- Palm Kernel Oil (PKO)
- Crude Palm Oil (CPO)
Palm Methyl Ester Derivative Market size valued USD 1,432.2 million in 2022 and is poised to grow at a CAGR of 6.5% from 2023-2029. Some of the key factors influencing the market growth include rising consumer preference for natural personal care products and cosmetics, increased adoption of organic products, rising product availability and standardization However, regulatory pressure on companies are likely to limit the market growth. This report studies global palm methyl ester derivative market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
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Beauty and personal care products continue to cause excitement among consumers who want to live a more holistic lifestyle, with the industry redoubling its efforts to create product lines that are cleaner and greener. Growing awareness about health, wellness, and personal grooming and appearance among men is projected to account for a rise in the demand for men’s grooming products also. Rise in awareness about the benefits of natural ingredients used in personal care and homecare products is a major factor driving the demand for palm methyl ester derivatives. Palm methyl ester derivatives are oleochemicals derived from crude palm oil (CPO) and palm kernel oil (PKO). Shifting consumer preference for natural materials and process sustainability in food, personal care, and other sectors are estimated to boost the demand for palm methyl ester derivatives in the near future.
The palm methyl ester derivative market size was valued at USD 1,432.2 million in 2022
Expanding personal care and cosmetic application will drive the market’s growth
Asia Pacific is the fastest-growing for palm methyl ester derivative market
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