Market Research Future (Food and Beverages) North America and Europe Palm Derivatives Market | Page 3

North America and Europe Palm Derivatives Market Research Report – Forecast to 2028
2 Market Overview
Palm and its derivatives encompass palm oil, kernel oil, and palm kernel cake which will be used globally owing to
its use in biodiesel and plant-derived fats. The North America and Europe palm derivatives market is anticipated to
expand at a 10.67% CAGR from 2018 to 2028 (forecast period), according to the latest report by Market Research
Future (MRFR). The focus on extracting raw material from organic sources and sustainable development goals are
likely to drive market growth.
The inclination of consumers towards bio-based chemicals and additives can inflate the market size considerably till
2028. Increasing demand from the oleochemicals sector can boost market revenues. Acceptance of palm oil in the
personal care sector and encouragement provided for cultivation of palm trees on a massive scale can provide
growth opportunites for the market. But palm oil alternatives can pose a challenge to the market.
The report of the North America and Europe palm derivatives market covers the latest trends affecting it by providing
the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts
make highly astute projections regarding the scope of the market and its future prospects. MRFR’s report includes
a thorough analysis of the market segmented by category, type, application, and region. Trends and opportunities
are highlighted coupled with the market share of companies as well as their valuation in the market. It analyzes new
revenue sources for players and outlines the various strategies implemented by players.
Research Methodology
By employing meticulous strategies, competent research analysts of Market Research Future (MRFR) collect
information and study them extensively before predicting the future market size with a detailed listing of the relevant
market segments. Interviews with prime decision makers of various trendsetting companies of the apposite market
give the primary research much prominence. The secondary method includes a minute analysis of the present and
the past trends to obtain a better grasp of the upcoming market scenario. To increase the precision of the obtained
data, top-down & bottom-up approaches have been integrated into the system which gives a walk-through of the
demand and supply equation. Furthermore, by adhering to credible resources such as annual reports, SEC filings,
and white papers, our data analysts empower themselves with subtle comprehension of the germane product before
proceeding to discuss market factors. The intent is to provide a holistic view of the sector by judging it against
irreproachable parameters and enriching it with significant inputs.
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