The new report by Informes de Expertos titled, ‘Latin America Palm Oil Market 2023-2028’ , offers an in-depth examination of the market landscape, on the basis of segmentation by application and region. The report provides detailed evaluation by exploring key factors such as regional trends and drivers and examining market limitations and challenges through Porter’s five forces model and a SWOT analysis. Additionally, the market is analyzed based on past and future trends and their impact on the market dynamics and prospects, with comprehensive research on price indicators and market players included.
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Los aspectos más destacados del informe son:
Visión General del Mercado (2018-2028)
• CAGR del Periodo de Pronóstico (2023-2028): 3,1%
Con la creciente preocupación por el impacto del calentamiento global y la necesidad de sostenibilidad medioambiental, hay un interés cada vez mayor por los biocombustibles elaborados con aceite de palma, lo que se traduce en un aumento de la demanda de este aceite en la región. El sector alimentario en América Latina se está expandiendo rápidamente, y el aceite de palma se utiliza comúnmente como aceite de cocina y como componente de numerosos alimentos procesados, contribuyendo a la alta demanda del aceite en la zona, que alcanzó un notable nivel de 1850 miles de toneladas en 2021. El clima favorable y las condiciones del suelo en la región la convierten en un lugar ideal para el cultivo de aceite de palma, por lo que es un cultivo popular para los agricultores.
El crecimiento económico de la región está conduciendo a un aumento de la renta disponible, lo que está impulsando la demanda de aceite de palma, ya que los consumidores optan por alimentos más procesados y convenientes. Con el aumento de la urbanización, crece la demanda de alimentos prácticos y procesados que utilizan el aceite de palma como ingrediente. Los gobiernos de la región apoyan el crecimiento de la industria del aceite de palma mediante subvenciones e incentivos fiscales, lo que impulsa aún más su crecimiento.
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Industry Definition and Major Segments
Palm oil, an edible vegetable oil extracted from the fruit of the oil palm tree (Elaeis guineensis), is among the most widely produced and consumed oils globally. It has a wide range of uses, including as cooking oil, in baked goods, margarine, and other processed foods, both in food and non-food products.
By application, the market is segment into:
• Food Products
• Consumer Products
• Energy
Key regions covered include:
• Colombia
• Ecuador
• Brazil
• Mexico
• Guatemala
• Others
Market Trends
The push for sustainable palm oil production is on the rise in the area, as customers and corporations look for palm oil that is manufactured with consideration for the environment and society. This has resulted in a surge in the demand for certified sustainable palm oil. In the region, people are becoming more health-aware and looking for food items that contain healthy, natural ingredients, which has led to an increase in the demand for palm oil that is free from trans-fats and produced without the use of damaging chemicals.
The popularity of plant-based products is growing in the region, as consumers aim to reduce their intake of animal-based products for health, ethical, and environmental reasons. This has led to an increase in the demand for palm oil as a substitute for animal fats in food products. The utilization of palm oil in biofuels is also increasing in the region, as governments strive to reduce their reliance on fossil fuels and promote the growth of sustainable energy sources. There is a growing emphasis on local and regional supply chains in the region, as governments and businesses aim to reduce their dependence on imports and support local agriculture, leading to a rise in palm oil production in the region.
Key Market Players
The major players in the market are:
• Wilmar International Ltd.
• Cargill, Incorporated
• Bunge Limited
• Archer Daniels Midland Company
• Reforestadora de Palmas del Petén SA (REPSA)
• Others
This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.
About Us
Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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