Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market Size & Share 2016 - 2024
Market Size by End User (Detergents, Personal Care, Plastics, Rubber), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, & Forecast.
Report ID: GMI1143
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Published Date: January 2017
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Report Format: PDF
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Authors:
Kiran Pulidindi, Akshay Prakash
Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market Size
Global Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market size will likely exceed USD 8 billion by 2024, growing by a CAGR more than 4.5%.
Strong surfactant consumption trends will have a stimulating effect on the global coconut oil fatty acids market. These oleochemicals are used as the primary source for the hydrophobic part of surfactants owing to their versatility, natural origin, and reliable supply. Palm kernel and coconut oil are rich sources of lauric fatty acids and are exclusive due to lack of any other commercially viable plant or animal based source. Distilled palm kernel oil and coconut oil based natural fatty acids, such as isethionates and amidopropyl betaines, are typically used for personal cleansing surfactants.
Growing preference for bio-based environment friendly products, especially in the personal care sector will drive the palm kernel oil and coconut oil based natural fatty acids market. Growing demand for herbal products owing to their natural properties and limited side effects will have a significant impact on the market throughout the forecast spell.
Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market Analysis
Detergents industry is one of the most significant end users for global coconut oil fatty acids market. This segment accounted for more than 30% of the overall revenue and will likely gain on the account of high demand of residential as well as industrial detergents and cleaners. Stringent norms regarding industrial cleanliness will enhance the detergents sector notably in the forecast spell.
Rising disposable income, coupled with increasing beauty consciousness of the economically privileged population will also escalate palm kernel oil based natural fatty acids market in personal care products industries. Growing popularity of natural cosmetic products for skin and hair care will act as stimulants for the global market growth in the coming years. The personal care segment recorded over USD 1 billion in 2015 and will experience gain at close to 5% CAGR throughout the forecast period.
Volatility of raw material prices may pose a hindrance to the global Coconut Oil Fatty Acids Market growth in the coming years. Coconut oil prices increased from less than USD 800 per ton in early 2013 to more than USD 1,000 per ton by the end of 2015 and crossed USD 1,500 per ton by mid-2016. Specific climatic conditions to promote the growth of coconut and palm trees may affect the overall market negatively.
Palm kernel and coconut production in Asia, along with the presence of numerous oleochemical manufacturers in the region makes Asia Pacific a significant player for global palm kernel oil based natural fatty acids market. More than three quarters of coconut and palm kernel production is concentrated in this region, of which a noteworthy share is used for oleochemical industry and application in making end products such as soaps, detergents, personal care products, etc. This region accounted for more than half of the overall palm kernel oil based natural fatty acids market share in 2015 and will flourish by more than 5% CAGR up to 2024.
Europe generated more than USD 1 billion for the overall palm kernel oil and coconut oil based natural fatty acids market in 2015. The regional market will grow at more than 4% CAGR in the forecast spell. Increasing personal care products demand in the region will characterize the Europe market for the next eight years.
Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market Share
The competitive landscape for global palm kernel oil and coconut oil based natural fatty acids market is moderately consolidated with the top five market players accounting to over 50% share of the overall market. Major product manufacturers are
Other important market players include
Companies depend of strategic acquisitions and collaborations to maintain the hold on the market as well as to expand their reach. A three-party joint venture between Wilmar International, Bunge Limited, and Quang Dung will characterize the Asia Pacific palm kernel oil and coconut oil based natural fatty acids market. Wilmar also declared a partnership deal with ADM and started a joint venture under the name Olenex to market oils and fats in Europe in 2016.
Palm Kernel Oil & Coconut Oil Based Natural Fatty Acids Industry Background
Global coconut oil fatty acids market is heavily driven by the growing awareness about health and cleanliness in houses as well as working spaces. Palm kernel and coconut trees are easily available in the tropical climate and the oil extracted from them serve as raw materials for lauric type surfactant hydrophobes. Partially or completely hydrogenated palm kernel and coconut fatty acids are extensively used in low color and low odor personal cleansing surfactants.
Asia Pacific region will play a major role in the palm kernel oil based natural fatty acids market development owing to favorable cultivating conditions and presence of various small, medium, and large scale industries. Application in detergents industry will also be catalyzed by the growing demand of the ever-increasing population of the region.
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
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Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
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Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
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Industry databases
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Regulatory filings
Government procurement records and policy documents
Academic research
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Company reports
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C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →