Palm Oil: A Global Strategic Business Report
San Jose, California (PRWEB) February 16, 2010
Palm oil, a kind of edible vegetable oil, is derived from the pulp of the fruit of the oil palm tree. Over the past 20 years, the share of palm oil in the worldwide vegetable oil market has grown two-folds along with a strong increase in global palm oil trade. This indicates that even the palm oil consumption has increased significantly worldwide. A few factors for the rapid growth of oil palm include: palm oil production costs that are low in comparison to other crops of similar nature, and annual yields or oil produced from a hectare of palm oil plantation is more than that produced by other types of vegetable oils.
Palm oil is extensively used by both the food industry and the non-food sectors. Within the food industry, palm oil finds use in confectionery fats, margarine, shortenings, and vanaspati production and for industrial and domestic cooking and frying purposes. Natural palm oil is free from any trans fats, which makes it a healthy fat substitute for margarine, bakery shortenings and confectionery fats preparations. Within the non-food sectors, palm oil finds use as a raw material in oleochemicals, fatty acids, fatty alcohol, glycerol, and as by-product for the production of pharmaceutical, industrial, household and cosmetic products.
China dominates the world palm oil market, in terms of consumption, as stated by the new market research report on palm oil. China does not produce palm oil and is completely dependent on imports to meet the domestic demand. The country's vegetable oil consumption is at its peak during the festive seasons and holidays.. In India, the palm oil consumption is on a rise mainly due to lower prices as compared to its competing products. The country's palm oil trade hinges on demand-supply ratio, oilseed production, prices of other imported / domestically produced oils, and government trade policies, among other factors. In Malaysia, which is one the largest producers of palm oil the world, the domestic market for palm oil continues to grow driven by increased demand from sectors such as cosmetics and food processing industries.
Palm oil is considered as a feasible source for conversion to biodiesel. Despite gaining consumer recognition, scientific expertise, and technical development, biodiesel is not in wide commercial use. The conversion however has been criticized by various NGOs and environment groups across the world mainly due to environmental concerns including deforestation, extinction of the orangutans and the arising dispute for usage of palm oil for fuel versus food, as converting food crops into fuel would increase the count of malnourished people considerably in the whole world.
Key players profiled in the report include Alami Vegetable Oil Products Sdn Bhd, Golden Agri-Resources Ltd., Golden Hope Plantations Berhard, IOI Group, Kuala Lumpur Kepong Berhard, MM Vitaoils Sdn Bhd, PT Astra Agro Lestari Tbk., PT Indofood Sukses Makmur Tbk., PT Musim Mas, PT Perusahaan Perkebunan London Sumatra Indonesia Tbk, Siat Group of Companies, Sime Darby Sdn Berhad, United Palm Oil Industry, and Wilmar International Limited.
The report titled "Palm Oil: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market, production and consumption overview, price trends, tax policy, concerns, and recent industry activity. The study analyzes market data and consumption analytics in terms of volume for regions including The United States, Europe, India, China, Pakistan, Malaysia, Indonesia and Rest of World.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Palm_Oil_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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