Latin America Palm Oil Market Size & Outlook, 2023-2030
Latin America palm oil market, 2018-2030 (US$M)
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Latin America palm oil market highlights
- The Latin America palm oil market generated a revenue of USD 4,622.1 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, fractionated palm oil was the largest revenue generating product in 2023.
- RBD Palm Oil is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Colombia is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 4,622.1 million |
| Market revenue in 2030 | USD 6,654.1 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Fractionated palm oil |
| Fastest growing segment | RBD 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, Latin America region accounted for 6.6% 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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Latin America 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 39.04% in 2023. Horizon Databook has segmented the Latin America 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 Central & South American market is led by Brazil and is anticipated to grow remarkably owing to the increasing demand for food & beverages and personal care & cosmetic products in the region. Constant changes in consumer trends and lifestyles are driving the growth of the personal care & cosmetics market.
Key players are focusing on novel technologies for producing natural and organic products so that they can easily adapt to the new trends and meet the consumer demands for healthy and nutritive products in the region.
The home care segment in Brazil is dominated by the soap & detergents market in terms of revenue. Consumers in the local areas are reluctant to purchase new products. According to the global cosmetics industry, more than 80% users of personal care products, especially skincare products in Brazil, prefer organic and natural ingredients.
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Our clientele includes a mix of palm oil market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America palm oil market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America palm oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America palm oil market size, by country, 2018-2030 (US$M)
Latin America Palm Oil Market Outlook Share, 2023 & 2030 (US$M)
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