Press release
Palm Kernel Oil Market trends research and projections for 2017-2024
Palm kernel oil is derived from the kernel of Elaeis guineensis. Crude palm oil is obtained from the mesocarp of the palm crop and then palm kernel oil from the kernel. It is a semi-solid saturated vegetable fat at room temperature and is widely consumed in commercial cooking as it is more affordable than other oils. It is stable at elevated cooking temperature and has longer shelf life than many other vegetable oils. The product is majorly used in preparing chocolate, ice-cream, butter, ghee and other dairy products. Global food & beverage industry is likely to register significant growth in next five years owing to changing food habits and increasing number of households. This would increase consumption of the oil in cooking and will boost palm kernel oil market during the forecast period.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1659
Palm kernel oil is highly saturated in nature than palm oil and is therefore used in the manufacturing of milk lotion, cream, soap and other cosmetics products. Increasing awareness regarding harmful nature of chemicals used in cosmetics and their side effects is promoting usage of palm kernel oil in these products. Further, consumer’s inclination towards naturally derived personal care and cosmetics products is strengthening consumption of this oil in the cosmetics production. Rising number of showrooms and retail stores, coupled with upsurge in salons, spas, beauty product stores, and departmental stores is likely to uplift demand of personal care and cosmetics products. Growth of cosmetic industry owing to improved living standard of people is anticipated to expand the palm kernel oil market in near future.
Palm kernel oil is also extensively consumed in lubricant and biodiesel applications. One such application includes formulation of biodiesel by using sodium hydroxide pellets and methanol along with palm kernel oil in trans-esterification reaction. When 0.7g sodium hydroxide and 37g methanol is trans-esterified with 187g palm kernel oil, it results in conversion of 90.53% palm kernel oil feedstock and 15.2g glycerol. Biodiesel helps in reducing greenhouse gas emission by 58 to 85%. Escalating biodiesel usage in vehicles due to its affordability and environment friendly nature as compared to other fuels is likely to propel palm kernel oil market between 2017 and 2024.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/1659
Based upon applications, palm kernel oil market is segmented as cooking oil, preparation of dairy products, soap, milk lotion, and biodiesel. Various end-user industries dealing with these applications are cosmetics, food & beverages, personal care, and oil & energy.
U.S. food industry is forecasted to grow at a decent CAGR till 2024 owing to increased consumption of packaged food and beverage products. This makes North America a significant contributor in palm kernel oil market as it is used as a cooking oil in food preparation. Asia Pacific is likely to register healthy growth during the forecast period due to its developing cosmetics and personal care industry. Emerging economies like India have witnessed increased purchasing power of people along with improved living standard and this has contributed to a healthy cosmetic industry in the region. Europe is recognized globally in vehicle production and hubs major giants such as Volkswagen, BMW, and Mercedes-Benz. Along with automobile manufacturing, it is indulged in research of alternate fuels for the vehicles and has evolved with biodiesel technology. Escalating consumption of biodiesel in Germany, Spain and other countries has led to an upsurge in palm kernel oil market in Europe.
Prominent manufacturers in the market include Alami Group, Musim Mas Group, Kulim Bhd, London Sumatra, IOI Corp, PT Astra Agro Lestari Tbk, Godrej Agrovet Limited, Golden Agri Resources Limited, Sime Darby, Wilmar International Limited, United Palm Oil Industry Public Company Limited and Cargill Inc.
Browse related reports
Iran Palm Oil Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024
https://www.gminsights.com/industry-analysis/iran-palm-oil-market
EPA/DHA (Omega 3) Ingredients Market Size By Application (Dietary Supplements, Pharmaceuticals, Functional Foods, Pet & Animal Feed, Infant Formulas), By Source (Anchovy/Sardine, High Concentrates, Medium Concentrates, Low Concentrates, Algae Oil, Tuna Oil, Cod Liver Oil, Salmon Oil, Krill Oil, Menhaden Oil), Industry Analysis Report, Regional Analysis, Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022
https://www.gminsights.com/industry-analysis/EPA-DHA-omega-3-ingredients-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
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 Palm Kernel Oil Market trends research and projections for 2017-2024 here
News-ID: 587589 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Oil
Hydraulic Oil Market,By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil …
In recent years, the production capacity for hydraulic oil has increased significantly across the globe. Moreover, the Group II and III base oils are primarily gaining popularity for utilization in lubricant formulations for automatic transmission engines, heavy-duty trucks, and passenger automobiles. Therefore, these determinants are expected to for drive the development of the global hydraulic oil market in the anticipated period.
Global Hydraulic Oil Market was valued at USD 10.47 billion in 2021…
Cosmetic Oil Market Future Outlook 2023-2029, Industry Demand, Trends, Size, New …
This Cosmetic Oil Market research report is one of the best and wide-ranging, which provides market insights by considering numerous factors. Therefore, businesses can get important market insights cost-effectively with the help of the Cosmetic Oil Market research report. Such a persuasive report is the best to gain a competitive advantage in this quickly transforming marketplace. In addition, the report also provides market segmentation based on type and end-user. The…
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Growing demand for corn oil as cooking oil is fuelling the Corn Oil Market
The research report "Corn Oil Market: by Product Type (High Oleic, Middle Oleic, Low Oleic), By Application (Biodiesel, Soap Making, Food Services, Pharmaceutical, Others) and Geography- Global/Region/Country Forecast to 2028." The global corn oil market size was valued at USD 4.2 Bn in the year 2021, growing at a CAGR rate of 7.2% during the evaluation time span 2022-2028.
Glance our 200 slides market research and competitive intelligence research report,…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
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,…
