Industry Background:
The global Sustainable Palm Oil market is expected to witness high demand in the forecasted period due to growing applications in various industries. The vegetable oil that can be consumed safely is obtained from the extraction of the pulp of oil palms is palm oil. It is used for cooking and it can be used in high temperatures. palm oil is found in everything from snacks to household cleaners to cosmetics. To manufacture sustainable palm oil the rules and guidance of the roundtable on sustainable palm oil (RSPO) should be followed. Manufacturers can produce certified sustainable palm oil by following environmental and social criteria set by RSPO.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Cargill (United States), Sime Darby Plantation Sendirian Berhad (Malaysia), Golden Agri-Resources Limited (Singapore), Kulim Berhad (Malaysia), United Plantation Berhad (Malaysia), IOI Corporation Berhad (Malaysia), SIPEF Group (Belgium), Wilmer International Limited (Singapore) and Kuala Lumpur Kepong Berhad (Malaysia) |
According to AMA, the market for Sustainable Palm Oil is expected to register a CAGR of 4.6% during the forecast period to 2030. This growth is primarily driven by The Growing Food Industries across the World and High Demand due to Easy Availability and Low Cost.
Globally, a noticeable market trend is evident High Adoption for the Bakery Purpose
The Food Products sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Cargill (United States), Sime Darby Plantation Sendirian Berhad (Malaysia), Golden Agri-Resources Limited (Singapore), Kulim Berhad (Malaysia), United Plantation Berhad (Malaysia), IOI Corporation Berhad (Malaysia), SIPEF Group (Belgium), Wilmer International Limited (Singapore) and Kuala Lumpur Kepong Berhad (Malaysia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations.
Key Developments in the Market:
In November 2023, RSPO launched a new palm oil tracing system to trace the origin and environmental credentials of the commodity in response to demands by global buyers for proof of sustainability beyond certification.
In November 2023, KTC Edibles, the UK’s largest supplier of edible oils, launched Planet Palm – a new range of certified sustainable, traceable, and responsibly sourced palm oil products for bakery and food manufacturers in the UK.
Influencing Trend:
High Adoption for the Bakery Purpose and Increasing Adoption in the Cosmetic Industries
Market Growth Drivers:
The Growing Food Industries across the World and High Demand due to Easy Availability and Low Cost
Challenges:
The Stringent Government Regulation regarding the Food Products
Restraints:
the Growing Concern regarding Avalbiliy of the Substitutes
Opportunities:
High Opportunities from Developing Countries due to Growing Food and Beverages Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Sustainable Palm Oil Market
- Analysis about New Entrants in Sustainable Palm Oil Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Sustainable Palm Oil Study Sheds Light on
The Sustainable Palm Oil Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sustainable Palm Oil industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sustainable Palm Oil industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.