Palm Oil Market 2018 | Global Industry Top Key Players: PT. Astra Agro Lestari, Tbk, FGV Holdings Berhad, IOI Corporation Berhad, Sime Darby and Musim Mas Group

Global Palm Oil Market Research Report has been analyzed in detail to help clients with all the vital data to frame tactical business judgments and propose strategic growth plans. The Global Palm Oil Market report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.

The worldwide market for Palm Oil is expected to grow at a CAGR of roughly 5.3% over the next five years, will reach 54700 million US$ in 2023, from 40200 million US$ in 2017, according to a new RRM (Research For Markets) study.

Palm oil is one of the world's most produced and consumed oils. This cheap, production-efficient and highly stable oil is used in a wide variety of food, cosmetic and hygiene products, and can be used as source for bio-fuel or biodiesel. Most palm oil is produced in Asia, Africa and South America because the trees require warm temperatures, sunshine and plenty of rain in order to maximize production.

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Global production of palm oil will increase to 62.88 million tons in 2017, and the production is expected to reach to 72.95 million tons in 2022, at a CAGR (Compounded Annual Growth Rate) of 3.02% between 2017 and 2022. Indonesia and Malaysia have still the largest production of palm oil.

MARKET SEGMENT BY MANUFACTURERS, THIS REPORT COVERS
• Felda Global Ventures
• IOI
• Sime Darby Berhad
• Musim Mas
• Astra Agro Lestari
• Bumitama Agri
• Genting Group
• KLK
• WILMAR
• RGE Pte
• Indofood Agri Resources
• Golden Agri Resources
• First Resources
• Sampoerna Agro

In the long term, global palm oil demand shows a tendency to increase as the world total population is growing and therefore increasing the consumption of palm oil-based products. India and China will be still the largest consumption of palm oil.

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This report focuses on the Palm Oil in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Type, covers
• Crude Palm Oil
• Palm Olein

Market Segment by Applications, can be divided into
• Foods
• Bio-Diesel
• Surfactants
• Cosmetics
• Others

In the long term, global palm oil demand shows a tendency to increase as the world total population is growing and therefore increasing the consumption of palm oil-based products. India and China will be still the largest consumption of palm oil.

The export volume is huge for palm oil industry. Indonesia and Malaysia are the main exporters.

Although sales of palm oil brought a lot of opportunities, the study group recommends the new entrants must consider adequately the probable risks before entering the industry.

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This release was published on openPR.