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Elaeis Guineensis Kernel Oil Market Segmentation, Industry trends and Development to 2017-2027
Press release from: Future Market Insights
Elaeis Guineensis Kernel Oil comes from elaeis guineensis which is species of palm and is also the principal source of the palm oil and is rich in saturated vegetable fats. Elaeis guineensis kernel oil tree can produce 3 to 7 bunches of kernels in a year. Elaeis guineensis kernel fruit is characteristically reddish in color, fibrous in texture with an oval shape and grown in big bunches. The elaeis guineensis kernel has a thick endocarp, which contains an oily endosperm and thin epicarp with an oily and fleshy mesocarp. Oil is extracted from the kernel which is the seed at the core of the palm fruit as well as from the pulp of the fruit. For every 220 pounds of fruit bunches typically 3.52 pounds of elaeis guineensis kernel oil can be extracted. The elaeis guineensis kernel bunches are usually harvested 2 to 5 years after cultivation. Bunches of the elaeis guineensis kernel are usually harvested by cutting them off from the tree when the fruits are ripe.
Global Elaeis Guineensis Kernel Oil Market: Dynamics
Elaeis guineensis kernel oil is driven by the presence of the myristic fatty acids, and lauric acid which is used for producing soaps and detergent and washing powder as the acids helps soap to lather easily. It's natural fats undergo to the process of saponification to glycerin and generate fatty acids as a by-product is a potential that helps in growth of elaeis guineensis kernel oil global market. Moreover, demand for elaeis guineensis kernel oil is rising in food processing industries, cosmetic industries, oil processing industries, soap manufacturing industries and soap manufacturing is another factor driving elaeis guineensis kernel oil market. Elaeis guineensis kernel oil is also growing in the manufacturing industry, as the kernel oil helps in lubrication of equipment and machines which give the machine seamless workflow, and relatively less price in the market makes elaeis guineensis kernel oil more favorable and is another potential factor for the growth of global elaeis guineensis kernel oil market.
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Elaeis guineensis kernel oil contains 80% of the saturated fat which are not easily digestible when used as oil in food and thus makes it difficult for arteries which result in increase of high blood cholesterol level of an individual, restrains to the elaeis guineensis kernel oil market growth.
Global Elaeis Guineensis Kernel Oil Market: Segmentation
Based on application: Global Elaeis Guineensis Kernel Oil market is segmented into
Global Elaeis Guineensis Kernel Oil Market: Region Wise Outlook
The global Elaeis Guineensis Kernel Oil market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). APEJ holds relatively higher share in the global elaeis guineensis kernel oil which is led by high growth in food and consumer products. Countries like Malaysia and Indonesia are major producer and exporter of elaeis guineensis kernel oil globally. APEJ will witness high CAGR in the forecast period of global elaeis guineensis kernel oil. The plantation of elaeis guineensis is growing every year by 15%-18% every year which gives rise in the production of elaeis guineensis kernel oil in the region. North America and Europe have high demand and is estimated to grow at healthy CAGR in the forecast period of global elaeis guineensis kernel oil market due to growing concern of chemical side effects present in toiletries which is expected to play a vital role in promoting elaeis guineensis kernel oil in the regions. Demand for elaeis guineensis kernel oil is growing owing to its wide application in cosmetic, toiletries and as a lubricating oil which makes elaeis guineensis kernel oil suitable for the machines.
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Global Elaeis Guineensis Kernel Oil Market Players
Few of the prominent players in the Elaeis Guineensis Kernel Oil market are as follows
United Palm Oil Industry Public Company Limited
PT Astra Agro Lestari Tbk
Golden Agri Resources Limited
Godrej Agrovet Limited
Wilmar International Limited
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