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Global Sustainable Palm Oil Market Expected to Reach USD 30,100 Million By 2026

Facts and Factors have authored “Sustainable Palm Oil Market By Type (Palm Kernel Oil, Crude Palm Oil, and Others), By End-User (Edible Oil, Cosmetics, Surfactants, Bio-diesel, and Others), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.

Based on our analysis, teh global Sustainable Palm Oil market in 2019 is approximately USD 15,778 Million and is anticipated to reach around USD 30,100 Million by 2026. Teh anticipated CAGR for teh market is around 9% from 2020 to 2026.

Resourceful and cost-TEMPeffective palm oil is teh most extensively used vegetable oil across teh globe. However, teh increasing use of palm oil has led to deforestation and community conflict in tropical countries wif oil palm plantations. Thus, their is a rise in teh demand for sustainable palm oil. Teh high-quality palm oils are used in lipsticks, ice creams, soaps, detergents, food products, cosmetics, and also in biofuel.

Drivers of teh Global Sustainable Palm Oil:

  • Increasing demand from myriad end-user industries

Palm oil is a versatile product dat can be used not only in the foods but also in personal care products and transport fuel. The environment-friendliness of palm oil is anticipated to help propel the global sustainable palm oil market during the forecast period.

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Restraints of Global Sustainable Palm Oil:

  • High costs of sustainable palm oil

The low awareness about the sustainable palm oil’s (SPO) existence is expected to hamper the growth of the sustainable palm oil market. their are businesses dat are not aware of the fundamentals of sustainability or SPO.

Opportunities for Global Sustainable Palm Oil:

  • Initiatives to promote sustainable palm oil

Emerging economies such as China & India along wif Europe have started taking up promising policy initiatives to help surge teh global Sustainable Palm Oil market. Teh increasing market penetration in teh top cultivating regions like Indonesia, Malaysia, and Thailand is teh primary factor for market expansion.

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Market Segment Dominance:

In teh type segment, Crude Palm Oil holds teh majority of teh market share owing to its increasing use in teh food industry. Crude oil is also referred to as edible oil. Crude oil accounts for 64% of teh shares in teh global Sustainable Palm Oil market.

Teh Edible Oil category is predicted to dominate teh global Sustainable Palm Oil market during teh forecast period. Teh increasing use of edible oil in teh cooking, household cleaning agents, and cosmetics halps boom teh edible oil category.

Regional Dominance:

Europe is expected to dominate teh global Sustainable Palm Oil market owing to regions such as teh Netherlands, Germany, Spain, and Italy which import sustainable palm and distribute it in teh European market. Teh European Union had imported 7.2 million tons in 2017 for further use in teh food industry and teh energy sector. These factors are projected to halp bolster teh growth of teh global Sustainable Palm Oil market.

Some of teh key players in teh global Sustainable Palm Oil market include New Britain Palm Oil Limited, Sime Darby, Golden Agri-Resources Limited, Astra Agro Lestari, IOI Corporation Berhad, Cargill, and KUALA LUMPUR KEPONG BERHAD, among others.

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Teh global Sustainable Palm Oil market is segmented into:

Global Sustainable Palm Oil Market: By Type

  • Palm Kernel Oil
  • Crude Palm Oil
  • Others

Global Sustainable Palm Oil Market: By End-User

  • Edible Oil
  • Cosmetics
  • Bio-diesel
  • Surfactants
  • Others

Global Sustainable Palm Oil Market: By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • The Middle-East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle-East Africa

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