Elaeis Guineensis Kernel Oil Market

Elaeis Guineensis Kernel Oil Market Overview 2022 - 2032

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 Mn, and in 2022, it is anticipated to rise by 4.1% Y-o-Y.

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.

Historical Outlook vs. Future Projections of Elaeis Guineensis Kernel Oil Market

Elaeis Guineensis Kernel Oil Market Historical Outlook shows that the market's value expanded from USD 748.7 Mn in 2017 to USD 879.2 Mn in 2021. The observed CAGR (2017–2021) 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, which 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 Mn in 2022 to USD 1,608.4 Mn in 2032 according to future projections. 5.8% CAGR is predicted to occur between 2022 and 2032.

Country Wise Analysis

How is the Elaeis Guineensis Kernel Oil market developing in North America?

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 the raw material 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.

How is the market for Elaeis Guineensis Kernel Oil in Europe developing?

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 UK is 4.7% over the projection period.

How is the market for Elaeis Guineensis Kernel Oil expanding in Asia Pacific?

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.

What is the state of the Latin American Elaeis Guineensis Kernel Oil market?

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 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.

How the MEA & RoW are responding to Elaeis Guineensis Kernel Oil market?

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.

Nandini Roy Choudhury

Principal Consultant

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Category Wise Insights

Where is Elias guinensis kernel oil obtained from?

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.

What are the applications of Elias guinensis kernel oil?

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.

Competitive Landscape

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.

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Elaeis Guineensis Kernel Oil Market Report Scope

Segmentation of Elaeis Guineensis Kernel Oil Market

Segmentation by Application:

• Food Oil
• Soap
• Detergent
• Lubricant

Segmentation by Sales Channel:

• Online
• Offline

Segmentation by Region:

• North America
• Latin America
• Europe
• Asia Pacific
• MEA
• RoW