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Sustainable Palm Oil Market Size, Share Global Analysis Report, 2019 - 2026
Sustainable Palm Oil Market By Type (Palm Kernel Oil, Crude Palm Oil, and Others), By End-User (Edible Oil, Cosmetics, Surfactants, Bio-diesel, and Others), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast 2019 - 2026
Industry Insights
[110+ Pages Report] According to the report published by Facts Factors, the global sustainable palm oil market size was worth around USD 15,778 million in 2019 and is predicted to grow to around USD 30,100 million by 2026 with a compound annual growth rate (CAGR) of roughly 9% between 2020 and 2026. The report analyzes the global sustainable palm oil market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the sustainable palm oil market.
The use of trusted tools by our analyst has helped them conclude the market size of the global sustainable palm oil market in terms of USD Million and volume in terms of Kilotons during the forecast timeframe. The report showcases the historic data from 2016 to 2019 along with the forecast data from 2019 to 2026. The market research study provides the market statistics and drivers that help the market expand in a graphical and theoretical pattern.
Our experts have used some of the best tools like Porter’s Five Forces, PESTEL analysis, and SWOT analysis to study market trends and challenges. These tools also help study each and every microscopic data that has an impact on market growth. The market-oriented study offers all the details such as mergers, joint ventures, market share, market statistics, emerging trends, challenges & opportunities, and new launches.
Key Insights from Primary Research
- As per our primary research, the lower cost of palm oil production along with the rising demand for palm oil across the globe will supplement the market growth during the forecast period.
- The rising production at the expense of tropical forests such as having a negative impact on some human communities and endangered species are likely to attract manufacturers to adopt sustainable palm oil strategies.
- In the U.S., the use of palm oil in cooking is low but its higher use in packaged products such as cosmetics, household cleaners, and ice creams exhibits the demand for sustainable palm oil across the globe.
- As per the experts, the growing awareness about sustainability to help maintain the supply of raw materials for the future is predicted to surge the market growth.
- Rising demand for palm oil in the various end-user industries will boost the sales of sustainable palm oil during the forecast period.
Key Recommendations from Analysts
- As per the analysts, sustainable palm oil is anticipated to make businesses profitable while not a negative impact on people or the environment.
- The multiple uses of various parts of the palm oil plant will further augment the demand of the Sustainable Palm Oil market during the forecast timeframe.
- Almost 70% of personal care products comprise of one or more palm oil derivatives, which is predicted to drive the market growth.
- The escalating demand for an alternative for the use of animal products and the low price of palm oil will profit the market.
- As per our experts, several promising policy initiatives taken up in Europe, China, and India, among others, helps promote Sustainable Palm Oil Market.
Market Attractiveness Analysis by Type Segment
Palm oil is a versatile and cheap form of vegetable oil that is extensively used across the globe. However, the growing supply and demand for palm oil have led to deforestation and community clashes in the tropical countries cultivating oil palms.
In addition to this, the growing demand for palm oil as a substitute for animal products used in personal care products including soap, detergents, shampoo, lotion, and others. Palm oils' low price is likely to make it the perfect alternative for other chemicals or animal products used in cosmetics, which will further supplement the growth of the global Sustainable Palm Oil market. The palm oil plant is also like the kalpavriksha that has every part including empty fruit bunches, palm fronds, palm fruit peels, and palm kernel shells used for various purposes.
Furthermore, the increasing application of sustainable palm oil in lipsticks, ice creams, soaps, detergents, food products, cosmetics and also in biofuel will help supplement the growth of the global Sustainable Palm oil market. However, the low awareness about the sustainable palm oil’s (SPO) existence is likely to impede market growth.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 15,778 Million |
Projected Market Size in 2026 |
USD 30,100 Million |
CAGR Growth Rate |
9% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
New Britain Palm Oil Limited, Sime Darby, Golden Agri-Resources Limited, Astra Agro Lestari, IOI Corporation Berhad, Cargill, and KUALA LUMPUR KEPONG BERHAD, and Others |
Key Segment |
By Type, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Based on type, the global Sustainable Palm Oil market is divided into Palm Kernel Oil, Crude Palm Oil, and Others. In terms of end-user, the market is segmented into Edible Oil, Cosmetics, Surfactants, Bio-diesel, and Others. Region-wise, the market for sustainable palm oil is categorized into North America, Asia Pacific, Latin America, the Middle East & Africa, and Europe.
Some of the key players in the global Sustainable Palm Oil market include
- New Britain Palm Oil Limited
- Sime Darby
- Golden Agri-Resources Limited
- Astra Agro Lestari
- IOI Corporation Berhad
- Cargill
- KUALA LUMPUR KEPONG BERHAD
The global Sustainable Palm Oil market is segmented into:
By Type
- Palm Kernel Oil
- Crude Palm Oil
- Others
By End-User
- Edible Oil
- Cosmetics
- Bio-diesel
- Surfactants
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
Key Pointers Addressed by the Report
- Historical data and forecast analysis of the market
- Drivers and Restraints affecting market dynamics
- Exhaustive analysis about the future market trends
- Comprehensive information about the leading market segments and region
- Strategic developments made by the competitive players and in-depth analysis about its impact on market growth
Table of Content
Industry Major Market Players
- New Britain Palm Oil Limited
- Sime Darby
- Golden Agri-Resources Limited
- Astra Agro Lestari
- IOI Corporation Berhad
- Cargill
- KUALA LUMPUR KEPONG BERHAD
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