Press release
Global Palm Oil Market Demand Is Expected To Rise At CAGR Of Nearly 5% By 2031
Market SnapshotNewly released data from Fact.MR’s palm oil industry analysis shows that overall demand in 2022 is expected to top nearly US$ 33 Bn. As per the report, revenues are anticipated to grow 1.5x to reach nearly US$ 50 Bn by 2031, experiencing a compounded annual growth rate (CAGR) of nearly 5%.
To Get In-depth Information View Full Report – https://www.factmr.com/report/109/palm-oil-market
Key Points Covered in Palm Oil Industry Analysis
Market estimates and forecast 2016-2031
Key drivers and restraints impacting market growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Brand share and Market Share Analysis
Key Product Innovations and Regulatory Conditions
COVID-19 Impact on Palm Oil Market and How to Navigate
Recommendation on Key Winning Strategies
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Key Segments Covered
Product Type
Processed Palm Oil
Virgin Palm Oil
End User
Palm Oil Demand from Foodservices
Palm Oil Demand from Food Processing Industries
Palm Oil Demand from Retailers
Distribution Channel
Palm Oil Sales through Modern Trade Channels
Palm Oil Sales through Franchise Outlets
Palm Oil Sales through Specialty Stores
Palm Oil Sales through Online Channels
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Key Companies Profiled
American Vegetable Oils
Cargill Foods Inc.
Grief Inc.
Fuji Oil Holdings
Bunge Limited.
Associated British Foods
Ruchi Soya Industries
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Category-wise Insights
Why is Processed Palm Oil Likely to Remain Preferred?
As per Fact.MR’s palm oil industry analysis, processed palm oil is expected to outperform its virgin counterpart, accounting for 3/4th of the global demand through 2031.
Growth is majorly attributed to the presence of a higher concentration of saturated fatty acids compared to virgin palm oil. The latter is largely confined to cooking applications, yielding 1/4th of the global revenue until 2031.
How is the Foodservice Segment Favoring Palm Oil Sales Expansion?
Extensive palm oil applications owing to its high nutritional value across major food preparations is likely to impel sales in the foodservice domain.
As per Fact.MR, the foodservice segment is expected to generate revenue worth US$ 13 Bn by 2022. Simultaneously, the food processing industry is expected to generate an opportunity worth US$ 9 Bn by the same period.
For More Insights- https://www.einpresswire.com/article/556507335/growing-interest-for-text-to-text-assisting-technology-triggering-demand-for-smart-device-apps-fact-mr
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