Palm Oil & Palm Oil Derivatives Market, by Type (Palm Oil, Palm Kernel Oil, Palm Kernel Cake, Oleochemicals, & Others), by Application (Food, Biodiesel, Cosmetics, & Others), & by Region - Global Trends & Forecast to 2019
Palm oil & palm oil derivatives are typically found in foods, body products, cosmetics, and cleaning agents. Palm oil is the worlds most used vegetable oil, and global consumption is rising due to its cheap and efficient source of vegetable oil with many different uses. The oil palm tree is the most efficient producer of oil per hectare of cultivated land compared to other vegetable oil sources such as soybean, rapeseed, & ground nut.
Derivatives and fractions of palm oil and palm kernel oil have very widespread uses in the various industries such as food manufacture (for example in preservatives, antioxidants, sweeteners, and thickeners), in personal and health care products (for example shampoo and conditioner, hair sprays, and cosmetics) and in industrial products (for example lubricants, adhesives, insect repellents, paints, and inks). Palm oil and some of its derivatives can be used in the production of renewable fuels in the transport, power and heating and cooling sectors.
Palm kernel oil is the dominant source of the derivatives used, which are oil-derived fatty acids and materials derived from these acids by further processing, because generally the composition of the fatty acids derived more closely meets the product performance needs of customers than that of the fatty acids derived from palm oil itself. The supply chain for the processing and further processing steps carried out by multiple derivative producers to manufacture a large range of derivatives is highly complex.
Some of the major Palm oil & Palm oil Derivatives Market players are Cargill Inc. (U.S.), Wilmar International Ltd. (Singapore), Sime Darby (Malaysia), Golden Agri-Resources Ltd. (Singapore), PT Astra Agro Lestari Tbk (Indonesia), IOI Corp (Malaysia), London Sumatra (Indonesia), Kulim Bhd (Malaysia), and Tradewinds Plantation (Malaysia). In order to provide a deeper understanding of the competitive landscape, the report has profiled ten key players of the palm oil & palm oil derivatives market.
Palm Oil & Palm Oil Derivatives Market Share (Value), By Region, 2013
Source: Expert Interviews and MarketsandMarkets Analysis
This report has estimated the size of the palm oil & palm oil derivatives in terms of value ($million). In this report, the market has broadly been segmented on the basis of type, application, and regions. Market drivers, restraints, opportunities, and challenges; and raw material and product price trends have been discussed in detail. Share of participants in the overall market have been discussed in detail. The market has grown significantly in the last few years and this growth is projected to continue.
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Based on type, the market has been segmented as follows:
Palm Oil
Palm Kernel Oil
Palm Kernel Cake
Oleochemicals
Others (Olein, Palmolein, & Palm stearin)
Based on application, the market has been segmented as follows
Food
Cosmetics
Biodiesel
Others (Agrochemical, Personal care, and surfactants)
Based on region, the market has been segmented as follows:
North America
Europe
Asia-Pacific
Latin America
ROW (The Middle East and Africa)
Growth opportunities and latent adjacency in Palm Oil & Palm Oil