(Food-Beverage-News.Com, October 14, 2016 ) Palm oil, which is the most widely used vegetable oil worldwide, is obtained from the fruit of the oil palm tree. The palm oil is used for various purposes including cooking oil, margarines and as a mil fat replacement. It is also used in preventing vitamin A deficiency, cancer, brain disease, aging; and treating malaria, high blood pressure, high cholesterol, and cyanide poisoning. Industrially, palm oil is used for manufacturing cosmetics, soaps, toothpaste, waxes, lubricants, and ink. In comparison with other vegetable oils, which are soybean oil, rapeseed oil, sunflowerseed oil, coconut oil and many others, the production and consumption of palm oil is highest making its demand increase year over year.
The global palm oil market is growing at a great pace worldwide and is expected to continue this growth in comparison with other vegetable oils. On a regional basis, Malaysia and Indonesia are the leading producers of palm oil globally mainly attributable to favourable climate condition and increased use of biofuels and political stability. China and India are the biggest consumers of palm oil in the world as people of these two countries consume more goods containing palm oil. Europe is also emerging as the leading importer of palm oil due to increasing demand of biofuels which are being used as generation of power and heat in the region. For more information about this report http://www.reportsweb.com/Global-Palm-Oil-Market-Report-2015-Edition . The major factor that contributes in the growth of the industry includes rising employment population, growing global economy, growing per capita consumption of palm oil, rising demand for biofuels and cost effectiveness. The key trends observed within the industry include various mergers and acquisitions by the companies and rapidly increasing acceptance of Certified Sustainable Palm oil. However, the industry is also witnessing many hindrances including impact on environment and climate, reducing land availability, strict shipment compliances and rising palm oil monthly closing stock.
The report studies the palm oil market on a global scale with detailed information regarding the key regional markets which includes Indonesia and Malaysia. The competition in the global market is intense with few large players viz. Wilmar International Limited, PT Astra Agro Lestari Tbk, Sime Darby and IOI Corporation Berhad. The company profiles of the leading players in the palm oil market are discussed in detail.
