What is Global Palm Kernel Fatty Acid Distillate (PKFAD) Market?
The Global Palm Kernel Fatty Acid Distillate (PKFAD) Market is a significant segment of the global economy, dealing with a specific type of fatty acid derived from the palm kernel. PKFAD is a by-product of the palm oil refining process and is used in a variety of industries due to its versatile properties. The market for PKFAD is vast and diverse, encompassing a range of applications from the production of oleochemicals to animal feed. The global market value of PKFAD was estimated to be US$ 568 million in 2022, and it is projected to reach US$ 667.3 million by 2029. This represents a compound annual growth rate (CAGR) of 2.3% during the forecast period from 2023 to 2029.
Global Palm Kernel Fatty Acid Distillate (PKFAD) Market Outlook:
The global market outlook for PKFAD is generally positive, with steady growth expected over the forecast period. The market was valued at US$ 568 million in 2022 and is expected to reach US$ 667.3 million by 2029, representing a CAGR of 2.3%. The market is dominated by a small number of large companies, with the top three firms accounting for approximately 26% of the market share. The Asia-Pacific region is the largest market for PKFAD, accounting for about 50% of the global market. This is followed by Europe and North America, which account for about 20% and 17% of the market, respectively. Despite the positive outlook, it is important to note that these figures are estimates and actual market performance may vary.
| Report Metric | Details |
| Report Name | Palm Kernel Fatty Acid Distillate (PKFAD) Market |
| Accounted market size in 2022 | US$ 568 in million |
| Forecasted market size in 2029 | US$ 667.3 million |
| CAGR | 2.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | FGV Holdings, 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, Cargill, Mewah Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
