North America Palm Oil Market Report 2022-2027: Industry Size, Share, Growth and Trends
SHERIDAN, WY, USA, June 9, 2022 /EINPresswire.com/ — According to the latest report by IMARC Group, titled “North America Palm Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″ , the North American palm oil market is expected to grow at a CAGR of 3.31% during the period 2022-2027. Palm oil is a high quality edible vegetable oil obtained by threshing, sterilizing, pressing and refining the mesocarp of the oil palm fruit. It is enriched with essential vitamins, beta-carotene, carotenoids and antioxidants which help treat cyanide poisoning, boost the immune system and lower blood pressure and high cholesterol. Therefore, palm oil is widely used as an active ingredient for the preparation of various food and personal care products. Currently, it is available in crude, fractionated, grained, and refined, bleached, and deodorized types.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Palm oil market trends in North America:
The North America palm oil market is primarily driven by rising health awareness, increasing prevalence of various chronic diseases, and rising consumer awareness regarding the benefits associated with oil consumption of palm. Additionally, the significant expansion of the food and beverage (F&B) sector and the large consumption of ready-to-eat (RTE) meals due to changing consumer preferences are propelling the growth of the market. Additionally, increasing adoption of products to manufacture creams, soaps, and pharmaceuticals is supporting the growth of the market. Additionally, the launch of several palm oil product variants by key players to expand their existing consumer base is helping the market grow.
Key Market Segmentation:
The report has segmented the North American palm oil market based on application and country.
Breakdown by application:
• Domestic kitchen
• Food and drinks
• Oleo chemicals
• Personal care
• Animal feed
Breakdown by country:
• United States
Competitive landscape with key players:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Market trends
• Market drivers and success factors
• Impact of COVID-19
• Value chain analysis
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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