Sustainable Palm Oil Market Size, Share, Growth, Demand, Opportunities and Forecast To 2032

Sustainable Palm Oil Market Overview

The Sustainable Palm Oil is a very adaptable, useful and cheap palm oil and broadly used vegetable oil in the world. It is found in everything from snacks to house cleaners. It carries trade, money, and jobs to producing economies and pays millions of smallholder farmers. The market is mainly driven by the low cholesterol content contained in sustainable palm oil. As palm oil syndicates have been blamed widely for deforestation and human rights, these companies have been capitalizing heavily in technology to boost their credentials in sustainability. Nowadays, technology has been quite influential for this market someplace drones are used for palm counting, detection of diseases and monitoring plantation’s health. 

Palm oil cultivation takes merely a little amount of land, making it inexpensive and accessible to consumers. Palm oil is developed as a cash crop in a variety of countries, particularly those whose economies are based largely on agriculture. Additional element driving sustainable palm oil growth is government deforestation rules, as the RSPO has enacted legislation prohibiting producers from damaging the atmosphere and nature. In addition, the use of palm oil as an ingredient is predicted to boost global sales of sustainable palm oil.

The Global Sustainable Palm Oil Market accounted for USD 13,410 Million in 2221 and is expected to reach USD 28,537 Million by 2032, growing at a CAGR of 9.9% from 2022 to 2032.

Japan continues to be the top producer of sustainable palm oil in the Asia Pacific area as a result of the increasing demand for palm oil from the cosmetic business. Demand for sustainably sourced palm oil is growing among various manufacturing industries counting cosmetic care and clothing, food, food service, and retail. The key driver of the global market for palm oil is the increasing consumption of sustainable palm oil among various sectors around the world.

Instance Developments

JOHOR BAHRU, 12 October 2022: Kulim (Malaysia) Berhad (KULIM) announced that it has entered into a two-year purchase agreement of Certified Fresh Fruit Bunch (FFB) with Wild Asia and Eng Lee Heng Trading that will bolster the company’s production of traceable and sustainable palm oil that meets the stringent standards of the Roundtable on Sustainable Palm Oil (RSPO).

JOHOR BAHRU ,August 8, 2022 -Kulim (Malaysia) Berhad (KULIM), through its plantation subsidiary, Mahamurni Plantations Sdn Bhd (MPSB), will build its first palm-fibre oil extraction (PFOE) plant in Sedenak palm oil mill in Johor. As part of its waste to treasure initiative, the PFOE plant extracts oil from mesocarp fibre from the processed fresh fruit bunches to produce red palm oil that can be sold at 85% of the crude palm oil price. It would generate a new income stream for the Group with an estimated RM8 million annually.

03 Jun 2021 -Cargill is building a new US$200 million palm oil refinery in Lampung, Indonesia. The development plans tie into the company’s goal to scale its sustainable palm supply chain and provide verified deforestation-free products to customers. 

Sustainable Palm Oil Market Scope: 

 Frequently Asked Questions

What is the future market value of the Sustainable Palm Oil Market?

The current market value for Sustainable Palm Oil Market is expected USD 28,537 million by 2032

What is the CAGR of the Market?

The Sustainable Palm Oil Market is to grow at a CAGR of 9.9% during the forecast by 2032.

What is the Market segment?

On the basis of type, the Sustainable Palm Oil Market is segmented into Palm Kernel Oil, Fractional Palm Oil, Red Palm Oil, White Palm Oil

Who are the key players operating in the Sustainable Palm Oil Market?

The major players operating in the Sustainable Palm Oil Market are Sime Darby Plantation Sendirian Berhad, Golden Agri-Resources Limited, Kulim Berhad, United Plantation Berhad, New Britain Palm Oil Limited, IOI Corporation Berhad, Cargill, SIPEF Group Belgium, Wilmer International Limited, Kuala Lumpur Kepong Berhad

