IMARC Group has published a market research report titled “Indonesia Palm Oil Market Report by Packaging Type (Pouches, Jars, Cans, Bottles), Packaging Material (Metal, Plastic, Paper, and Others), Pack Size (Less Than 1 Liters, 1 Liters, 1 Liters – 5 Liters, 5 Liters – 10 Liters, 10 Liters and Above), Application (Household Cooking, Horeca, Food Processing Industry, Oleo Chemicals, Personal Care Products, Animal Feed, Biofuels, and Others), Distribution Channel (Direct/institutional Sales, Supermarkets and Hypermarkets, Convenience Stores, Online, and Others), and Region 2024-2032” The Indonesia palm oil market size reached US$ 10.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.2 Billion by 2032, exhibiting a growth rate (CAGR) of 2.6% during 2024-2032.
The well-recognized position of the country as the largest producer and exporter of palm oil globally is one of the factors responsible for the growth of the Indonesia palm oil market. This dominance is supported by the expansive agricultural land suitable for oil palm cultivation and favorable climatic conditions. Additionally, the rising global demand for palm oil, driven by its versatile applications in food products, cosmetics, biofuels, and industrial lubricants, is a key factor propelling the market. Moreover, policies and incentives by government authorities aimed at boosting palm oil production and exports are further enhancing market growth. Initiatives such as the mandatory biodiesel blending program (B30) are increasing domestic consumption of palm oil and reducing dependency on fossil fuels, thus supporting the industry.
Grab a sample PDF of this report: https://www.imarcgroup.com/indonesia-palm-oil-market/requestsample
Indonesia Palm Oil Market Trends and Drivers:
Another notable trend in the Indonesia palm oil market is the increasing focus on sustainable and certified palm oil production. In addition to this, as international consumers and industries demand more environmentally friendly products, there is growing pressure on producers to adhere to sustainability standards. The adoption of certification schemes like the Roundtable on Sustainable Palm Oil (RSPO) is also gaining traction, ensuring that palm oil production is environmentally sustainable and socially responsible. Furthermore, advancements in agricultural practices and technologies, such as precision farming and high-yield crop varieties, are improving productivity and efficiency. Apart from this, the expansion of downstream processing facilities within the country is also adding value to raw palm oil, promoting economic growth, and creating job opportunities, which is anticipated to drive the Indonesia palm oil market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Packaging Material Insights
- metal
- plastic
- paper
- others.
Pack Size Insights
- 1 liters
- 1 liters
- 1 liters
- 5 liters
- 5 liters
- 10 liters
- Others
Application Insights
- household cooking
- HoReCa
- food processing industry
- oleo chemicals
- personal care products
- animal feed
- biofuels
- others.
Distribution Channel Insights
- direct/institutional sales
- supermarkets and hypermarkets
- convenience stores
- online
- others.
Regional Insights
- Java
- Sumatra
- Kalimantan
- Sulawesi
- Others
Competitive Landscape with Key Player:
- Asian Agri
- Astra Agro Lestari (Astra International)
- Bumitama Agri Ltd.
- Permata Group
- PT Dharma Satya Nusantara Tbk
- PT Salim Ivomas Pratama Tbk
- PT. Bakrie Sumatera Plantations Tbk (Bakrie Group)
- PT. Mahkota Group Tbk,
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145