Market Estimation & Definition

Palm Kernel Oil Industry is a versatile vegetable oil extracted from the kernel of the oil palm fruit. Known for its high saturation and oxidative stability, PKO is a key ingredient in food products such as confectionery, bakery fats, ice cream, and margarine, as well as in cosmetics, soaps, detergents, and industrial lubricants. The global PKO market was valued at US $50.03 billion in 2023 and is projected to reach US $69.46 billion by 2030, expanding at a CAGR of 4.8% between 2024 and 2030.

Market Overview:

Palm Kernel Oil is also known as Elaeis guineensis. By the process of decontamination, Crude Palm Oil is raw & unprocessed palm oil, which is acquired from the red pulp of the palm fruit. Palm kernel oil is majorly used in preparing chocolate, butter, ice cream, and most bakery items. Palm kernel oil is also used in the cosmetic industry & commercial cooking. This oil is very cheaper and also known for its durability. The major end-user of this product are in farming, the industrial sector, cooking oil, and others. However crude palm oil is also produced with the help of farming and also owes to increase palm oil seeds. A soaking vegetable fat, palm kernel oil is gelatinous at room temperature, and also remains fixed in high cooking temperature. Palm kernel oil is also used to manufacture lotions, cosmetic creams, soaps, and others. With the usage of palm kernel oil, there is a huge demand for a meet product which also increases the market of palm kernel oil.

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Market Dynamics:

There is a wide usage of palm kernel oil in manufacturing for soap, cosmetic cream, milk lotion, which is the major factor for the growth of the palm kernel oil market. As there is high demand for cosmetic products in the market, the increase in usage of palm kernel oil is growing rapidly. Palm kernel oil is so reasonable in price, which creates a huge differentiation from other oil, thus an increase in usage of palm kernel oil is the common factor for driving the growth of the market. Various factors such as growing population, increase in demand for cosmetic products, arise in biofuel production are also anticipated for the growth of the palm kernel oil market. There is a wide usage of this oil in the food & beverage industry, due to the durability of the product & also cheaper. An increase in demand for cosmetic products in the young generation creates lucrative growth for the palm kernel oil market.

There is a various chemical present in cosmetic products such as cream, body lotion which is so harmful to the human body. The government of India introduced a

sustainable palm oil production program (SPOPP), to avoid plant assortment losses that are also affecting the growth of the palm kernel oil market. Rising awareness among cosmetic products creates a decline in sales of this product for the manufacturer, as result, there is a high risk of intoxication, various chemical exposure found in the human body, which is the major reason for restraining the palm kernel oil market.

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Segmentation Analysis

by Product

Fractionated Palm Kernel Oil
Primary Palm Kernel Oil

by Application

Edible Oil
Biodiesel
Cosmetics
Lubricants
Surfactants
Others

by End User Industry

Personal Care and Cosmetics
Food and Beverage
Oil and Energy
Others

by Distribution Channel

Online
Offline

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Regional Insights:

The Asia Pacific region is expected to dominate the market in the forecast period and is expected to hold share of xx% by 2030. There is a high growth for food and personal care products in this region. There is also increasing production of raw materials in this region which proportionally gives a lucrative growth for Palm Kernel Oil market. Due to the consciousness of the creation of chemicals in cosmetic products palm kernel oil is cheaper and expected to drive the market. The growth of the young population is increasing day by day in this region and their preference towards the cosmetic and edible oil products is so high which is expected to be the driving factor for the Palm Kernel Oil Product market as well. Palm oil is used all over the world and is majorly found in this region in various supermarkets giving several ranges of Palm Kernel Oil products such as sweets, baked foods, cereals, etc.

Key Players are:

1. Golden Agri Resources Ltd.
2. Godrej agrovet ltd.
3. PT astra agro lestari tbk.
4. Cargill Inc.
5. United Palm oil industry Public company ltd.
6. Wilmar international ltd.
7. Sime Darby
8. Kulim bhd.
9. Musim Mas group.
10.Alami Group.
11.IOI Corp.
12.London Sumatra.
13.Bunge Limited.
14.AAK AB.
15.Korindo Group.

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