Asia Pacific Palm Oil Market Size & Outlook, 2023-2030
Asia Pacific palm oil market, 2018-2030 (US$M)
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Asia Pacific palm oil market highlights
- The Asia Pacific palm oil market generated a revenue of USD 50,453.7 million in 2023.
- The market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, fractionated palm oil was the largest revenue generating product in 2023.
- Fractionated Palm Oil is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 50,453.7 million |
| Market revenue in 2030 | USD 73,483.2 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Fractionated palm oil |
| Fastest growing segment | Fractionated Palm Oil |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CPO, Palm Kernel Oil, RBD Palm Oil, Fractionated Palm Oil |
| Key market players worldwide | Archer-Daniels Midland Co, Wilmar International Ltd, SD Guthrie Bhd, Kuala Lumpur Kepong Bhd, United Plantation Berhad, PT Sampoerna Agro Tbk, Univanich Palm Oil PCL Units Non-voting Depository Receipts, PT Bakrie & Brothers Tbk Registered Shs Series -A- |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 71.6% of the global palm oil market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 73,483.2 million by 2030.
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Palm Oil Market Scope
Palm Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific palm oil market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to palm oil market will help companies and investors design strategic landscapes.
Fractionated palm oil was the largest segment with a revenue share of 39.28% in 2023. Horizon Databook has segmented the Asia Pacific palm oil market based on cpo, palm kernel oil, rbd palm oil, fractionated palm oil covering the revenue growth of each sub-segment from 2018 to 2030.
The growth in the region can be attributed to increasing palm oil demand from India and China, experiencing a rapid increase in population, and changing demographic trends. Growing number of small-scale food manufacturers is expected to drive the demand for palm oil in application segments such as convenience foods, bakery, and confectionery.
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Target buyers of Asia Pacific palm oil market databook
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Our clientele includes a mix of palm oil market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific palm oil market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific palm oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific palm oil market size, by country, 2018-2030 (US$M)
Asia Pacific Palm Oil Market Outlook Share, 2023 & 2030 (US$M)
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