North America and Europe Palm Derivatives Market Research Report – Forecast to 2028

North America & Europe Palm Derivatives Market Research Report: Information by Category (Conventional, Organic), by Type (Palm Oil, Palm Kernel Oil, Palm Kernel Cake), by Application (Food & Bev., Cosmetics & Personal Care, Biodiesel), by Region - Forecast till 2028

ID: MRFR/F-B & N/4881-CR | August 2018 | Region: Global | 107 Pages         

North America & Europe Palm Derivatives Market

The North America and Europe Palm Derivatives Market is anticipated to expand at a 10.67% CAGR from 2018 to 2028

Segmentation

By Category Conventional Organic
By Type Palm Oil Palm Kernel Oil Palm Kernel Cake
By Application Food & Bev Cosmetics & Personal Care Biodiesel

Key Players

  • Golden Agri-Resources Ltd. (Singapore)
  • Wilmar International Ltd. (Singapore)
  • Kulim (Malaysia) Berhad
  • IOI Corporation Berhad (Malaysia)
  • The Clorox Company (U.S.)
  • PT Astra Agro Lestari Tbk (Indonesia)
  • Sime Darby Berhad (Malaysia)
  • Tradewinds Plantation Berhad (Malaysia)
  • Cargill Inc. (U.S.)
  • London Sumatra Indonesia Tbk. (Indonesia)

Drivers

  • Focus on extracting raw material from organic sources
  • Sustainable development goals
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North America and Europe Palm Derivatives Market Scenario

Palm and its derivatives encompass palm oil, kernel oil, and palm kernel cake which will be used globally owing to its use in biodiesel and plant-derived fats. The North America and Europe Palm Derivatives Market is anticipated to expand at a 10.67% CAGR from 2018 to 2028 (forecast period), according to the latest report by Market Research Future (MRFR). The focus on extracting raw material from organic sources and sustainable development goals are likely to drive market growth.


The inclination of consumers towards bio-based chemicals and additives can inflate the North America and Europe Palm Derivatives Market size considerably till 2028. Increasing demand from the oleochemicals sector can boost market revenues. Acceptance of palm oil in the personal care sector and encouragement provided for cultivation of palm trees on a massive scale can provide growth opportunites for the market. But palm oil alternatives can pose a challenge to the market.


North America and Europe Palm Derivatives Market Report Overview


The report of the North America and Europe palm derivatives market covers the latest trends affecting it by providing the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts make highly astute projections regarding the scope of the market and its future prospects. MRFR’s report includes a thorough analysis of the market segmented by category, type, application, and region. Trends and opportunities are highlighted coupled with the market share of companies as well as their valuation in the market. It analyzes new revenue sources for players and outlines the various strategies implemented by players.


Segment Overview of North America and Europe Palm Derivatives Market 


Categories of palm derivatives in the market include organic and conventional. By type, the North America and Europe palm derivatives market is segmented into palm oil, palm kernel oil, and palm kernel cake. Major market applications of palm derivatives include food & beverages, cosmetics & personal care, biodiesel, and others.


The segments covered in the report are analyzed with respect to five major regions – North America, and Europe, with respective country-level market sizing. The definition and advantages of “palm derivative” is outlined in the report for a comprehensive understanding of the market. The report discusses in detail the various players and their respective strategies to enhance their value chain.


Competitive Landscape


Some of the players discussed in the North America and Europe palm derivatives market include Golden Agri-Resources Ltd. (Singapore), Wilmar International Ltd. (Singapore), Kulim (Malaysia) Berhad, IOI Corporation Berhad (Malaysia), The Clorox Company (U.S.), PT Astra Agro Lestari Tbk (Indonesia), Sime Darby Berhad (Malaysia), Tradewinds Plantation Berhad (Malaysia), Cargill Inc. (U.S.), and London Sumatra Indonesia Tbk. (Indonesia). Various strategies such as acquisitions, partnerships, joint ventures, novel product launches, and distribution agreements are used by these players to gain a major share in the market.


