Global Palm Oil Market: Emerging Trends, Major Key Players Wilmar and Sime Darby

According to the report, The global palm oil market demand was estimated at 74.6 million tons in 2019 and is projected to register a volume-based CAGR of 2.3% from 2020 to 2027. This growth can be attributed to the healthy demand for palm oil in various end-user industries such as food, cosmetics, and biofuel. The production of palm oil is considered the most feasible way to enhance economic growth and alleviate poverty in these developing countries. Palm oil is widely used in the agrochemical industry, especially in crop protection and soil enhancements.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global PALM OIL industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Palm Oil market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Palm Oil players holding highest market share include Wilmar, Sime Darby, IOI Corporation and Kuala Lumpur Kepong. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Wilmar
• Sime Darby
• IOI Corporation
• Kuala Lumpur Kepong
• United Plantations Berhad
• Asiatic Development
• Boustead
• United Plantations
• Cargill Incorporated
• Univanich Palm Oil Public Company Ltd

Segmental Analysis

Market Segment By Product Type with focus on market share, consumption trend, and growth rate of PALM OIL Market:
o Crude Palm Oil
o RBD Palm Oil
o Palm Kernel Oil
o Fractionated Palm Oil

Market Segment By End-user with focus on market share, consumption trend, and growth rate of PALM OIL Market:
o Food & Beverage
o Personal Care & Cosmetics
o Biofuel & Energy
o Pharmaceutical
o Industrial

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Global Palm Oil Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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