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According to the latest report by IMARC Group, the global palm oil market size reached US$ 48.10 Billion in 2020.<br>Palm oil is a reddish, edible vegetable oil produced from the mesocarp of oil palm fruits. As compared to other oils, it is a rich source of antioxidants, vitamin E, and carotene. <br>Other than this, palm oil remains stable at high temperatures, which makes it ideal for deep frying applications.
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Global Palm Oil Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
Report Description and Highlights Report Description Global Palm Oil Market Outlook 2026: According to the latest research report by IMARC Group, titled “Palm Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global palm oil market size reached US$ 48.10 Billion in 2020. Palm oil is a reddish, edible vegetable oil produced from the mesocarp of oil palm fruits. As compared to other oils, it is a rich source of antioxidants, vitamin E, and carotene. Other than this, palm oil remains stable at high temperatures, which makes it ideal for deep frying applications. It is free from trans-fatty acids as it does not go through the hydrogenation process that generates high amounts of trans fats that can cause various health problems. Palm oil is used in the production of numerous food items and various consumer goods, such as soaps, cosmetics, candles and detergents. Request for a free sample report: https://www.imarcgroup.com/palm-oil-processing- plant/requestsample
Report Description and Highlights Report Description Global Palm Oil Market Trends: The growth of the global palm oil market can be attributed to the rising demand for healthy vegetable oils. Besides this, palm oil is used as a feedstock in the biofuels industry for producing biodiesel and a substitute for mineral oil in power plants. The rising environmental concerns, along with favorable government initiatives aimed to increase the adoption of biofuels, are boosting the market growth. Apart from this, fatty acids derivatives of palm oil are employed in the production of bactericides, cosmetics, pharmaceuticals, and water treatment materials, which is supporting the market growth further. The growing demand for consumer goods such as soaps, detergents, greases, lubricants, and candles is contributing to the expanding demand for palm oil across the globe.
Report Description Report Description and Highlights Market Summary: Breakup by Application: • Household cooking • Food and beverages • Oleochemicals • Personal care • Animal feed • Bio-fuel Breakup by Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa Looking forward, the global palm oil market is expected to witness moderate growth during 2021- 2026.
Report Description and Highlights Report Description Competitive Landscape With Keyplayer: • Wilmar International Ltd • Sime Darby Berhad • IOI Corporation Berhad • PT Astra Agro Lestari Tbk • Kuala Lumpur Kepong Berhad • Golden Agri-Resources Ltd View Report TOC, Figures and Tables : https://www.imarcgroup.com/palm-oil-processing-plant
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