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The North America palm oil market is expected to exhibit a CAGR of 3.31% during 2022-2027. 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.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America palm oil market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on application.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | Million Tons, US$ Billion |
| Segment Coverage | Application, Country |
| Countries Covered | United States, Canada |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| 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) |
We expect the North America palm oil market to exhibit a CAGR of 3.31% during 2022-2027.
The growing consumer awareness towards numerous benefits of palm oil, such as preventing premature aging, boosting immune system, improving vision, reducing the risk of cardiovascular diseases, etc., is primarily driving the North America palm oil market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of palm oil across several nations of North America.
Based on the application, the North America palm oil market can be segmented into household cooking, food and beverages, oleo chemicals, personal care, animal feed, and others. Currently, household cooking holds the majority of the total market share.
On a regional level, the market has been classified into United States and Canada, where the United States currently dominates the North America palm oil market.
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