openPR Logo
Press release

The Palm Oil Market To Clamber On The Shoulders Of Innovation

The Palm Oil Market To Clamber On The Shoulders Of Innovation

Palm oil is the most widely accepted edible oil across the globe, produced from the pulp of fruits. This wide acceptance by key players operating in the food manufacturing and food service industry can be justified by its functional properties. Palm oil is known to offer a good balance between the taste, texture, and nutritional composition of a product. High stability over time, neutral taste and smell, smooth and creamy texture, and versatility are other factors responsible for increased penetration of palm oil across the globe. As an oil, it is versatile with over 20 derivatives, all with varying melting points, allowing it to be used across sectors and commodities.

To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/32448

Different voluntary standards and certifications have emerged in the recent past to ensure that palm oil is produced in accordance with globally recognized standards, addressing various environmental and social issues. As such, high functionality, cost efficiency, and widespread availability is anticipated to trigger the growth of the palm oil market, at an expected CAGR of over 4% through 2031.

Key Take a ways from Market Study

The global palm oil market is set to witness substantial 1.5X volume growth over the forecast period of 2021 to 2031, owing to increased demand for from food manufacturers and key players operating in the food service industry.

Developing regions of South Asia and East Asia are expected to dominate the global market, accounting for more than 60% value share. This is attributable to higher per capita expenditure on food & beverage products along with thriving food service industry in these regions.

The market is being benefited from several trends, including transparency and traceability, shifting consumer preference for organic and GMO-free products, increase in consumption of convenience food, and others.

The outbreak of COVID-19 has had a major impact on the food & beverage industry, which has also led to a negative impact on commodity sales and production. However, palm oil consumption has not been highly impacted as it is regularly consumed by consumers around the globe.

Get Methodology Report here@ https://www.persistencemarketresearch.com/methodology/32448

Competitive Landscape

Key players manufacturing palm oil are focusing on business expansion strategies through acquisitions, partnerships, and mergers to establish their global footprint and gain access to a wider customer base.

In 2020, Cargill, Incorporated announced the expansion of its segregated sustainable palm oil capacity in North America. With this expansion, the company became North America's first large-scale supplier of segregated palm oil certified by the Round table for Sustainable Palm Oil (RSPO).
In 2019, IOI Corp Bhd announced its plan to acquire more palm plantations to strengthen its position in the global market. The company also said that it is interested in purchasing plantations close to its existing ones in Sabah and Kalimantan, Indonesia, as part of its move to invest further in its upstream business.

In 2018, Presco PLC. completed the acquisition of 17,600 hectares located in Edo State. This acquisition was done with a view to increase its oil palm and rubber plantations. The company's investment efforts were aimed at boosting profitability and ensuring increased returns.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/32448

Read More Trending "PMR Exclusive Article"

Global Market Study on Kosher Food: https://www.persistencemarketresearch.com/market-research/kosher-food-market.asp

Global Market Study on Corn Steep Liquor: https://www.persistencemarketresearch.com/market-research/corn-steep-liquor-market.asp

Contact us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:

Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

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 The Palm Oil Market To Clamber On The Shoulders Of Innovation here

News-ID: 2593832 • Views:

