Palm Oil Market Report and Outlook 2017-2022
According to a new report by Expert Market Research, the global palm oil market reached a consumption volume of 69 Million Tons in 2016 and is further expected to reach 101 Million Tons by 2022. Read complete report here: http://www.expertmarketresearch.com/reports/palm-oil-market
According to a new report by Expert Market Research, the global palm oil market reached a consumption volume of 69 Million Tons in 2016 and is further expected to reach 101 Million Tons by 2022. Read complete report here: http://www.expertmarketresearch.com/reports/palm-oil-market
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<strong>Palm</strong> <strong>Oil</strong> <strong>Market</strong> <strong>Report</strong> <strong>and</strong> Forecast<br />
<strong>2017</strong>-<strong>2022</strong><br />
Copyright © <strong>2017</strong> Expert <strong>Market</strong> Research. All Rights
REPORT DESCRIPTION<br />
Global <strong>Palm</strong> <strong>Oil</strong> <strong>Market</strong> to Reach a Volume of 101 Million Tons by <strong>2022</strong><br />
Originated in West-Africa, palm oil is a type of edible vegetable oil which is derived from the fruits of the<br />
most efficient type of oilseed crop, i.e. oil palm tree. It has, today, emerged as the foremost global source<br />
of vegetable oil <strong>and</strong> currently represents the second most traded vegetable oil crop in the world. This can<br />
be attributed to its adequate availability, versatility in usage, <strong>and</strong> lower cost as compared to other<br />
vegetable oils.<br />
The production of palm oil is sustainable as compared to other crop based vegetable oils like soybean <strong>and</strong><br />
rapeseed as it requires lesser energy in its production process <strong>and</strong> yields more oil per hectare. According<br />
to a new report by Expert <strong>Market</strong> Research, the global palm oil market reached a consumption volume of<br />
69 Million Tons in 2016 <strong>and</strong> is further expected to reach 101 Million Tons by <strong>2022</strong><br />
Uses of palm oil in various industries make it a versatile product. As it has great cooking properties <strong>and</strong><br />
can be used in even high temperatures, it represents an essential product in the food industry. It is also<br />
used as an active ingredient in many skin-care <strong>and</strong> cosmetic products. Besides this, palm oil is now being<br />
used as an ingredient in bio-diesel <strong>and</strong> as a fuel for producing electricity in power stations.<br />
In recent years, governments across various nations have taken initiatives to curb the consumption of<br />
trans-fat which has resulted in the increased use of palm oil. Moreover, changing consumer preferences<br />
<strong>and</strong> growing dem<strong>and</strong> from diverse end-use industries have also fuelled the global dem<strong>and</strong> for palm oil.
Source: Expert <strong>Market</strong> Research<br />
REPORT DESCRIPTION
REPORT DESCRIPTION<br />
Key findings from the report:<br />
• <strong>Palm</strong> oil serves a number of application domains which include food, consumer products <strong>and</strong><br />
energy. Majority of the palm oil is used by the food industry followed by consumer products <strong>and</strong><br />
energy.<br />
• In 2016, Indonesia <strong>and</strong> Malaysia represented the largest global producers of palm oil <strong>and</strong> together<br />
accounted for the majority of the total global production.<br />
• India was the largest consumer of the palm oil <strong>and</strong> accounted for more than one-fifth of the total<br />
global palm oil consumption. India was followed by Indonesia, China, the European Union <strong>and</strong><br />
Malaysia.<br />
• Being consolidated in nature, the global palm oil market is surrounded by a number of dominant<br />
players, namely, Wilmar International, Sime Darby Bhd, IOI Corporation, Astra Agro, KL Kepong <strong>and</strong><br />
Golden Agri.<br />
• Manufacturers are shifting their focus to produce high-value products using sustainable ways of<br />
production.<br />
To request a sample copy or view summary of this report, click on the<br />
link: http://www.expertmarketresearch.com/request?type=report&id=64&flag=B
REPORT DESCRIPTION<br />
Expert <strong>Market</strong> Research has analysed the global palm oil market according to application, major<br />
regions <strong>and</strong> top players:<br />
<strong>Market</strong> breakup by Application<br />
• Food<br />
• Consumer Products<br />
• Energy<br />
Production breakup by Region<br />
• Indonesia<br />
• Malaysia<br />
• Others<br />
Consumption breakup by Region<br />
• India<br />
• Indonesia<br />
• China<br />
• The European Union
REPORT DESCRIPTION<br />
• Malaysia<br />
• Pakistan<br />
• Thail<strong>and</strong><br />
• Others<br />
Top players<br />
• Wilmar International<br />
• Sime Darby Berhad<br />
• IOI Corporation<br />
• Astra Agro<br />
• KL Kepong<br />
• Golden Agri Resources Ltd.<br />
Read Full <strong>Palm</strong> <strong>Oil</strong> <strong>Market</strong> <strong>Report</strong> - http://www.expertmarketresearch.com/reports/palm-oilmarket<br />
Find more reports on Food <strong>and</strong> Beverages <strong>Market</strong> :<br />
http://www.expertmarketresearch.com/categories/food-beverages-market-reports
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