Palm Oil Market

An extract of the Palm tree fruit, palm oil is one of the major edible oils consumed globally. Its low competitive price is one of the key factors influencing the consumption pattern. India, Indonesia and China are the major consumers of palm oil. Increasing demand from the emerging economies is going to be the major contributor to the palm oil industry in the future.

Along with consumption, palm oil is also a prominent category with respect to production. Its share in the production of vegetable oils globally is attributed mainly to its high yield, high profitability and high land efficiency. Thus, in spite of having minimal amount of land under palm plantation, it contributes to the largest production amongst all types of vegetable oils. Globally, palm oil market relies on Indonesia and Malaysia for worldwide production. As the consuming regions do not contribute much to the production, much of the requirements are met through trade. Predominantly young tree population, increasing yields and expanding acreage means that the growth prospects in Indonesia are promising in comparison to those in Malaysia.

In terms of application, although Food sector comprises of 80% of the market share, non-food areas are becoming increasingly important. The trend away from petroleum-based products has meant growing demands for palm oil in usage in Soaps, Detergents, Surfactants, Cosmetics, Pharmaceuticals, Nutraceuticals and other similar products. Biofuels are also driving the growing demand for palm oil.

The Palm Oil Market research report analyzes the global palm oil industry in terms of its production, consumption, global trade and its prices. Focusing primarily on its major producers (Indonesia and Malaysia) and consumers (India and China), the report discusses the key drivers, restraints, opportunities and issues related to the industry. The major players profiled in this report are ADM, USA; Alami Group, Malaysia; Boustead Group, Mlaysia; California Oil Corp, USA; Carotino Group, Malaysia; Dekel Oil, Cyprus; Fuji Vegetable Oils Inc, USA; Genting Plantations, Malaysia; Golden Agri Resources Ltd, Singapore; Intercontinental Specialty Fats, Malaysia; IOI Group, Malaysia; Kempas Edible Oil Sendirian Berhad, Malaysia; Kuala Lumpur Kepong Berhad, Malaysia; MM VitaOils Sdn Bhd, Malaysia; Musim Mas Group, Indonesia; PT Astra Agro Lestari Tbk, Indonesia; PT Indofood Sukses Makmur Tbk, Indonesia; Siat Group of Companies, Belgium; Sime Darby Plantations, Malaysia; United Palm Oil Industry Public Company Limited, Thailand; Univanich Palm Oil Public Company Limited, Thailand; Wilmar International, and to name a few, encompassing their financials and strategies for future growth.