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Indonesia Palm Oil Market Report by Packaging Type (Pouches, Jars, Cans, Bottles), Packaging Material (Metal, Plastic, Paper, and Others), Pack Size (Less Than 1 Liters, 1 Liters, 1 Liters – 5 Liters, 5 Liters – 10 Liters, 10 Liters and Above), Application (Household Cooking, Horeca, Food Processing Industry, Oleo Chemicals, Personal Care Products, Animal Feed, Biofuels, and Others), Distribution Channel (Direct/institutional Sales, Supermarkets and Hypermarkets, Convenience Stores, Online, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A7460
Year End
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Market Overview:
The Indonesia palm oil market size reached US$ 10.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.2 Billion by 2032, exhibiting a growth rate (CAGR) of 2.6% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
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2023
|
|
Forecast Years
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2024-2032
|
|
Historical Years
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2018-2023
|
|
Market Size in 2023
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US$ 10.5 Billion |
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Market Forecast in 2032
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US$ 13.2 Billion |
| Market Growth Rate 2024-2032 | 2.6% |
Palm oil refers to a reddish-orange colored edible oil derived from the fruits of palm trees. It is commercially produced by crushing and pressing fruits using mechanical or hydraulic techniques. Palm oil is a rich source of saturated and unsaturated fat, vitamin E, phytosterols, and carotenoids, such as beta-carotene and lycopene. It is widely used in cooking, health supplements, cosmetics, personal care products, biofuel, lubricants, drug manufacturing, dyes, paints, and animal feed. Palm oil offers a long shelf-life, excellent oxidative stability, and a better viscosity index. It aids in improving skin health, increasing cognitive function, boosting the immune system, and minimizing the risk of chronic diseases. As a result, palm oil finds extensive applications in the food and beverage (F&B), pharmaceuticals, cosmetics, textile, and chemical industries.
One of the key factors driving the Indonesia palm oil market is the rising demand for edible oils in the F&B industry. Palm oil is widely used in various food products, such as margarine, chocolate, snacks, instant noodles, ice creams, cakes, cookies, biscuits, soups, broths, canned meat, salad dressings, mayonnaise, and dairy products. Furthermore, the implementation of various initiatives by the Republic of Indonesia, such as the palm oil plantation fund (BPDPKS) and Indonesia sustainable palm oil (ISPO) certification, to support palm oil farmers, increase production yield, improve export activities, and promote sustainable practices is providing an impetus to the market growth. Apart from this, the widespread product utilization as an emollient and moisturizer in various cosmetics and personal care products, such as soaps, shampoos, lotions, body wash, lip balm, face cleansers, sunscreens, sanitizers, perfumes, lipsticks, mascara, and foundation are propelling the market growth. Additionally, the integration of the Internet of Things (IoT) technology to enable smart farming practices, ensure quality control, and monitor soil moisture, temperature, and other environmental factors is positively influencing the market growth. Besides this, the incorporation of blockchain technology to improve the transparency of palm oil farming practices, enhance supply chain traceability, and prevent illegal activities, such as deforestation, is favoring the market growth. Moreover, the increasing product utilization as a feedstock in biodiesel production, owing to its low cost and high yield, is propelling the market growth. Other factors, including easy product availability across e-commerce platforms, extensive research and development (R&D) activities, and rising consumer awareness regarding product health benefits, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Indonesia palm oil market, along with forecasts at the regional level from 2024-2032. Our report has categorized the market based on packaging type, packaging material, pack size, application, and distribution channel.
Packaging Type Insights
The report has also provided a detailed breakup and analysis of the Indonesia palm oil market based on the packaging type. This includes pouches, jars, cans, and bottles. According to the report, bottles represented the largest segment.
Packaging Material Insights
A detailed breakup and analysis of the Indonesia palm oil market based on the packaging material has also been provided in the report. This includes metal, plastic, paper, and others. According to the report, plastic for the highest market share.
Pack Size Insights
A detailed breakup and analysis of the Indonesia palm oil market based on the pack size has also been provided in the report. This includes less than 1 liters, 1 liters, 1 liters – 5 liters, 5 liters – 10 liters, and 10 liters and above.
Application Insights
A detailed breakup and analysis of the Indonesia palm oil market based on the application has also been provided in the report. This includes household cooking, HoReCa, food processing industry, oleo chemicals, personal care products, animal feed, biofuels, and others.
Distribution Channel Insights
The report has also provided an exhaustive breakup and analysis of the market based on the distribution channel. This includes direct/institutional sales, supermarkets and hypermarkets, convenience stores, online, and others. According to the report, direct/institutional sales accounted for the highest market share.
Regional Insights
The report has also provided a comprehensive analysis of all the major regional markets that include Java, Sumatra, Kalimantan, Sulawesi, and others. According to the report, the Sumatra was the largest market for Indonesia palm oil. Some of the factors driving the palm oil market in Sumatra included rising expenditure capacities of consumers, increasing government initiatives, and rapid technological advancements. For each of the regions covered, the report provides historical and current market trends, market drivers, market segmentation, key players, and market forecast.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the Indonesia palm oil market. This includes market structure, market player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant. Detailed profiles of all major companies have also been provided. Some of the companies covered include Asian Agri, Astra Agro Lestari (Astra International), Bumitama Agri Ltd., Permata Group, PT Dharma Satya Nusantara Tbk, PT Salim Ivomas Pratama Tbk, PT. Bakrie Sumatera Plantations Tbk (Bakrie Group), PT. Mahkota Group Tbk, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report. For each of the companies covered, the report provides business overview, services offered, business strategies, financials, SWOT analysis, and major news and events.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Packaging Types Covered | Pouches, Jars, Cans, Bottles |
| Packaging Materials Covered | Metal, Plastic, Paper, Others |
| Pack Sizes Covered | Less Than 1 Liters, 1 Liters, 1 Liters – 5 Liters, 5 Liters – 10 Liters, 10 Liters and Above |
| Applications Covered | Household Cooking, Horeca, Food Processing Industry, Oleo Chemicals, Personal Care Products, Animal Feed, Biofuels, Others |
| Distribution Channels Covered | Direct/institutional Sales, Supermarkets and Hypermarkets, Convenience Stores, Online, Others |
| Regions Covered | Java, Sumatra, Kalimantan, Sulawesi, Others |
| Companies Covered | Asian Agri, Astra Agro Lestari (Astra International), Bumitama Agri Ltd., Permata Group, PT Dharma Satya Nusantara Tbk, PT Salim Ivomas Pratama Tbk, PT. Bakrie Sumatera Plantations Tbk (Bakrie Group), PT. Mahkota Group Tbk, etc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Indonesia palm oil market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the Indonesia palm oil market?
- What are the key regional markets?
- Which countries represent the most attractive Indonesia palm oil markets?
- What is the breakup of the market based on the packaging type?
- What is the breakup of the market based on the packaging material?
- What is the breakup of the market based on the pack size?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the distribution channel?
- What is the competitive structure of the Indonesia palm oil market?
- What is the market positioning of various players in the Indonesia palm oil market?
- What are the top winning strategies?
- What are the strengths and weaknesses of key players?
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