The global palm oil market has experienced moderate growth in recent years. This growing demand for palm oil can be attributed to its expanding applications in industries such as bio-fuel, food and beverage, cosmetics, and personal care.

Market Summary:

Based on applications, the market has been classified into household cooking, food and beverages, oleochemicals, personal care, animal feed and bio-fuel. At present, food and beverages dominate the market, holding the largest share.

Region-wise, the market has been segregated into India, Indonesia, China, European Union, Malaysia and Others. Amongst these, India represents the biggest market, accounting for the majority of the global share. Initiatives by the Government of India, like uplifting import duty on palm oil, have provided thrust to the market growth.

The competitive landscape of the market has also been examined with some of the key players being Wilmar International, Sime Darby Berhad, IOI Corporation, Astra Agro Lestari, Kuala Lumpur Kepong Berhad and Golden Agri.

Source: Global Palm Oil Market Myriad Applications of Palm Oil Supporting Growth - IMARC Group