Palm Oil Market Set to Grow at Over 6% CAGR until 2024 - IMARC Group

1. Global Palm Oil Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

2. 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.

3. Report Description and Highlights Report Description Global Palm Oil Market Overview: According to the latest research report by IMARC Group, titled “Palm Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global palm oil market reached a volume of 77 Million Tons in 2018, expanding at a CAGR of nearly 7% during 2011-2018. Palm oil refers to edible vegetable oil which is procured from the mesocarp of the fruit of oil palms. The appearance of palm oil is reddish in color due to the high beta carotene content. Palm oil consumption is associated with numerous health benefits such as improving eye vision, increasing metabolism of the body, boosting the immune system, preventing premature aging and vitamin A deficiency, and reducing the risk of cancer and heart diseases. As a result, palm oil finds wide applications in the domestic and commercial sectors around the world. Global Palm Oil Market Trends Palm oil softens skin, improves hair growth and is a rich source of vitamin K, owing to which it is used in the manufacturing of cosmetics and personal care products such as soaps, shampoos, waxes, lipsticks and liquid detergents. Apart from this, palm oil is also utilized in the production of cooking oil, margarine, vegetable ghee, confectionary fats, ice creams, non-dairy creamers, salad dressings, agrochemicals, ink, charcoal, animal feed, and paper.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Million US$ in Million US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 For instance, the European Union and the US Government are offering subsidies to importers in order to promote large-scale imports of palm oil for biofuel production. Looking forward, the global market size is expected to be around 108 Million Tons by 2024, expanding at a CAGR of about 6% during the forecast period (2019-2024). Request for a free sample report: https://www.imarcgroup.com/palm-oil-processing- plant/requestsample

5. Report Description and Highlights Report Description Its expanding applications in both the food and non-food industries are strengthening the growth of the palm oil industry across the globe. Moreover, governments of various countries are undertaking initiatives to replace fossil fuels with biofuels. Key Market Segmentation: Market Segmentation by Application • • • • • • Household Cooking Food & Beverages Oleo Chemicals Personal Care Animal Feed Bio-fuel Based on applications, the market has been classified into household cooking, food and beverages, oleochemicals, personal care, animal feed and bio-fuel. At present, food and beverages dominate the market, holding the largest share.

6. Report Description and Highlights Report Description For more information, click here: https://www.imarcgroup.com/palm-oil-processing-plant Market Segmentation by Region • • • • • • • China North America Western Europe North East Asia South East Asia Middle East & Africa Eastern Europe Based on geography, North America holds the leading position in the market. Other major regions include China, Western Europe, North East Asia, South East Asia, Middle East and Africa, and Eastern Europe. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

7. Report Description and Highlights Report Description • • • • • • Wilmar International Sime Darby Berhad IOI Corporation Astra Agro Lestari Kuala Lumpur Kepong Berhad Golden Agri Browse Related Report Organic Baby Food Market Report: https://www.imarcgroup.com/organic-baby-food-market Food Services Market Report: https://www.imarcgroup.com/food-service-market

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9. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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