Palm Oil Market to Grow Massively by 2020-2025 with Top Players Wilmar International Limited (Singapore), Cargill Inc., IOI Corp., Sime Darby, Golden Agri Resources Limited, Godrej Agrovet Limited

Global Palm Oil market would thus note a steady growth over the forecast period of 2020 - 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Palm Oil market. In, turn, this will lead to improvement in market worth.

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Global Palm Oil Market: Notable Development
Global Palm Oil market is set to witness growth and a number of notable developments are paving the way for the same. The competitive landscape is also duly impacted by these developments. A deep dive can be had a published report by Adroit Market Research.

The global Palm Oil market is highly consolidated. And, key players in the global Palm Oil market are Wilmar International Limited (Singapore), Cargill Inc., IOI Corp., Sime Darby, Golden Agri Resources Limited, Godrej Agrovet Limited, Kulim BHD and London Sumatra.

Global Palm Oil Market: Key trends and driver
Palm oil market is majorly driven by rapidly increasing usage of products as bio-based diesel. Other factors fueling the market at global level include several initiatives including RSPO, POIG & more and rising use of the product as a trans-fat substitute in processed foods. Moreover, consumers across the globe are opting for bio-based cosmetics, lubricants and surfactants over other products which has further prompted the palm oil market. Furthermore, key trends of the palm oil industry include increasing demand for red palm oil, rising shift towards palm oil crop transplanting as well as growing sustainable palm oil production.

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Global Palm Oil Market: Regional Analysis
Geographical segmentation of the palm oil industry includes several key regions such as Europe, Asia Pacific, North America and rest of the world (RoW). Asia Pacific is leading the global market and is expected to witness a significant growth over the forecast period owing to rising consumption of palm oil in several industries in the region. Moreover, Indonesia & Malaysia are the key producers as well as exporters of palm fruit that is majorly contributing towards the growth of palm oil market in Asia Pacific region. On the other hand, North America and Europe are estimated of growing at a moderate rate over the forecast period.

Key segments of the global palm oil market include:

o Type Segmentation
o Palm kernel oil
o Crude palm oil
o Others

o Application Segmentation
o Bio-diesel
o Cooking oil
o Lubricant
o Cosmetics
o Others

o Geographical Segmentation
o Europe
o Asia Pacific
o North America
o Rest of the world (RoW)

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