Summary

Africa Palm Oil Market Research Report Information by Type (Crude Palm Oil, RBD Palm Oil, Palm Kernel Oil and Fractionated Palm Oil), by Application (Edible Oil, Bio-Diesel, Lubricants, Cosmetics and Others) Forecast to 2032

Market Overview
The African palm oil market has grown to become one of the most important regions in the worldwide palm oil market because of rising demand for edible oils for use in food, cosmetics, and biofuel. The Africa palm oil market has had rapid expansion over the years, with revenues anticipated at $9.79 billion in 2023 and expected to rise to $14.76 billion in 2032, increasing at a CAGR of 4.72 percent. Recently, Africa's palm oil production has increased significantly. Nigeria, Ghana, and Ivory Coast are the leading producers, both for domestic and export markets.
Vegetable oil demand continues to rise because of rapid African urbanisation and population growth. Consumers' lifestyles are increasingly becoming more urban, resulting in greater consumption of processed and convenience items containing palm oil. Another important issue is the growing African middle class, which is changing its consumption habits and demanding more palm oil-based products. Palm oil's versatility, combined with its relatively inexpensive price in comparison to other vegetable oils, contributes to the trend because it is widely utilised in cooking for families and food production firms.

Market Segment Insights
The Africa Palm Oil market is divided into four types: crude palm oil, RBD palm oil, palm kernel oil, and fractionated palm oil. The Fractionated Palm Oil sector dominated the market in 2023, with a value of USD 4,097.59 million, and is predicted to reach USD 6,257.06 million in 2032. Furthermore, the Crude Palm Oil segment is expected to grow at a CAGR of 5.07% during the forecast period.

The Africa Palm Oil market is divided into five segments based on application: edible oil, biodiesel, lubricants, cosmetics and others. The Edible Oil category dominated the market in 2023, with a value of USD 6,543.89 million, and is projected to reach USD 9,716.29 million by 2032. However, the Bio-Diesel segment is predicted to experience the most increase, with a CAGR of 4.53% throughout the forecast period.
The Africa Palm Oil Market study is divided into countries such as South Africa, Egypt, Algeria, Nigeria, Morocco, Ghana, Kenya, Tanzania, and the rest of Africa.

