Latest News- Palm Oil Market: Edible oil is expected to lead the Application segment during 2025-2029

The Palm Oil Market is being driven by Increasing consumer awareness regarding health benefits of palm oil

The Palm Oil Market is expected to grow at a CAGR of 9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 54.4 billion. In the rapidly evolving energy landscape, biofuels have emerged as a viable and sustainable alternative to traditional fossil fuels. Biofuels are derived from plant biomass and can be categorized into three generations based on their feedstocks. First-generation biofuels are produced from edible vegetable oils such as soybean oil, palm oil, and sunflower oil. These oils are extracted from crops that were initially used for human consumption, making them the first type of crop to be utilized for biodiesel production. Second-generation biofuels, on the other hand, are derived from non-edible vegetable oils, animal fats, used cooking oils, agricultural and solid municipal wastes. Examples of such feedstocks include jatropha, mahua, jojoba oil, salmon oil, sea mango, and microalgae, cyanobacteria, and other single-celled oleaginous microorganisms, collectively referred to as third-generation biofuels. The use of non-edible feedstocks reduces the competition between food production and biofuel production, making it a more sustainable and eco-friendly option. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Edible oil
  • Surfactants
  • Bio-diesel
  • Others
• Type
  • Conventional
  • Organic
• Geography
  • APAC
    • China
    • India
  • Middle East and Africa
  • Europe
    • Germany
    • UK
  • North America
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing consumer awareness regarding health benefits of palm oil
• Rising demand for biofuels
• Growing demand for industrial applications elevating market prospects

However, the market also witnesses some limitations, which are as follows:

• Concerns about deforestation and plant diversity losses
• Scarcity of cultivable land
• High premium and limited availability of palm oil

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Market Scope in Palm Oil Market Research Report

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Research Analysis Overview

The Palm Oil Market encompasses various aspects of production, from oil palm genetics and nutrient management to integrated pest management and water management. Soil health, climate change adaptation, and efficient harvesting methods are also crucial elements. Waste recycling processes, biomass energy, fiber utilization, and chemical composition analysis are key components of sustainable production. Sensory evaluation, quality control measures, shelf life extension, market access, value chain optimization, supply chain management, product diversification, production efficiency, and cost reduction strategies ensure optimal market performance.

Market Research Overview

The palm oil market is a significant component of the global packaged foods and meats industry, with key players focusing on optimizing oil palm yield, fruit bunch weight, palm oil extraction, and mesocarp oil content. The market's size is determined by the consolidated revenue of these players, excluding those involved in food processing equipment manufacturing. Notably, the packaged foods and meats sector encompasses vendors engaged in eliminating microorganisms and extending product shelf life. Factors driving market growth include the health benefits linked to minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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