Iran Palm Oil Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

Report ID: GMI1336

Inquiry Before Buying   Table of Contents

Iran Palm Oil Market size is driven by increasing demand for consumer retail food, confectionaries, oleochemicals and dairy products is predicted to drive Iran palm oil market. Further, demand for Iran palm oil market is fueled by shift in trend towards bio-based cosmetics & cleaning products, rise in living standards, change in eating habits and demographics.
 

Palm oil (Azelaic acid) is a widely-consumed product in the country, being majorly imported from Malaysia. Favorable nutritional properties of the product, low cost benefits, rising environmental concern and Iran’s growing economy is likely to enhance product market growth. Additionally, free trade agreement signed between Malaysia and Iran for import and export of palm oil & its related products will fuel Iran palm oil market.
 

Furthermore, declining fossil fuel reserves and fluctuating crude oil prices in international market have encouraged bio based substitutes including, palm based bio diesel in the nation. Automobile manufacturers are integrating bio fuel supportive engines in vehicles to fulfill government’s regulatory standards that foster lesser greenhouse gas emissions is expected to drive Iran palm oil market demand size.
 

Azelaic acid is widely used as a substitute for vegetable oil, as the country is a potential market for vegetable oils and fats, which will prove conductive to Iran palm oil market growth.
 

The product is extracted from Azelaic acid fruits named, elaeis oleifera and guineensis which contain vitamins, saturated fat, glycolipids, carotenes, phenolic acids and flavonoids. Azelaic acid is used as a cooking oil, ingredient in sauces and soups, skin moisturizer, sunblock and dietary supplement. It offers many benefits over other edible oils which include improved blood circulation, prevents cancer, reduced cholesterol level and blood pressure.
 

Doing machine has developed a new machinery for Azelaic acid processing. The machine offers many benefits over traditional machinery which include less energy consumption, space, coat & pollution, no steam sterilizing, reduces waste and generates electricity itself. 
 

The major restraint for Iran palm oil market is heavy import duty of 40% imposed by the country on the product and relative to other vegetable oils which is only 24%. This has led to a decline in imports from Malaysia and Indonesia in recent years. Other factors including, sanctions on Iran to abandon a suspected nuclear weapon program and substitutes present in the market can limit Iran palm oil market growth.
 

The product cultivation is criticized for adverse impact on natural environment which include, loss of natural habitat, deforestation and increased greenhouse gas emission.
 

Depending on extraction type Iran palm oil is divided into crude palm oil and palm kernel. Further crude palm oil can be segmented into refined, bleached & deodorized oil, palm stearin and palm olein. Crude palm oil is a leading segment due to its growing applications in surfactants, cosmetics, biofuel, edible oil and lubricants. Palm kernel is used to obtain two products named palm kernel oil and palm kernel cake.
 

Asia Pacific, led by India and China holds largest market share for Iran palm oil market owning to growing product applications in edible and non-edible application in emerging economies. Other factors include steady economic growth and presence of Malaysia and Indonesia which together produce around 85% of Azelaic acid worldwide.
 

Europe and North America will witness low growth due to presence of sluggish end-use industries and less consumption of product with domestically produced corn and soybean oils dominating edible oil market.
 

Latin America will experience significant market growth owning to rising middle class consumer income, urbanization and cultivation in the region.
 

The market is fragmented due to presence of local small scale manufacturers. Some of the key industry participants for Iran palm oil market include Kala Gostaran Sabz Andish, Savola Behshar, Middle East Gold Star, Jahan Vegetable Oil, Farayardehaye Roghanie, KVSGS, Narges Shiraz, Golestan Dezful Cultivation & Industry, AAK-AB, AL-Khaleej Industries Sdn Bhd, Cargill, Margarine Manufacturing, Eghtsad-Andish, Golbarg Baharan and Pars Vegetable Oil.
 


What Information does this report contain?

What was the historic market data from 2013 to 2016, what is the industry growth forecast from 2017 to 2024?
A detailed analysis of regulatory trends, growth drivers, industry pitfalls, challenges and opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2024?
What are the technology & innovation trends, how will they evolve by 2024?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

Why Global Market Insights?

 Comprehensive Research
  • All-inclusive coverage
  • In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
  • Penetrative insights & latest trends
  • Offers holistic understanding of the market
 Data Accuracy & Reliability
  • Unique methodology
  • Iterative in nature to eliminate errors
  • Detailed methodology, scope, assumptions and data sources available for reference
 Post-Sales Support
  • Committed to making a positive difference for our clients
  • Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
  • Every purchase comes with an option to obtain additional information:
    • up to 10% of the original cost
    • 45-minute analyst tele-call to obtain further clarity on the market.
 Security & Confidentiality
  • Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
  • Only PCI-DSS compliant payment methods used for highest level of client data security

Connect with our sales team