DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/lqv6md/global_palm_oil) has announced the addition of the "Global Palm Oil Market Report: 2014 Edition" report to their offering.
Palm oil, one of the least expensive and high yielding crop, is a derivative of the oil palm (Elaesis guineensis) and is an essential component of diet. The oil palm is known for production of two types of oils from its fruit; first; the oil derived from the flesh of the fruit that is mainly serves the purpose of cooking oil, shortening, margarines, as a milk fat replacement, and in cocoa butter substitutes. The other oil is primarily used in manufacturing of soaps, cosmetics, detergents, and toiletries and is derived from the kernel. Oil Palm, the world's highest yielding crop, is capable of producing an output that is 5 to 10 times greater than the output of other vegetable oils per hectare thereby, making it one of the most widely consumed oil across the globe.
To satisfy the rising demand of palm oil from biofuel, agrifood, and oleochemistry industry, the global palm oil production is anticipated to be on a continuous rise in the foreseeable future. Indonesia and Malaysia are the leading two producers of palm oil while India and China are the major consumers. However, due to stringent regulations in Europe regarding the use of biofuels, it is also emerging as one of the leading importers of palm oil. The demand for sustainable palm oil is anticipated to grow in the near future as it addresses the environmental concerns such as it develops new plantation on existing cleared land, conserves natural resources, etc.
The key factors driving growth of the global palm oil industry include high oil yields and lower cost of palm oil against major vegetable oil, escalating demand for biofuels, rising global population apart from growing per capita consumption. Some of the noteworthy trends and developments of this industry include ongoing merger & acquisition activities, rising acceptance of certified sustainable palm oil, rising biofuels mandates. However, the growth of the industry is being hindered by rising climatic and environment concerns, reduced land availability, and escalating biodiversity risks.
Key Topics Covered
- Vegetable Oil Market
- Palm Oil Market
- Major Oil Palm Producing Countries
- Market Dynamics
- Company Profiles
- Market Outlook
- IOI Corporation Berhad
- PT Astra Agro Lestari
- Sime Darby
- Wilmar International
For more information visit http://www.researchandmarkets.com/research/lqv6md/global_palm_oil