The Global Market for Palm Oil is Projected to Exceed 85 Million Metric Tons by 2024
Focus on Biofuels Made from Palm Oil Production Waste as an Energy Security Solution Drives the Global Palm Oil Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Palm Oil market. The global market for Palm Oil is projected to exceed 85 million metric tons by 2024 , driven by increasing demand in various applications owing to the cost-effective, healthy and Trans-fat-free nature of palm oil, and growing prominence of certified sustainable palm oil. Extracted from the flesh and inner stone of the palm fruit, palm oil is mainly produced in the tropical forests of South East Asia, Africa, and South America. Myriad benefits of palm oil over other oil varieties such as soybean oil, rapeseed oil, sunflower oil, etc., which are driving its widespread adoption across the world include prevention of vitamin A deficiency, neurological...