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Environmental Concerns Could Pose a Major Challenge to Palm Oil Market
The numerous use cases of products available in the palm oil market are well-known. However, the palm oil market is unfortunately connected to environmental concerns such as habitat degradation, deforestation, climate change, indigenous rights abuses, and animal cruelty. The World Wildlife Fund estimates that a rainforest area equal to 300 football fields is cleared every hour to produce palm oil. This rampant destruction of the planet’s flora can also drive much of its fauna into extinction. Studies have shown that at the present rate, the Orangutan has less than a decade and the Sumatran Tiger less than three. The palm oil market alone represents around a third of the global vegetable oil production but the impact of this on the rich bio-diversity of tropical regions can be extremely devastating. The palm oil market is anticipated to be worth almost US$ 28 billion in 2017 alone.
Processed Segment Much Larger than Virgin Segment in Palm Oil Market
The processed segment far outpaces its virgin counterpart in the palm oil market with a revenue share approaching three-fourths by product type. A CAGR of 4.1% for the period from 2017-2022 should help it reach a market value of just under US$ 20 billion in 2017. Europe alone contributes a third of the revenue share and it is projected to retain this share throughout the course of the forecast period. The virgin segment of the palm oil market is much smaller in comparison and is particularly attractive in two regions – Europe and APEJ. Key stakeholders would be advised to focus their attention on these for the maximum opportunities that exist in the palm oil market.
Food Processor Segment a Niche in the Palm Oil Market
A revenue share of slightly over a quarter in the palm oil market makes the food processor segment a relative minnow, especially when contrasted with the foodservice segment. However, it wouldn’t be wise to ignore a market opportunity of more than US$ 9 billion in 2022 and companies involved could devise customized market strategies to target this niche in the palm oil market.
Competition Dashboard in the Palm Oil Market
A few of the most prominent companies in the palm oil market are Cargill Inc., American Vegetable Oils, Grief Inc., Bunge Limited, Fuji Oil Holdings, Ruchi Soya Industries, and Associated British Foods.
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Table of Contents:
- Global Palm Oil Market - Executive Summary
- Global Palm Oil Market Overview 2.1. Introduction 2.1.1. Global Palm Oil Market Taxonomy 2.1.2. Global Palm Oil Market Definition 2.2. Global Palm Oil Market Size (US$ Mn) and Forecast, 2012-2022 2.2.1. Global Palm Oil Market Y-o-Y Growth 2.3. Global Palm Oil Market Dynamics 2.3.1. Drivers 2.3.2. Restraints 2.3.3. Trends 2.4. Supply Chain 2.5. Cost Structure 2.6. Pricing Analysis 2.7. Raw Material Sourcing Strategy and Analysis 2.8. List of Distributors 2.9. Key Participants Market Presence (Intensity Map) By Region
- Global Palm Oil Market Analysis and Forecast By Product Type 3.1. Global Palm Oil Market Size and Forecast By Product Type, 2012-2022 3.1.1. Processed Palm Oil Market Size and Forecast, 2012-2022 3.1.1.1. Revenue (US$ Mn) Comparison, By Region 3.1.1.2. Market Share Comparison, By Region 3.1.1.3. Y-o-Y growth Comparison, By Region 3.1.2. Virgin Palm Oil Market Size and Forecast, 2012-2022 3.1.2.1. Revenue (US$ Mn) Comparison, By Region 3.1.2.2. Market Share Comparison, By Region 3.1.2.3. Y-o-Y growth Comparison, By Region
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