Palm Oil Market - Forecast (2021 - 2026)

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Palm Oil Market Forecast (2021 - 2026)
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• Palm Oil Market size is estimated to be 81.9
  billion in 2019, growing at a CAGR of 6.0 during
  the forecast period 2020-2025.
• Palm Oil an edible vegetable oil that is derived
  from the mesocarp (reddish pulp) of the fruit of
  the oil palms. Two types of oil can be produced,
  crude palm oil comes from squeezing the fleshy
  fruit, and palm kernel oil which comes from
  crushing the kernel, or the stone in the middle
  of the fruit. Palm oil is used as a cooking oil
  and is also added to many ready-to-eat foods in
  daily grocery store.

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• Key Takeaways
• Asia-Pacific dominates the Palm Oil Market in the
  year 2019 owing to increasing disposable income,
  major share of the global palm oil production and
  nutritious foods in place of conventional meals,
  health concerns regarding trans-fat consumption
  and presence of key market players in the region.
  
• Increasing consumer awareness regarding positive
  health benefits of palm oil, changing consumption
  habits of consumers towards nutritional diet and
  increasing demand for biofuels in upcoming years
  is estimated to drive the industry growth during
  the forecast period 2020-2025.

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By Distribution Channel- Segment Analysis Crude
Palm Oil held the largest share in the type
segment of Palm Oil Market in 2019 and is
estimated to grow at a CAGR of 5.4 during the
forecast period 2020-2025. Commonly it is
combined or mixed with coconut oil to make highly
saturated vegetable fat, which is also used for
cooking purposes. Main usage of CPO is for
cooking purposes and is largely used in
South-East Asia, West Africa and some parts of
Brazil. 
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• Palm Oil Industry Outlook 
• Wilmar,
• Sime Darby,
• IOI Corporation,
• Kuala Lumpur Kepong,
• Asiatic Development,
• London Sumatra,
• Boustead,
• United Plantations Bhd.

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Palm Oil Market - Forecast(2021 - 2026) Learn
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