Sustainable Palm Oil Market Overviews
The Global Sustainable Palm Oil Market size was valued at USD 72.00 Billion in 2023 and is projected to reach USD 97.98 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
Sustainable palm oil is cultivated and utilized in a manner that considers economic, social, and environmental ethics. This versatile vegetable oil is commonly found in a variety of everyday products, including food, personal care items, and cleaning agents. However, its production has been associated with various negative impacts, such as habitat destruction, deforestation, greenhouse gas emissions, and violations of human rights.
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Sustainable Palm Oil Market Scope and Methodology:
The rising demand for responsibly sourced palm oil can be attributed to consumers becoming more aware of the negative impacts associated with conventional palm oil production on both the environment and communities. In an effort to make eco-friendly choices, consumers are increasingly seeking out products that carry certifications such as the RSPO (Roundtable on Sustainable Palm Oil).
Sustainable Palm Oil Market Regional Insights
More than 71% of market revenue in 2023 came from the Asia Pacific region. Due to the region’s growing population and increasing demand from end-use industries like the food and beverage industries, this is ascribed to both rising consumption and population expansion. The reason for the region’s high consumption of palm oil is attributed to the countries’ rapid population growth, fluctuating demographic patterns, and diverse food consumption.
Sustainable Palm OilMarket Segmentation
In 2023, the conventional segment dominated the palm oil market, accounting for over 99% of total revenue. This dominance can be attributed to the affordability and widespread availability of conventional palm oil. Small and medium-sized farmers depend significantly on these traditional oil palm plantations for income, as they can utilize synthetic chemicals to enhance yields. In densely populated, low-income regions, the conventional category tends to be particularly favored.
Sustainable Palm Oil Market Key Players
Wilmar International Ltd.
Sime Darby Plantation Berhad
IOI Corporation Berhad
Kuala Lumpur Kepong Berhad
United Plantations Berhad
Kulim (Malaysia) Berhad
IJM Corporation Berhad
PT Sampoerna Agro, Tbk
Univanich Palm Oil Public Company Ltd.
PT. Bakrie Sumatera Plantations tbk
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Key questions answered in the Sustainable Palm Oil Market are:
- What is Sustainable Palm Oil ?
- What was the Sustainable Palm Oil market size in 2023?
- What is the growth rate of the Sustainable Palm Oil Market?
- Which are the factors expected to drive the Sustainable Palm Oil market growth?
- What are the different segments of the Sustainable Palm Oil Market?
- What growth strategies are the players considering to increase their presence in Sustainable Palm Oil ?
- What are the upcoming industry applications and trends for the Sustainable Palm Oil Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Sustainable Palm Oil Market?
- Who are the leading companies and what are their portfolios in Sustainable Palm Oil Market?
- What segments are covered in the Sustainable Palm Oil Market?
- Who are the key players in the Sustainable Palm Oil market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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