The latest report published by IMARC Group, titled “Indonesia Palm Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on palm oil market in Indonesia. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Indonesia palm oil market size reached US$ 10.12 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.84 Billion by 2028, exhibiting a growth rate (CAGR) of 3.80% during 2023-2028.
Palm oil represents a reddish-orange colored edible oil that is derived from the fruits of palm trees. It is commercially produced by pressing and crushing fruits using mechanical or hydraulic techniques. Palm oil acts as a rich source of saturated and unsaturated fat, phytosterols, vitamin E, and carotenoids, such as lycopene and beta-carotene. It is extensively used in health supplements, cooking, cosmetics, personal care products, biofuel, lubricants, drug manufacturing, dyes, paints, animal feed, etc. Palm oil also offers excellent oxidative stability, a long shelf life, a better viscosity index, etc. In line with this, it assists in increasing cognitive function, boosting the immune system, improving skin health, minimizing the risk of chronic diseases, etc. Consequently, palm oil finds wide-ranging applications in several industries, including food and beverage (F&B), pharmaceuticals, textile, chemical, etc.
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Market Trends:
The widespread adoption of edible oils in dressing, baking, frying, etc., is primarily driving the Indonesia palm oil market. Additionally, the launch of favorable policies by government bodies to improve export activities, increase production yield, promote sustainable practices, etc., is further bolstering the market growth. Besides this, the growing utilization of palm oil in food products, such as biscuits, soups, broths, canned meat, snacks, instant noodles, mayonnaise, etc., is acting as another significant growth-inducing factor. Moreover, it is also gaining extensive traction as an emollient and moisturizer in the manufacturing of personal care items, including lip balm, face cleansers, sunscreens, sanitizers, perfumes, lipsticks, mascara, soaps, shampoos, lotions, body wash, foundation, etc., which is propelling the market growth across the country. Apart from this, the rising integration of the Internet of Things (IoT) technology to ensure quality control, enable smart farming practices, monitor soil moisture, temperature, and other environmental factors, etc., is anticipated to fuel the Indonesia palm oil market over the forecasted period.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Indonesia Palm Oil Market Segmentation:
Our report has categorized the market based on regional insights, packaging type, packaging material, pack size, application, distribution channel.
Breakup by Packaging Type:
Breakup by Packaging Material:
Breakup by Pack Size:
Breakup by Application:
Breakup by Distribution Channel:
Breakup by Regional Insights:
Key highlights of the report:
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About Us
IMARC Group is a leading market research company that offers 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.
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