Data Bridge Market Research analyses that the palm kernel acid oil market will witness a CAGR of 3.2% for the forecast period of 2022-2029 and is likely to reach at USD 3,268.21 million by the end of the forecast period of 2022-2029.
Palm kernel oil is derived from the kernels or nuts of the palm tree. Kernel oil is also known as tropical oil, and it has a high nutritional value. Oil contains a unique combination of fatty acids that provide various benefits. The fatty acid found in Palm Kernel Oil has a long shelf life and is non-toxic. Natural fatty acids extracted from palm kernel oil have a variety of properties, including biodegradability, performance efficiency, environmental sustainability, and a low-cost extraction process. Saturated and medium-chain oleochemicals found in these oils include lauric acid, caprylic acid, myristic acid and capric acid.
The increased demands for detergent around the world, as well as the use of Palm Kernel acid Oil Based, are driving market growth. Surfactant consumption trends are driving the Global Palm Kernel acid Oil Market. These oleochemicals are used as the primary source for the hydrophobic component of surfactants due to their versatility, natural origin, and consistent supply. Furthermore, rising public awareness of the benefits of naturally derived cosmetics and personal care products, resulting in widespread use of palm kernel acid products for makeup, suntan, moisturisers, and hair care, is propelling the growth of the Palm Kernel acid Oil Market. Personal care product sales are increasing in tandem with rising disposable income and rising beauty consciousness among the economically affluent population.
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Some of the major players operating in the palm kernel acid oil market report Alami Commodities Sdn Bhd, Godrej Agrovet, BOUSTEAD HOLDINGS BERHAD, Wilmar International Ltd., Cargill Incorporated, Sime Darby Berhad, London Sumatra, Golden Agri-Resources Limited, United Palm Oil Industry Public Company Limited, IOI Corporation, Musim Mas Group, Kuala Lumpur Kepong, ADM and United Plantations Berhad among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Palm Kernel Acid Oil Market Scope and Market Size
The palm kernel acid oil market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the palm kernel acid oil market is segmented into pharma grade and cosmetic grade
- On the basis of application, the palm kernel acid oil market is segmented into pharmaceutical manufacturing, cosmetic processing, others
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Palm Kernel Acid Oil Market Regional Analysis/Insights
The Palm Kernel Acid Oil market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Palm Kernel Acid Oil market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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