Palm oil derived from palm fruit is an edible vegetable oil. It is composed of fatty acids, esterified with glycerol. It has reddish color because of high beta-carotene content. Palm oil is used to produce both methyl ester and hydro deoxygenated biodiesel. It can be applied to wounds as well because it has antimicrobial effects.
Palm Oil Market: Key Players
The research study includes profiles of leading companies operating in the global Palm Oil market. Key players profiled in the report include: Wilmar, Sime Darby, IOI Corporation, Kuala Lumpur Kepong, Asiatic Development, London Sumatra, Boustead, United Plantations Bhd, Kulim Bhd, and IJM Plantations.
Drivers for the Global Palm Oil Market:
Palm oil is cost-effective and low in trans-fats, due to which its demand is high in the global market. Additionally, growing demand for organic products has positive impact on growth of palm oil market. Its wide array of uses in food industry boosts the market of palm oil.
Opportunities for the Global Palm Oil Market:
Increasing demand from biodiesel and lubricants sectors will create lucrative opportunities for palm oil market in near future. Further, the adoption of new technologies such as advanced satellite-based technology will enhance the growth of palm oil market. It is further accelerated by the growing manufacturer’s focus towards sustainable and organic cultivation.
Restrains for the Global Palm Oil Market:
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.
Region Wise, Global Palm Oil Market Analysis:
The Asia Pacific market is estimated to be the leading market for Palm Oil during the forecast period because of increasing production and consumption of palm oil in regions like India and China. Malaysia and Indonesia are major producers of Palm Oil and is major hub for companies to make investments in the field. Other regions such as North America and Europe are highly dependent on imports from the Asia Pacific countries.
Global Palm Oil Market: Product Analysis
- Crude Palm Oil
- Palm Kernel Oil
- Palm Kernel Cake
Global Palm Oil Market: Application analysis
- Edible Oil
- Biodiesel
- Surfactants
- Cosmetics
- Lubricants
- Others
Global Palm Oil Market: Region analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- ASEAN
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Colombia
- Rest of L.A.
- Middle East and Africa
- Turkey
- GCC
- UAE
- South Africa
- Rest of Middle East
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