Share on

Europe Palm Oil & Palm Oil Derivatives Market Research Report – Segmented By Type, Application, And By Region(Germany, U.K, France, Spain, Italy) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2024 to 2029.

Published: March, 2023
ID: 5444
Pages: 145
Formats: report pdf report excel report power bi report ppt

Europe Palm Oil & Palm Oil Derivatives Market (2024 To 2029)

Europe Palm Oil & Palm Oil Derivatives Market was worth USD 29.46 billion in 2024 and estimated to be growing at a CAGR of 6.18%, to reach USD 39.75 billion by 2029.  Palm oil is one of the world's most used edible vegetable oil derived from the mesocarp of the oil palms. It is different from palm kernel oil and coconut oil derived from the kernel of the oil palm and coconut palm respectively. Palm oil is very cheap compared to other vegetable oils such as soybean, groundnut and rapeseed with various applications in food, cosmetics, lubricants, surfactants and others. It is also used as a first-generation biofuel and preventing many diseases like cancer, aging, vitamin A deficiency, malaria, high blood pressure and cholesterol.

Palm oil is naturally reddish in colour because of pigment stems from antioxidants known as carotenoids including high beta-carotene content. Palm kernel oil is the dominant source of the Palm oil derivatives. Palm oil derivatives and fractions are used in food industry as preservatives, antioxidants and sweeteners, in industrial products such as lubricants, insect repellents, adhesives and paints, in personal and healthcare products as hair sprays, shampoo, conditioner, and cosmetics. It is also used in the production of renewable fuels in the transport, power, heating and cooling sectors.

The Europe Palm Oil & Palm Oil Derivatives Market is mainly driven by the growing health consciousness related to trans-fat consumption and wide uses in the manufacture of confectionary food, pharmaceuticals, cleaning agents and cosmetics. In addition, low price, rise in bio-fuel demand, improving economic conditions, product innovations along with technological advancements, changing life-style and high investments by the leading companies are also driving the market. However, stringent rules for the product approval and high packaging and transport costs for exporting into other countries are hampering the growth of the market.

The Europe Palm Oil & Palm Oil Derivatives Market is segmented, and sub segmented into follow categories:

The Europe Palm Oil & Palm Oil Derivatives Market – By Type:

  • Crude Palm Oil
  • Palm Kernel Oil
  • Palm Kernel Cake
  • Oleochemicals
  • Others

Palm oil derivatives are segmented into crude palm oil, palm kernel oil, palm kernel cake, Oleochemicals and others. The crude oil segment was a leading segment followed by the kernel oil and cake.

The Europe Palm Oil & Palm Oil Derivatives Market – By Application:

  • Edible Oil
  • Food
  • Cosmetics
  • Agrochemical
  • Bio-diesel
  • Personal Care
  • Lubricants
  • Surfactants
  • Others

The application segment consists of the edible oil, food, cosmetics, agrochemical, bio-diesel, personal care, lubricants, surfactants and others. Edible oil is expected to have the largest share in the Global market followed by surfactants and lubricants. Bio diesel is fastest growing segment due to the increasing usage of biodiesel in power and fuel generation.

The Europe Palm Oil & Palm Oil Derivatives Market – By Region:

  • Germany
  • U.K
  • Franc
  • Spain
  • Italy

The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. Netherlands, UK, France, and Germany are leading the Europe market. Most of the companies are focusing towards usage of 100% efficient palm oil in its applications.

KEY MARKET PLAYERS:

Key market players of The Europe Palm Oil & Palm Oil Derivatives Market are Europe Palm Oil & Palm Oil Derivatives Market are Cargill Inc., United Palm Oil Industry Public Company Limited, Sime Darby, Wilmar International Ltd., Godrej Agrovet Limited, Golden Agri-Resources Ltd., PT Astra Agro Lestari Tbk, IOI Corp, London Sumatra, Kulim Bhd and Trade Winds Plantation.

 

Please wait. . . . Your request is being processed

FAQ's

1.What are palm oil derivatives, and what are their applications?

Palm oil derivatives are compounds derived from palm oil through chemical or physical processes. Common derivatives include palm kernel oil, palm olein, and palm stearin, used in a wide range of industries such as food, cosmetics, personal care, and biofuels.

2.How prevalent is palm oil use in the European food industry?

Palm oil is widely used in the European food industry for its texture, stability, and flavor-enhancing properties. It is found in a variety of products, including margarine, baked goods, snacks, and processed foods.

3.Are there sustainability concerns associated with palm oil production?

Yes, palm oil production has been linked to deforestation, habitat destruction, and social issues in tropical regions. Sustainable sourcing practices, certification schemes (such as RSPO), and efforts to address environmental and social impacts are increasingly important in the palm oil industry.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample