DUBLIN–(BUSINESS WIRE)–The “Asia-Pacific Palm Oil Market (Production, Consumption, Exports & Imports): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)” report has been added to ResearchAndMarkets.com’s offering.
The Asia-Pacific palm oil market is forecasted to reach US$41.38 billion in 2026, experiencing growth at a CAGR of 6.00%, over the period 2022-2026. Growth in the Asia-Pacific palm oil market is supported by factors such as growing population, surging biofuel production, expanding cosmetics sector and escalating application in various markets.
However, the market growth would be challenged by growing labour challenges, rising economic and social issues and increasing environmental concerns. The market is anticipated to experience certain trends like accelerating baked goods & confectionery retail sales, rapid adoption in laundry detergent market, rising initiatives to ban Trans Fat and growing shift towards palm oil crop transplanting.
The Asia-Pacific palm oil market by region can be segmented into the following regions: Indonesia, Malaysia, Thailand, India, China, Pakistan, Bangladesh and Philippines. In 2021, the dominant share of palm oil production was held by Indonesia, followed by Malaysia and Thailand. The fastest growing country, both in terms of production and consumption, is Indonesia due to increasing palm oil plantation area, favourable government regulations and rising number of edible oil manufacturers engaged in palm oil production activities.
Scope of the report
Key Target Audience
Market Dynamics
Growth Drivers
Key Trends and Developments
Challenges
Key Topics Covered:
1. Overview
2. Impact of COVID-19
3. Asia-Pacific Market Analysis
4. Country Market Analysis
5. Market Dynamics
6. Company Profiles
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/acjhbu
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Laura Wood, Senior Press Manager
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