vegetable soybean palm kernel oil line in world market

   
vegetable soybean palm kernel oil line in world market
                                               
                                               
                                               
                                               
  • vegetable soybean palm kernel oil line in world market
  • What is the global palm kernel oil market size in 2023?
  • The global palm kernel oil market witnessed a CAGR of 3.5% in the historical period of 2016-2020 to attain a volume of 9.43 million metric tons in 2023. The United States market for palm kernel oil is expected to witness healthy growth in the forecast period.
  • How big is the palm oil industry in 2021?
  • The palm oil sector grew to a market value exceeding USD 50 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of at least 4%, reaching USD 65 billion by 2027 (Research and Markets, 2022). More than 7 million smallholders globally cultivate oil palm as their main form of livelihood (RSPO, 2022b).
  • How do palm oil prices intersect with sustainability?
  • Therefore, examining how palm oil prices intersect with the sector¡¯s sustainability is paramount. As with other commodity markets, palm oil prices are largely correlated with shifts in supply and demand and with price movements of competing products, such as other vegetable oils (e.g., sunflower and soybean oil) or biodiesel.
  • Is palm oil the most important vegetable oil in the world?
  • In addition, an excursus to the biofuel production and the dependencies between oil and meal markets will be provided. The analysis ends with an outlook. Palm oil has become the most important vegetable oil in the global market and has experienced the most dynamic growth in production and exports compared to all other vegetable oils.