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The North America palm oil market reached a value of US$ 30 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Palm oil is an edible vegetable oil derived from the mesocarp of the fruit of oil palms. It has a long shelf life, low price and offers high nutritional benefits. Moreover, palm oil is cholesterol-free, easy to digest, and rich in carotenoids as well as Vitamin A. On account of this, it helps in preventing premature aging, boosting immune system, improving vision, reducing the risk of cardiovascular diseases and enhancing energy levels. Consequently, palm oil is widely utilized across several industries such as the food and beverage.
The North America palm oil market is currently being driven by several factors. The escalating demand for palm oil to manufacture ice-creams, non-dairy creamer, margarine, confectionary fats and salad dressing is positively influencing the market growth. Apart from this, owing to the nutritional benefits of palm oil, it widely utilized in the pharmaceutical, personal care and cosmetic industries of the region. Moreover, palm oil is utilized during the production of inks, charcoal, paper and pulp, animal feeds and agrochemicals. Furthermore, the rising environmental concerns have increased the demand for biodiesel, which involves palm oil during production, thereby impelling the market growth.
IMARC Group’s latest report provides a deep insight into the North America palm oil market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America palm oil market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America palm oil market report, along with forecasts for growth at the regional and country level from 2021-2026. Our report has categorized the market based on application.
|Base Year of the Analysis||2020|
|Units||Million Tons, US$ Billion|
|Segment Coverage||Application, Country|
|Countries Covered||United States, Canada|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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