Palm Oil - Ingredient Insights

Palm Oil - Ingredient Insights

Summary

This research is part of GlobalData's Ingredients Insights series, which explores various mainstream and emerging ingredients, the drivers behind their popularity, and challenges that manufacturers leveraging these ingredients may face in future.

This report explores the versatility of palm oil and its multiple applications across consumer goods sectors. Palm oil has made headlines recently after prices for the commodity skyrocketed, challenging manufacturers to raise prices to offset costs or find suitable alternatives.

Scope

• Palm oil prices rose by 26% from February-June 2022.
• Over a third of consumers in the Middle East and Africa, Central and South America, and Asia and Australasia believe palm oil has a positive impact on their health.
• Globally, over half of consumers find oils (natural/essential oils) appealing in beauty or grooming products.

• Gain insight into consumer trends that are impacting the palm oil industry to support future strategies.
• Discover the latest innovation and learn from what other brands are doing to address the demand for sustainable palm oil.
• Explore future challenges that industry players leveraging this ingredient must overcome to be successful.