With Kyra Belanger:
FMI Blog, Palm Oil Market Projected to Surpass US$ 109.97 Billion by 2033, as Predicted by Future Market Insights Inc.
The palm oil industry holds a crucial position in the world economy, drawing considerable interest because of its wide-ranging applications and extensive utilization. Derived from the oil palm tree’s fruit, palm oil has evolved into an essential component found in numerous consumer goods. These products span a spectrum from culinary items such as cooking oils, snacks, and margarine to personal care items, cosmetics, and even biodiesel.
The palm oil market is anticipated to expand its roots at an average CAGR of 4.48% between 2023 and 2033. The market is expected to have a market share of US$ 109.97 billion by 2033 while it is likely to be valued at US$ 70.95 billion in 2023.
That's a lot of money.
Linked at the Pirate's Cove in the weekly Sorta Blogless Sunday Pinup and links. The Wombat has Rule 5 Sunday: Face Time up at The Other McCain.