India, China, and Brazil are the fastest growing demand hubs within the $78.4 billion Palm Oil market and expected to grow with a CAGR range of 3.8% and 5.6% for the period of 2024 to 2030. Food industry and biofuel production are major application areas for Palm Oil and market competition is fierce in these applications. Palm oil plays a role as a primary ingredient in biodiesel production to support the use of renewable energy sources worldwide for achieving sustainability goals. A significant focus is put by companies like IOl Group and Cargill, in enhancing refining techniques to boost biofuel output.
Leading players in such as Wilmar International, Cargill, Sime Darby, IOI Group, Golden Agri-Resources, Unilever, Procter & Gamble, Nestlรฉ, Kuala Lumpur Kepong, ADM, Musim Mas and Felda Global Ventures are pushing the boundaries of innovation and forging strategic partnerships to capture larger market share.
Check detailed insights here - ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐๐ญ๐๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐๐จ๐ฆ/๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ-๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ/๐ฉ๐๐ฅ๐ฆ-๐จ๐ข๐ฅ-๐ฆ๐๐ซ๐ค๐๐ญ-๐ซ๐๐ฌ๐๐๐ซ๐๐ก-๐ซ๐๐ฉ๐จ๐ซ๐ญ
The sector is moving towards using certified palm oil (CSPO) which is helping to lessen its environmental footprint and enhance consumer confidence.
๐๐ฅ๐จ๐๐๐ฅ & ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
As per research study, Palm Oil is expected to rise to $154.3 billion by 2035 from $78.4 billion of 2023 with a CAGR of 5.8%. The production in this region is mainly controlled by Indonesia and Malaysia - with more than 85 percent of palm oil output coming from them due, to the influence of extensive plantations and initiatives supported by the government.
๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐๐ญ๐๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐๐จ๐ฆ/๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐๐ฌ๐๐ฆ๐ฉ๐ฅ๐/๐ฉ๐๐ฅ๐ฆ-๐จ๐ข๐ฅ-๐ฆ๐๐ซ๐ค๐๐ญ-๐ซ๐๐ฌ๐๐๐ซ๐๐ก-๐ซ๐๐ฉ๐จ๐ซ๐ญ
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