Adroit Market Research Global Palm Oil Market Size to 2025 | Page 2

Adroit Market Research Global Palm Oil Market Size, Status and Forecast 2018-2025 • The global palm oil market size is anticipated to reach a volume of xx metric tons by the end of 2025, rising at a CAGR of xx% over the forecast period. Palm oil market is majorly driven by rapidly increasing usage of products as bio-based diesel. Other factors fueling the market at global level include several initiatives including RSPO, POIG & more and rising use of the product as a trans-fat substitute in processed foods. Moreover, consumers across the globe are opting for bio-based cosmetics, lubricants and surfactants over other products which has further prompted the palm oil market. Furthermore, key trends of the palm oil industry include increasing demand for red palm oil, rising shift towards palm oil crop transplanting as well as growing sustainable palm oil production. • On the other hand, consumption of soybean oil in developing economies, stringent regulations, retail consolidations and weather uncertainties can challenge the market’s growth over the forecast period. • The global palm oil industry is segmented by different types and applications. Further type segment of the palm oil market is sub-segmented into palm kernel oil, crude palm oil and others. Crude palm oil of type segment is leading the market trailed by palm kernel oil. This is because crude palm oil consists of less saturated fat as compared to palm kernel oil as well as crude palm oil has got high level of tocotrienols that makes it an exceptional source of vitamin E & powerful antioxidant. [phone] [email protected] www.adroitmarketresearch.com