Global Palm Oil Market Analysis is Projected to Reach Nearly US$ 33.7 Bn by 2022-end
A freshly compiled business intelligent report, titled “Palm Oil Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Palm Oil” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.Request For Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=109
Palm oil is a form of edible vegetable oil extracted from the palm tree fruit. Originating in Western Africa, the tree is able to flourish in any tropical region with abundant heat and rainfall. The palm oil market has grown by leaps and bounds since the 1980’s mainly because of the unique functional product properties of palm oil. The palm oil market serves a diverse range of industries such as cosmetics, energy, animal feed, pharmaceutical, and foodservice. It wouldn’t be an exaggeration to say that products derived from palm oil are account for more than 50% of all products displayed on the stores shelves of most supermarkets.
According to Fact.MR, the global market for palm oil is expected to grow at a moderate CAGR, raking more than US$ 33.7 Bn revenues by the end of forecast period, 2017-2022.
Environmental Concerns Could Pose a Major Challenge to Palm Oil Market
The numerous use cases of products available in the palm oil market are well-known. However, the palm oil market is unfortunately connected to environmental concerns such as habitat degradation, deforestation, climate change, indigenous rights abuses, and animal cruelty. The World Wildlife Fund estimates that a rainforest area equal to 300 football fields is cleared every hour to produce palm oil. This rampant destruction of the planet’s flora can also drive much of its fauna into extinction. Studies have shown that at the present rate, the Orangutan has less than a decade and the Sumatran Tiger less than three. The palm oil market alone represents around a third of the global vegetable oil production but the impact of this on the rich bio-diversity of tropical regions can be extremely devastating. The palm oil market is anticipated to be worth almost US$ 28 billion in 2017 alone.
Browse Full Report with TOC @https://www.factmr.com/report/109/palm-oil-market
Processed Segment Much Larger than Virgin Segment in Palm Oil Market
The processed segment far outpaces its virgin counterpart in the palm oil market with a revenue share approaching three-fourths by product type. A CAGR of 4.1% for the period from 2017-2022 should help it reach a market value of just under US$ 20 billion in 2017. Europe alone contributes a third of the revenue share and it is projected to retain this share throughout the course of the forecast period. The virgin segment of the palm oil market is much smaller in comparison and is particularly attractive in two regions – Europe and APEJ. Key stakeholders would be advised to focus their attention on these for the maximum opportunities that exist in the palm oil market.
Food Processor Segment a Niche in the Palm Oil Market
A revenue share of slightly over a quarter in the palm oil market makes the food processor segment a relative minnow, especially when contrasted with the foodservice segment. However, it wouldn’t be wise to ignore a market opportunity of more than US$ 9 billion in 2022 and companies involved could devise customized market strategies to target this niche in the palm oil market.
Competition Dashboard in the Palm Oil Market
A few of the most prominent companies in the palm oil market are Cargill Inc., American Vegetable Oils, Grief Inc., Bunge Limited, Fuji Oil Holdings, Ruchi Soya Industries, and Associated British Foods.
Check Discount @ https://www.factmr.com/connectus/sample?flag=D&rep_id=109
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Palm Oil Market Analysis is Projected to Reach Nearly US$ 33.7 Bn by 2022-end here
News-ID: 1037482 • Views: …
More Releases from Fact.MR
Allyl Polyether Market Expected to Grow at 4.5% CAGR to US$ 99.1 Million by 2033
The global Allyl Polyether Market (アリルポリエーテル市場) was valued at approximately US$ 63.8 million in 2023 and is projected to reach around US$ 99.1 million by the end of 2033, growing at a compound annual growth rate (CAGR) of 4.5%.
The Allyl Polyether Market is a segment of the polymer industry that has been witnessing steady growth in recent years. This growth can be attributed to several factors, including the increasing demand…
Construction Aggregate Market to Surge at 6.5% CAGR Through 2034
The global Construction Aggregate Market (建設骨材市場) is poised to reach US$ 418.14 billion by 2024, with a projected Compound Annual Growth Rate (CAGR) of 6.5% from 2024 to 2034. The surge in global population has fueled construction activities, leading to a substantial demand for construction aggregates. Moreover, governments in developing nations are heavily investing in infrastructure development, further boosting the demand for construction aggregates. The launch of numerous mega projects…
Chromatography Syringes Market to Experience Notable Growth by 2032
The market research and competitive intelligence company Fact.MR recently released a report estimating that sales of Chromatography Syringes would reach a valuation of US$ 140 million by 2032, growing at a compound annual growth rate (CAGR) of roughly 6% between 2022 and 2032.
Developments in chromatography syringe design and calibration, such as digitalization leading to appropriate sample pooling, are improving the performance of chromatography columns. These advancements offer benefits such faster…
Sacroiliac Joint Fusion Market: An Overview of the Forecasted CAGR of 20.2% from …
It is projected that the worldwide market for Sacroiliac Joint Fusion would be valued US$ 3,900 million by 2032, up from US$ 620 million in 2022. The market is anticipated to expand at a CAGR of 20.2% between 2022 and 2032. the rapid technological advancement in the healthcare industry and the growing demand for minimally invasive surgical treatments are responsible for the market's progress. orthopedic doctors at Yale Medicine frequently…
More Releases for Oil
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
According to Fact.MR, the sales of cooking oils are expected to increase at a steady pace during the forecast period. The global cooking oil market is projected to expand at a value CAGR of 5.5% during the period of assessment (2017-2026). Also, Fact.MR analysis has revealed that the volume sales of cooking oils is estimated to surpass 250,000,000 tons by the end of the year of assessment (2026). Health advantages associated with…
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
Since several years, cooking oil section in supermarkets and hypermarkets has been a crowded spot, where individuals keep choosing on several cooking oil options available that are healthy to consume. Cooking oil is an essential component in daily cooking activity, be it a restaurant or home. This, in combination with increasing population percentage, especially in emerging economies, is expected to fuel the consumption of cooking oils. However, aspects related to…
Specialty Fats and Oils Market (Product Type - Specialty Oils (Corn Oil, Sun Flo …
The global Specialty fats and Oils Market expected to reach a value of US$ 142.1 Bn by 2026. The market projected to grow at a CAGR of 6.6 % in terms of revenue during the forecast period from 2018 to 2026, according to a new research report by Transparency Market Research (TMR). The product manufactured may vary according to the end use application of processing by specialty fats and oils.…
Europe Mosquito Repellent Candles Market by Raw Material Type : Citronella Oil, …
Albany, New York, July 17, 2017 : Recent research and the current scenario as well as future market potential of "Mosquito Repellent Candles Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" globally.
Mosquito repellent candles are having huge untapped potential for growth. In contrast to the other categories of mosquito repellent products that are available in the market such as mosquito creams, liquids, coils, and…