Low
to zero trans-fat content and the pocket-friendly pricing of palm oil
is fuelling demand from the global
palm oil market. Palm oil is one of the most widely used
vegetable oils and a common ingredient in biscuits, margarine,
breads, instant noodles, cereals, lipsticks, candles, chocolates,
shampoos, ice-cream, and detergents. The applications of palm oil are
therefore quite diverse, which aids the expansion of the global palm
oil market.
Palm
oil is
derived from a tropical tree, which, once planted, yields palm fruits
for more than three decades, ascertaining much needed employment for
the rural communities living in emerging nations such as Malaysia and
Indonesia. The oil is highly lucrative, particularly because palm
trees yield more oil per hectare than any other major oil seed crop.
The
report provides a comprehensive overview of the global palm oil
market, with focus on the factors driving the market and those
restraining it. It covers the market from the ground up covering
aspects such as the market definition, classification, and growth
trajectory. Regionally, the global palm oil market is segmented into
Asia Pacific, Europe, North America, and Rest of the World.
Overview
of Global Palm Oil Market
Palm
oil derived from palm fruit is an edible vegetable oil. In the last
couple of years, the demand for palm oil has increased in response to
the rising consumption of vegetable oils. Apart from its extensive
applications in the food and beverage industry and the retail
industry, palm oil is also used in biofuels.
Palm
oil is cost-effective and low in trans-fats, due to which its demand
is high in the global market. However, the expansion of palm tree
plantations is usually carried out at the expense of tropical
forests, particularly in countries such as Malaysia. Rising
environmental concerns thus pose a tough challenge in front of
enterprises operating in the global palm oil market.
Large-scale
deforestation for palm oil production has not only aggravated the
already worrying issue of climate, but has also led to the extinction
of many animal species. However, the market is expected to capitalize
in the near future on opportunities created by sustainable palm oil
production.
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To
present a 360-degree blueprint of the market, the report studies
demand for diverse palm oils available in the market such as red palm
oil, kernel oil, while palm oil, fractionated palm oil, and others.
Factors leading to the rising application of palm oil in industries
such as energy, health, food, and others are also evaluated in
detail.
Malaysia
is the leading producer of palm oil in the world. Over the forecast
period, India and China are also expected to substantially contribute
to the expansion of the palm oil market in Asia Pacific.
Companies
mentioned in the research report
Some
of the most prominent enterprises operating in the market are Alami
Group (Malaysia), Musim Mas Group (Indonesia), ADM (US), the United
Palm Oil Industry Public Company Limited (Thailand), and Boustead
Group (Malaysia).
Major
geographies analyzed under this research report are:
- Europe
- North America
- Asia-Pacific
- Rest of the World
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key
highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
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