市場調查報告書
商品編碼
1347147
棕櫚油的全球市場 (2016-2030年):類型·栽培·用途·終端用戶產業·各地區的機會及預測Palm Oil Market Assessment, By Type, By Cultivation, By Application, By End-use Industry, By Region, Opportunities, and Forecast, 2016-2030F |
全球棕櫚油市場規模預計將從 2022 年的 588 億美元成長到 2030 年的 817 億美元,預測期內複合年增長率為 4.2%。
隨著世界人口的不斷增長和經濟的擴張,對食用油的需求持續增長,棕櫚油被廣泛應用於多種食品中。此外,政府推動包括棕櫚油在內的生物燃料一體化的努力也賦予了該行業新的重要性。為了減少對化石燃料的依賴並減少二氧化碳排放,棕櫚油作為再生能源的潛力正在吸引政策制定者和各行業的注意。
由於不可預測的天氣和疾病爆發,全球棕櫚油市場面臨供應波動。除了人們對森林砍伐、種植條件惡化以及棕櫚油生產的道德問題日益擔憂之外,棕櫚油行業還受到其他石油供應、貿易規則和不可預測的貨幣價值變化的影響。添加了元素。然而,RSPO(永續棕櫚油圓桌會議)等倡議正在累積巨大動力,為市場前景帶來正面影響。
本報告提供全球棕櫚油的市場調查,彙整市場定義和概要,市場規模的轉變·預測,各種區分·各地區的詳細分析,產業結構,影響市場成長因素的分析,案例研究,競爭情形,主要企業簡介等資訊。
Global palm oil market size was valued at USD 58.8 billion in 2022, which is expected to grow to USD 81.7 billion in 2030, with a CAGR of 4.2% during the forecast period, between 2023 and 2030. The upsurge in global population and economic expansion propels an ever-mounting appetite for edible oils, with palm oil emerging as a pervasive component within a wide spectrum of food products. Additionally, governmental endeavors to foster the integration of biofuels, including those sourced from palm oil, have introduced an additional stratum of significance to this sector. In a collective endeavor to diminish dependence on fossil fuels and abate carbon emissions, the potential of palm oil as a renewable energy resource has garnered the rapt attention of policymakers and various industries.
The global palm oil market faces fluctuations in supply due to unpredictable weather and disease outbreaks. The market is affected by the availability of other oils, trade rules, and changes in currency values along with growing apprehensions concerning deforestation, habitat degradation, and the ethical dimensions associated with palm oil production, all adding a layer of unpredictability to the palm oil industry. However, initiatives such as the Roundtable on Sustainable Palm Oil (RSPO) have garnered substantial momentum contributing to a positive market outlook.
Palm oil serves as a vital feedstock in biodiesel production, a renewable energy source that holds significant promise in the global pursuit of sustainable alternatives to fossil fuels. The utilization of palm oil as a primary ingredient in biodiesel formulation has gained traction, driven in large parts by government policies and incentives aimed at advancing the adoption of renewable energy sources.
For instance, in a bid to decrease its reliance on imported diesel fuel in the face of soaring global energy costs and to curb emissions, Indonesia, the largest global palm oil producer has taken the significant step of increasing the mandatory palm oil blend in biodiesel. Since February 2023, the required blending ratio of palm oil in biofuel has been elevated from 30% to a new benchmark of 35%. Government initiatives like these towards biofuel development drive the demand for palm oil globally.
Growing concerns about the decrementing environmental and social impacts associated with palm oil production have significantly altered the industry landscape. Deforestation, habitat destruction, and human rights violations have cast a shadow on conventional palm oil practices, prompting a widespread call for change. This shift in public sentiment has created a heightened demand for palm oil that is sourced and produced in a manner that mitigates these negative consequences.
In response to these concerns, certification programs like the Roundtable on Sustainable Palm Oil (RSPO) have emerged as vital mechanisms for driving responsible production practices within the palm oil sector. The RSPO, as a leading example, sets forth stringent standards and guidelines that producers must adhere to attain certification. These criteria include environmental conservation, land use, labor rights, and community engagement. These rules address consumer concerns and promote consumption raising demand for palm oil.
The COVID-19 had mixed effects on the global palm oil market. The market faced challenges due to supply shortages, demand differences, and logistical problems. Industries such as chemical processing were affected by market restrictions, lowering the demand for palm oil. The decreased cultivation of palm during COVID-19 owing to labor restriction weakened the market's supply side. However, there were positive impacts on global palm oil market caused by the increased demand from sectors like pharmaceuticals and personal care. The need for personal care and hygiene items peaked during the pandemic which led to an increased demand for palm oil globally.
The ongoing conflict between Russia and Ukraine did not directly impact the palm oil market. However, Ukraine was the highest sunflower oil exporting country, and the war has disrupted the supply of sunflower oil. Therefore, the demand for substitute oils, such as palm oil peaked at the beginning of the conflict. Moreover, the conflict between Russia and Ukraine has led to market instability and trade disruptions worldwide. Global palm oil manufacturers face challenges due to delays and uncertainty in supply chains resulting from the ongoing war.
Major palm oil manufacturers are strategically pursuing acquisitions to diversify their downstream product portfolios and extend their market presence. These efforts align with the overarching objective of expanding their offerings beyond the core palm oil segment, thus enhancing their market positioning and diversifying revenue streams. These manufacturers aim to capitalize on synergistic opportunities through targeted acquisitions, leverage economies of scale, and optimize operational efficiencies across a broader spectrum of products and markets.
For instance, in April 2023, Kuala Lumpur Kepong Bhd (KL Kepong), operating through its resource-based manufacturing division named KLK Oleo, successfully finalized the acquisition of a majority share in Temix Oleo SpA.
A dual landscape of challenges and opportunities shapes the global palm oil market's future. Sustainability concerns and ethical practices will reshape industry norms, driven by consumer demand and regulations. Initiatives like RSPO will gain prominence. Simultaneously, growing global population and demand for versatile palm oil applications in food, personal care, and biofuels will persist. Technological advancements and renewable energy shifts will further drive palm oil's growth. However, trade dynamics, changing preferences, and regulations pose challenges. Striking a balance between demand, sustainability, and innovation will be crucial for long-term success.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.