Palm Kernel Meal Market

The global Palm Kernel Meal market was valued at US$ 2.29 billion in 2022 and is projected to reach US$ 3.08 billion by 2029, at a CAGR of 3.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Asia Pacific accounted for the largest revenue share of over 30% in 2022 due to robust demand from key countries like Indonesia and Malaysia which are major palm oil producers.

Major drivers for the palm kernel meal market include rising meat consumption and livestock production to meet growing protein demand globally, as well as increased use of palm kernel meal as a sustainable and cost-effective animal feed option.

The USA market for Global Palm Kernel Meal market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Palm Kernel Meal market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Palm Kernel Meal market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

Palm Kernel Meal Market aims to provide a comprehensive presentation of the global market for Palm Kernel Meal, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Palm Kernel Meal. Palm Kernel Meal Market contains market size and forecasts of Palm Kernel Meal in global, including the following market information:

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• Global Palm Kernel Meal Market Revenue, 2018-2023, 2024-2030, ($ millions)
• Global Palm Kernel Meal Market Sales, 2018-2023, 2024-2030, (Kiloton)
• Global top five Palm Kernel Meal companies in 2022 (%)

The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Mechanical Extraction Segment to Reach $ Million by 2029, with a % CAGR in next six years.

The global key manufacturers of Palm Kernel Meal include FGV Holdings, IOI Group, Wilmar International, Sime Darby Plantation, RGE Group, Golden Agri Resources, Musim Mas, Astra Agro Lestari and Genting Plantations, etc. in 2022, In terms of application, the animal feed segment accounted for the dominant revenue share of over 90% in 2022. Palm kernel meal is extensively used as a high-fiber energy ingredient in feed for poultry, cattle, pigs and other livestock species.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Palm Kernel Meal manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

• Mechanical Extraction
• Solvent Extraction

• Feed Industry
• Others

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

• Key companies Palm Kernel Meal revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Palm Kernel Meal revenues share in global market, 2022 (%)
• Key companies Palm Kernel Meal sales in global market, 2018-2023 (Estimated), (Kiloton)
• Key companies Palm Kernel Meal sales share in global market, 2022 (%)

• FGV Holdings
• IOI Group
• Wilmar International
• Sime Darby Plantation
• RGE Group
• Golden Agri Resources
• Musim Mas
• Astra Agro Lestari
• Genting Plantations
• First Resources
• KLK OLEO
• Future Prelude
• Permata Hijau Group
• Soon Soon Oilmills Sdn Bhd
• PT Sampoerna Agro Tbk