/PRNewswire/ A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled.
Global Palm Oil Market to 2026 - Remote Sensing Technologies to Potentially Revolutionize Oil Palm Industry prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
ABSTRACT-
Global Palm Oil Market to Reach $57.2 Billion by 2026Palm oil and palm kernel oil are obtained from the mesocarp and palm kernel of oil palm fruit, respectively, with the two differing in terms of saturated fat content. While palm oil is 52% saturated, palm kernel oil holds 86% saturated fat. The latter is mainly used in a broad range of consumer products, from soaps and cosmetics to detergents and candles. In addition to its use in an extensive spectrum of food products such as shortenings, cooking oil and margarines, palm oil is used as feedstock for bio-fuel. Compared to other oils, red palm oil contains high proportions of antioxidants and vitamin E and a high content of carotene, which is not found in other oils. Amid the COVID-19 crisis, the global market for Palm Oil estimated at US$42.8 Billion in the year 2020, is projected to reach a revised size of US$57.2 Billion by 2026, growing at a CAGR of 5% over the analysis period. Crude Palm Oil, one of the segments anal