The global palm mid-fraction market size is expected to reach a valuation of USD 237 Billion in 2022. The market is further expected to exhibit a CAGR of 4% and reach USD 285 Billion during the forecast period of 2022 to 2032. The palm mid-fraction market is primarily propelled by increasing demand for baked goods and ready-to-eat food products.
| Report Attribute | Details |
|---|---|
| Palm Mid-Fraction Market Expected Market Value (2022) | USD 237 Billion |
| Palm Mid-Fraction Market Anticipated Forecast Value (2032) | USD 285 Billion |
| Palm Mid-Fraction Market Projected Growth Rate (2022 to 2032) | 4% CAGR |
Palm mid-fraction is produced after going through multiple phases and a double-fraction treatment. Palm oil which is manufactured for industrial processes is used in various forms of derivatives. Through fractionation, Palm oil is fractioned to separate its content- specifically stearin and olein. Afterward, when these phases go through the double-fractionation process, it produces palm mid-fraction.
Palm mid-fraction is mainly used in the production of butter substitutes and other edible fats. It is rich in tocopherol and carotene contents and is preferred over other palm oil derivatives owing to its ability to extend a product’s shelf-life.
In addition to extending the shelf life of the end-use product, palm mid-fraction also delivers a good texture and volume in bakery fat applications. It has numerous usages in the food and beverages industry which would boost the market.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Palm mid-fraction is gaining traction in the global market primarily due to its ability to extend and maintain a product’s shelf life. It is also used as a base coat for the preparation of Cocoa Butter Equivalents (CBE).
In baking and making confectionery products, palm mid-fraction is considered to be a healthier alternative to hydrogenated soft oils. With the increasing health-conscious population and growing fitness trends, palm mid-fraction is gaining immense popularity due to its good-for-health properties. It is set to drive the demand for palm mid-fraction in the evaluation period.
Since bakery and ready-to-eat food products are increasingly gaining popularity, their demand is constantly on the rise. Furthermore, palm mid-fraction caters to all the needs of baked goods manufacturers, such as giving the product an extended shelf-life; catering to the growing eat-healthy trends, and providing good taste and texture.
Rising number of issues associated with supply chain visibly may affect the palm mid-fraction market growth in the forthcoming years. Developed economies require certain certifications for palm mid-fraction which verify the quality and sustainability of the product. These expectations are not always met across the supply chain, thereby resulting in a limitation for palm mid-fraction manufacturers.
Additionally, for processors in developing countries such as Malaysia and Indonesia, the production and transportation of palm mid-fraction come at a price that they are not willing to pay. This factor may also impede the palm mid-fraction market.
Principal Consultant
Asia Pacific is estimated to display a significant growth rate in the palm mid-fraction market during the forecast period of 2022 to 2032. South East Asia is considered to be the largest palm mid-fraction processing region. The region is home to two emerging economies, namely, Malaysia and Indonesia, where palm mid-fraction is processed and then exported across the globe.
After meeting quality and sustainability checks of the Europe palm mid-fraction market, various Indonesian Small & Medium-sized Enterprises (SMEs) are open to exploring new growth opportunities in the Europe market. Increasing demand from the bakery and confectionary sector in Europe and America is thus pushing the palm mid-fraction market share in Indonesia. Additionally, Roundtable on Sustainable Palm Oil (RSPO) is engaged in bringing Indonesian SMEs under its broad umbrella.
Apart from Malaysia and Indonesia, Asia Pacific is also home to two major fats and oil consuming economies, namely, India and China. It would enable Asia Pacific to maintain its leading position in the palm mid-fraction market.
North America is anticipated to remain in the second position followed by Asia Pacific on the back of rising sales of palm mid-fraction in the USA and Canada. Increasing demand for bakery and on-the-go products with surging adoption of busy lifestyles and high disposable income of consumers is likely to foster the regional market.
In addition to that, increasing trend of gifting confectionery products, such as baked goods, chocolates, and cookies is anticipated to drive the market. Rising focus of leading brands on the establishment of innovative and engaging strategies to attract consumers is also expected to push sales of confectionery products as a result of impulse purchasing.
Surging number of convenience stores and supermarkets/hypermarkets across North America is another vital factor that would fuel the need for palm mid-fraction for the manufacturing of ready-to-go foods.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The global palm mid-fraction market is fairly competitive with the presence of various key players in Asia Pacific. Some of the prominent players present in the palm mid-fraction market include Mewah Group, Intercontinental Specialty Fats Sdn. Bhd., Felda Iffco Sdn Bhd, and Pavlos N. Pettas S.A. among others.
Key companies in the market are engaged in ensuring quality and sustainability certification clearance. A few other companies are capitalizing on novel market opportunities in regions like North America and Europe.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Grade, End Use, Region |
| Countries Covered | North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East and Africa |
| Key Companies Profiled | Mewah Group; Intercontinental Specialty Fats Sdn. Bhd.; Felda Iffco Sdn Bhd; Pavlos N. Pettas S.A. |
| Customization | Available Upon Request |
The global palm mid-fraction market is estimated to reach a valuation of around USD 237 Billion in 2022.
Some of the major players present in the global palm mid-fraction market include Mewah Group, Intercontinental Specialty Fats Sdn. Bhd., Felda Iffco Sdn Bhd, and Pavlos N. Pettas S.A. among others.
Asia Pacific is set to lead the palm mid-fraction market in the forecast period.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Grade 5.1. Soft Palm Mid-Fraction 5.2. Hard Palm Mid-Fraction 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End use 6.1. Food Industry 6.2. Confectionery 6.3. Bakery 6.4. Edible Oils & Fats 6.5. Surfactants & Detergents 6.6. Personal Care & Cosmetics 6.7. Others 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia & Pacific 7.6. Middle East & Africa (MEA) 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East & Africa (MEA) Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Mewah Group 16.2. Intercontinental Specialty Fats Sdn. Bhd. 16.3.Felda Iffco Sdn Bhd 16.4. Pavlos N. Pettas S.A. 16.5. Shiv & Company 16.6. Wilmar Group 17. Assumptions & Acronyms Used 18. Research Methodology
Explore Food and Beverage Insights
View Reports
Palm Mid-Fraction Market
