Palm Kernel Expellers Market to Reach US$ 10,271.1 Million by 2035, Expanding at 4.2% CAGR | Fact.MR Report

The global palm kernel expellers (PKE) market, valued at USD 6,532.4 million in 2024, is projected to reach USD 10,271.1 million by 2035, growing at a compound annual growth rate (CAGR) of 4.2%. This growth is driven by the increasing demand for cost-effective, protein-rich animal feed, particularly in the livestock and poultry sectors, amid rising global meat and dairy consumption. PKE, a by-product of palm oil extraction, aligns with circular economy principles by utilizing sustainable crop by-products, making it a preferred feed ingredient in regions like Asia-Pacific, North America, and emerging African markets.

Key trends include the adoption of sustainable farming practices and the exploration of PKE in bioenergy applications. Southeast Asia, led by Indonesia and Malaysia, dominates production, while demand grows in developing economies. Challenges such as compliance with sustainability certifications like RSPO may increase costs, but advancements in extraction technologies are enhancing efficiency and market potential.

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Market Analysis

The PKE market is propelled by the global surge in livestock production, driven by population growth and dietary shifts toward meat and dairy. PKE's high protein and fiber content makes it a cost-effective alternative to traditional feeds like soybean meal, particularly in price-sensitive regions such as Asia-Pacific and Africa. The market's historical CAGR was 3.8% from 2020 to 2024, with a forecasted CAGR of 4.2% from 2025 to 2035, reflecting its role in sustainable agriculture. The rise in palm oil production, particularly in Southeast Asia, ensures a steady PKE supply, supporting global feed demand. Emerging applications in biofuel production and cosmetics are also expanding market opportunities. However, sustainability concerns and certification compliance, such as RSPO standards, pose challenges, requiring investments in traceable and eco-friendly production methods.

Segment Analysis

The PKE market is segmented by nature, product type, application, and region. Conventional PKE dominates, holding a 73.2% value share in 2024, due to its affordability and widespread use in livestock feed for cattle, poultry, and swine. The animal feed segment leads applications, with a 43.2% value share, driven by its high digestibility and cost-effectiveness in supporting animal growth. Crude PKE is the primary product type, favored for its lower processing costs, while organic PKE is gaining traction in premium feed markets aligned with sustainable practices. The Asia-Pacific region, particularly Indonesia and Malaysia, accounts for the majority of production, while demand is growing in North America and Europe due to increasing agribusiness and sustainability initiatives.

Country-wise Insights

In the United States, the PKE market is projected to grow at a 3.8% CAGR through 2035, supported by federal incentives for sustainable agriculture and the adoption of PKE as a low-carbon, cost-effective feed alternative. India's market, growing at a 5.3% CAGR, is driven by its expanding livestock and dairy sectors, fueled by rising protein demand and government support for self-reliant agriculture. China, with a 6.2% CAGR, sees increasing PKE demand due to its diversifying feed market and robust trade ties with palm oil-producing countries, ensuring a steady supply. The Asia-Pacific region dominates globally, benefiting from proximity to production hubs and advancements in feed mill technologies, while North America and Europe are key import markets.

Key Players

• Asian Agri Group
• Bumitama Agri
• Cargill Palm Oil
• Felda Global Ventures
• First Resources
• Genting Plantations
• Golden Agri-Resources
• Goodhope Asia Holdings
• Indofood Sukses Makmur
• IOI Corporation
• KLK Oleo
• MP Evans Group
• Multi Austral Sejahtera
• Musim Mas Group
• Permata Hijau Group
• Salim Ivomas Pratama
• Sampoerna Agro
• Sime Darby Plantation
• Triputra Agro Persada
• Wilmar International

Strategic Outlook and Industry Trends

The PKE market is evolving with a focus on sustainability and innovation. Manufacturers are investing in advanced extraction technologies to improve efficiency and reduce environmental impact. Strategic initiatives, such as Sime Darby Plantation's focus on automation for a 5% production increase by 2024, aim to enhance supply chain efficiency. The growing use of PKE in biofuels and cosmetics, alongside its dominance in animal feed, is expanding market opportunities. Sustainability certifications like RSPO are driving eco-friendly production, while partnerships and investments in R&D are helping companies meet global demand for sustainable feed solutions. As livestock production and bioenergy demands rise, PKE's role in circular agriculture will ensure sustained market growth.

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Segmentation of Palm Kernel Expellers Market

By Nature:
• Conventional
• Organic

By Product Type:
• Crude PKE
• Refined PKE
• Organic PKE
• Conventional PKE

By Application:
• Animal Feed Industry
• Food Processing
• Biofuel Production
• Cosmetics and Personal Care
• Pharmaceuticals

By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

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