Trends
          7.6.2    Market Forecast
8    Market Breakup by Application
     8.1    Household Cooking
          8.1.1    Market Trends
          8.1.2    Market Forecast
     8.2    Food & Beverages
          8.2.1    Market Trends
          8.2.2    Market Forecast
     8.3    Oleo Chemicals
          8.3.1    Market Trends
          8.3.2    Market Forecast
     8.4    Personal Care
          8.4.1    Market Trends
          8.4.2    Market Forecast
     8.5    Animal Feed
          8.5.1    Market Trends
          8.5.2    Market Forecast
      8.6    Bio-fuel
          8.6.1    Market Trends
          8.6.2    Market Forecast
9     Competitive Landscape
      9.1   Competitive Structure
      9.2   Key Players
10   Palm Oil Manufacturing Process
     10.1    Product Overview
     10.2    Detailed Process Flow
     10.3    Various Types of Unit Operations Involved
     10.4    Mass Balance and Raw Material Requirements
11   Project Details, Requirements and Costs Involved
     11.1    Land Requirements and Expenditures
     11.2    Construction Requirements and Expenditures
     11.3    Plant Machinery
     11.4    Major Machinery Pictures
     11.5    Raw Material Requirements and Expenditures
     11.6    Raw Material and Final Product Picture
     11.7    Packaging Requirements and Expenditures
     11.8    Transportation Requirements and Expenditures
     11.9    Utility Requirements and Expenditures
     11.10    Manpower Requirements and Expenditures
     11.11    Other Capital Investments
12   Loans and Financial Assistance
13   Project Economics

     13.1    Capital Cost of the Project
     13.2    Techno-Economic Parameters
     13.3    Product Pricing and Margins Across Various Levels of the Supply Chain
     13.4    Taxation and Depreciation
     13.5    Income Projections
     13.6    Expenditure Projections
     13.7    Financial Analysis
     13.8    Profit Analysis
14   Key Player Profiles

 

