Palm Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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The global palm oil market reached a production volume of 73 Million Tons in 2017, registering a CAGR of 7% during 2010-2017. The market volume is further projected to reach around 96 Million Tons by 2023, expanding at a CAGR of nearly 5% during 2018-2023. Originated from West-Africa, palm oil refers to an edible vegetable oil procured 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 oils. Due to its unique chemical composition, palm oil has longer shelf-life, low price and reported 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.

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.


Palm Oil Market Trends 2018

Breakup by Application:

On the basis of application, the market has been categorised into foods, consumer products and energy. Amongst these, food products represent the largest segment for palm oil, accounting for more than two-thirds of the total market share. As palm oil is resistant to oxidation, it has longer shelf-life in comparison with other edible oils in the market.  

Regional Insights:

On a geographical front, India enjoys the leading position in the global palm oil market. Initiatives taken by the 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 popular 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    Research 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 Trend
     6.4    Market Breakup by Region
     6.5    Market Breakup by Application 
     6.6    Market Forecast
     6.7    SWOT Analysis
          6.7.1    Strengths
          6.7.2    Weaknesses
          6.7.3    Opportunities
          6.7.4    Threats
     6.8    Value Chain Analysis
     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
     7.2    Indonesia
     7.3    China
     7.4    European Union
     7.5    Malaysia
     7.6    Others
8    Market Breakup by Application
     8.1    Household Cooking
     8.2    Food & Beverages
     8.3    Oleo Chemicals
     8.4    Personal Care
     8.5    Animal Feed
     8.6    Bio-fuel
9      Competitive Landscape
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: Edible Oil Industry Overview
Figure 2: Global: Edible Oil Market: Production Trends (in Million Tons), 2010 - 2017
Figure 3: Global: Edible Oil Market: Consumption Trends (in Million Tons), 2010 - 2017
Figure 4: Global: Edible Oil Market: Breakup by Product Type (in %), 2017
Figure 5: Global: Edible Oil Market Forecast: Production Trends (in Million Tons), 2018 - 2023
Figure 6: Global: Edible Oil Market Forecast: Consumption Trends (in Million Tons), 2018 – 2023
Figure 7: Global: Palm Oil Industry Overview
Figure 8: Global: Palm Oil Market: Production Trends (in Million Tons), 2010 - 2017
Figure 9: Global: Palm Oil Market: Consumption Trends (in Million Tons), 2010 – 2017
Figure 10: Global: Palm Oil Market: Value Trends (in Million US$), 2010 & 2017
Figure 11: Global: Palm Oil Market: Price Trends (in US$/Ton), 2010 & 2017
Figure 12: Global: Palm Oil Market: Breakup by Region (in %), 2017
Figure 13: Global: Palm Oil Market Forecast: Production Trends (in Million Tons), 2018 - 2023
Figure 14: Global: Palm Oil Market Forecast: Consumption Trends (in Million Tons), 2018 – 2023
Figure 15: Global: Palm Oil Market Forecast: Value Trends (in Million US$), 2018 – 2023
Figure 16: Global: Palm Oil Industry: SWOT Analysis
Figure 17: Global: Palm Oil Industry: Value Chain Analysis
Figure 18: Global: Palm Oil Industry: Porter’s Five Forces Analysis
Figure 19: India: Palm Oil Market (in Million Tons), 2010, 2017 & 2023
Figure 20: Indonesia: Palm Oil Market (in Million Tons),2010, 2017 & 2023
Figure 21: China: Palm Oil Market (in Million Tons), 2010, 2017 & 2023
Figure 22: European Union: Palm Oil Market (in Million Tons), 2010, 2017 & 2023
Figure 23: Malaysia: Palm Oil Market (in Million Tons),2010, 2017 & 2023
Figure 24: Global: Palm Oil Market: Household Cooking Uses (in Million Tons),2010, 2017 & 2023
Figure 25: Global: Palm Oil Market: Food & Beverages Uses (in Million Tons),2010, 2017 & 2023
Figure 26: Global: Palm Oil Market: Oleo Chemicals Uses (in Million Tons),2010, 2017 & 2023
Figure 27: Global: Palm Oil Market: Personal Care Uses (in Million Tons),2010, 2017 & 2023
Figure 28: Global: Palm Oil Market: Animal Feed Uses (in Million Tons),2010, 2017 & 2023 
Figure 29: Global: Palm Oil Market: Bio-fuel Uses (in Million Tons),2010, 2017 & 2023 
Figure 30: Palm Oil Manufacturing Plant: Detailed Process Flow
Figure 31: Palm Oil Manufacturing Process: Conversion Rate of Products
Figure 32: Palm Oil Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 33: Palm Oil Industry: Profit Margins at Various Levels of the Supply Chain
Figure 34: Palm Oil Production: Manufacturing Cost Breakup (in %)


List of Tables

Table 1: Global: Edible Oil Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Edible Oil Market Forecast: Breakup by Type, 2018-2023
Table 3: Global: Palm Oil Market: Key Industry Highlights, 2017 and 2023
Table 4: Global: Palm Oil Market Forecast: Breakup by Region (in Million Tons), 2018-2023
Table 5: Global: Palm Oil Market Forecast: Breakup by Application (in Million Tons), 2018-2023
Table 6: Palm Oil Manufacturing Costs Related to Land and Site Development (in US$)
Table 7: Palm Oil Manufacturing Costs Related to Civil Works (in US$)
Table 8: Palm Oil Manufacturing Costs Related to Reception Station Unit (in US$)
Table 9: Palm Oil Manufacturing Costs Related to Steriliser Station Unit (in US$)
Table 10: Palm Oil Manufacturing Costs Related to Threshing Station Unit (in US$)
Table 11: Palm Oil Manufacturing Plant: Costs Related to Pressing Unit (in US$)
Table 12: Palm Oil Manufacturing Costs Related to Clarification Unit (in US$)
Table 13: Summary of Machinery Cost (in US$)
Table 14: Raw Material Requirements
Table 15: Costs Related to Salaries and Wages (in US$)
Table 16: Costs Related to Other Capital Investments (in US$)
Table 17: Details of Financial Assistance Offered by Financial Institutions
Table 18: Capital Costs (in US$)
Table 19: Techno-Economic Parameters
Table 20: Taxation and Depreciation
Table 21:Income Projections (in US$)
Table 22: Expenditure Projections (in US$)
Table 23: Cash Flow Analysis Without Considering the Income Tax Liability
Table 24: Cash Flow Analysis on Considering the Income Tax Liability
Table 25: Profit and Loss Account


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