Elaeis Guineensis Kernel Oil Market Analysis, Trends, Forecast, 2017- Elaeis Guineensis Kernel Food | Page 6

Elaeis Guineensis Kernel Oil Market
Global Elaeis Guineensis Kernel Oil Market: Region Wise Outlook
The global Elaeis Guineensis Kernel Oil market is divided into seven regions, namely North America, Latin
America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East
and Africa (MEA). APEJ holds relatively higher share in the global elaeis guineensis kernel oil which is led
by high growth in food and consumer products. Countries like Malaysia and Indonesia are major producer
and exporter of elaeis guineensis kernel oil globally. APEJ will witness high CAGR in the forecast period of
global elaeis guineensis kernel oil. The plantation of elaeis guineensis is growing every year by 15%-18%
every year which gives rise in the production of elaeis guineensis kernel oil in the region. North America
and Europe have high demand and is estimated to grow at healthy CAGR in the forecast period of global
elaeis guineensis kernel oil market due to growing concern of chemical side effects present in toiletries
which is expected to play a vital role in promoting elaeis guineensis kernel oil in the regions. Demand for
elaeis guineensis kernel oil is growing owing to its wide application in cosmetic, toiletries and as a
lubricating oil which makes elaeis guineensis kernel oil suitable for the machines.
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