Market Research Future (Food and Beverages) Palm Oil Market Research Report | Page 3

Global Palm Oil Market Research Report- Forecast till 2023
2 Market Overview
Globally, palm oil is witnessing a high demand in the market. Palm oil is applicable as a cooking oil, bio-diesel,
lubricants, cosmetics, and others, which is driving the growth of the market. Increasing demand for vegetable oil is
a major factor driving the growth of the market. Moreover, in the biofuels market, it is used as the feedstock for the
production of biodiesel and as an alternative to mineral oils for use in power stations which is boosting the growth of
the palm oil market.
The fatty acid derivatives of palm oil are used in the production of bactericides, cosmetics, pharmaceuticals and
water-treatment products. Increasing consumption of palm oil in the manufacturing process of soaps and detergents
and in the production of greases, lubricants, and candles is further boosting the growth of the market. Moreover,
increasing usage of palm oil as a substitute for trans-fat in processed foods is adding fuel to the growth of palm oil
market.
Intended Audience:
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Palm oil manufacturers
Bio-diesel industry
Cosmetics industry
Personal care industry
Traders, importers, and exporters
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