More Releases from Persistence Market Research

Smart Container Market Expected to Surpass US$ 21.5 Bn in 2032 - Persistence Market Research
Smart Container Market Expected to Surpass US$ 21.5 Bn in 2032 - Persistence Mar …
In an era where digital transformation is reshaping every industry, logistics and supply chain management are undergoing one of the most significant shifts with the rise of smart container technology. Traditional shipping containers, once considered merely passive cargo carriers, are now being enhanced with advanced technologies such as IoT (Internet of Things), GPS tracking, temperature and humidity monitoring, and blockchain integration. These innovations are not just optimizing operational efficiency but
Automatic Labeling Machine Market to Reach US$4.0 Bn by 2032 - Persistence Market Research
Automatic Labeling Machine Market to Reach US$4.0 Bn by 2032 - Persistence Marke …
The automatic labeling machine market is witnessing steady growth as industries across food & beverage, pharmaceuticals, cosmetics, consumer goods, and logistics increasingly adopt automation to improve efficiency, reduce labor costs, and ensure labeling accuracy. In recent years, pressures such as regulatory compliance (e.g. traceability and serialization in pharma), branding demands, higher SKU complexity, and growth in e-commerce have pushed manufacturers to upgrade from manual or semi-automatic labeling to fully automatic
Solar Cells & Modules Market to Reach US$ 360.8 Billion by 2033, Driven by Global Clean Energy Demand
Solar Cells & Modules Market to Reach US$ 360.8 Billion by 2033, Driven by Globa …
The solar cells & modules market is witnessing unprecedented growth as nations accelerate their transition toward clean and renewable energy. According to the latest study by Persistence Market Research, the global solar cells & modules market size is projected to expand from US$ 163.7 billion in 2023 to US$ 360.8 billion by 2033. This reflects a robust CAGR of 8.2% during the forecast period, underscoring solar technology's role as the
Power Bank Market Size to Reach US$20.6 Bn by 2032, Growing at 7.4% CAGR - Persistence Market Research
Power Bank Market Size to Reach US$20.6 Bn by 2032, Growing at 7.4% CAGR - Persi …
The global power bank market has become one of the most dynamic segments within the consumer electronics ecosystem, driven by the increasing penetration of smartphones, digital devices, and mobile lifestyles. According to the latest study by Persistence Market Research, the power bank market size is projected to be valued at US$12.4 Bn in 2025 and is expected to reach US$20.6 Bn by 2032, growing at a healthy CAGR of 7.4%

All 5 Releases


More Releases for Palm

Palm Oil and Palm Oil Residual Market Insights, Size, Status and Forecast to 203 …
HTF MI Latest Study on Palm Oil and Palm Oil Residual Market Insights, Size, Status and Forecast to 2033. A detailed study accumulated to offer the Latest insights about acute features of the Palm Oil and Palm Oil Residual market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this
Palm Palm Kernel Oil Market Report 2024 - Growth, Share and Opportunities
The palm and palm kernel oil market plays a vital role in the edible oil and fats industry. Extracted from the fruits and seeds of the oil palm tree, palm oil and palm kernel oil are widely used in food, personal care products, biodiesel, and industrial applications. With rising demand for vegetable oils, the market for palm and palm kernel oil has expanded significantly, despite environmental and ethical concerns. The Palm
Palm and Palm Kernel Oil Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Palm and Palm Kernel Oil Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Palm and Palm Kernel Oil players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the Palm
Global Sustainable Palm Oil Market analysis report- with Leading players, Applic …
Sustainable Palm Oil Market The most widely used vegetable oil there is, palm oil is found in everything from snacks to household cleaners to cosmetics. Palm oil is used in many of the products on supermarket shelves, from margarine and chocolate to ice cream, soaps, cosmetics, and fuel for cars and power plants. The report presents a comprehensive overview, market shares, and growth opportunities of Sustainable Palm Oil market by product type,
Palm Oil Market Size with Quality Things: Palm kernel oil, Crude palm oil, Palm …
Palm Oil Market By Product And Application - Global Industry Analysis And Forecast To 2023. Competitive Insights: The leading players in the market are Golden Agri-Resources, Astra Agro Lestari, Cargill India Private Limited, IOI Group, Wilmar International, Sime Darby, Godrej Agrovet and United Palm Oil Industry Public Co Ltd. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent
Palm Oil Market expected to Grow at CAGR of 7.6% | Industry Analysis and Forecas …
Crystal Market Research Published a report on “Palm Oil Market By Product (Palm Kernel oil, Crude Palm Oil, Palm Kernel cake ) Application(Cosmetics, Lubricants, Edible oil, Bio-diesel, Surfactants) Global Industry Analysis And Forecast To 2023” which is expected to grow at CAGR of 7.6% by 2023. Palm Oil Market: Market Overview The Palm Oil Market has encountered significant development in the recent years and is anticipated to grow tremendously over the