New York, NY -- (SBWIRE) -- 08/09/2019 -- It evaluates the data gathered to give an extensive view of the trends and predicts the possible developments in the forecasted duration. For this study, historical data has been collected from the years 2016 and 2017 while taking 2018 as the base year to estimate the rise of the industry in the years 2019 to 2026. The global production of palm oil crossed more than 77 million tons in 2018 and is expected to cross 100 million tons by 2024. The Indian palm oil market value alone is speculated to reach USD 13 billion by 2025.

Palm oil is a vegetable oil extracted from the reddish pulp of fruits of the tropical oil palm trees. The expanding number of applications of palm oil in both the edible and non-edible sector is the key factor driving the growth of the palm oil industry. Palm oil is the most commonly used edible oil in the form of frying oils, vegetable ghee, and non-diary creamers.

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Palm oil is used for various applications in the food sector, for instance, in making biscuits, bread, instant noodles, and chocolates, among other products. Palm oil offers multiple advantages over other vegetable oils, including its low-to-almost-zero trans-fat content, low-cost and longer shelf-life, which is fueling its demand in the global market. The growing awareness for the health benefits of palm oil has added to the growth. Governments around the world are undertaking initiatives to cut the consumption of trans-fat. This will, in turn, promote the use of palm oil.

Palm also has a wide number of applications in the non-edible sector. It is used in the processing of cosmetics, detergents, soaps, shampoos, and cleaners. Power stations around the world are also using palm oil as a biofuel substitute for mineral oil, which is expected to boost the market. Furthermore, palm oil is also being consumed as an alternative to fossil fuel in transportation and energy industries.

The large scale deforestation of tropical forests for the expansion of palm oil is a major concerning factor for climate change and has also led to the loss of many animal species. In response, companies are adopting sustainable ways of palm oil production. However, the new sustainable methods of palm oil production have resulted in a higher production cost making it difficult for new players to capitalize on the opportunity. Others restraints on the production of palm oil include unexpected weather conditions and the increasing stringency of government regulations to abide with sustainability in both production and extraction may hamper the growth of the market.

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Some of the key findings from our Palm Oil market forecast report
The report performs an investigation of the palm oil market to predict its prospective development. Past data has been collected from the years 2016 and 2017 while taking 2018 as the base year to estimate the trends in the years 2019 to 2026. The industry has been categorized into different segments based on type as Crude Palm Oil and Palm Kernel Oil and based on application as Food, Bio-Diesel, Surfactant, Cosmetics, and others, to assess their size, share, demand, trends, gross profit, total earnings, revenue and speculate further aspects. The key findings of the study include the rising demand for red palm oil, transplanting palm crop, and sustainable palm oil production. This report also evaluates the competition to derive the individual placements of the key players in the global sector.

Global Palm Oil market overview
The global palm oil industry is projected to undergo a steady rise in the forecasted years, as observed by the outcome of the analysis provided in this study. The report encompasses the different factors that have a substantial impact on revenue of the businesses. This study also profiles the key players that account for a significant share in the global economy of the palm oil business. The key players are continuously working on expanding their application portfolio, which includes bio-based oils, lubricants, and cosmetics, among others. This continuous innovation has helped them stay relevant in the market.

Key players in the global Palm Oil market:
Felda Global Ventures, Sime Darby Berhad, Musim Mas, Astra Agro Lestari, Bumitama Agri, Genting Group, Kuala Lumpur Kepong Berhad, WILMAR, RGE Pte, Indofood Agri Resources, Golden Agri Resources, First Resources, Sampoerna Agro

Market segment based on Type:
Crude Palm Oil
Palm Kernel Oil

Market segment based on Application:
Food
Bio-Diesel
Surfactants
Cosmetics
Others

Market segment based on Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Table of Contents:

1 Market Overview

2 Manufacturers Profiles

3 Global Palm Oil Market Competition, by Manufacturer

4 Global Palm Oil Market Analysis by Regions

5 North America Palm Oil by Countries

6 Europe Palm Oil by Countries

7 Asia-Pacific Palm Oil by Countries

8 South America Palm Oil by Countries

9 Middle East and Africa Palm Oil by Countries

10 Global Palm Oil Market Segment by Type

Continue…

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