According to a new report by Expert Market Research titled, ‘Global Palm Oil Market Report and Forecast 2020-2025’, globally, 85.28 million metric tons of palm oil was produced in 2019. The palm oil output is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 3.5% and is expected to attain 104.84 million metric tons in 2025.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/palm-oil-market/requestsample
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
The palm oil market might be affected by the Renewable Energy Directive (RED) by the EU which aims to phase out biofuels manufactured from raw materials associated with high land-use, like oil palm, over the next decade. This might prove detrimental to major palm oil markets like Indonesia and Malaysia as the EU is a major importer of palm oil used in the production of biodiesel. The countries might attempt to offset the projected loss by increasing their exports to countries like India and China. In India and China, the oil finds its primary use in the food sector as a cheap cooking oil. In 2018, India was a leading consumer of palm oil, accounting for a fifth of its consumption. The use of palm oil in the country saw a substantial growth between 2000-2017, with its imports almost tripling in size. India imported almost 10 million tonnes of the oil in 2017. With the rising demand for edible oil, specifically palm oil, in India, the country is looking to expand its domestic production to meet the mounting demand.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/palm-oil-market
Market Breakup by Application:
- Food
- Consumer Products
- Energy
Market Breakup by Region:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis:
- Wilmar International ( OTCMKTS: WLMIF )
- Sime Darby Berhad ( OTCMKTS: SMEBF )
- IOI Corporation ( KLSE: IOICORP )
- Astra Agro ( OTCMKTS: AAGRY )
- KL Kepong ( OTCMKTS: KLKBY )
- Golden Agri Resources Ltd. ( OTCMKTS: GARPY )
Related Report:
Brazil Palm Oil Market: https://www.expertmarketresearch.com/reports/brazil-palm-oil-market
Latin America Vegetable Oil Market: https://www.expertmarketresearch.com/reports/latin-america-vegetable-oil-market
Latin America Palm Oil Market: https://www.expertmarketresearch.com/reports/latin-america-palm-oil-market
Vegetable Oil Market: https://www.expertmarketresearch.com/reports/vegetable-oil-market-report
Soybean Oil Market: https://www.expertmarketresearch.com/reports/soybean-oil-market
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Expert Market Research
Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
