Global Palm Oil Market | Share, Size, Price Trends And Forecast 2018-2023

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  Global Palm Oil Market Fuelled by Government
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Report Description and Highlights
Report Description
Global Palm Oil Market Fuelled by Government
Support The global palm oil market is currently
witnessing a positive growth. This can be highly
accredited to the factors such as long shelf life
and various health benefits of palm oil,
expanding non-food applications as well as a
strong demand from emerging regions. Palm oil is
an edible vegetable oil extracted from the fruit
of oil palms. The appearance of palm oil is
reddish in colour due to the high beta carotene
content. As compared to other vegetable oils,
palm oil has emerged as the key global source of
vegetable oil on account of satisfactory
availability, versatility in usage and lower
cost. Further, healthcare benefits of palm oil
include ability to enhance energy levels, improve
eye vision, boost immunity system, prevent
premature ageing and reduce the risk of cancer
and heart diseases. A new research report title
Palm Oil Global Industry Trends, share, Size,
Growth, Opportunity and Forecast 2018-2023 by
IMARC Group estimates that the market reached a
volume of more than 52 million tons in 2017. The
report further anticipates the market to reach
approximately 72 million tons by 2023, at a
projected CAGR of 5.5 over the forecast
period.
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Report Description and Highlights
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Report Description and Highlights
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• Market Drivers/Constraints
• As palm oil is resistant to oxidation and can be
  used in even high temperatures, it helps in
  promoting a longer shelf life of the products.
  This has facilitated its application in a number
  of products in the food industry.
• In recent years, governments across various
  nations have taken initiatives to curb the
  consumption of trans-fat which has resulted in
  the increased use of palm oil globally.
• There is also a high demand for palm oil in the
  consumer goods industry as a result of its fatty
  acid composition, where it is widely used for
  manufacturing soaps, detergents, lubricants,
  greases, candles, etc.
• Moreover, palm oil is also being considered as an
  effective alternative to fossil fuels in
  transportation and energy industries. In
  addition, it is also used as an alternative to
  mineral oil in power stations for energy
  production.
• However, as the cultivation of palm oil involves
  the felling of tropical forests or the burning of
  peatlands, this has elevated the levels of
  deforestation, particularly in South-east Asia.
  This acts as a major constraint for the growth of
  the palm oil market.
• Read full report _at_ https//www.imarcgroup.com/palm
  -oil-processing-plant

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Report Description and Highlights
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Application Insights Based on application,
foods represent the largest application segment
accounting for the majority of the global palm
oil market. This can be accredited to the rising
consumer preferences for healthier cooking oil in
both mature as well as emerging markets. Foods is
followed by consumer products and
energy. Regional Insights On a geographical
front, India exhibits a clear dominance in the
palm oil market. This is due to the confluence of
affordability of palm oil and various government
initiatives. It is followed by Indonesia, the
European Union, China, Malaysia, etc. Request
Sample Of The Report https//www.imarcgroup.com/r
equest?typereportid500flagB
 
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Report Description and Highlights
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• Competitive Landscape
• The market is highly concentrated with the
  presence of established manufacturers who compete
  in terms of prices and quality. There is an
  intense competition in the market which makes it
  difficult for new entrants to survive without any
  acquisition. Some of the leading players
  operating in the market are
• Wilmar International
• Sime Darby Berhad
• IOI Corporation
• Astra Agro Lestari
• Kuala Lumpur Kepong Berhad
• Golden Agri
• Browse more related reports
• Rice Bran Oil Market https//www.imarcgroup.com/r
  ice-bran-oil-processing-plant
• oybean Oil Market https//www.imarcgroup.com/soyb
  ean-oil-processing-plant

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Report Description and Highlights
Report Description

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