Palm Kernel Expeller Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 1.9 Billion by 2033, exhibiting a CAGR of 6.3% from 2026 to 2033.
The South Korea Palm Kernel Expeller Market has been witnessing significant growth due to the increasing demand for palm kernel oil across various industries. As the palm oil industry continues to expand globally, palm kernel expellers (PKE) play a crucial role in extracting oil from the palm kernels. This market is driven by several factors, including the rise in demand for edible oils, cosmetics, and biofuels, all of which utilize palm kernel expellers for efficient oil extraction.
One of the key drivers for the growth of the Palm Kernel Expeller Market in South Korea is the country's strong industrial base, which relies heavily on processed oils. The food processing, pharmaceutical, and cosmetic industries in South Korea have specific requirements for high-quality oils, which increases the demand for efficient expelling systems. Palm kernel oil, being a popular raw material due to its versatility, is crucial for these industries to meet consumer demands. Additionally, the South Korean government's supportive policies towards biofuel production and renewable energy sources further enhance the need for palm kernel expellers.
Moreover, with the rise of environmental awareness, industries are focusing more on sustainable sourcing. The palm kernel expeller market in South Korea is gradually adapting to the need for eco-friendly and energy-efficient machines that reduce waste and ensure minimal environmental impact. This shift towards sustainability is crucial for attracting investments in palm kernel expeller technology.
From the industrial perspective, the demand for palm kernel expellers varies based on the level of oil extraction efficiency required. Industries such as food production need expellers that can extract oil without compromising the quality of the palm kernel oil. Cosmetic and pharmaceutical companies, on the other hand, require expellers that ensure the oil remains pure and free from contaminants, as these oils are often used in formulations for sensitive skin products.
South Korea’s strategic position in the Asia-Pacific region also contributes to its role as a hub for palm kernel expeller production and distribution. The robust infrastructure and strong manufacturing capabilities enable local businesses to meet the growing demand in both domestic and international markets. As the demand for palm kernel oil continues to surge, the Palm Kernel Expeller Market in South Korea is expected to expand, providing innovative and efficient solutions for industries looking to meet their oil extraction needs.
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ADM
Stance Global
Agrifeeds
KW Alternative Feeds
PT Sinar Jaya Argo Investama
Wilmar International
Tristar Global
Riverina
Compass Feeds
Prorich Agro Foods
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Palm Kernel Expeller Market
Food Industry
Animal Feed
Cosmetics and Personal Care
Biofuel Production
Pharmaceuticals
Crude Palm Kernel Expeller
Refined Palm Kernel Expeller
Organic Palm Kernel Expeller
Conventional Palm Kernel Expeller
Food Grade
Industrial Grade
Pharmaceutical Grade
Cold Pressed
Hot Pressed
Bags
Bulk Containers
Drums
Custom Packaging Solutions
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Palm Kernel Expeller Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Palm Kernel Expeller Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Palm Kernel Expeller Market, By Type
6. South Korea Palm Kernel Expeller Market, By Application
7. South Korea Palm Kernel Expeller Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Palm Kernel Expeller Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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