The Brazil Palm Oil Market was valued at USD 709.3 million in 2024, and is projected to reach USD 940.7 million by 2030, rising at a CAGR of 4.90%. Factors such as increasing utilization in food application coupled with the ascending consumption of palm oil as a raw material for edible oils is expected propel the growth.
Brazil is expected to witness an increase in the consumption of palm oil owing to high demand from biodiesel and lubricants sectors. However, declining socio-economic conditions and hazardous environmental effects associated with palm oil are expected to restrain the growth of the market over the forecast period.
Palm oil cultivation requires suitable climatic conditions and is anticipated to mainly witness growth in the countries from equatorial region. The government of Brazil created an association call Abrapalma to encourage palm oil cultivation and is also offering incentives to endorse investments in the sector.
Manufacturers are looking for better alternatives to reduce the total production costs of palm oil to gain higher market share and thus the competitive rivalry is anticipated to be high. Thus, new entrants are likely to observe high competition from the established players.
Brazil is expected to witness an increase in the consumption of palm oil owing to high demand from biodiesel and lubricants sectors. However, declining socio-economic conditions and hazardous environmental effects associated with palm oil are expected to restrain the growth of the market over the forecast period.
Palm oil cultivation requires suitable climatic conditions and is anticipated to mainly witness growth in the countries from equatorial region. The government of Brazil created an association call Abrapalma to encourage palm oil cultivation and is also offering incentives to endorse investments in the sector.
Manufacturers are looking for better alternatives to reduce the total production costs of palm oil to gain higher market share and thus the competitive rivalry is anticipated to be high. Thus, new entrants are likely to observe high competition from the established players.
Brazil Palm Oil Market Report Highlights
- The fractionated palm oil product segment held the largest revenue share of 40.0% in 2024, fueled by its versatile application scope across various industries, particularly in food processing, cosmetics, and biofuels.
- By product, the crude palm oil (CPO) segment is projected to grow at a CAGR of 4.7% over the forecast period, attributed to escalating demand for edible oils, and biodiesel,
- In 2024, the food & beverage application segment held the largest share of 63.2%, owing to its widespread use in cooking oils, processed foods, and snacks.
This report addresses:
- Market intelligence to enable effective decision-making.
- Market estimates and forecasts from 2018 to 2030.
- Growth opportunities and trend analyses.
- Segment and regional revenue forecasts for market assessment.
- Competition strategy and market share analysis.
- Product innovation listings for you to stay ahead of the curve.
- COVID-19's impact and how to sustain in this fast-evolving market.
Why Should You Buy This Report?
- Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Brazil Palm Oil Market Variables, Trends & Scope
Chapter 4. Brazil Palm Oil Market: Product Outlook Estimates & Forecasts
Chapter 5. Brazil Palm Oil Market: Application Outlook Estimates & Forecasts
Chapter 6. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The major companies profiled in this Brazil Palm Oil market report include:- Archer Daniels Midland Company
- BELEM BIOENERGIA BRASIL S.A.
- AgroPalma
- BIOPALMA
- Denpasa
- Marborges Agroindústria SA
- Grupo BBF (Brasil Biofuels)
- Cargill
- Kellogg (Kellanova)
- General Mills Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 60 |
Published | February 2025 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 709.3 Million |
Forecasted Market Value ( USD | $ 940.7 Million |
Compound Annual Growth Rate | 4.9% |
Regions Covered | Brazil |
No. of Companies Mentioned | 11 |