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
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Palm
Mary Drucker Palm Beach: The Radiant Actress of Palm Beach
Mary Drucker Palm Beach has always believed that acting is more than stepping into a role-it is stepping into humanity. For her, performance is an invitation to feel, to understand, and to celebrate the complexity of the human spirit. As an actress rooted in the vibrant cultural landscape of Palm Beach, she has built a creative path defined by authenticity, discipline, and a generosity of presence that audiences never forget.
Palm…
Mary Drucker Palm Beach: Through the Lens of Palm Beach
Mary Drucker has always believed that a single image can tell a story words could spend pages trying to capture. For her, photography is not just a profession it is a way of seeing the world with tenderness, curiosity, and deep appreciation.
A photographer whose images celebrate humanity, light, and the quiet poetry of coastal life
Mary Drucker has always believed that a single image can tell a story words could spend…
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…
