According to Future Market Insights research, The Elaeis Guineensis Kernel Oil market is anticipated to expand at a CAGR of 5.8% during the anticipated forecast period. Market value is anticipated to grow from USD 915.2 million in 2022 to USD 1,608.4 million in 2032. At the end of 2021, the Elaeis Guineensis Kernel Oil market had a value of USD 879.2 million, and in 2022, it is anticipated to rise by 4.1% Y-o-Y.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 915.2 million |
| Market Forecast Value in 2032 | USD 1,608.4 million |
| Global Growth Rate (2022 to 2032) | 5.8% CAGR |
| Forecast Period | 2022 to 2032 |
| USA market share of Elaeis Guineensis Kernel Oil | 33.0% |
Guineensis Elaeis Kernel oil is derived from the species of palm tree known as Elaeis guineensis, which is also the main source of palm oil and is high in saturated vegetable fats. Three to seven bunches of kernels can be produced annually by the Elaeis guineensis kernel oil tree.
The kernel fruit of Elaeis guineensis is typically fibrous in texture, cultivated in large bunches, oval in shape, and ruddy in color. A thick endocarp, an oily endosperm, a thin epicarp, and an oily and meaty mesocarp make up the Elaeis guineensis kernel. Both the fruit's pulp and the kernel, the seed at the center of the palm fruit, can be used to make oil.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Elaeis Guineensis Kernel Oil Market Historical Outlook shows that the market's value expanded from USD 748.7 million in 2017 to USD 879.2 million in 2021. The observed CAGR (2017 to 2021) is 4.1%.
The meristic fatty acids and lauric acid found in Elaeis guineensis kernel oil, which are used to make detergent, soap, and washing powder because they make soap lather more easily, are what give the oil its power. Elaeis guineensis kernel oil has the potential to contribute to the expansion of the worldwide market. Its natural lipids, go through the process of saponification to produce glycerin and produce fatty acids as a by-product.
Elaeis guineensis kernel oil demand is also growing in the food processing, cosmetics, oil, and soap production industries. This is another driver propelling the market for Elaeis guineensis kernel oil.
Elaeis guineensis kernel oil market value climbed from USD 915.2 million in 2022 to USD 1,608.4 million in 2032 according to future projections. 5.8% CAGR is predicted to occur between 2022 and 2032.
The market for Elaeis Guineensis Kernel Oil in North America is expected to grow significantly in the coming years. This growth will be driven by the increasing demand for natural and sustainable products. Additionally, the region's large supply of raw materials will provide a competitive advantage in the global marketplace.
With its large supply and growing demand, North America is poised to become a major player in the global Elaeis Guineensis Kernel Oil market.
The Elaeis Guineensis Kernel Oil Market receives 33.0% of its total income from the United States.
The European Elaeis Guineensis Kernel Oil market is experiencing significant growth due to the rising demand for natural and organic cosmetics. The major drivers for the market growth are the increasing awareness about the benefits of using natural ingredients in cosmetics and the growing preference for vegan and cruelty-free products.
Germany makes for 26.7% of the Elaeis Guineensis Kernel Oil market, while the CAGR in the United Kingdom is 4.7% over the projection period.
The Asia Pacific region is a key player in the global Elaeis Guineensis Kernel Oil market due to its high production and consumption levels. In recent years, there has been a significant increase in demand for Elaeis Guineensis Kernel Oil in the region, due to its growing popularity as an ingredient in cosmetic and skincare products.
The Asia Pacific Elaeis Guineensis Kernel Oil market is expected to continue growing at a rapid pace over the next few years, due to increasing awareness of the benefits of this natural oil.
India and China are the market leaders in Asia Pacific, and their most recent CAGRs in the Elaeis Guineensis Kernel Oil market are 6.2% and 4.4%, respectively. Japan contributes 6.2% of the market's overall market share.
The Elaeis Guineensis Kernel Oil market in Latin America is experiencing significant growth. The oil palm industry is booming in the region, with Brazil, Colombia, and Guatemala leading the way in terms of production. The demand for Elaeis Guineensis Kernel Oil is high, due to its many uses in the food and cosmetics industries. The future of the Elaeis Guineensis Kernel Oil market looks bright in Latin America, as the demand for the product is expected to continue to grow.
Elaeis Guineensis Kernel Oil is oil derived from the kernels of the African oil palm tree. It is used in a variety of applications including cosmetics, food, and as a lubricant. The MEA & RoW are responding to the Elaeis Guineensis Kernel Oil market by increasing production and exports of the oil.
Australia contributes 3.0% of the market's total revenue from the Oceania area for Elaeis Guineensis Kernel Oil.
Principal Consultant
Elaeis guineensis kernel oil, also known as palm kernel oil, is derived from the kernels of the African oil palm tree. It is a non-volatile oil that is commonly used in soaps and cosmetics.
Palm kernel oil has a high saturated fat content and is therefore largely solid at room temperature. It has a melting point of around 24-29 degrees Celsius. Palm kernel oil is also rich in lauric acid, which has been shown to have antibacterial and antifungal properties.
Palm kernel oil has a wide range of applications in both the food and cosmetics industries. It is commonly used as an ingredient in margarine, chocolate, and ice cream. In the cosmetics industry, it is often used as an emollient or lubricant in skin care products and makeup.
The global Elaeis guineensis kernel oil market is competitive with the presence of numerous small and large players. The key players in this market include daabon Group, Bunge Limited, Cargill Incorporated, AAK Kamani Private Limited, and Emery Oleochemicals. Among these companies, daabon Group holds the leading position in the global elaeis guineensis kernel oil market. The company has a strong product portfolio and offers its products at competitive prices.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD million for Value and Units for Volume |
| Key Regions Covered |
|
| Key Countries Covered |
|
| Key Segments Covered |
|
| Key Companies Profiled |
|
| Report Coverage | DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Elaeis Guineensis Kernel Oil market will reach a valuation of USD 915.2 million by the end of 2022.
The USA Elaeis Guineensis Kernel Oil Market is contributing 33.0% of the total market share which is valued at around USD 302.0 million.
USA, Canada, Mexico, Argentina, Brazil, Germany, United Kingdom, France, Italy, Russia, Spain China, Japan, India, and Australia are the major countries driving demand for Elaeis Guineensis Kernel Oil Market.
The German Elaeis Guineensis Kernel Oil Market is contributing 26.7% of the total market share which values at USD 244.4 million.
• daabon Group • Bunge Limited • Cargill Incorporated • AAK Kamani Private Limited • Emery Oleochemicals Above are the top 5 market players in Elaeis Guineensis Kernel Oil industry.
The Japan Elaeis Guineensis Kernel Oil market contribution is 6.2% of total market share.
The India Elaeis Guineensis Kernel Oil market will grow at 6.2% CAGR between 2022 and 2032.
The global Elaeis Guineensis Kernel Oil market is forecasted to surpass USD 1,608.4 million by the end of 2032.
Explore Food and Beverage Insights
View Reports
Elaeis Guineensis Kernel Oil Market
