Indonesia Palm Oil Market Size Worth US$ 12.84 Billion By 2028 | Industry CAGR of 3.80%

The latest report published by IMARC Group, titled "Indonesia Palm Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on Indonesia palm oil market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Indonesia palm oil market size reached US$ 10.12 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.84 Billion by 2028, exhibiting a growth rate (CAGR) of 3.80% during 2023-2028.

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What are Palm Oil?

Palm oil represents a reddish-orange colored edible oil that is derived from the fruits of palm trees. It is commercially produced by pressing and crushing fruits using mechanical or hydraulic techniques. Palm oil acts as a rich source of saturated and unsaturated fat, phytosterols, vitamin E, and carotenoids, such as lycopene and beta-carotene. It is extensively used in health supplements, cooking, cosmetics, personal care products, biofuel, lubricants, drug manufacturing, dyes, paints, animal feed, etc. Palm oil also offers excellent oxidative stability, a long shelf life, a better viscosity index, etc. In line with this, it assists in increasing cognitive function, boosting the immune system, improving skin health, minimizing the risk of chronic diseases, etc. Consequently, palm oil finds wide-ranging applications in several industries, including food and beverage (F&B), pharmaceuticals, textile, chemical, etc.

What are the growth prospects and trends in the Indonesia palm oil industry?

The widespread adoption of edible oils in dressing, baking, frying, etc., is primarily driving the Indonesia palm oil market. Additionally, the launch of favorable policies by government bodies to improve export activities, increase production yield, promote sustainable practices, etc., is further bolstering the market growth. Besides this, the growing utilization of palm oil in food products, such as biscuits, soups, broths, canned meat, snacks, instant noodles, mayonnaise, etc., is acting as another significant growth-inducing factor. Moreover, it is also gaining extensive traction as an emollient and moisturizer in the manufacturing of personal care items, including lip balm, face cleansers, sunscreens, sanitizers, perfumes, lipsticks, mascara, soaps, shampoos, lotions, body wash, foundation, etc., which is propelling the market growth across the country. Apart from this, the rising integration of the Internet of Things (IoT) technology to ensure quality control, enable smart farming practices, monitor soil moisture, temperature, and other environmental factors, etc., is anticipated to fuel the Indonesia palm oil market over the forecasted period.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Packaging Type:
• Pouches
• Jars
• Cans
• Bottles

Breakup by Packaging Material:
• Metal
• Plastic
• Paper
• Others

Breakup by Pack Size:
• Less than 1 liters
• 1 liters
• 1 liters - 5 liters
• 5 liters - 10 liters
• 10 liters and above

Breakup by Application:
• Household Cooking
• HoReCa
• Food Processing Industry
• Oleo Chemicals
• Personal Care Products
• Animal Feed
• Biofuels
• Others

Breakup by Distribution Channel:
• Direct/Institutional Sales
• Supermarkets and Hypermarkets
• Convenience Stores
• Online
• Others

Breakup by Regional Insights:
• Java
• Sumatra
• Kalimantan
• Sulawesi
• Others

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Who are the key players operating in the industry?

The report covers the major market players including:

• Asian Agri
• Astra Agro Lestari (Astra International)
• Bumitama Agri Ltd.
• Permata Group
• PT Dharma Satya Nusantara Tbk
• PT Salim Ivomas Pratama Tbk
• PT. Bakrie Sumatera Plantations Tbk (Bakrie Group)
• PT. Mahkota Group Tbk

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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