Palm Oil Market Size, Type, Dynamics, and Industry Analysis by 2030
Globally the palm oil market is witnessing high demand growth over the forecast period. Palm oil can be used for cooking, biodiesel, for lubrication, and in cosmetics. Such wide scope of application of the palm oil is attributable to the ascension of the global palm oil market over the assessment period. Further, in the biofuels industry, palm oil is utilized as feedstock for producing biodiesel and as an alternative to mineral oils for various applications in power stations, which is promoting sizeable growth to the palm oil market.
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