The UAE Palm Oil market is expected to witness a positive CAGR in the forecast period. UAE palm oil market is driven by rise in usage of renewable and Ayurvedic products along with rise in exports business with neighboring regions. Access to free trade zones and rise in demand for international beauty products in the recent times has led to a remarkable CAGR.

In addition, UAE are benefiting from entry of new players owing to tax benefits and reasonable tariffs pertaining to imports have added to the market growth. Rising awareness regarding advantages pertaining to the use of natural products leads to significant expansion in the cosmetics industry.

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Product segment for UAE palm oil market includes palm kernel and crude palm oil. Crude palm oil is further segmented into olein, stearin, and RBD. Crude palm oil is one of the fastest growing segments in the UAE market.RBD is widely used in bakery and food processing.

Application segment for UAE palm oil market includes edible oil, bio-diesel, cosmetics, surfactants and lubricants. Edible oil segment accounts for a stronger CAGR in the forthcoming period and is estimated to maintain the competitive advantage owing to rapid expansion in food & beverage sector. Cosmetics account for a second position in the UAE market growth owing to rise in demand for international beauty products and UAE being an enormous market hub.

The key players in the UAE palm oil industry include ACCL International, Nuha General Trading Co, Omani Vegetable Oil Derivatives Co. LLC, Abu Dhabi Vegetable Oil Co., Amira Nature Foods Ltd., AA Middle East FZE, FELDA IFFCO, General Trading LLC, United Foods Company (UFC), AJWA MIGOP, Zakaria&Ghaniwala and HAS Commodities Ltd.

Market Segment:

Product Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
• Crude palm oil
• RBD palm oil
• Palm stearin
• Palm olein
• Palm kernel
• Palm kernel oil
• Palm kernel cake

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Application Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
• Edible oil
• Cosmetics
• Biodiesel
• Lubricants
• Surfactants
• Other

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Market Outlook

The LATAM palm oil market attained almost 4 million metric tons in 2018. The region accounts for 6% of the global production. Although its share is comparatively smaller than the 85% to 90% share of Indonesia and Malaysia, LATAM’s projected robust growth of its palm oil production will contribute to the growth of the global market in the forecast period. The global market is expected to grow at a CAGR of almost 1.9% in the forecast period of 2019-2024.

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The global palm oil market size is anticipated to reach a volume of xx metric tons by the end of 2025, rising at a CAGR of xx% over the forecast period. Palm oil market is majorly driven by rapidly increasing usage of products as bio-based diesel. Other factors fueling the market at global level include several initiatives including RSPO, POIG & more and rising use of the product as a trans-fat substitute in processed foods. Moreover, consumers across the globe are opting for bio-based cosmetics, lubricants and surfactants over other products which has further prompted the palm oil market.

Furthermore, key trends of the palm oil industry include increasing demand for red palm oil, rising shift towards palm oil crop transplanting as well as growing sustainable palm oil production.

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On the other hand, consumption of soybean oil in developing economies, stringent regulations, retail consolidations and weather uncertainties can challenge the market’s growth over the forecast period.

The global palm oil industry is segmented by different types and applications. Further type segment of the palm oil market is sub-segmented into palm kernel oil, crude palm oil and others. Crude palm oil of type segment is leading the market trailed by palm kernel oil. This is because crude palm oil consists of less saturated fat as compared to palm kernel oil as well as crude palm oil has got high level of tocotrienols that makes it an exceptional source of vitamin E & powerful antioxidant.

Similarly, application segment of the global palm oil market is bifurcated into bio-diesel, cooking oil, lubricant, cosmetics and others. The cooking oil segment of application segment acquires the largest palm oil market. But, cosmetics segment is predictable of witnessing higher growth rate in upcoming years.

Geographical segmentation of the palm oil industry includes several key regions such as Europe, Asia Pacific, North America and rest of the world (RoW). Asia Pacific is leading the global market and is expected to witness a significant growth over the forecast period owing to rising consumption of palm oil in several industries in the region. Moreover, Indonesia & Malaysia are the key producers as well as exporters of palm fruit that is majorly contributing towards the growth of palm oil market in Asia Pacific region. On the other hand, North America and Europe are estimated of growing at a moderate rate over the forecast period.

Furthermore, Latin America and the Middle East & Africa are anticipated to be the fastest growing regions in palm oil market in next seven years.

Some of the key players outlined while the global palm oil market analysis include Wilmar International Limited (Singapore), Cargill Inc. (U.S.), IOI Corp. (Malaysia), Sime Darby (Malaysia), Golden Agri Resources Limited (Singapore), Godrej Agrovet Limited (India), Kulim BHD (Malaysia) and London Sumatra (Indonesia). Moreover, most of these players are constantly investing in their R&D department in order to improvise their product portfolio so that can provide a wider application base as well as sustain in the market. Besides, technological developments along with high foreign investments in the business for sustainable means of production is projected to create abundant opportunities for market participants globally.

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What to expect from the upcoming report on ‘Global Palm Oil market’:

- Global Palm Oil market report analyses about future prospects as well as trends market over the forecast period (2018-2025)

- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies.

- Supportive initiatives by government likely to influence the market dynamics.

- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.

- In-depth analysis of different market segmentations including regional segmentations, applications and end-users.

- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.

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- Report is especially designed for Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers, researchers, strategy managers and academic institutions looking for insights into the market to determine future strategies.

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