A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Palm
Kernel Oil Market.
The study, titled “Palm
Kernel Oil Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Palm
kernel oil, scientifically known as Elaeis guineensis jaq, is a plant
oil derived from a palm seed. The unique crop of palm produces crude
palm oil from the mesocarp and crude palm kernel oil from the kernel.
A saturated vegetable fat, palm kernel oil is semi-solid at room
temperature and mainly used for commercial cooking as it is cheaper
than other oil types. It remains stable at high cooking temperatures
and can be stored longer than other vegetable oils. Palm kernel oil
is more saturated than palm oil and primarily used for edible
applications and to manufacture soap, cream, lotion, and milk.
Browse
Market Research Report @
The
palm kernel oil market can be segmented based on its applications
into the following groups: food products, personal care, biodiesel,
and others. In terms of geographies it is available in, the market
can be distributed over North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
By
application, the food products segment held the major share in the
market for palm kernel oil, which is used to manufacture ghee,
butter, ice-cream, chocolate, and other dairy products. In terms of
personal care applications, the oil is employed in the production of
soap, cream, body lotions, and other products. It is also used for
biodiesel and lubricant applications. The need for
environment-friendly energy sources has led to intensified efforts
with respect to research in that area. One such endeavor is the
production of biofuels from palm kernel oil using methanol and sodium
hydroxide pellets in a base-catalyzed trans-esterification reaction.
When 187g palm kernel was trans-esterified with 37g of methanol and
0.7g of NaOH pellets at an operating temperature of 55°C, it
resulted in a percentage conversion of 90.53% for palm kernel oil
feedstock and 15.20g of glycerol. The density of diesel from palm
kernel oil stood at 848.0kg/m3.
Growing
concerns regarding the harmful side-effects of chemicals present in
cosmetics and toiletries are expected to play a major role in
promoting palm kernel oil in the market throughout the forecast span.
Rising awareness about the benefits of naturally derived cosmetics
and personal care products is also anticipated to strengthen the
market. Increasing number of concept retail stores and showrooms,
along with rising demand from departmental stores, beauty product
stores, spas, and salons are likely to add to the demand for the
product in the next few years.
Asia
Pacific constituted a major share in the palm kernel oil market in
2015, led by the high growth in food and personal care products in
this region. It dominates the palm kernel oil market owing to the
concentration of raw material production here. Demand for palm kernel
oil is also high in Europe and North America. The U.S., Germany,
China, India, and Japan accounted for a key share in the market in
2015. Demand for palm kernel oil in Middle East & Africa and
Latin America is likely to rise at a steady rate during the forecast
period.
Key
players operating in the global palm kernel oil market include
Cargill Inc., United Palm Oil Industry Public Company Limited, Wilmar
International Limited, Sime Darby, Golden Agri Resources Limited,
Godrej Agrovet Limited, PT Astra Agro Lestari Tbk, IOI Corp., London
Sumatra, Kulim Bhd, Musim Mas Group, and Alami Group.
Fill
the form for an exclusive sample of this report @
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Us
Transparency
Market Research
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
No comments:
Post a Comment