Market Highlights
Analysis of Oils and Fats Segmentation in India; Projections for The Near Future
Food for thought The food market in India is a vibrant and dynamic industry that caters to the diverse tastes and preferences of its vast population. With robust revenue figures and impressive growth rates, the sector offers immense potential for further expansion and innovation. India’s ever-expand...
Analyzing the Surge in Indian Vegetable Oil Imports: Global Dynamics, Price Spreads, and Seasonal Shifts
The International Monetary Fund (IMF) presents a global economic forecast that, while cautiously tempered, offers a perspective of resilience. Although the expected global growth in 2023 and 2024, at 3% and 2.9% respectively, is below the historical average of 3.8% over the last two decades, it̵...
Potential of Enhancing Exports of Malaysian Palm Oil Through the UAE
Introduction The United Arab Emirates (UAE) is a strategic hub in the Middle East, offering numerous opportunities for Malaysian palm oil industry players. As a global logistics and re-export centre, Dubai plays a pivotal role in connecting diverse markets in many continents. With its state-of-the-a...
Despite all the rhetoric, German palm oil imports are actually growing
According to numbers published in July 2023 by UFOP (the German Union for the Promotion of Oil and Protein Plants), the 27 member states of the European Union (EU-27) imported just under four million tons of palm oil from July 2022 to the end of June 2023. That is around 934,000 tons, or 19 % l...
Opportunities for Palm Oil in South Korea’s Growing Prepared Foods Market
South Korea is one of the most vibrant and highly developed countries in the Asia Pacific region. It also the fourth largest economy in Asia, and the twelfth largest in the world. The South Korean economy is characterised by a robust industrial base, technological advancements, and an export-oriente...
Industry Insight into Mexican Oleochemical Industry
Oleochemicals are chemical compounds derived from natural oils and fats such as palm oil, coconut oil, rapeseed oil, and tallow. These compounds are used in a wide range of applications, from the manufacturing of beauty products to the production of soaps and detergents, to the formulation of animal...
Saudi Arabia’s Animal Feed Industry: Opportunity for Malaysian Palm Oil
Background Saudi Arabia has experienced a major transformation since King Salman bin Abdulaziz Alsaud ascended the throne in 2015. Together with his Crown Prince, the popular Prince Mohammed bin Salman, he has transformed the Kingdom’s economic and social sectors. Ever since, Saudi Arabia has been r...
Global Movement against Trans Fat: The Growing Trend of Restriction and Reformulation
Cardiovascular diseases (CVDs) encompass a range of conditions affecting the heart and blood vessels, including heart attack, stroke, and various other related ailments. They are the leading cause of death globally, claiming an estimated 17.9 million lives each year. One of the risk factors for CVDs...
Opportunities for Palm Oil in Turkey’s HORECA Sector
Background The HORECA (hotels, restaurants and cafes) sector of Turkey is currently thriving and has been growing rapidly in recent years. Turkey is one of the world’s most popular tourist destinations and is known for its rich history, diverse culture, and exquisite cuisine. The country attracts mi...
Exploring the Potential of Sustainable Palm Oil in the J-Beauty Industry
Japan ranks among the top five countries worldwide in the booming retail cosmetics and toiletries industry. In 2021, its market size for cosmetics and toiletries reached an impressive USD38 billion. The Japanese beauty and personal care market continued to flourish in 2022, generating a substantial ...
