Elaeis Guineensis Kernel Oil Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027


#13608

Future Market Insights

$ 5000

Elaeis Guineensis Kernel Oil comes from elaeis guineensis which is species of palm and is also the principal source of the palm oil and is rich in saturated vegetable fats. Elaeis guineensis kernel oil tree can produce 3 to 7 bunches of kernels in a year. Elaeis guineensis kernel fruit is characteristically reddish in color, fibrous in texture with an oval shape and grown in big bunches. The elaeis guineensis kernel has a thick endocarp, which contains an oily endosperm and thin epicarp with an oily and fleshy mesocarp. Oil is extracted from the kernel which is the seed at the core of the palm fruit as well as from the pulp of the fruit. For every 220 pounds of fruit bunches typically 3.52 pounds of elaeis guineensis kernel oil can be extracted. The elaeis guineensis kernel bunches are usually harvested 2 to 5 years after cultivation. Bunches of the elaeis guineensis kernel are usually harvested by cutting them off from the tree when the fruits are ripe.

Global Elaeis Guineensis Kernel Oil Market: Dynamics

Elaeis guineensis kernel oil is driven by the presence of the myristic fatty acids, and lauric acid which is used for producing soaps and detergent and washing powder as the acids helps soap to lather easily. It's natural fats undergo to the process of saponification to glycerin and generate fatty acids as a by-product is a potential that helps in growth of elaeis guineensis kernel oil global market. Moreover, demand for elaeis guineensis kernel oil is rising in food processing industries, cosmetic industries, oil processing industries, soap manufacturing industries and soap manufacturing is another factor driving elaeis guineensis kernel oil market.  Elaeis guineensis kernel oil is also growing in the manufacturing industry, as the kernel oil helps in lubrication of equipment and machines which give the machine seamless workflow, and relatively less price in the market makes elaeis guineensis kernel oil more favorable and is another potential factor for the growth of global elaeis guineensis kernel oil market.

Elaeis guineensis kernel oil contains 80% of the saturated fat which are not easily digestible when used as oil in food and thus makes it difficult for arteries which result in increase of high blood cholesterol level of an individual, restrains to the elaeis guineensis kernel oil market growth.

Global Elaeis Guineensis Kernel Oil Market: Segmentation

Based on application: Global Elaeis Guineensis Kernel Oil market is segmented into

  • Detergent

  • Soap

  • Food oil

  • Lubricant

Global Elaeis Guineensis Kernel Oil Market: Region Wise Outlook

The global Elaeis Guineensis Kernel Oil market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). APEJ holds relatively higher share in the global elaeis guineensis kernel oil which is led by high growth in food and consumer products. Countries like Malaysia and Indonesia are major producer and exporter of elaeis guineensis kernel oil globally. APEJ will witness high CAGR in the forecast period of global elaeis guineensis kernel oil. The plantation of elaeis guineensis is growing every year by 15%-18% every year which gives rise in the production of elaeis guineensis kernel oil in the region. North America and Europe have high demand and is estimated to grow at healthy CAGR in the forecast period of global elaeis guineensis kernel oil market due to growing concern of chemical side effects present in toiletries which is expected to play a vital role in promoting elaeis guineensis kernel oil in the regions. Demand for elaeis guineensis kernel oil is growing owing to its wide application in cosmetic, toiletries and as a lubricating oil which makes elaeis guineensis kernel oil suitable for the machines.

Global Elaeis Guineensis Kernel Oil Market Players

Few of the prominent players in the Elaeis Guineensis Kernel Oil market are as follows

  • United Palm Oil Industry Public Company Limited

  • PT Astra Agro Lestari Tbk

  • Alami Group

  • Cargill Inc

  • Golden Agri Resources Limited

  • Godrej Agrovet Limited

  • Wilmar International Limited

  • IOI Corp.

  • Sime Darby

  • London Sumatra

Regional analysis for Walnut Milk Market includes:

  • North America

    • US & Canada

  • Latin America

    • Brazil, Argentina & Others

  • Western Europe

    • EU5

    • Nordics

    • Benelux

  • Eastern Europe

  • Asia Pacific

    • Australia and New Zealand (ANZ)

    • Greater China

    • India

    • ASEAN

    • Rest of Asia Pacific

  • Japan

  • Middle East and Africa

    • GCC Countries

    • Other Middle East

    • North Africa

    • South Africa

    • Other Africa

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.