Press release
Global Palm Oil Market: Promising Prospects with a Projected $85.47 Billion Valuation by 2029
Palm Oil Market
What Is The Projected Market Size Of The Global Palm Oil Market And Its Growth Rate?
The palm oil market has exhibited concerted growth over the years, and its trajectory indicates continued expansion. Below are the key statistics:
• The market size stands at $66.99 billion in 2024.
• It will grow to $70.21 billion in 2025, marking a compound annual growth rate (CAGR) of 4.8%.
• The projected market size for 2029 is a hefty $85.47 billion, anticipating a CAGR of 5.0%.
What Is Driving The Growth In The Palm Oil Market?
The growth of the palm oil market is significantly driven by the increasing demand from the biofuel industry. Biofuels are produced from biomass or organic matter, and palm oil is a popular feedstock due to its high yield and availability. Biodiesel production from palm oil is rising through a process known as transesterification. It switches the oil into biodiesel, improving air quality in the process. As of November 2023, the Department for Transport, a UK-based government agency, highlights the role of biodiesel in reducing road traffic incidents involving personal injury by 6.8%.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9832&type=smp
Who Are The Key Players Driving Palm Oil Market Growth?
Several companies are influencing the growth of the palm oil market, including:
• Wilmar International Ltd
• Sime Darby Plantation Berhad
• IOI Corporation Berhad
• Kuala Lumpur Kepong Berhad
• United Plantations Berhad
• Kulim Berhad
• PP London Sumatra Indonesia
• The Archer-Daniels-Midland Company
• Asian Agri
• PT Sampoerna Agro Tbk
What Are The Key Trends In The Palm Oil Market?
Key emerging trends in the forecast period consist of:
• Certification programs
• Transparency and traceability
• Research and development for sustainable varieties
• Collaboration across the supply chain
• Technological innovations in plantation practices
What Are The Segments Of The Global Palm Oil Market?
The global palm oil market is categorised by:
• By Product: Crude Palm Oil, RBD Palm Oil
• By Nature: Organic, Conventional
• By End Use: Food And Beverage, Personal Care And Cosmetics, Biofuel And Energy, Pharmaceutical, Industrial
Which Region Leads The Palm Oil Market?
In 2024, the dominant region in the palm oil market was Asia-Pacific. It is expected that North America will witness swift growth during the forecast period. Other regions covered in this report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/palm-oil-global-market-report
What Is Covered In The Palm Oil Market Global Market Report?
- Market Size Analysis
- Market Segmentation Analysis
- Key Player Focus
- Growth Trends Analysis
- Market Contribution
- Growth Drivers
- Industry Challenges
- Competitive Developments
Request Customization For This Report:
https://www.thebusinessresearchcompany.com/Customise?id=9832&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Global Palm Oil Market: Promising Prospects with a Projected $85.47 Billion Valuation by 2029 here
News-ID: 3831010 • Views: …
More Releases from The Business Research Company
Top Trends Transforming the Contactless EMV Cards Market Landscape in 2025: Adva …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Contactless EMV Cards Industry Market Size Be by 2025?
The market size for contactless EMV cards has experienced significant expansion in the past few years. The projected growth is from $23.25 billion in 2024 to $26.48 billion in 2025, displaying a compound annual growth rate (CAGR)…
Construction Trucks: Critical Driver Shaping the The Growing Renewable Energy Pr …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Construction Trucks Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for construction trucks has experienced significant expansion in the past few years. Projected growth indicates a rise from $50.20 billion in 2024 to $53.17 billion in 2025, indicating a compound annual growth…
Rise In Mergers And Acquisitions Fueling The Growth Of The Market Due To Growing …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Business Valuation Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there's been considerable growth in the business valuation service market size. The market is projected to increase from $7.42 billion in 2024 to approximately $8.05 billion in 2025, with a compound…
Construction Skips Industry Outlook 2025-2029: Market Set to Cross $2.17 Billion …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Construction Skips Market Size By 2025?
The market for construction skips has witnessed significant expansion in the past few years. The market is projected to rise from $1.47 billion in 2024 to reach $1.59 billion in 2025, exhibiting a compound annual growth rate (CAGR) of…
More Releases for Palm
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 Oil and Palm Oil Derivatives Market 2024 Projections, Trends and Forecast 2 …
This report has a complete table of contents, figures, tables, and charts, as well as insightful analysis. The Palm Oil and Palm Oil Derivatives market has been growing significantly in recent years, driven by a number of key factors, such as increasing demand for its products, expanding customer base, and technological advancements. This report provides a comprehensive analysis of the Palm Oil and Palm Oil Derivatives market, including market size,…
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…
