Palm Oil Market is Set to Boom at a CAGR Value of USD 70.32 million at a CAGR of 4.20% During the Forecast Period 2029

Over recent years, the edible oil industry has witnessed an increase in acceptance as well as utilization across the globe. This acceptance and growth is attributed to several health benefits such as the increasing energy, improving eye vision, decreasing premature ageing, boosting the immune system, and lowering the risk of cancer and heart disease. Therefore, the market is estimated to show lucrative growth due to the growing awareness of these health benefits amongst consumers.

Global Palm Oil Market was valued at USD 50.60 billion in 2021 and is expected to reach USD 70.32 billion by 2029, registering a CAGR of 4.20% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Palm oil is an edible vegetable oil made from the mesocarp of oil palm fruits that originated in West Africa. It is the highest-yielding oil crop on the planet, yielding 5-10 times more per hectare than other major vegetable oil crops. It is cholesterol-free, easy to digest, and high in carotenoids and Vitamin A, which provide several nutritional benefits.

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Some of the major players operating in the palm oil market are
• Fuji Oil USA (U.S.)
• Genting Plantations Berhad (Malaysia)
• Wilmar International Ltd., (Singapore)
• Godrej Agrovet Limited (India)
• Golden Agri-Resources Ltd (Singapore)
• PT Smart Tbk (Indonesia)
• Intercontinental Specialty Fats Sdn. Bhd. (Malaysia)
• IOI Corporation Berhad (Malaysia)
• Kuala Lumpur Kepong Berhad (Malaysia)
• PT Astra Agro Lestari (Indonesia)
• Musim Mas (Singapore)
• PT PP London Sumatra Indonesia Tbk (Indonesia)
• PT Dharma Satya Nusantara Tbk (Indonesia)
• PT Indofood Sukses Makmur Tbk (Indonesia)

Global Palm Oil Market Scope

The palm oil market is segmented on the basis of type, origin, usage and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Palm Oil Market Regional Analysis/Insights
The palm oil market is analyzed and market size insights and trends are provided by country, type, origin, usage and application as referenced above.

The countries covered in the palm oil market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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