hot sale famous brand palm oil production

                                               
                                               
                                               
                                               
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  • Who is the largest palm oil producer in the world?
  • Wilmar International Limited, a Singapore based agricultural business, is the leading palm oil production company in the world, in terms of market capitalization. In 2022, Wilmar International’s palm oil market capitalization amounted to 2.02 billion U.S. dollars. Palm oil production is on the rise worldwide.
  • What is the global market for palm oil?
  • According to Grand View Research, the global market for palm oil was valued at $67.3 billion in 2022 and is forecasted to grow at a CAGR of 5.1% from 2023 to 2030. As per Index Mundi, in 2022, Indonesia and Malaysia were the leading exporters of palm oil, while India, China, the EU, and Pakistan remained the leading importers.
  • When did palm oil become a commercial crop?
  • In terms of large-scale commercial production, however, oil palm is a relatively recent crop that only emerged into global prominence later in the twentieth century, with an almost linear rise from 1990 to the early 2000s, followed by a plateau after 2007 (Malaysian Palm Oil Production by Year 2020 ).
  • What products contain palm oil?
  • Palm oil is found in half of all supermarket products, including shampoo, lipstick, body lotion, and packaged foods, in addition to animal feed, and biofuels (Rainforest Action Network, n.d.). Palm oil is a widely attractive ingredient due to its texture, taste, odour, consistency, and shelf life.