Press release
Palm Oil Market 2023 - Industry Trends, Market Size, Strategies, Impacting Factors, And Forecast To 2032
Palm Oil Market Analysis
Palm Oil Market Size, Growth Rate, And Forecast
The global palm oil market size is expected to grow from $61.15 billion in 2022 to $64.67 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global palm oil market size is expected to reach $78.48 billion in 2027 at a CAGR of 5.0%.
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Palm Oil Market Drivers
Increasing demand from the biofuel industry is expected to propel the growth of the palm oil market going forward. Biofuel is the same as any type of fuel that is produced from biomass, also known as organic matter. Biofuel can be produced from palm oil through a process called transesterification, in which the oil is converted into biodiesel, palm oil is a popular feedstock for biodiesel production due to its high yield and availability, which improves air quality.
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Palm Oil Market Segments
1) By Product: Crude Palm Oil, RBD Palm Oil
2) By Nature: Organic, Conventional
3) By End Use: Food And Beverage, Personal Care And Cosmetics, Biofuel And Energy, Pharmaceutical, Industrial
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the palm oil market.
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Palm Oil Market Key Players
Major competitors in the palm oil market include Wilmar International Ltd., Sime Darby Plantation Berhad, IOI Corporation Berhad, Kuala Lumpur Kepong Berhad, United Plantations Berhad, Kulim (Malaysia) Berhad, PP London Sumatra Indonesia.
The Business Research Company's "Global Palm Oil Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Palm Oil Market Include:
1. Executive Summary
2. Palm Oil Market Characteristics
3. Palm Oil Market Trends And Strategies
4. Palm Oil Market - Macro Economic Scenario
5. Palm Oil Market Size And Growth
.......
26. Africa Palm Oil Market
27. Palm Oil Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Palm Oil Market
29. Palm Oil Market Future Outlook and Potential Analysis
30. Appendix
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