Nov 18, 2019 (The Expresswire) -- Palm Oil Derivatives Market report covered by key player are Cargill, Wilmar International Ltd., Golden Agri-Resources Ltd., London Sumatra, BASF, Astra Agro Lestari and more
Palm oil derivatives are widely used in cosmetics, food, personal care, and biodiesel. This shows that the demand for palm oil derivatives products is expected to increase, thereby driving the palm oil derivative market. These derivatives have superior functional properties and favourable composition. Spurred by this, the market size is expected to increase in the forthcoming years.
Browse Summary of this Report
The report profiles some of the leading companies functioning in the global market. These include:
Wilmar International Ltd.
Golden Agri-Resources Ltd.
Astra Agro Lestari
As per research studies, around 65% of the global population consumes palm oil derivatives. Abundant availability of raw materials associated with these derivatives is the primary factor responsible for such high consumption. Moreover, the amount of oil produced from palm plants is the highest in comparison to other oil sources. People are increasingly becoming conscious about their health, shifting food preference towards a healthy diet.
The rising consciousness about consumption of trans fat is expected to drive the market growth. This, along with the increasing inclination towards bio-based chemicals, will significantly contribute to the growth of the market during the forecast years.
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Fortune Business Insights offers a detailed overview of the global market in a report, titled “Palm Oil Derivatives Market Size, Share and Global Trend by Type (RBD Palm Oil, RBD Palm Olein and Stearin, Oleo chemicals, Palm Kernel Fatty Acid Distillates, Palm Kernel Meal, Others), By Application (Food, Cosmetics and Personal Care, Pharmaceuticals, Biofuel, Animal Feed, Other Applications) and Geography Forecast 2019-2026.” The report primarily encompasses different dynamics of the market including drivers, opportunities, restraints, and threats faced by the industry.
Analysts narrow down the data by using primary and secondary sources along with other analytical tools to arrive at a favourable growth rate and other market values. Furthermore, the report offers a deep-dive assessment of qualitative and quantitative estimation of different market elements.
North America to Witness the Highest Demand from Personal Care and Cosmetics Sectors