Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market Report

Market Insights

Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market is likely to grow from USD 6.21 billion in 2021 to USD 8.73 billion by 2028 at an impressive CAGR of 4.94% during the forecast period of 2022-2028.

What is palm kernel oil?

Palm kernel oil is an edible plant oil. It is derived from the kernel of the plant named Elaeis guineensis. Palm kernel oil, palm oil, and coconut oil are three of the few highly saturated vegetable fats; the 16-carbon saturated fatty acid palmitic acid found in these oils is named after them. In order to separate different fatty acids for different applications, fractionated coconut oil provides fractions of the whole oil.

Market Drivers

Surge in demand for detergents across the globe and use of palm kernel oil and coconut oil based natural fatty acids as a surfactant are some of the major factors driving the growth of the market. Furthermore, the market for palm kernel oil and coconut oil based natural fatty acids will be driven by a growing preference for bio-based, environmentally-friendly product, especially in the personal care sector. Increasing demand for herbal products will have a substantial impact on the growth of the market due to their natural qualities and limited side effects.

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Segments' Analysis

By End-User Type

Based on the end-user type, the market is segmented as detergents, personal care, plastics, rubber, and others. The detergents industry is one of the most significant end-users of the palm kernel oil and coconut oil based natural fatty acids market. This segment is expected to register major share of the market during the forecast period. The growth of the segment is owing to the high demand for residential as well as industrial detergents and cleaners. Furthermore, stringent norms regarding industrial cleanliness will escalate the growth of the detergents sector remarkably over the forecast period. In addition, the personal care segment is estimated to witness significant growth in the market owing to increasing disposable income and growing popularity of natural cosmetic products for skin and hair care among consumers.

By Region

In terms of regions, Asia-Pacific is a prominent region in the global palm kernel oil and coconut oil based natural fatty acids market. The region is expected to maintain its incontestable lead during the forecast period as well. The growth of the region’s market is driven by palm kernel and coconut production, as well as the presence of numerous oleochemical manufacturers in the region. More than three-quarters of coconut and palm kernel production is concentrated in the region, of which a significant share is used for the oleochemical sector and application in making end-products such as soaps, detergents, and personal care products.

Market Scope & Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The palm kernel oil and coconut oil based natural fatty acids market is segmented into the following categories. 

By End-User Type:

• Detergents
• Personal Care
• Plastics
• Rubber
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the palm kernel oil and coconut oil based natural fatty acids market are-

• Chemical Associates, Inc.
• Emery Oleochemicals
• Kao Corporation
• Kuala Lumpur Kepong Berhad
• OLEON NV
• Pacific Oleochemicals Sdn Bhd
• Procter & Gamble
• Twin Rivers Technologies, Inc.
• United Coconut Chemicals, Inc.
• Wilmar International Ltd.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the end-user types by country.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.