Palm Oil Market Size 2023, Forecast By 2032

The Palm Oil Global Market Report 2023, provides comprehensive information on the palm oil market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/palm-oil-global-market-report

The global palm oil market size is expected to grow from $61.15 billion in 2022 to $64.67 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global palm oil market size is expected to reach $78.48 billion in 2027 at a CAGR of 5.0%.

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Technological advancements are the key trend gaining popularity in the palm oil market. Major companies operating in the palm oil market are introducing new technologies for the efficient supply of palm oil products and sustain their position in the market. For instance, in March 2022, Unilever plc, a UK-based consumer goods company with a focus on sustainable palm oil, has launched a pilot project that utilizes SAP blockchain technology to verify the origin of its palm oil. The implementation of this initiative has the potential to revolutionize the transparency, traceability, and sustainability of palm oil production. Furthermore, this project enables the involvement of small-scale producers from the countries of origin, enhancing the sustainability of the supply chain.

The palm oil market is segmented:

1) By Product: Crude Palm Oil, RBD Palm Oil

2) By Nature: Organic, Conventional

3) By End Use: Food And Beverage, Personal Care And Cosmetics, Biofuel And Energy, Pharmaceutical, Industrial

Asia-Pacific was the largest region in the palm oil market in 2022.

The table of contents in TBRC’s palm oil market report includes:

1. Executive Summary
2. Palm Oil Market Characteristics
3. Palm Oil Market Trends And Strategies
4. Palm Oil Market – Macro Economic Scenario
5. Palm Oil Market Size And Growth

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26. Africa Palm Oil Market
27. Palm Oil Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Palm Oil Market
29. Palm Oil Market Future Outlook and Potential Analysis
30. Appendix

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