Global Palm Oil Industry - Need for Real-time Monitoring Stimulates Growth – Analysis and Forecast 2027
Market Highlights Palm oil is a type of edible vegetable oil which is derived from palm fruit. Palm oil contains carotenes like lycopene and beta-carotene in abundance. Moreover, beta-carotene is an excellent antioxidant, also human body can convert some beta-carotene into vitamin A. Palm oil is used as cooking oil but owing to its high health-promoting properties, it is also used as a nutritional supplement. The most commonly used palm oil are crude palm oil, palm kernel oil, and others. They are applicable as a cooking oil, bio-diesel, lubricants, cosmetics, and others. Market Forecast High nutritional level of palm oil is majorly driving the growth of the market. Increasing consumption of palm oil in different industries is boosting the growth of the market. Moreover, low price of palm oil as compared to other vegetable oils is also supporting the growth of the market. Changing consumption pattern among the consumers and inclination towards a healthy diet is influencing the food i