Palm Oil Market Overview:
The palm oil demand from industrial verticals such as the
food, beverage, personal care, biofuel, energy, and cosmetics industries is
chiefly driving the market. The top manufacturers of the Asia Pacific region
are easily getting access to raw materials in the region. Moreover, the market
in the present forecast is noticed as highly competitive and comprehensive due
to the huge number of prominent players who are in the race to gain a
competitive edge with a high production rate, high product quality, superior
distribution networks, and competitive strategies.
The Palm
Oil Market Size will reach a strong valuation of USD 98.84 billion by
2030, at a 5.20% CAGR from 2022 to 2030.
Indonesia is considered the largest palm oil producer and
exporter. The government here supports palm oil plant cultivation. The palm oil
industry has become a source of income for small and medium-scale producers.
Therefore, it is responsible upliftment of the cultivators in the region. Palm
oil has witnessed major demand from the biofuel industry for producing biofuel
as a sustainable alternative to crude oil. The biofuel industry highly promotes
the market’s growth.
Top Key Players: The global Key Palm Oil Market
Players are:
·
Cargill Inc. (U.S)
·
Wilmar International Limited (Singapore)
·
Sime Darby (Malaysia)
·
IOI Corp. (Malaysia)
·
Golden Agri Resources Limited (Singapore)
·
Kulim BHD (Malaysia)
·
Godrej Agrovet Limited (India)
·
London Sumatra (Indonesia)
Regional Analysis:
Based on the regional growth, the Palm Oil Market is showing
massive across Europe, North America, Asia-Pacific, Latin America, and other
regions.
Among the above geographical region, the Asia Pacific is
noticed as the supreme leader, which is projected to show substantial growth in
the forecast. The region is accelerating due to the higher consumption rate of
palm oil in industrial sectors. Indonesia and Malaysia, the major exporters of
palm fruit, are driving the global market.
North America and the European region will show decent
growth in the forecast period due to the higher penetration rate of biodiesel.
These regions are also noticing extensive demand for organic palm oil in
different end-use segments. As observed in the ongoing forecast, Latin America
and, the Middle East & Africa are the rapid-growing regions.
Market Segments:
The Palm
Oil Market Overview is segmented into major market segments such
as type and application.
The type segment is categorized into palm kernel oil, crude
palm oil, and others. Among these, crude palm oil takes the lead due to less
saturated fat. Palm oil has tocotrienols which is a rich source of vitamin E
and antioxidant. Palm kernel oil is also noticing significant market growth due
to its usage as feedstock for animal feed and biomass.
The application segment of the Palm Oil Market is subdivided
into cooking oil, lubricant, biodiesel, cosmetics, and others. The cooking oil
segment and the cosmetic segment is witnessing significant growth in the
forecast period.
Industry News:
In September 2022, 3F Oil Palm, a leading Hyderabad-based
oil palm company, announced its investment in the northeast of the country by
setting up an integrated oil palm factory in Arunachal Pradesh. The
groundbreaking ceremony of the company is to take place on 30th September 2022
at Roing in Dibang Valley. The company has covered 120 acres of land for the
project. Necessary statutory clearances and approvals related to the land were
obtained.
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Pflanzlicher
Lebensmittelmarkt: Informationen nach Typ (pflanzliche Milch und
Derivate [pflanzliche Milch, pflanzlicher Käse, pflanzlicher Joghurt,
pflanzliche Butter und andere], Bäckerei und Süßwaren, süße und herzhafte
Snacks, pflanzliche Säfte, RTD-Tee & Kaffee, RTE- und RTC-Mahlzeiten und
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(Filialbasiert [Supermärkte und Verbrauchermärkte, Convenience-Stores und
andere] und Non-Store-basiert) und Region (Nordamerika, Europa, Asien-Pazifik
und Rest der Welt) - Prognose...
植物ベースの食肉市場調査レポート：製品タイプ別情報（豆腐＆豆腐製品、ソーセージ、セイタン、テンペ、その他）、ソース（大豆、小麦、エンドウ豆、その他）、流通チャネル（店舗ベース
{スーパーマーケット＆ハイパーマーケット、コンビニエンスストア、その他}、非店舗ベース）-2030年までの予測
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