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Friday, 19 May 2017
In-Depth Market Analysis On Palm Oil & Palm Oil By-Products
Palm Oil & Palm Oil By-Products Market is a new market research publication announced by Reportstack. The global Palm Oil Market and its by-products market is expected to expand at a healthy pace in coming years. Palm oil & palm oil by-products market is segmented on the basis of type, applications, and geography. Palm oil is a type of oil, extracted from fruits of oil palms such as the African oil palm and American oil palm trees among others, which has extensive applications in several industry verticals.
Palm oil by-products are produced during the palm oil extraction process. While the crude oil palm extract is utilized for industrial applications, the oil extracted from the kernel of the oil palm is utilized for human consumption. Post extraction, the residues of the oil palm fruit is either used as an animal feed or dried, formed into briquettes and utilized as a combustion material. Rising consumption of palm oil, as well as palm kernel oil, is acting as a push factor for the growth of the palm oil market.