Palm oil is an edible vegetable oil derived from the fruits and seeds of the African oil palm tree. It is the most widely consumed vegetable oil on the planet and is used in a wide variety of products including cooking oils, margarines, soap and detergents. Palm oil is also found in processed foods, crackers, shampoo, cosmetics, and animal feed.
Palm oil is primarily produced in tropical climates, such as Indonesia and Malaysia. Global production and consumption of palm oil continues to rise, and it is estimated that it is now present in nearly half of all packaged products found in supermarkets.
The global Palm Oil market was valued at US$ 49660 million in 2022 and is anticipated to reach US$ 71110 million by 2029, witnessing a CAGR of 5.2% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Palm Oil Market available at: https://www.themarketreports.com/report/global-palm-oil-market-research-report
This report aims to provide a comprehensive presentation of the global market for Palm Oil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Palm Oil.
Global Palm Oil key players include Felda Global Ventures, IOI, Sime Darby Berhad, Musim Mas, Astra Agro Lestari, etc. Global top five manufacturers hold a share over 5%.
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