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Follow on Google News | Asia-Pacific Palm Oil Market (Production, Consumption, Exports ): Insights & Forecast (2022-2026)The major countries such as Indonesia, Malaysia, Thailand, India, China, Pakistan, Bangladesh and Philippines have been analyzed.
By: Koncept Analytics Palm oil is an edible vegetable oil that is extracted from the flesh or pulp (the outer part) of the fruit of the oil palms. It is a versatile oil, used as a raw material for both food (cooking oil, shortenings, margarine, and as a feedstock for biofuel) and non-food industries (consumer products, including soaps, cosmetics, candles, and detergents). The Asia-Pacific palm oil market by region can be segmented into the following regions: Indonesia, Malaysia, Thailand, India, China, Pakistan, Bangladesh and Philippines. In 2021, the dominant share of palm oil production was held by Indonesia, followed by Malaysia and Thailand. The fastest growing country, both in terms of production and consumption, is Indonesia due to increasing palm oil plantation area, favourable government regulations and rising number of edible oil manufacturers engaged in palm oil production activities. Scope of the report:
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