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Palm oil is a vegetable oil that is extracted from the mesocarp of oil palms. Sustainable palm oil is palm oil produced under the guidelines and rules of the RSPO, a non-profit organization whose mission is to reform markets so that sustainable palm oil becomes the standard
Sustainable palm oil is reddish in nature due to the high beta carotene content.
The reduced cholesterol content of sustainable palm oil is the key driver of the sustainable palm oil market's expansion.
COVID-19 Impact Analysis
Top Impacting Factors
The global sustainable palm oil market is expected to increase due to rising demand for palm oil in many industries such as cosmetics and personal care, food and beverage, restaurants, and even in the home.
Because of its smooth and creamy texture, as well as the lack of odor when employed, the baking business uses sustainable palm oil in their products. Because palm oil does not easily go rancid, it helps to extend the shelf life of food.
Palm oil cultivation takes only a little amount of land, making it inexpensive and accessible to consumers. Palm oil is grown as a cash crop in a variety of countries, particularly those whose economies are based largely on agriculture.
Another element driving sustainable palm oil growth is government deforestation rules, as the RSPO has enacted legislation prohibiting producers from damaging the environment and wildlife.
In addition, the use of palm oil as an ingredient is predicted to boost global sales of sustainable palm oil.
Market Trends
Demand from a Variety of End-user Sectors is on the Rise
Costs of Sustainable Palm Oil are High
Initiatives to Encourage the Use of Sustainable Palm Oil
Key Benefits of the Report
Questions Answered in the Sustainable Palm Oil Market Research Report
Sustainable Palm Oil Market Report Highlights
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Key Market Players | United Plantation Berhad, Sime Darby Plantation Sendirian Berhad, SIPEF Group Belgium, IOI Corporation Berhad, Golden Agri-Resources Limited, Kulim Berhad, New Britain Palm Oil Limited, Cargill, Wilmer International Limited, Kuala Lumpur Kepong Berhad. |
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