Global Palm Kernel Oil Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Palm Kernel Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global palm kernel oil market report, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global palm kernel oil market size reached US$ 14.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Palm kernel oil originates from the seeds of oil palm trees and serves as a vegetable oil across various industries. With a well-balanced blend of saturated and unsaturated fats, its moderate consumption can contribute to maintaining healthy cholesterol levels. This oil is a robust source of vitamins A and E, functioning as potent antioxidants that foster skin health and bolster the immune system. Well-suited for frying and high-heat cooking, it adds a delightful flavor to dishes thanks to its high smoke point. Beyond culinary uses, it proves advantageous for hair by minimizing protein loss, stimulating growth, and preventing dandruff. Additionally, it plays a crucial role in soap production, enhancing lather and cleansing properties due to its elevated lauric acid content.
Request a Sample Report:- https://www.imarcgroup.com/palm-kernel-oil-market/requestsample
Global Palm Kernel Oil Market Trends and Drivers:
Currently, the surging demand for palm kernel oil, a pivotal ingredient in numerous processed food items, stands as a key factor shaping a positive market outlook. Beyond this, shifting consumer preferences and the desire for convenience are driving the demand for palm kernel oil as a versatile cooking and frying medium. Furthermore, the increasing use of palm kernel oil in beauty and personal care products, owing to its moisturizing and skin-nourishing qualities, presents lucrative growth opportunities for industry investors. This aligns with the growing awareness of natural and sustainable ingredients in cosmetics and personal care, exerting a positive influence on the market. Additionally, palm kernel oil finds application in biofuel production, particularly in regions abundant with it, contributing to market expansion. The escalating use of palm kernel oil in the manufacturing of soaps, detergents, and candles is also playing a role in market growth. Moreover, the growing emphasis among farmers on sustainable and eco-friendly agricultural practices is propelling market growth. Furthermore, increasing consumer awareness about health and wellness is driving preferences for oils with balanced fatty acid profiles, such as palm kernel oil.
Global Palm Kernel Oil Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
Astra Agro Lestari, Cargill Incorporated, Golden Agri Resources Ltd, IOI Corporation Berhad, Musim Mas, Sime Darby Plantation Berhad (Permodalan Nasional Berhad), United Palm oil Industry Public, and Wilmar International Ltd.
The report segmented the market on the basis of region, product and application.
Product Insights:
- Fractionated Palm Kernel Oil
- Primary Palm Kernel Oil
Application Insights:
- Edible Oil
- Cosmetics
- Bio-diesel
- Lubricants
- Surfactants
Regional Insights:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800