The report offers a comprehensive profile on ten market players and assesses their current standing in the market based on their performance and investment of capital in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, expansion techniques, and latest R&D initiatives are discussed in minute detail.


North America and Europe Palm Derivatives Market Research Methodology


By employing meticulous strategies, competent research analysts of Market Research Future (MRFR) collect information and study them extensively before predicting the future market size with a detailed listing of the relevant market segments. Interviews with prime decision makers of various trendsetting companies of the apposite market give the primary research much prominence. The secondary method includes a minute analysis of the present and the past trends to obtain a better grasp of the upcoming market scenario. To increase the precision of the obtained data, top-down & bottom-up approaches have been integrated into the system which gives a walk-through of the demand and supply equation. Furthermore, by adhering to credible resources such as annual reports, SEC filings, and white papers, our data analysts empower themselves with subtle comprehension of the germane product before proceeding to discuss market factors. The intent is to provide a holistic view of the sector by judging it against irreproachable parameters and enriching it with significant inputs.  


Analysis Period



  • Base Year - 2017

  • Projection Period - From 2018 to 2028

  • Market Denomination - USD Million

  • Conversion Rate - Considered as per the respective financial years


For the scope of research, the report offers a comprehensive analysis of the North America and Europe palm derivatives market.


Category



  • Conventional

  • Organic


Type



  • Palm Oil

  • Palm Kernel Oil

  • Palm Kernel Cake


Application



  • Food & Beverages

  • Cosmetics & Personal Care

  • Biodiesel

  • Others


Region



  • North America

    • The U.S.

    • Canada

    • Mexico





  • Europe

    • The U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe




Intended Audience of North America and Europe Palm Derivatives Market 



  • Palm Derivatives Manufacturers

  • Palm Oil Manufacturers

  • Biofuel Manufacturers

  • Food Manufacturers

  • E-commerce

  • Traders, Importers, & Exporters



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Global Palm Derivatives Market: Competitive Landscape


Cargill Inc., Wilmar International Ltd., Sime Darby Berhad, Golden Agri-Resources Ltd., and PT Astra Agro Lestari Tbk collectively accounted for the major market share of the global palm derivatives market in 2017. These companies continue to retain their strong global presence through acquisitions and geographical expansions.


In 2017, Cargill Inc. accounted for the major market share of the global palm derivatives market. The large share of the company is attributed to the high focus on R&D activities to enhance the quality of the end-product and to increase their production capacity. The company is also focusing on acquisitions to strengthen their business portfolio. For instance, in 2014 Cargill acquired Indonesian producer of palm oil, Poliplant Group to meet the rising demand for sustainable palm oil.


Wilmar International Ltd. held the second position in terms of market share, in 2017. The company focused on development activities in emerging markets like China, India, Indonesia, and Malaysia. The company focuses on enhancing their palm oil production capacity to strengthen its geographical foothold. For instance, in March 2018 The company partnered with Malaysian Palm Oil Certification Council (MPOCC) to attain industrial recognized status for 260 suppliers. Further, in November 2017, the company agreed to purchase edible oil facilities including palm oil refinery and a storage facility in Kuantan, Malaysia from Cargill.


Sime Darby Berhad acquired the third spot in the market. The company has a strategy of cementing its position as a leading integrated palm oil player for which the company is accelerating its replanting program and driving innovation to increase yields


Golden Agri-Resources Ltd. holds the fourth place in the market owing to the strategy of investing in research and development to invent new technologies to improve the productivity of oil palm operations sustainably. In April 2017, Sinar Mas Cepsa inaugurated its oleo-chemicals plant in Dumai, Indonesia, producing fatty alcohols from sustainably sourced palm kernel oil to strengthen their product portfolio in palm derivatives market.


There are many other players present in the market such as PT Astra Agro Lestari Tbk, IOI Corporation Berhad, London Sumatra Indonesia Tbk., Kulim (Malaysia) Berhad, Tradewinds plantation, The Clorox Company. The companies adopted the strategy of partnerships and R&D investments to solidify their position in the market. New product developments are also identified to be a key focus area for players.