Indonesia Palm Oil Market Size, Share & Trends Analysis Report By Product (Crude Palm Oil, Fractionated Palm Oil), By Application (Food & Beverage, Pharmaceuticals), By Nature (Organic, Conventional), And Segment Forecasts, 2024 - 2030
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Indonesia Palm Oil Market Growth & Trends
The Indonesia palm oil market size is anticipated to reach USD 16.93 billion by 2030, growing at a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Indonesia is one of the largest palm oil producers globally, accounting for a significant portion of the world's palm oil production. The country's tropical climate and vast land area makes it ideal for cultivating oil palm trees, which are the primary source of palm oil. The palm oil industry is crucial to Indonesia's economy, providing employment opportunities and contributing to export revenues.
In recent years, there has been a growing global demand for sustainable palm oil products driven by consumer awareness and regulatory requirements in key markets. This trend has led companies in the palm oil industry to adopt more sustainable practices and commit to deforestation-free supply chains to meet market demands.
The Indonesian government plays a significant role in regulating the palm oil industry through policies promoting sustainable practices and increasing transparency in the supply chain. For Instance, in October 2023, the Indonesian government launched its crude palm oil future exchange. The crude palm oil industry aims to establish a more independent, transparent, and competitive standard for crude palm oil prices that accurately represents the nation's leading position in the world market for palm oil.
Indonesia Palm Oil Market Report Highlights
Indonesia Palm Oil Market Growth & Trends
The Indonesia palm oil market size is anticipated to reach USD 16.93 billion by 2030, growing at a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Indonesia is one of the largest palm oil producers globally, accounting for a significant portion of the world's palm oil production. The country's tropical climate and vast land area makes it ideal for cultivating oil palm trees, which are the primary source of palm oil. The palm oil industry is crucial to Indonesia's economy, providing employment opportunities and contributing to export revenues.
In recent years, there has been a growing global demand for sustainable palm oil products driven by consumer awareness and regulatory requirements in key markets. This trend has led companies in the palm oil industry to adopt more sustainable practices and commit to deforestation-free supply chains to meet market demands.
The Indonesian government plays a significant role in regulating the palm oil industry through policies promoting sustainable practices and increasing transparency in the supply chain. For Instance, in October 2023, the Indonesian government launched its crude palm oil future exchange. The crude palm oil industry aims to establish a more independent, transparent, and competitive standard for crude palm oil prices that accurately represents the nation's leading position in the world market for palm oil.
Indonesia Palm Oil Market Report Highlights
- Fractionated palm oil dominated the product segment with 39.3% share in 2023 owing to its low cost, high yield, versatility, and the rising global demand
- Crude palm oil and RBD palm oil are likely to witness a significant CAGR during the forecast period mainly due to their widespread use in the food and beverage sector
- The food & beverage segment held the largest market share, more than 70%, in 2023 owing to the use of palm in diverse food options and the growing population of Indonesia
- The biofuel & energy segment is expected to grow at the fastest CAGR rate over the forecast period due to the significant global shift favoring renewable energy sources and biofuels
- The conventional segment dominated the market, with a revenue share of around 99% in 2023 due to widespread use and affordability
- The organic segment is expected to grow at the fastest CAGR due to the increasing consumer awareness about environmental issues
- In November 2023, MP Evans acquired two Indonesian companies, PT Agro Bumi Kaltim (ABK) and PT Nusantara Agro Sentosa (NAS). This strategic move is significant for MP Evans as it expands its presence and operations in the palm oil industry in Indonesia.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
CHAPTER 3. INDONESIA PALM OIL MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Distribution Channel Analysis
3.2.2. Raw Material Trends
3.2.3. Technological Overview
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Industry Analysis Tools