Table of content

1. Global Sustainable Palm Oil Market: Research Methodology
2. Global Sustainable Palm Oil Market: Executive Summary

2.1 Market Overview and Definitions

2.1.1. Introduction to Global Sustainable Palm Oil Market

2.2. Summary

2.2.1. Key Findings

2.2.2. Recommendations for Investors

2.2.3. Recommendations for Market Leaders

2.2.4. Recommendations for New Market Entry

3. Global Sustainable Palm Oil Market: Competitive Analysis

3.1 MRS Competition Matrix

3.1.1. Market Structure by region

3.1.2. Competitive Benchmarking of Key Players

3.2 Consolidation in the Market

3.2.1 M&A by region

3.3 Key Developments by Companies

3.4 Market Drivers

3.5 Market Restraints

3.6 Market Opportunities

3.7 Market Challenges

3.8 Market Dynamics

3.9 PORTERS Five Forces Analysis

3.10 PESTLE

3.11 Regulatory Landscape by region

1. North America
2. Europe
3. Asia Pacific
4. The Middle East and Africa
5. South America

3.12 COVID-19 Impacts

4. Global Sustainable Palm Oil Market Segmentation

4.1 Global Sustainable Palm Oil Market, by Type (2022-2032)

1. Palm Kernel Oil
2. Fractional Palm Oil
3. Red Palm Oil
4. White Palm Oil

4.2 Global Sustainable Palm Oil Market, by Application (2022-2032)

1. Food
2. Pet Food
3. Soap and Detergents
4. Cosmetics
5. North America Sustainable Palm Oil Market (2022-2032)

5.1 North America Sustainable Palm Oil Market, by Type (2022-2032)

1. Palm Kernel Oil
2. Fractional Palm Oil
3. Red Palm Oil
4. White Palm Oil

5.2 North America Sustainable Palm Oil Market, by Application (2022-2032)

1. Food
2. Pet Food
3. Soap and Detergents
4. Cosmetics
5. Europe Sustainable Palm Oil Market (2022-2032)

6.1. European Sustainable Palm Oil Market, by Component (2022-2032)

6.2. European Sustainable Palm Oil Market, by Delivery Model (2022-2032)

6.3. European Sustainable Palm Oil Market, by Functionality (2022-2032)

6.4. European Sustainable Palm Oil Market, by End-user (2022-2032)

6.5. European Sustainable Palm Oil Market, by Country (2022-2032)

1. UK
2. France
3. Germany
4. Italy
5. Spain
6. Sweden
7. Austria
8. Rest Of Europe
9. Asia Pacific Sustainable Palm Oil Market (2022-2032)

7.1. Asia Pacific Sustainable Palm Oil Market, by Type (2022-2032)

7.2. Asia Pacific Sustainable Palm Oil Market, by Application (2022-2032)

7.3. Asia Pacific Sustainable Palm Oil Market, by Country (2022-2032)

1. China
2. India
3. Japan
4. South Korea
5. Australia
6. ASEAN
7. Rest of APAC
8. Middle East and Africa Sustainable Palm Oil Market (2022-2032)

8.1 Middle East and Africa Sustainable Palm Oil Market, by Type (2022-2032)

8.2. Middle East and Africa Sustainable Palm Oil Market, by Application (2022-2032)

8.3. Middle East and Africa Sustainable Palm Oil Market, by Country (2022-2032)

1. South Africa
2. GCC
3. Egypt
4. Nigeria
5. Rest Of ME&A
6. South America Sustainable Palm Oil Market (2022-2032)
   
   9.1. South America Sustainable Palm Oil Market, by Type (2022-2032)

9.2. South America Sustainable Palm Oil Market, by Application (2022-2032)

9.3. South America Sustainable Palm Oil Market, by Country (2022-2032)

10. Company Profile: Key players
11. Sime Darby Plantation Sendirian Berhad
12. Golden Agri-Resources Limited
13. Kulim Berhad
14. United Plantation Berhad
15. New Britain Palm Oil Limited
16. IOI Corporation Berhad
17. Cargill
18. SIPEF Group Belgium
19. Wilmer International Limited
20. Kuala Lumpur Kepong Berhad

 List of Key Figures and Tables

1. Global Sustainable Palm Oil Market: Key Industry Highlights, 2017 and 2021
2. Global Coffee Machines Historical Market: Breakup by Type (USD Million), 2017-2021
3. Global Sustainable Palm Oil Market Forecast: Breakup by Type (USD Million), 2022-2032
4. Global Coffee Machines Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Sustainable Palm Oil Market Forecast: Breakup by Application (USD Million), 2022-2032
6. Global Sustainable Palm Oil Market: Breakup by Region (USD Million), 2017-2021
7. Global Sustainable Palm Oil Market Forecast: Breakup by Region (USD Million), 2022-2032
8. North America Sustainable Palm Oil Market: Breakup by Country (USD Million), 2017-2021
9. North America Sustainable Palm Oil Market Forecast: Breakup by Country (USD Million), 2022-2032
10. Europe Sustainable Palm Oil Market: Breakup by Country (USD Million), 2017-2021
11. Europe Sustainable Palm Oil Market Forecast: Breakup by Country (USD Million), 2022-2032
12. Asia Pacific Sustainable Palm Oil Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Sustainable Palm Oil Market Forecast: Breakup by Country (USD Million), 2022-2032
14. Latin America Sustainable Palm Oil Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Sustainable Palm Oil Market Forecast: Breakup by Country (USD Million), 2022-2032
16. Middle East and Africa Sustainable Palm Oil Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Sustainable Palm Oil Market Forecast: Breakup by Country (USD Million), 2022-2032
18. Global Sustainable Palm Oil Market Structure

Key market Segments

Market by Type

Palm Kernel Oil
Fractional Palm Oil
Red Palm Oil
White Palm Oil

Segment by Application

Food
Pet Food
Soap and Detergents
Cosmetics