Europe Palm Kernel Expeller Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Palm Kernel Expeller (PKE), a by-product of palm oil extraction, has become a pivotal component in Europe's industrial landscape. Its applications span various sectors, each leveraging its unique properties to meet specific requirements.
Animal Feed Industry: Nutritional Benefits and Applications
PKE is rich in protein, typically containing around 14% to 18%, and fiber, making it an excellent ingredient for animal feed. Its inclusion in livestock diets supports growth, muscle development, and overall health. European farmers have increasingly adopted PKE as a cost-effective feed component, especially for ruminants like cattle and sheep, due to its high digestibility and energy content. This practice not only enhances animal nutrition but also contributes to sustainable agriculture by utilizing a by-product that might otherwise go to waste.
Biofuel Sector: Renewable Energy Source
The biofuel industry in Europe has recognized the potential of PKE as a renewable energy source. Its organic composition and calorific value make it suitable for biomass energy generation. Utilizing PKE in biofuel production aligns with the European Union's renewable energy directives, aiming to reduce greenhouse gas emissions and dependence on fossil fuels. Companies have been investing in technologies to efficiently convert PKE into biofuels, thereby supporting the transition to a more sustainable energy infrastructure.
Industrial Applications: Fertilizers and Soil Conditioners
Beyond feed and fuel, PKE finds applications in producing fertilizers and soil conditioners. Its nutrient-rich profile enhances soil fertility, promoting sustainable farming practices. European agricultural sectors have integrated PKE-based fertilizers to improve crop yields and soil health, reflecting a growing trend towards organic and eco-friendly farming inputs.
Market Dynamics: Supply, Demand, and Sustainability
The European PKE market is influenced by several factors, including palm oil production levels, import regulations, and sustainability certifications. In 2020, Europe's total use of palm kernel expeller reached 1.9 million metric tons, indicating its significant role in various industries. The demand for sustainably sourced PKE has led to increased certifications and traceability measures, ensuring that the product meets environmental and ethical standards. This shift responds to consumer awareness and regulatory pressures advocating for responsible sourcing practices.
Future Prospects: Technological Advancements and Industry Requirements
Advancements in processing technologies are expected to enhance the quality and applications of PKE. The development of more efficient extraction and refinement methods could open new avenues in the pharmaceutical and cosmetic industries, where PKE-derived products might serve as base materials. Additionally, the alignment of PKE utilization with circular economy principles supports waste reduction and resource efficiency, further solidifying its position in Europe's industrial ecosystem.
Conclusion
Palm Kernel Expeller has established itself as a versatile and valuable commodity in Europe, catering to the needs of the animal feed, biofuel, and agricultural sectors. Its sustainable sourcing and multifaceted applications not only drive economic benefits but also contribute to environmental conservation efforts. As industries continue to innovate and prioritize sustainability, PKE's role is poised to expand, reinforcing its importance in meeting Europe's industrial requirements.
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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 Europe 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
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe 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. Europe Palm Kernel Expeller Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Palm Kernel Expeller Market, By Type
6. Europe Palm Kernel Expeller Market, By Application
7. Europe Palm Kernel Expeller Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Palm Kernel Expeller Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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