3.5.1. Porter’s Five Forces Analysis
3.5.2. Macro-environmental Analysis
CHAPTER 4. INDONESIA PALM OIL MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1. Product Movement Analysis & Market Share, 2023 & 2030
4.2. Indonesia Palm Oil Market Estimates & Forecast, By Application, 2018 to 2030 (Kilo Tons) (USD Million)
4.2.1. Crude Palm Oil
4.2.1.1. Crude Palm Oil Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.2.2. Palm Kernel Oil
4.2.2.1. Palm Kernel Oil Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.2.3. RBD Palm Oil
4.2.3.1. RBD Palm Oil Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.2.4. Fractionated Palm Oil
4.2.4.1. Fractionated Palm Oil Market revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
CHAPTER 5. INDONESIA PALM OIL MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Application Movement Analysis & Market Share, 2023 & 2030
5.2. Indonesia palm Oil Market Estimates & Forecast, By Application, 2018 to 2030 (Kilo Tons) (USD Million)
5.2.1. Food & Beverage
5.2.1.1. Food & Beverage Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
5.2.2. Personal Care & Cosmetics
5.2.2.1. Personal Care & Cosmetics Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
5.2.3. Biofuel & Energy
5.2.3.1. Biofuel & Energy Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
5.2.4. Pharmaceuticals
5.2.4.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
5.2.5. Others
5.2.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
CHAPTER 6. INDONESIA PALM OIL MARKET: NATURE ESTIMATES & TREND ANALYSIS
6.1. Nature Movement Analysis & Market Share, 2023 & 2030
6.2. Indonesia palm Oil Market Estimates & Forecast, By Nature, 2018 to 2030 (Kilo Tons) (USD Million)
6.2.1. Conventional
6.2.1.1. Conventional Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
6.2.2. Organic
6.2.2.1. Organic Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
CHAPTER 7. INDONESIA PALM OIL MARKET - COMPETITIVE LANDSCAPE
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map/Position Analysis, 2023
7.4. Company Profiles
7.4.1. Wilmar International Ltd.
7.4.1.1. Participant’s overview
7.4.1.2. Financial performance
7.4.1.3. Product benchmarking
7.4.1.4. Recent developments
7.4.2. Provident Agro
7.4.2.1. Participant’s overview
7.4.2.2. Financial performance
7.4.2.3. Product benchmarking
7.4.2.4. Recent developments
7.4.3. Golden Agri - Resources
7.4.3.1. Participant’s overview
7.4.3.2. Financial performance
7.4.3.3. Product benchmarking
7.4.3.4. Recent developments
7.4.4. Astra Agro Lestari
7.4.4.1. Participant’s overview
7.4.4.2. Financial performance
7.4.4.3. Product benchmarking
7.4.4.4. Recent developments
7.4.5. Asian Agri
7.4.5.1. Participant’s overview
7.4.5.2. Financial performance
7.4.5.3. Product benchmarking
7.4.5.4. Recent developments
7.4.6. First Resource Limited
7.4.6.1. Participant’s overview
7.4.6.2. Financial performance
7.4.6.3. Product benchmarking
7.4.6.4. Recent developments
7.4.7. PT SMART Tbk
7.4.7.1. Participant’s overview
7.4.7.2. Financial performance
7.4.7.3. Product benchmarking
7.4.7.4. Recent developments
7.4.8. Musim Mas
7.4.8.1. Participant’s overview
7.4.8.2. Financial performance
7.4.8.3. Product benchmarking
7.4.8.4. Recent developments
7.4.9. PT Salim Ivomas Pratama Tbk
7.4.9.1. Participant’s overview
7.4.9.2. Financial performance
7.4.9.3. Product benchmarking
7.4.9.4. Recent developments
7.4.10. M.P Evans Group PLC
7.4.10.1. Participant’s overview
7.4.10.2. Financial performance
7.4.10.3. Product benchmarking
7.4.10.4. Recent developments
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
CHAPTER 3. INDONESIA PALM OIL MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Distribution Channel Analysis
3.2.2. Raw Material Trends
3.2.3. Technological Overview
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Industry Analysis Tools
3.5.1. Porter’s Five Forces Analysis
3.5.2. Macro-environmental Analysis
CHAPTER 4. INDONESIA PALM OIL MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1. Product Movement Analysis & Market Share, 2023 & 2030
4.2. Indonesia Palm Oil Market Estimates & Forecast, By Application, 2018 to 2030 (Kilo Tons) (USD Million)
4.2.1. Crude Palm Oil
4.2.1.1. Crude Palm Oil Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.2.2. Palm Kernel Oil
4.2.2.1. Palm Kernel Oil Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.2.3. RBD Palm Oil
4.2.3.1. RBD Palm Oil Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.2.4. Fractionated Palm Oil
4.2.4.1. Fractionated Palm Oil Market revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
CHAPTER 5. INDONESIA PALM OIL MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Application Movement Analysis & Market Share, 2023 & 2030
5.2. Indonesia palm Oil Market Estimates & Forecast, By Application, 2018 to 2030 (Kilo Tons) (USD Million)
5.2.1. Food & Beverage
5.2.1.1. Food & Beverage Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
5.2.2. Personal Care & Cosmetics
5.2.2.1. Personal Care & Cosmetics Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
5.2.3. Biofuel & Energy
5.2.3.1. Biofuel & Energy Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
5.2.4. Pharmaceuticals
5.2.4.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
5.2.5. Others
5.2.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
CHAPTER 6. INDONESIA PALM OIL MARKET: NATURE ESTIMATES & TREND ANALYSIS
6.1. Nature Movement Analysis & Market Share, 2023 & 2030
6.2. Indonesia palm Oil Market Estimates & Forecast, By Nature, 2018 to 2030 (Kilo Tons) (USD Million)
6.2.1. Conventional
6.2.1.1. Conventional Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
6.2.2. Organic
6.2.2.1. Organic Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
CHAPTER 7. INDONESIA PALM OIL MARKET - COMPETITIVE LANDSCAPE
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map/Position Analysis, 2023
7.4. Company Profiles
7.4.1. Wilmar International Ltd.
7.4.1.1. Participant’s overview
7.4.1.2. Financial performance
7.4.1.3. Product benchmarking
7.4.1.4. Recent developments
7.4.2. Provident Agro
7.4.2.1. Participant’s overview
7.4.2.2. Financial performance
7.4.2.3. Product benchmarking
7.4.2.4. Recent developments
7.4.3. Golden Agri - Resources
7.4.3.1. Participant’s overview
7.4.3.2. Financial performance
7.4.3.3. Product benchmarking
7.4.3.4. Recent developments
7.4.4. Astra Agro Lestari
7.4.4.1. Participant’s overview
7.4.4.2. Financial performance
7.4.4.3. Product benchmarking
7.4.4.4. Recent developments
7.4.5. Asian Agri
7.4.5.1. Participant’s overview
7.4.5.2. Financial performance
7.4.5.3. Product benchmarking
7.4.5.4. Recent developments
7.4.6. First Resource Limited
7.4.6.1. Participant’s overview
7.4.6.2. Financial performance
7.4.6.3. Product benchmarking
7.4.6.4. Recent developments
7.4.7. PT SMART Tbk
7.4.7.1. Participant’s overview
7.4.7.2. Financial performance
7.4.7.3. Product benchmarking
7.4.7.4. Recent developments
7.4.8. Musim Mas
7.4.8.1. Participant’s overview
7.4.8.2. Financial performance
7.4.8.3. Product benchmarking
7.4.8.4. Recent developments
7.4.9. PT Salim Ivomas Pratama Tbk
7.4.9.1. Participant’s overview
7.4.9.2. Financial performance
7.4.9.3. Product benchmarking
7.4.9.4. Recent developments
7.4.10. M.P Evans Group PLC
7.4.10.1. Participant’s overview
7.4.10.2. Financial performance
7.4.10.3. Product benchmarking
7.4.10.4. Recent developments
LIST OF TABLES
Table 1 List of abbreviations
Table 2 Indonesia palm oil market, 2018 - 2030 (Kilo Tons) (USD Million)
Table 3 Indonesia palm oil market estimates and forecasts by product, 2018 - 2030 (Kilo Tons)
Table 4 Indonesia palm oil estimates and forecasts by product, 2018 - 2030 (USD Million)
Table 5 Indonesia palm oil market estimates and forecasts by application, 2018 - 2030 (Kilo Tons)
Table 6 Indonesia palm oil market estimates and forecasts by application, 2018 - 2030 (USD Million)
Table 7 Indonesia palm oil market estimates and forecasts by Nature, 2018 - 2030 (Kilo Tons)
Table 8 Indonesia palm oil market estimates and forecasts by Nature, 2018 - 2030 (USD Million)
Table 1 List of abbreviations
Table 2 Indonesia palm oil market, 2018 - 2030 (Kilo Tons) (USD Million)
Table 3 Indonesia palm oil market estimates and forecasts by product, 2018 - 2030 (Kilo Tons)
Table 4 Indonesia palm oil estimates and forecasts by product, 2018 - 2030 (USD Million)
Table 5 Indonesia palm oil market estimates and forecasts by application, 2018 - 2030 (Kilo Tons)
Table 6 Indonesia palm oil market estimates and forecasts by application, 2018 - 2030 (USD Million)
Table 7 Indonesia palm oil market estimates and forecasts by Nature, 2018 - 2030 (Kilo Tons)
Table 8 Indonesia palm oil market estimates and forecasts by Nature, 2018 - 2030 (USD Million)
LIST OF FIGURES
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 QFD modeling for market share assessment
Fig. 6 Information Procurement
Fig. 7 Market Formulation and Validation
Fig. 8 Data Validating & Publishing
Fig. 9 Market Segmentation & Scope
Fig. 10 Indonesia Palm Oil Market Snapshot
Fig. 11 Segment Snapshot
Fig. 12 Competitive Landscape Snapshot
Fig. 13 Parent Market Outlook
Fig. 14 Indonesia Palm Oil Market Value, 2023 (USD Million)
Fig. 15 Indonesia Palm Oil Market - Value Chain Analysis
Fig. 16 Indonesia Palm Oil - Price Trend Analysis 2018 - 2030 (USD/Kg)
Fig. 17 Indonesia Palm Oil Market - Market Dynamics
Fig. 18 Indonesia Palm Oil Market - Porter’s Five Forces Analysis
Fig. 19 Indonesia Palm Oil Market - PESTEL Analysis
Fig. 20 Indonesia Palm Oil Market Estimates & Forecasts, By Technology: Key Takeaways
Fig. 21 Indonesia Palm Oil Market Share, By Product, 2022 & 2030
Fig. 22 Crude palm Oil Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 23 Palm Kernel Oil Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 24 RBD Palm Oil Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 25 Fractionated Palm Oil Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 26 Indonesia Palm Oil Market Estimates & Forecasts, By Application: Key Takeaways
Fig. 27 Indonesia Palm Oil Market Share, By Application, 2023 & 2030
Fig. 28 Food & Beverage Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 29 Personal Care & Cosmetics Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 30 Biofuel & Energy Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 31 Pharmaceuticals Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 32 Others Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 33 Indonesia Palm Oil Market Estimates & Forecasts, in Others Applications, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 34 Indonesia Palm Oil Market Estimates & Forecasts, By Nature: Key Takeaways
Fig. 35 Conventional Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 36 Organic Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 37 Key Company Categorization
Fig. 38 Company Market Positioning
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 QFD modeling for market share assessment
Fig. 6 Information Procurement
Fig. 7 Market Formulation and Validation
Fig. 8 Data Validating & Publishing
Fig. 9 Market Segmentation & Scope
Fig. 10 Indonesia Palm Oil Market Snapshot
Fig. 11 Segment Snapshot
Fig. 12 Competitive Landscape Snapshot
Fig. 13 Parent Market Outlook
Fig. 14 Indonesia Palm Oil Market Value, 2023 (USD Million)
Fig. 15 Indonesia Palm Oil Market - Value Chain Analysis
Fig. 16 Indonesia Palm Oil - Price Trend Analysis 2018 - 2030 (USD/Kg)
Fig. 17 Indonesia Palm Oil Market - Market Dynamics
Fig. 18 Indonesia Palm Oil Market - Porter’s Five Forces Analysis
Fig. 19 Indonesia Palm Oil Market - PESTEL Analysis
Fig. 20 Indonesia Palm Oil Market Estimates & Forecasts, By Technology: Key Takeaways
Fig. 21 Indonesia Palm Oil Market Share, By Product, 2022 & 2030
Fig. 22 Crude palm Oil Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 23 Palm Kernel Oil Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 24 RBD Palm Oil Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 25 Fractionated Palm Oil Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 26 Indonesia Palm Oil Market Estimates & Forecasts, By Application: Key Takeaways
Fig. 27 Indonesia Palm Oil Market Share, By Application, 2023 & 2030
Fig. 28 Food & Beverage Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 29 Personal Care & Cosmetics Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 30 Biofuel & Energy Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 31 Pharmaceuticals Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 32 Others Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 33 Indonesia Palm Oil Market Estimates & Forecasts, in Others Applications, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 34 Indonesia Palm Oil Market Estimates & Forecasts, By Nature: Key Takeaways
Fig. 35 Conventional Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 36 Organic Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 37 Key Company Categorization
Fig. 38 Company Market Positioning
