Middle-East And Africa Palm Oil & Palm Oil Derivatives Market

Middle-East and Africa Palm Oil & Palm Oil Derivatives Market Size and Growth

Middle-East and Africa Palm Oil & Palm Oil Derivatives Market was worth USD xx billion in 2022 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2027

Middle-East and Africa Palm Oil & Palm Oil Derivatives Market Overview

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 prevents many diseases like cancer, aging, vitamin A deficiency, malaria, high blood pressure and cholesterol. Palm oil is naturally reddish in color because of pigment stems from antioxidants known as carotenoids including high beta-carotene content. Palm kernel oil is the dominant source of Palm oil derivatives. Palm oil derivatives and fractions are used in the 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, conditioners, and cosmetics. It is also used in the production of renewable fuels in the transport, power, heating, and cooling sectors.

The Middle-East and Africa 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.

Middle-East and Africa Palm Oil & Palm Oil Derivatives Market Segmentation

The Middle-East and Africa Palm Oil & Palm Oil Derivatives Market is segmented

on the basis of

• type

• application

Palm oil derivatives are segmented into

• crude palm oil

• palm kernel oil

• palm kernel cake

• Oleochemicals

 The crude oil segment was a leading segment followed by the kernel oil and cake.

The application segment consists of

• edible oil

• food

• cosmetics

• agrochemical

• bio-diesel

• personal care

• lubricants

• surfactants

 Edible oil is expected to have the largest share in the Global market followed by surfactants and lubricants. Biodiesel is the fastest growing segment due to the increasing usage of biodiesel in power and fuel generation.

Middle-East and Africa Palm Oil & Palm Oil Derivatives Market Regional Analysis

• UAE

• Israel

• KSA

• South Africa

• Egypt

The market has been geographically segmented into Middle East and Africa. The market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy. The private companies in the US and China are willing to invest in this market due to the rising economies and favourable government regulations.

Middle-East and Africa Palm Oil & Palm Oil Derivatives Market Keyplayers

1.  Cargill Inc.

2. United Palm Oil Industry Public Company Limited

3. Sime Darby

4. Wilmar International Ltd.

5. Godrej Agrovet Limited

6. Golden Agri-Resources Ltd.

7. PT Astra Agro Lestari Tbk

8. IOI Corp

9. London Sumatra

10. Kulim Bhd 

11. Trade Winds Plantation