Major Players
The Africa Palm Oil Market is dominated by ADM, Wilmar International Ltd, Sime Darby Plantation Berhad, IOI Corporation Berhad, Kuala Lumpur Kepong Berhad (KLK), Cargill Inc., Presco Plc, Univanich Palm Oil Public Company Ltd., and PT. Bakrie Sumatera Plantations Tbk.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 15
1.1 MARKET ATTRACTIVENESS ANALYSIS 16
1.1.1 AFRICA PALM OIL MARKET, By type 17
1.1.2 AFRICA PALM OIL MARKET, By application 18
1.1.3 AFRICA PALM OIL MARKET, BY region 19
2 MARKET INTRODUCTION 21
2.1 DEFINITION 21
2.2 SCOPE OF THE STUDY 21
2.3 RESEARCH OBJECTIVE 21
2.4 MARKET STRUCTURE 22
2.5 KEY BUYING CRITERIA 23
3 RESEARCH METHODOLOGY 24
3.1 OVERVIEW 24
3.2 DATA FLOW 26
3.2.1 Data Mining Process 26
3.3 PURCHASED DATABASE: 27
3.4 SECONDARY SOURCES: 28
3.4.1 Secondary Research data flow: 29
3.5 PRIMARY RESEARCH: 30
3.5.1 Primary Research DATA FLOW: 31
3.5.2 Primary Research: Number of Interviews conducted 32
3.5.3 Primary Research: Regional Coverage 32
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 33
3.6.1 Consumption & Net Trade Approach 33
3.6.2 Revenue Analysis Approach 33
3.7 DATA FORECASTING 34
3.7.1 Data forecasting Technique 34
3.8 DATA MODELING 35
3.8.1 microeconomic factor analysis: 35
3.8.2 Data modeling: 36
3.9 TEAMS AND ANALYST CONTRIBUTION 38
4 MARKET DYNAMICS 40
4.1 INTRODUCTION 40
4.2 DRIVERS 41
4.2.1 Increasing Demand for Edible Oils in Africa 41
4.2.2 Increasing Health Awareness About Palm Oil's Benefits 42
4.3 RESTRAINTS 43
4.3.1 Environmental regulations limit palm oil cultivation expansion 43
4.3.2 Competition from Other Vegetable Oils 44
4.4 OPPORTUNITY 45
4.4.1 Expanding biofuel applications in African renewable energy initiatives 45
4.4.2 increasing use of palm oil in cosmetics and skincare products 46
4.5 IMPACT ANALYSIS OF COVID - 19 47
5 MARKET FACTOR ANALYSIS 48
5.1 SUPPLY CHAIN ANALYSIS 48
5.1.1 Production and Sourcing of Raw Materials 48
5.1.2 Processing and Refining of Palm Oil 48
5.1.3 Distribution Channels 49
5.1.4 End-User Consumption 49
5.2 PORTER’S FIVE FORCES MODEL 50
5.2.1 Threat of New Entrants 50
5.2.2 Bargaining Power of Suppliers 51
5.2.3 Threat of Substitutes 51
5.2.4 Bargaining Power of Buyers 51
5.2.5 Intensity of Rivalry 52
6 AFRICA PALM OIL MARKET, BY TYPE 54
6.1 INTRODUCTION 54
6.2 CRUDE PALM OIL 55
6.3 RBD PALM OIL 55
6.4 PALM KERNEL OIL 55
6.5 FRACTIONATED PALM OIL 55
7 AFRICA PALM OIL MARKET, BY APPLICATION 56
7.1 INTRODUCTION 56
7.2 EDIBLE OIL 57
7.3 BIO-DIESEL 57
7.4 LUBRICANTS 57
7.5 COSMETICS 58
7.6 OTHERS 58
8 AFRICA PALM OIL MARKET, BY COUNTRY 59
8.1 OVERVIEW 59
8.1.1 South Africa 61
8.1.2 Egypt 62
8.1.3 Algeria 63
8.1.4 Nigeria 64
8.1.5 Morocco 65
8.1.6 Ghana 66
8.1.7 Kenya 67
8.1.8 Tanzania 68
8.1.9 Rest of Africa 69
9 COMPETITIVE LANDSCAPE 71
9.1 COMPETITIVE OVERVIEW 71
9.2 MAJOR PLAYERS IN THE AFRICA PALM OIL MARKET 71
9.3 MAJOR PLAYERS IN TERMS OF MARKET DISRUPTORS & INNOVATORS 72
9.4 COMPETITIVE BENCHMARKING 72
9.5 STRATEGIES OF MARKET LEADERS IN THE AFRICA PALM OIL MARKET 73
1.1 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN MARKET 74
9.5.1 Expansion/ACQUISITION/Partnership 74
10 COMPANY PROFILES 75
10.1 ADM 75
10.1.1 Company Overview 75
10.1.2 Financial Overview 76
10.1.3 Products/Services Offered 76
10.1.4 KEY DEVELOPMENTS 77
10.1.5 SWOT Analysis 77
10.1.6 Key Strategies 77
10.2 WILMAR INTERNATIONAL LTD 78
10.2.1 COMPANY OVERVIEW 78
10.2.2 Financial Overview 78
10.2.3 PRODUCTS OFFERED 79
10.2.4 KEY DEVELOPMENTS 79
10.2.5 SWOT ANALYSIS 80
10.2.6 KEY STRATEGIES 80
10.3 SIME DARBY PLANTATION BERHAD 81
10.3.1 COMPANY OVERVIEW 81
10.3.2 Financial Overview 81
10.3.3 PRODUCTS OFFERED 82
10.3.4 KEY DEVELOPMENTS 82
10.3.5 SWOT ANALYSIS 82
10.3.6 KEY STRATEGIES 83
10.4 IOI CORPORATION BERHAD 84
10.4.1 COMPANY OVERVIEW 84
10.4.2 Financial Overview 85
10.4.3 PRODUCTS OFFERED 85
10.4.4 KEY DEVELOPMENTS 85
10.4.5 SWOT ANALYSIS 86
10.4.6 KEY STRATEGIES 86
10.5 KUALA LUMPUR KEPONG BERHAD 87
10.5.1 COMPANY OVERVIEW 87
10.5.2 Financial Overview 87
10.5.3 PRODUCTS OFFERED 88
10.5.4 KEY DEVELOPMENTS 88
10.5.5 SWOT ANALYSIS 89
10.5.6 KEY STRATEGIES 89
10.6 CARGILL INC. 90
10.6.1 COMPANY OVERVIEW 90
10.6.2 FINANCIAL OVERVIEW 90
10.6.3 PRODUCTS OFFERED 90
10.6.4 KEY DEVELOPMENTS 90
10.6.5 SWOT ANALYSIS 91
10.6.6 KEY STRATEGIES 91
10.7 PRESCO PLC 92
10.7.1 Company Overview 92
10.7.2 FINANCIAL OVERVIEW 92
10.7.3 Products/Services Offered 92
10.7.4 KEY DEVELOPMENTS 92
10.7.5 SWOT Analysis 93
10.7.6 Key Strategies 93
10.8 UNIVANICH PALM OIL PUBLIC COMPANY LTD. 94
10.8.1 COMPANY OVERVIEW 94
10.8.2 Financial Overview 94
10.8.3 PRODUCTS OFFERED 94
10.8.4 KEY DEVELOPMENTS 95
10.8.5 SWOT ANALYSIS 95
10.8.6 KEY STRATEGIES 96
10.9 PT. BAKRIE SUMATERA PLANTATIONS TBK 97
10.9.1 COMPANY OVERVIEW 97
10.9.2 Financial Overview 97
10.9.3 PRODUCTS OFFERED 98
10.9.4 KEY DEVELOPMENTS 98
10.9.5 SWOT ANALYSIS 99
10.9.6 KEY STRATEGIES 99
10.10 OLAM PALM GABON 100
10.10.1 COMPANY OVERVIEW 100
10.10.2 FINANCIAL OVERVIEW 100
10.10.3 PRODUCTS OFFERED 100
10.10.4 KEY DEVELOPMENTS 100
10.10.5 SWOT ANALYSIS 101
10.10.6 KEY STRATEGIES 101
11 APPENDIX 102
11.1 REFERENCES 102