Chemical Planet

Refined derivatives are widely being utilized in food owing to their lower price in comparison to other conventional edible oils derived from groundnut, soybean and sunflower. India Palm Oil Market size is anticipated to reach USD 13.1 billion by 2025, according to a new report by Grand View Research, Inc. Rapid urbanization, and changing lifestyles backed by increasing disposable income in India have influenced consumption trends of consumers. Increasing consumption in food & beverages and cosmetics industry is a key factor likely to boost overall growth. A positive factor in the Indian production scenario is a significant growth in the acreage, which registered a CAGR of approximately 20% over the past five years. Improving yield coupled with reducing wastage during production by has created improved business environment in India. In order to encourage domestic cultivation, the government provides subsidies of up to INR 7,000 per hectare for farmers. Furthermor

Growing health concerns regarding trans-fat consumption has driven consumer preference towards saturated fats, such as palm oil, that contain antioxidants and other nutrients. The UAE Palm Oil Market is expected to reach USD 467.1 million by 2025, according to a new report by Grand View Research, Inc. Increasing demand for high-quality food products from tourists as well as local consumers has driven its demand. Its fractions and derivatives are also widely utilized as alternatives for expensive bakery fats and vegetable oils including groundnut, coconut & sunflower. Additionally, food & beverage processors are increasingly opting for the product owing to its high availability, lower cost & high yield in limited cultivation space. Crude palm oil (CPO) emerged as the dominant product category in 2015 with over 90% market share. Volatile petroleum prices along with rising awareness regarding sustainable energy & raw material source have boosted the demand for ine

In 2014, Global Palm Oil Market was valued at USD 61.09 billion. The market is poised for growth owing to the increasing demand from the various end-use industries. Government and other correlated organizations across many countries have taken measures to limit the trans-fat intake over the past few years. Protocols regarding increased utilization of palm oil in the form of biodiesel as well as fuel mixing with bio-based fuel has gained recognition in recent past. Technologies and research & development initiatives to create viable means of production offer immense prospects for the industry participants. Meting out operations to deliver products with a high value offer huge opportunities for growth of global palm oil market over the forecast period. Crude palm oil dominated the global palm oil market accounting for over 75% of the market in 2014. Growing application in surfactants, cosmetics, lubricants, edible oil and biodiesel was responsible for this high market share.