Sarasota, FL -- (SBWIRE) -- 07/17/2018 -- Zion Market Research has published a new report titled "Palm Kernel Oil Market by Applications (Edible Oil, Cosmetics, Biodiesel, Lubricants, Surfactants and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022". According to the report, the global palm kernel oil market was valued at around USD 10.00 billion in 2016 and is expected to reach approximately USD 14.00 billion by 2022, growing at a CAGR of 4.5% between 2017 and 2022.

The report covers forecast and analysis for the palm kernel oil market on a global and regional level. The study provides historic data of 2014, 2015 and 2016 along with a forecast from 2017 to 2022 based on volume (kilo tons) and revenue (USD million). The study includes drivers and restraints of the palm kernel oil market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the palm kernel oil market on a global level.

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The palm kernel oil is expected to witness significant growth in the years to come. The market is mainly driven by growing demand for biofuels. Biofuels offer multiple advantages over conventional non renewable energy sources. Rising awareness about the benefits of naturally derived cosmetics and personal care is also expected to have a positive impact on this market. However, instability in the price of palm kernel oil and availability of limited cultivable land can possibly act as a restraint for palm kernel oil market.

In order to give the users of this report a comprehensive view on the palm kernel oil market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's five forces model for the palm kernel oil market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The study provides a decisive view on the palm kernel oil market by segmenting the market based on application and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Based on application, palm kernel oil market can be segmented into edible oil, cosmetics, biodiesel, lubricants, surfactants and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global palm kernel oil market include; Cargill Inc., United Palm kernel oil Industry Public Company Limited, Wilmar International Limited, Sime Darby, Golden Agri Resources Limited, Godrej Agrovet Limited, PT Astra Agro Lestari Tbk, IOI Corp., Kulim BHD, Musim Mas Group, Alami Group and others. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

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