Food and Beverages Research Reports Palm Oil Market Outlook 2017-2022 | Page 4

REPORT DESCRIPTION
Key findings from the report:
• Palm oil serves a number of application domains which include food, consumer products and
energy. Majority of the palm oil is used by the food industry followed by consumer products and
energy.
• In 2016, Indonesia and Malaysia represented the largest global producers of palm oil and together
accounted for the majority of the total global production.
• India was the largest consumer of the palm oil and accounted for more than one-fifth of the total
global palm oil consumption. India was followed by Indonesia, China, the European Union and
Malaysia.
• Being consolidated in nature, the global palm oil market is surrounded by a number of dominant
players, namely, Wilmar International, Sime Darby Bhd, IOI Corporation, Astra Agro, KL Kepong and
Golden Agri.
• Manufacturers are shifting their focus to produce high-value products using sustainable ways of
production.
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