Palm Oil and Palm Oil Derivatives Market Shares, Strategies, and Forecasts, Worldwide, 2023 to 2030

Market Overview:
Palm Oil and Palm Oil Derivatives Market is expected to grow at a high CAGR of 6.87% during the forecasting period (2023-2030).
Palm oil is an edible vegetable oil high in saturated fats and free from trans fats. Palm oil is used in around 50% of food products available in the market. Palm oil derivatives, also known as fractions, are used to produce pre-packaged food, cosmetics, cleaning products, hair care, soaps, and other personal care products.
Palm oil is also used to produce biofuels and exhibiting as a green fuel option for motor vehicles, shipping and Aircraft fuel. Palm kernel cake, a by-product of palm kernel oil, is used as feed-in livestock.

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Market Dynamics:
1. The Cost-effectiveness and edible nature of palm oil made it an effective ingredient in producing packaged food products and healthcare products.
2. The widening application spectrum of palm oil in food, cosmetics, and personal care products results in significant growth of the global palm oil and palm oil derivatives market.
3. Growing demand for food and changing food habits results and the need for nutrient-rich food products to meet the nutritional requirements of consumers.

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Market Segmentation:
• By Product Type
o Crude Palm Oil*
o Palm Kernel Oil
o Palm Kernel Cake
o Others
• By Application
o Food & Beverages*
 Bakery and Confectionaries
 Culinary Applications
 Others
o Cleaning & Personal Care
 Hair Care
 Cosmetics
 Soaps
 Others
o Feedstock
o Biofuel
• By Distribution Channel
o E-Commerce*
o Supermarkets & Hypermarkets
o Others

Company Profiles:
1. Cargill Inc.
2. Wilmar International
3. PT Astra Agro Lestari Tbk
4. London Sumatra
5. ExcelVite
6. IOI Corporation Berhad
7. Sime Darby Berhad
8. Soft Gel Technologies Inc.
9. Golden Agri-Resources Ltd.
10. Asian Agri

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