Palm Oil Market: Industry Prospects and Profitability
Driven by historically low prices, long shelf stability, nutritional benefits as well as rising demand from the bioenergy and oleochemicals industries, the palm oil market has been witnessing strong growth over the last few decades.
Palm oil, which is derived from the fruit of the oil palm (Elaeis Guinnesis) tree, originated in West Guinea and has been consumed across the globe for more than 5,000 years. The, large scale cultivation of oil palm on a commercial basis, however, began only during the mid1990s. Oil palms have a lifespan of 25-28 years and yield more oil per hectare of land than any other crop. They are also relatively less reliant on fertilisers, pesticides and water compared to other monoculture crops. When the oil palm is processed, it produces two types of oil — palm oil from the flesh of the fruit and palm kernel oil from the seed or kernel. Some of the major areas where palm oil is used are: •
Cooking oil in the manufacture of margarine, non-dairy creams and ice cream
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Cosmetics
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Natural fossil fuels used as biofuel in the transport industry
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Manufacturing of soaps and detergents
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Production of greases, lubricants and candles
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Pharmaceuticals
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Water-treatment products
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Production of bactericides
Driven by historically low prices, long shelf stability, and strong nutritional benefits - palm oil leverages natural advantages that position it as a likely long-term staple global diet. Rapidly growing populations, shifting consumption patterns, as well as rising demand from the bioenergy and oleochemicals industries, have resulted in sustained high demand for crude palm oil making it the world’s largest consumed edible oil. Palm oil currently accounts for 34% of the total global edible oil consumed, followed by soybean oil (27%), rapeseed oil (15%) and sunflower seed oil (9%).
Indonesia is currently the largest producer of palm oil accounting for 47% of the total global production, followed by Malaysia (37%). Other major producers include - Thailand, Columbia, Nigeria, Papua New Guinea, Ecuador, etc. India currently represents the biggest consumer of palm oil accounting for 16% of the total global consumption. India is followed by Indonesia, China, European Union and Malaysia.
Analysts predict the global palm oil market to grow continuously in the short and medium terms exhibiting an average growth of 6-8% annually during 2015-2020. IMARC Group has recognised the prospects of the global palm oil industry and has recently released its new report titled “Palm Oil Processing Plant Project Report: Industry Trends, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue”. This report can serve as an excellent guide for palm oil manufacturers, investors, researchers, consultants, marketing strategists and other stakeholders who are planning to foray into the palm oil market in some form or the other.
The report has analysed the following aspects on the industry trends and setting up a palm oil processing plant:
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Palm oil market trends
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Applications of palm oil
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Key players
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Palm oil market outlook
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Key risk and success factors
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Process flow
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Various types of unit operations involved
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Land, location and site development requirements
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Plant layout
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Plant machinery requirements
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Raw materials, utilities and manpower requirements
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Capital investments
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Operating costs
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Incomes and expenditures of the plant
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Profits
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Cash flows
To buy the complete report and to know more about the feasibility of setting-up a palm oil processing plant, please visit: http://www.imarcgroup.com/palm-oil-processing-plant
About IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results. To know more about our company Please visit website: http://www.imarcgroup.com/ Contact Email: sales@imarcgroup.com