GVR Report cover Iran Palm Oil Market Size, Share & Trends Report

Iran Palm Oil Market Size, Share & Trends Analysis Report By Product (Crude Palm Oil, Palm Kernel), By Application (Edible Oil, Cosmetics, Bio-diesel, Lubricants, Surfactants), And Segment Forecasts, 2018 - 2025

  • Report ID: GVR-1-68038-415-4
  • Number of Pages: 105
  • Format: Electronic (PDF)

Industry Insights

The Iran palm oil market size was valued at USD 232.25 million in 2015. Relatively low selling price and resourceful usage in both edible & industrial applications are expected to drive industry growth over the forecast period. The product is utilized across several food applications such as bakery, cooking, and frying, along with other applications in the animal feed, biodiesel, and energy generation industries.

Demand is primarily influenced by the shift in trend towards bio-based cosmetics and the growing consumption of bio-based fuel sources to substitute declining fossil fuel reserves. The nation’s cosmetics industry is one of the largest in the Middle East. The influence of social media & Western culture has increased the pressure on individual grooming, personal care & physical appearance.

Iran palm oil market revenue by product, 2014-2025 (USD Million)

Iran palm oil market

This, in turn, has led to high demand for cosmetics, especially those conforming to sustainability trends & specifications. The termination of Western sanctions in Iran has positively affected industry growth in recent years. The removal of palm oil quota has also made it easier for traders to import the product from Malaysia and Indonesia among other nations.

Growing environmental concerns have also driven the consumption of renewable, alternative, and sustainable fuel & energy sources in the automotive, manufacturing and other industries. Increasing biodiesel consumption to combat depleting fossil fuel reserves is a major influencing factor for product demand in Iran.

Product Insights

The industry may be segmented by product into CPO and palm kernel. CPO may be further divided into refined, bleached & deodorized (RBD) oil, stearin, and olein. CPO is expected to emerge as the fastest-growing segment with a CAGR of 9.6% from 2016 to 2025. CPO forms a significant part of consumer diet since a majority of it is consumed directly as an edible or cooking medium owing to its several health & cooking benefits.

RBD products are also widely utilized for cooking, bakery, confectionery, and other applications. Crude palm products also serve as a substitute for more expensive vegetable products such as coconut, sunflower, and groundnut. Its derivatives & variants are widely used for cooking and frying applications, preparation of soaps, bakery, and confectionery applications.

The palm kernel sector may be broken down into palm kernel oil (PKO) and cake. PKO has specialized applications in confectionery fats as a substitute for cocoa butter. However, increasing awareness regarding high cholesterol levels due to PKO consumption has restricted industry growth.

Application Insights

Edible oil is likely to remain the dominant application segment, occupying over 71% volume share in 2015. Growing consumption of baked foods to counter rising obesity levels has largely influenced segment growth in recent years.

Cosmetics is expected to emerge as the fastest-growing segment with a CAGR of 10.9% from 2016 to 2025. The signing of an agreement between Iran and Western countries over the nuclear ambitions of the Islamic government has led to significant stabilization in the country. This has led to an improvement in the country’s business environment, attracting greater foreign investments.

Iran palm oil market volume share by application, 2015 (%)

Iran palm oil market

The proliferation of advanced advertising campaigns and rise in the awareness regarding personal grooming & beauty has positively affected product demand in cosmetics. Furthermore, the shift in trend towards renewable & sustainable energy sources has had a positive impact on regional consumption patterns.

Iran Palm Oil Market Share Insights

Key players include Kala Gostaran Sabz Andish Co Ltd, Middle East Gold Star Co., Golbarg Baharan, Savola Behshar Company, Jahan Vegetable Oil Company, Eghtsad-Andish Inc., Pars Vegetable Oil Co., Cargill, Margarine Manufacturing Co. Ltd.

Other companies such as Farayardehaye Roghanie Iran Co., KVSGS Co., AAK-AB, AL-Khaleej Industries Sdn Bhd, Golestan Dezful Cultivation & Industry Co., Narges Shiraz are mostly importers who rely on the supply of Malaysian & Indonesian products. This has created a nature of uncertainty regarding supply in the market and compelled suppliers to begin integrating backward into production themselves.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Volume in tons and revenue in USD Million & CAGR from 2018 to 2025

Regional scope


Report coverage

Volume & revenue forecast, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

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Segments covered in the report

This report forecasts volume & revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2014 to 2025. For the purpose of this report, Grand View Research has segmented the Iran palm oil market on the basis of product and application:

  • Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Crude Palm Oil

      • Refined, Bleached & Deodorized (RBD) Oil

      • Palm Stearin

      • Palm Olein

    • Palm Kernel

      • Palm Kernel Oil

      • Palm Kernel Cake

  • Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Edible Oil

    • Cosmetics

    • Bio-Diesel

    • Lubricants

    • Surfactants

    • Others

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