- Press Release -

Rockville, Md. The global palm oil market is set to reach US$ 33.7 Bn by 2022 on moderate growth, according to Fact.MR. Prized for its versatility, palm oil runs through cosmetics, detergents, pharmaceuticals and food, and features in more than half the products on a typical supermarket shelf, helped by yields and land efficiency that outstrip competing vegetable oils.

Processed oil dominates the product mix, retail leads end use, and Europe holds the largest regional share. Online, though still a fifth of distribution, is the channel with the most headroom as emerging markets come online.

Products, End Use and Channels

Processed palm oil holds the bulk of revenue, with the virgin segment accounting for about a third and not expected to close the gap. Retail comprises more than a third of end use, serving food and beverage, cosmetics, animal foodstuff and pharmaceutical buyers. On distribution, specialty stores hold about a fifth of revenue, while online sits at 19% today and is widely seen as the channel with the greatest long-term potential as connectivity and smartphone access spread.

Europe stays dominant and grows at a 4.9% CAGR, North America represents an opportunity of almost US$ 5 Bn in 2017, and Europe and Asia Pacific excluding Japan are the only regions set to cross US$ 2 Bn in the virgin segment by 2022.

Versatility Drives Demand

The market rests on palm oil's sheer range of uses. Its presence across everyday food and household goods, combined with a cost advantage from higher yield and lower input needs, keeps demand broad-based, and online retail promises to widen access further through the forecast period.

Suppliers and Their Playbook

The field brings together large agribusiness and vegetable oil companies.

• American Vegetable Oils, Cargill Inc., Grief Inc., Fuji Oil Holdings, Bunge Limited, Associated British Foods, and Ruchi Soya Industries are among the key players in the report.

Reading the Market for Decisions

For producers, growth favours processed oil and a stronger online presence. Investors get a large market with steady, staple-led demand. Procurement teams can plan around retail leading end use, processed oil carrying volume, and Europe offering the largest opportunity through 2022.

About the Report

Fact.MR's study covers the global palm oil market for the 2017 to 2022 forecast period, with segmentation by product type, end use, distribution channel and region. It sizes each segment, maps the competitive field, and weighs the demand forces shaping the market. Further detail is available in the palm oil market report.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.