Market Research Future (Food and Beverages) Global Palm Oil Market Research Report- Forecast | Page 4

Global Palm Oil Market Research Report- Forecast till 2023
3 Sample Pages
The global palm oil market is segmented into type and application.
On the basis of type, the palm oil market is segmented into crude palm oil, palm kernel oil, and others. Among all,
crude palm oil is dominating the market followed by palm kernel oil. Crude palm oil has less saturated fat than palm
kernel oil. Moreover, crude palm oil has a high level of tocotrienols which makes it an outstanding source of vitamin
E and a powerful antioxidant, driving the growth of the segment.
On the basis of the application, the palm oil market is segmented into cooking oil, bio-diesel, lubricant, cosmetics,
and others. Amongst all the cooking oil segment is dominating the market. However, cosmetics segment is expected
to witness high growth over the forecast period.
Regional Analysis:
The global palm oil market is segmented into North America, Europe, Asia Pacific, and rest of the world
(RoW). Asia Pacific is dominating the market and is witnessed to have a substantial growth over the
forecast period with increasing consumption of palm oil in different industries. Indonesia and Malaysia are
the major producers and exporters of palm fruit which are majorly contributing to the growth of palm oil
market in Asia Pacific.
North America and Europe are projected to have a moderate growth during the forecast period. Moreover,
Latin America and the Middle East & Africa are anticipated to be the fastest growing region in palm oil
market over the estimated period.
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