Outlook on the Palm Oil Global Market to 2026 - by Region and Application
April 16, 2021 05:53 ET
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Research and Markets
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The global palm oil market reached a value of US$ 48.1 Billion in 2020. Originating from West-Africa, palm oil is an edible vegetable oil produced from the mesocarp of the fruit of oil palms. It is the world's highest yielding oil crop, with output 5-10 times higher per hectare than other leading vegetable oil crops. It offers numerous nutritional benefits since it is cholesterol-free, easy to digest and rich in carotenoids, as well as Vitamin A. It also has a longer shelf-life and is cheaper than other vegetable oils available in the market.