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 2032

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.

Global Palm Acid Oil Market Size was valued at USD 603.60 Million in 2022 and is projected to reach USD 1,080 Million by 2032, growing at a CAGR of 6.2% from 2022 to 2032.

Palm acid oil (PAO) is a by-product of the palm oil refining process. It is an edible oil that has a variety of uses in the food, cosmetics, and biotechnology industries. The global palm acid oil market is booming due to its increasing applications in personal care products and rising demand from emerging economies. Increasing awareness about health benefits associated with Palm Acid Oil has led to manufacturers introducing more value-added PAO products into the market which is expected to drive market growth over the forecast period.

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 that make it a problematic market such as product development costs, capital requirements, intellectual property rights, regulatory requirements, and transitions’ unfair methods of competition. In the future, manufacturers will be new investments entering the field. Since the market is intensely competitive, the study group recommends that new entrants just have 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. 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: