March 2, 2024

Industry Forecast: Elaeis Guineensis (Palm) Fruit Extract to Grow at a 6.1% CAGR by 2032 | FMI

The elaeis guineensis (palm) fruit extract is likely to register a CAGR of 6.1% during the forecast period and is anticipated to reach an Elaeis guineensis (palm) fruit extract market share of US$ 59.08 Billion in 2032, from US$ 32.68 Billion in 2022.

Extracting palm oil makes elaeis guineensis (palm) fruit. There are different methods to get the fruit of Elaeis guineensis (palm). Elaeis guineensis or palm fruit is a source of two main types of extracts – oil and bioactive compounds.

In the market, there is a greater need for just its oil. Palm oil has three main types: crude palm oil, extract from elaeis guineensis (palm) fruit and palm kernel oil.

Stuff from Elaeis guineensis (palm) is mostly used in food, drinks and beauty products industries. It’s also helpful to make medicine better too! The natural skin toning effect of Elaeis guineensis (palm) fruit extract contains helpful antioxidants. Using Elaeis Guineensis is believed to help slow down the ageing of palm fruit extract because it has antioxidant property.

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A palm fruit contains tocochromanols in the range of 150-160 mg of and almost 30 mg of carotenoids. It is considered healthy for human body. Thus elaeis guineensis (palm) fruit extract has a significant usage in various industries including cosmetic, food & beverages etc. The supplements made from Elaeis Guineensis (palm) fruit extracts are believed to have skincare, and haircare property and also helps in reducing wrinkles & lines on skin.

Elaeis Guineensis (Palm) Fruit Extract Market: Market Dynamics

Consumer awareness of health and safety is rising sky high. Consumers are now focusing on products that are either natural or organic due to their growing knowledge. This has a significant impact on the market. Consumers today are searching for natural or organic food items, natural cosmetics, etc.

Manufacturers have been compelled to develop pertinent products or products with such ingredients due to the rising demand for natural or organic products. Customers favour using healthy oils for cooking and eating natural foods, among other things. Due to its health benefits, Elaeis guineensis (palm) fruit extract oil is being used more and more frequently across the globe.

Elaeis Guineensis (Palm) fruit extract is also growing in market due to its beneficial properties for human body whether it is skincare, haircare or for human health. Elaeis Guineensis (Palm) fruit extract contains healing agents, regenerating or revitalizing agents, antioxidants, anti-aging and anti-acne care properties which drives usage in natural cosmetic products. Due to the growing market demand, manufacturers are producing the Elaeis Guineensis (Palm) fruit extracts.

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Elaeis Guineensis (Palm) Fruit Extract Market: Regional Outlook

Changing lifestyle and growing health & fitness consciousness generate demand for natural and organic products across the world. Developed countries such as North America, Europe are the key countries are believed to have the highest rate of usage of Elaeis Guineensis (palm) fruit extracts. Europe’s higher cosmetic companies’ concentration have also drive the Elaeis Guineensis (ealm) fruit extract market for the particular region.

Asia Pacific is believed to have a significant growth rate for Elaeis Guineensis (palm) fruit extract companies due to the higher degree production of palm trees in Indoneisa and Malaysia. The end product demand is estimated to generate from China, Japan, India, Korea, and other countries in this region. Malaysia & Indonesia have more than 50% of the total palm production in the world. The Middle East & Africa is projected to contribute a significant share of the global market over the forecast period.

Elaeis Guineensis (Palm) Fruit Extract Market: Key Players

Some of the major players in the Elaeis Guineensis (Palm) Fruit Extract market are Connoils USA, Oil Palm India Ltd., AMJ Indonesia, PT Global Interinti Industry, Soon Soon Oilmills Sdn Bhd, Mewah Group and others. These key market players are estimated to enhance the Elaeis Guineensis (Palm) fruit extract market growth with innovative product formulations and its launch.

KEY SEGMENT

Based on form:

  • Oil
  • Crude Palm Oil
  • Palm Kernel Oil
  • Bioactive Compounds

Based on extraction method:

  • Supercritical Carbon Dioxide
  • Aqueous
  • Solvent Extraction
  • Cold Pressed
  • Others

Based on nature:

  • Organic
  • Natural

Based on price:

  • High Range
  • Mid-Range
  • Low Range

Based on end use:

  • Cosmetics
  • Food & Beverages
  • Others

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