The new report by Expert Market Research titled, ‘Global Palm Oil Market Size, Share, Price, Growth, Report and Forecast 2020-2025′, gives an in-depth analysis of the global palm oil market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2015-2025)
One of the most important vegetable oils available in the market is palm oil, together with soybean oil. In significant markets such as Malaysia and Indonesia, oil palm seems to be one of the most significant oilseed crops. These factors are aiding the growth of the global palm oil market. The increasing population is leading to an increase in the consumption per capita in the global palm oil market. The industry has been pushed upwards with governments around the globe trying to reduce trans-fat consumption. Rising dietary preferences, as well as the growing demand from end-use industries, are also driving the industry growth. Their reduced energy consumption and low land requirements during the manufacturing cycle and their additional oil per hectare make them more sustainable, thus, furthering the growth of the market.
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Industry Definition and Major Segments
Palm oil is one of the market’s leading vegetable oil and is grown primarily in tropical countries. It is a high-class oil from oil palm trees originating in West Africa. Though primarily used in food in developing economies, the applications are multi-faceted. These are found in other products such as detergents, soaps, skincare products, lipsticks, as well as ice cream.
Based on application, the market is divided into:
By regions, the market is segmented into:
The governing bodies have launched programmes such as the Sustainable Palm Oil Production Program to address deforestation as well as a consequent loss of plant diversity. In addition, new technologies, including advanced satellite-based technology, which helps track deforestation, have been used to cope with the market growth constraints stated above and are expected to generate new market development opportunities. The focus of the growing manufacturer on sustainable and organic farming is further accelerated. The market for organic product has emerged as a result of a growing consumer understanding of the harmful effects on the environment and human health of agrochemicals used for the production of conventional crops. Organically grown plants deny the use from cultivation up to processing and final product packaging of any kind of chemical or agrochemical. Thus, the organic farming and products trend is expected to support the growth of the palm oil market in the coming years.
Key Market Players
The major players in the market are Wilmar International Ltd. (SGX: F34), Cargill, Incorporated (INDEXDJX: .DJI), Bunge Limited (NYSE: BG), and Archer Daniels Midland Company (NYSE: ADM), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Brazil Palm Oil Market – https://www.expertmarketresearch.com/reports/brazil-palm-oil-market
Latin America Vegetable Oil Market – https://www.expertmarketresearch.com/reports/latin-america-vegetable-oil-market
Latin America Palm Oil Market – https://www.expertmarketresearch.com/reports/latin-america-palm-oil-market
Vegetable Oil Market – https://www.expertmarketresearch.com/reports/vegetable-oil-market-report
Soybean Oil Market – https://www.expertmarketresearch.com/reports/soybean-oil-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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