Global Palm Acid Oil Market by Product Type (Pao Yellowish and Pao Brownish), By Application (Soap, Animal Feeds, Biodiesel, and Others), and by Region – Global Forecast to 2029

Market.us announces publication of its most recently generated research report titled, “Global Palm Acid Oil Market by Product Type (Pao Yellowish and Pao Brownish), By Application (Soap, Animal Feeds, Biodiesel, and Others), and by Region – Global Forecast to 2029”, which offers a holistic view of the global palm acid oil market through systematic segmentation that covers every aspect of the target market.

The global palm acid oil market is projected to be US$ 1,296.4 Mn in 2019 to reach US$ 2,281.1 Mn by 2029 at a CAGR of 5.9%.

Palm oil edible vegetable oil is high in saturated fats and least of trans fats. The oil palm tree (Elaeis guineensis) is a native to West Africa. After that, it got imported to South East Asia in the mid of the 19^th century. Oil palm trees produce high yield and flourishes in the humid tropics. Oil palm is a very highly efficient crop that is capable of yielding more oil from less land. As compared to any other vegetable oil in existence, it is highly resourceful. One oil palm tree produces ongoing fruit for up to 30 years, deeming the crop as high sustainable and yielding. The plantation of the palm oil tree covers about 27 million hectares worldwide, and the area is approximately the size of New Zealand. The most commonly used vegetable oil is palm oil. It is present in most of the frequently used food and consumer products, from snacks to cosmetics.

Palm fruit, as well as the kernel (seed), are used for the production of palm oil after the extraction of crude oil. Further, the crude oil is treated to purify and dry it for storage and export. A significant by-product obtained from the alkaline refining of palm oil is Palm Acid Oil (PAO). The main uses of palm acid oil are in animal feeds, laundry soap, distilled fatty acid production, and bio-fuel (bio-diesel). Europe is the region where palm acid oil gets manufactured on a bigger scale. Since in APAC regions like Malaysia and Indonesia, where the palm oil manufacturers get the PFAD rather than PAO as it is physically processed. While producing CPO, the most abundant waste by-product generated is Palm Oil Mill Effluent (POME). For each ton of CPO produced, 2.9 tons of POME gets created. POME is the outcome of large quantities of steam and hot water recycled to clean the fruit and discrete the cake and shell from the palm fruit. The steam and water get washed and directed to waste ponds to gather the POME residue from the mill floor. Now the POME, which gets produced, consists of 95% to 97% of water and 3% to 5% of palm acid oil. Once the PAO is processed and extracted from the POME, the palm acid oil residue is brought into the market and sold as a feedstock for the production of second-generation biofuels.

Global Palm Acid Oil Market Revenue (US$ Mn), 2019–2029

There are lots of competitors out in global palm acid oil, but the global recovery trend is clear, and hence investors are still optimistic about this area. There are some barriers which make it a problematic market such as product development costs, capital requirements, intellectual property rights, regulatory requirement, and transitions’ unfair methods of competition. In the future, manufacturers will be new investment entering the field. Since the market is intensely competitive, the study group recommends the new entrants just having money, but without technical advantage and upstream and downstream support, do not enter into this field.

Global Palm Acid Oil Market is segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into pao yellowish and pao brownish. The pao yellowish segment accounts for the majority share and is expected to register highest growth over the forecast period, followed by pao brownish segment. On the basis of application, the market is segmented into Soap, animal feeds, biodiesel, and others. The soap segment accounts for a majority share in the Global Palm Acid Oil Market.

Global Palm Acid Oil Market Attractiveness Analysis by Product Type, 2013–2019

On the basis of region, the market is segmented into North America, Europe, APAC, South America, and Middle East & Africa. The APAC accounts for the majority share in the global Global Palm Acid Oil Market, due to rapid urbanization, coupled with increasing disposable income. APAC is expected to register highest growth rate over the forecast period. Regions such as North America, Europe, and South America are expected to register stable growth over the forecast period.

The research report on the Global Palm Acid Oil Market includes profiles of some of the major companies such as Verasuwan Company Limited, Future Prelude Sdn Bhd, PT. Energy Feeds Indonesia, Raasi Foods, PT Anugrah Multi Sawita, Lima Group, Tanimas group, Union Group, Hade Energia Globale, and PT. Kurnia Sari Utama.

Key Market Segments

Type

• PAO Yellowish
• PAO Brownish

Application

• Soap
• Animal Feeds
• Biodiesel
• Other

Key Market Players included in the report:

• Verasuwan Company Limited
• Future Prelude Sdn Bhd
• PT. Energy Feeds Indonesia
• Raasi Foods
• PT Anugrah Multi Sawita
• Lima Group
• Tanimas group
• Union Group
• Hade Energia Globale
• PT. Kurnia Sari Utama

For the Palm Acid Oil Market research study, the following years have been considered to estimate the market size: