A fresh study, covering “Palm Oil Market Forecast, Trend Analysis & Competition Tracking - Global Review 2017 to 2022” has been broadcasted to wide online repository of Fact MR, which presents deep focus on the food & beverages market. This smart study contains precise data that offers a clear insight about market current scenario and future projections for the benefit of readers. Moreover, the study enclosed significant data which tends to make the research a powerful source for analysts and industry experts who are looking to gain necessary knowledge about the prevailing market trends, opportunities and drivers present in the palm oil market.
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Fact.MR has analyzed the global palm oil market in depth, estimating it to reach US$ 33.7 Bn value by 2022-end at a moderate CAGR. The report has also made certain projections given below -
1- Europe is expected to maintain its dominant position in the palm oil market throughout the course of the forecast period. A CAGR of 4.9% from 2017 to 2022 makes it particularly appealing to key stakeholders in the palm oil market.
2- A potential opportunity of almost US$ 5 billion in 2017 alone makes North America extremely important in the palm oil market which major companies would be highly advised to take into account while planning their long-term strategies.
3- The virgin segment represents only a third of the revenue share by product type in the palm oil market and it is not anticipated to outpace the processed segment anytime soon. Europe and APEJ are the only regions that are predicted to cross US$ 2 billion by end of 2022 and companies could look at targeting them with products that cater to their requirements.
4- The retail segment is on track to comprise more than a third of the palm oil market by end use segment. Studies show that it is present in more than half of all commodities stocked on retailer store shelves. The palm oil market serves the food & beverage, cosmetics, animal foodstuff, and pharmaceutical industry.
5- The specialty store segment is only a fifth of the revenue share by distribution channel in the palm oil market but companies could try to raise the profile of these dedicated stores by committing additional resources. Specialty stores may only market products sold in the palm oil market raising the awareness of this multi-purpose natural oil.
The report has also profiled leading manufacturers of palm oil in the global market, which include companies such as American Vegetable Oils,Cargill Inc., Grief Inc., Fuji Oil Holdings, Bunge Limited, Associated British Foods and Ruchi Soya Industries.
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