Global Palm Kernel Oil Market Size, Share, Trends Analysis, Growth 2023-2028

Global Palm Kernel Oil Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Palm Kernel Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global palm kernel oil market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global palm kernel oil market size reached US$ 14.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

Palm kernel oil, obtained from the seeds of oil palm trees, serves as a versatile vegetable oil across multiple industries. It boasts a harmonious blend of saturated and unsaturated fats, offering support in maintaining cholesterol levels within the healthy range when consumed in moderation. Additionally, it stands out as a robust source of vitamins A and E, acting as potent antioxidants that foster skin health and enhance the immune system. Thanks to its high smoke point, it proves excellent for frying and high-heat cooking, imparting a delightful flavor to culinary creations. Moreover, it has hair-friendly properties, such as minimizing protein loss, promoting growth, and preventing dandruff. In soap production, it plays a crucial role due to its abundant lauric acid content, resulting in rich lather and effective cleansing properties.

Global Palm Kernel Oil Market Trends and Drivers:

Presently, the surging demand for palm kernel oil, a pivotal ingredient in numerous processed food items, stands as a primary driver fostering a promising market outlook. Furthermore, evolving consumer tastes and the quest for convenience are accelerating the need for palm kernel oil as a medium for cooking and frying. Additionally, the increasing adoption of palm kernel oil in beauty and personal care products due to its moisturizing and skin-nourishing attributes presents attractive growth opportunities for industry stakeholders. Simultaneously, the growing awareness surrounding the use of natural and sustainable ingredients in cosmetics and personal care items is exerting a positive impact on the market. Moreover, the application of palm kernel oil in biofuel production, particularly in regions with abundant supply, is bolstering market expansion. Likewise, the escalating integration of palm kernel oil in the manufacturing of soaps, detergents, and candles is contributing to market growth. Beyond this, the growing emphasis among farmers on sustainable and eco-friendly agricultural practices is propelling market growth. Furthermore, the increasing consumer consciousness about health and wellness is driving a heightened preference for oils with balanced fatty acid profiles, including palm kernel oil.

Global Palm Kernel Oil Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: 

Astra Agro Lestari, Cargill Incorporated, Golden Agri Resources Ltd, IOI Corporation Berhad, Musim Mas, Sime Darby Plantation Berhad (Permodalan Nasional Berhad), United Palm oil Industry Public, and Wilmar International Ltd.

The report segmented the market on the basis of region, product and application.

Product Insights:

•    Fractionated Palm Kernel Oil
•    Primary Palm Kernel Oil

Application Insights:

•    Edible Oil
•    Cosmetics
•    Bio-diesel
•    Lubricants
•    Surfactants 

Regional Insights:

•    North America: (United States, Canada)
•    Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
•    Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
•    Latin America: (Brazil, Mexico, Others)
•    Middle East and Africa

Key highlights of the report:

•    Market Performance (2017-2022)
•    Market Outlook (2023- 2028)
•    Porter’s Five Forces Analysis
•    Market Drivers and Success Factors
•    SWOT Analysis
•    Value Chain
•    Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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