India, China, and Brazil are the fastest growing demand hubs within the $78.4 billion Palm Oil market and expected to grow with a CAGR range of 3.8% and 5.6% for the period of 2024 to 2030. Food industry and biofuel production are major application areas for Palm Oil and market competition is fierce in these applications. Palm oil plays a role as a primary ingredient in biodiesel production to support the use of renewable energy sources worldwide for achieving sustainability goals. A significant focus is put by companies like IOl Group and Cargill, in enhancing refining techniques to boost biofuel output.

Leading players in such as Wilmar International, Cargill, Sime Darby, IOI Group, Golden Agri-Resources, Unilever, Procter & Gamble, Nestlé, Kuala Lumpur Kepong, ADM, Musim Mas and Felda Global Ventures are pushing the boundaries of innovation and forging strategic partnerships to capture larger market share.

Check detailed insights here - 𝐡𝐭𝐭𝐩𝐬://𝐝𝐚𝐭𝐚𝐬𝐭𝐫𝐢𝐧𝐠𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠.𝐜𝐨𝐦/𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲-𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬/𝐩𝐚𝐥𝐦-𝐨𝐢𝐥-𝐦𝐚𝐫𝐤𝐞𝐭-𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡-𝐫𝐞𝐩𝐨𝐫𝐭

The sector is moving towards using certified palm oil (CSPO) which is helping to lessen its environmental footprint and enhance consumer confidence.

𝐆𝐥𝐨𝐛𝐚𝐥 & 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

As per research study, Palm Oil is expected to rise to $154.3 billion by 2035 from $78.4 billion of 2023 with a CAGR of 5.8%. The production in this region is mainly controlled by Indonesia and Malaysia - with more than 85 percent of palm oil output coming from them due, to the influence of extensive plantations and initiatives supported by the government.

𝐀𝐛𝐨𝐮𝐭 𝐃𝐚𝐭𝐚𝐒𝐭𝐫𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠

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