Latin America Palm Oil Market size is worth USD XX billion in 2021 and estimated to grow at a CAGR of x%, to reach USD XX billion by 2027
The Latin America Palm Oil market is developing at an exceptionally quick pace. Palm oil is an economically important and versatile vegetable oil used as a raw material for both food and non-food products. Palm oil is used all over the world and is found in supermarkets ranging from sweets, baked goods, margarine, cereals, washing powders, and cosmetics. Palm oil is also used as a first-generation biofuel. It is also used in preventing vitamin A deficiency, cancer, brain disease, and aging; and treating malaria, high blood pressure, high cholesterol, and cyanide poisoning. Most palm oil is produced in Asia, Africa, and South America because the trees require warm temperatures, sunlight, and plenty of rain in order to maximize crop production.
The significant driver is improving economic conditions, rising living standards, changing eating habits in emerging countries, and growing demand for vegetable oil as a feedstock for biodiesel production. Properties such as cooking, which can be used in high temperatures; Its smooth and creamy texture and no smell make it a perfect ingredient for many recipes like it is used in the bakery (especially for biscuits) and has led to a surge in the growth of this industry. It has a natural perspective effect which helps the longevity of the food by resisting the oxidation that spoils them.
By Derivative:
Crude Palm Oil
Palm Kernel Oil
And Palm Kernel Cake
By Application:
Edible Oil
Cosmetics
Bio-diesel
Lubricants
Brazil
Mexico
Argentina
Golden Agri Resources Limited
Godrej Agrovet Limited
PT Astra Agro Lestari Tbk
Cargill Inc
United Palm Oil Industry Public Company Limited
Wilmar International Limited
Sime Darby
IOI Corp
London Sumatra
Kulim Bhd
Musim Mas Group
Alami Group
ADM
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