Palm Oil Market Estimated At USD 100.4 Billion By 2030
San Francisco, 14 Aug 2024: The Report Palm Oil Market Size, Share & Trends Analysis Report By Nature (Organic, Conventional), By Product (Fractionated Palm Oil, Crude Palm Oil), By End-use (Pharmaceuticals, Biofuel & Energy), By Region, And Segment Forecasts, 2024 - 2030 The global palm oil market size is expected to reach USD 100.4 billion by 2030, expanding at 5.1% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is driven by increasing demand for food applications and eco-friendly, organic, and sustainable products. Personal care products and cosmetic industries are also major sectors accountable for the growth of products. Palm oil is an edible oil that is derived from the mesocarp of the palm fruit. Indonesia and Malaysia are the largest producers as well as exporters of the product globally. It is extensively used in the food, cosmetic, and personal care products industries, among others. Asia pacific region is the largest co