Palm oil is believed to be one of the most nutritious edible oils. This oil is derived from the palm fruit, found originally in Western Africa. However, this plant can flourish in any place with abundant heat and rainfall. There are various categories of palm oil. One such category is crude palm oil which is made from the fruit of the oil palm tree and called “red palm oil” due to its rich dark red color and because it is unprocessed. Alternatively, the palm kernel oil is derived from the seed or the kernel of the palm fruit. As per palm oil market insights, the global market is anticipated to expand at a 5.2% CAGR during the forecast period of 2022-2030.