Palm Kernel Oil Market Set for Rapid Growth and Trend, by 2024

1. Palm Kernel Oil Market  Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2024 ©2019 Transparency Market Research, All Rights Reserved

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3. Palm Kernel Oil Market  Overview Palm kernel oil, scientifically known as Elaeisguineensisjaq, is a plant oil derived from a palm seed. The unique crop of palm produces crude palm oil from the mesocarp and crude palm kernel oil from the kernel. A saturated vegetable fat, palm kernel oil is semi-solid at room temperature and mainly used for commercial cooking as it is cheaper than other oil types. It remains stable at high cooking temperatures and can be stored longer than other vegetable oils. Palm kernel oil is more saturated than palm oil and primarily used for edible applications and to manufacture soap, cream, lotion, and milk. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

4. Palm Kernel Oil Market Application  • The palm kernel oil market can be segmented based on its applications into the following groups: food products, personal care, biodiesel, and others. • In terms of geographies it is available in, the market can be distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

5. Palm Kernel Oil Market Application  By application, the food products segment held the major share in the market for palm kernel oil, which is used to manufacture ghee, butter, ice-cream, chocolate, and other dairy products. In terms of personal care applications, the oil is employed in the production of soap, cream, body lotions, and other products. It is also used for biodiesel and lubricant applications. The need for environment-friendly energy sources has led to intensified efforts with respect to research in that area. One such endeavor is the production of biofuels from palm kernel oil using methanol and sodium hydroxide pellets in a base-catalyzed trans-esterification reaction. When 187g palm kernel was trans-esterified with 37g of methanol and 0.7g of NaOH pellets at an operating temperature of 55°C, it resulted in a percentage conversion of 90.53% for palm kernel oil feedstock and 15.20g of glycerol. ©2019 Transparency Market Research, All Rights Reserved

6. Key players operating in the global palm kernel oil market include  Cargill Inc. United Palm Oil Industry Public Company Limited Wilmar International Limited Sime Darby Golden Agri Resources Limited ©2019 Transparency Market Research, All Rights Reserved

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