List of Figures

Figure 1: Global: Palm Oil Market: Major Drivers and Challenges
Figure 2: Global: Edible Oil Market: Production Volume Trends (in Million Tons), 2011 - 2018
Figure 3: Global: Edible Oil Market: Consumption Volume Trends (in Million Tons), 2011 - 2018
Figure 4: Global: Edible Oil Market: Breakup by Type (in %), 2018
Figure 5: Global: Edible Oil Market Forecast: Production Volume Trends (in Million Tons), 2019 - 2024
Figure 6: Global: Edible Oil Market Forecast: Consumption Volume Trends (in Million Tons), 2019 - 2024
Figure 7: Global: Palm Oil Market: Production Volume Trends (in Million Tons), 2011-2018
Figure 8: Global: Palm Oil Market: Consumption Volume Trends (in Million Tons), 2011-2018
Figure 9: Global: Palm Oil Market: Value Trends (in Million US$), 2011 & 2018
Figure 10: Palm Oil Market: Price Structure (in US$/Ton)
Figure 11: Global: Palm Oil Market: Average Price Trends (in US$/Ton), 2011 - 2024
Figure 12: Global: Palm Oil Market: Production Breakup by Region (in %), 2018
Figure 13: Global: Palm Oil Market: Consumption Breakup by Region (in %), 2018
Figure 14: Global: Palm Oil Market: Breakup by Application (in %), 2018
Figure 15: Global: Palm Oil Market Forecast: Production Volume Trends (in Million Tons), 2019 - 2024
Figure 16: Global: Palm Oil Market Forecast: Consumption Volume Trends (in Million Tons), 2019-2024
Figure 17: Global: Palm Oil Market Forecast: Value Trends (in Million US$), 2019- 2024
Figure 18: Global: Palm Oil Industry: SWOT Analysis
Figure 19: Global: Palm Oil Industry: Value Chain Analysis
Figure 20: Global: Palm Oil Industry: Porter’s Five Forces Analysis
Figure 21: India: Palm Oil Market (in Million Tons), 2011 & 2018
Figure 22: India: Palm Oil Market Forecast (in Million Tons), 2019-2024
Figure 23: Indonesia: Palm Oil Market (in Million Tons), 2011 & 2018
Figure 24: Indonesia: Palm Oil Market Forecast (in Million Tons), 2019-2024
Figure 25: China: Palm Oil Market (in Million Tons), 2011 & 2018
Figure 26: China: Palm Oil Market Forecast (in Million Tons), 2019-2024
Figure 27: European Union: Palm Oil Market (in Million Tons), 2011 & 2018
Figure 28: European Union: Palm Oil Market Forecast (in Million Tons), 2019-2024
Figure 29: Malaysia: Palm Oil Market (in Million Tons), 2011 & 2018 
Figure 30: Malaysia: Palm Oil Market Forecast (in Million Tons), 2019-2024
Figure 31: Others: Palm Oil Market (in Million Tons), 2011 & 2018 
Figure 32: Others: Palm Oil Market Forecast (in Million Tons), 2019-2024
Figure 33: Global: Palm Oil Market: Household Cooking Uses (in Million Tons), 2011 & 2018
Figure 34: Global: Palm Oil Market Forecast: Household Cooking Uses (in Million Tons), 2019-2024
Figure 35: Global: Palm Oil Market: Food & Beverages Uses (in Million Tons), 2011 & 2018
Figure 36: Global: Palm Oil Market Forecast: Food & Beverages Uses (in Million Tons), 2019-2024
Figure 37: Global: Palm Oil Market: Oleo Chemicals Uses (in Million Tons), 2011 & 2018
Figure 38: Global: Palm Oil Market Forecast: Oleo Chemicals Uses (in Million Tons), 2019-2024
Figure 39: Global: Palm Oil Market: Personal Care Uses (in Million Tons), 2011 & 2018
Figure 40: Global: Palm Oil Market Forecast: Personal Care Uses (in Million Tons), 2019-2024
Figure 41: Global: Palm Oil Market: Animal Feed Uses (in Million Tons), 2011& 2018  
Figure 42: Global: Palm Oil Market Forecast: Animal Feed Uses (in Million Tons), 2019-2024  
Figure 43: Global: Palm Oil Market: Bio-fuel Uses (in Million Tons), 2011 & 2018  
Figure 44: Global: Palm Oil Market Forecast: Bio-fuel Uses (in Million Tons), 2019-2024  
Figure 45: Palm Oil Manufacturing: Detailed Process Flow
Figure 46: Palm Oil Manufacturing: Conversion Rate of Feedstocks
Figure 47: Palm Oil Manufacturing: Breakup of Capital Costs (in %)
Figure 48: Palm Oil Industry: Profit Margins at Various Levels of the Supply Chain
Figure 49: Palm Oil Production: Manufacturing Cost Breakup (in %)


List of Tables

Table 1: Global: Edible Oil Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Palm Oil Market: Key Industry Highlights, 2018 and 2024
Table 3: Global: Palm Oil Market Forecast: Breakup by Region (in Million Tons), 2019-2024
Table 4: Global: Palm Oil Market Forecast: Breakup by Application (in Million Tons), 2019-2024
Table 5: Global: Palm Oil Market: Competitive Structure
Table 6: Global: Palm Oil Market: Key Players
Table 7: Palm Oil Manufacturing Costs Related to Land and Site Development (in US$)
Table 8: Palm Oil Manufacturing Costs Related to Civil Works (in US$)
Table 9: Palm Oil Manufacturing Costs Related to Reception Station Unit (in US$)
Table 10: Palm Oil Manufacturing Costs Related to Steriliser Station Unit (in US$)
Table 11: Palm Oil Manufacturing Costs Related to Threshing Station Unit (in US$)
Table 12: Palm Oil Manufacturing Plant: Costs Related to Pressing Unit (in US$)
Table 13: Palm Oil Manufacturing Costs Related to Clarification Unit (in US$)
Table 14: Palm Oil Manufacturing Plant: Summary of Machinery Cost (in US$)
Table 15: Palm Oil Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (in US$/Ton)
Table 16: Palm Oil Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 17: Palm Oil Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 18: Palm Oil Manufacturing Plant: Details of Financial Assistance Offered by Financial Institutions
Table 19: Palm Oil Manufacturing Plant: Capital Costs (in US$)
Table 20: Palm Oil Manufacturing Plant: Techno-Economic Parameters
Table 21: Palm Oil Manufacturing Plant: Taxation and Depreciation (in US$)
Table 22: Palm Oil Manufacturing Plant: Income Projections (in US$)
Table 23: Palm Oil Manufacturing Plant: Expenditure Projections (in US$)
Table 24: Palm Oil Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 25: Palm Oil Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)

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