• What is the growth rate of palm kernel oil market?
  • The global crude Palm Kernel Oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for edible oils and bio-diesel across the globe.
  • Will palm kernel oil market grow in 2024-2032?
  • Aided by increased consumption of processed food and beverage goods and rise in general health consciousness, the market is expected to witness further growth in the forecast period of 2024-2032. The global palm kernel oil market witnessed a CAGR of 3.5% in the historical period of 2016-20220 to attain a volume of 9.43 million metric tons in 2022.
  • What is the global palm oil market size?
  • The sample report only takes 30 secs to download, no need to wait longer. The global palm oil market size was valued at USD 62.94 billion in 2021 and is projected to reach USD 99.41 billion by 2030, registering a CAGR of 5.21% from 2022 to 2030.
  • Which countries are boosting the market for palm kernel oil?
  • Moreover, Europe is a world leader in automotive manufacturing and is home to many of the industry’s key players. Increased biodiesel demand in Germany, Spain, and other European countries is expected to boost the market for palm kernel oil. Palm kernel oil (Elaeis guineensis jaq) is a plant oil obtained from the kernel of palm seed.
  • What is crude palm kernel oil?
  • Crude palm kernel oil is an Edible Vegetable Oil extracted from the kernel of palm fruit. It is used to make soap, as a fuel, and in the production of margarine. Pressing crude palm kernel oil (CPKO) is a process of extracting vegetable oil from the crushed seeds of the fruit called PKO.
  • Should palm oil be sold on the domestic market?
  • As a result, local producers have more favourable conditions to sell palm oil on the domestic market, as those who sell to the export market and receive higher prices must pay a fee to the fund while those selling exclusively to the domestic market receive compensation (Brounen et al., 2021; Fedepalma, 2021).