Pure Plant Oil Market: Introduction
Transparency Market Research delivers key insights on the global pure plant oil market. In terms of revenue, the global pure plant oil market is estimated to expand at a CAGR of 5.8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global pure plant oil market.
The global pure plant oil market is broadly affected by several factors, including increase in usage of pure plant oil in various end-use industries such as automotive, personal care & cosmetics, food, and others. The rise in global demand for food and automotive has led to significant growth in usage of pure plant oil. The increase in production and demand for food is likely to be the primary driver for the global pure plant oil market.
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Pure Plant Oil Market: Dynamics
Pure plant oil, also known as or pure vegetable oil (PVO) or straight vegetable oil (SVO), either raw or refined, is mainly composed of vegetable glycerides. It is obtained from edible or inedible fruits or seeds of various and very different oleaginous crops, such as palm, cotton, sunflower, jatropha, karanja, soybean, rapeseed, brassica, copra, and groundnut.
Pure plant oil can only be used in a specific type of internal combustion engine, namely the diesel engine, and only if it is heated to 80° C (176° F), at which point common vegetable oils are no more viscous than cold diesel fuel. When heated, the vegetable oil is thin enough to get through modern injection pumps and injectors without causing damage.
The global food segment is expected to expand considerably during the forecast period. Thus, rise in production of food is projected to boost the demand for pure plant oil during the forecast period.
Manufacturers are focusing on food, as the share held by this segment in the pure plant oil market is likely to increase during the forecast period.
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Pure Plant Oil Market: Prominent Regions
Asia Pacific holds major share of the global pure plant oil market. The market in the region is anticipated to expand at a CAGR of more than 7% during the forecast period. Increase in demand for pure plant oil in various end-use such food and automotive is driving the pure plant oil market in Asia Pacific. China is a key country of the pure plant oil market in Asia Pacific. It held significant share of the pure plant oil market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
Europe is also a prominent region of the global pure plant oil market. Germany led the pure plant oil market in Europe in 2020. Increase in demand for pure plant oil in food and automotive industries is driving the market in Germany.
Pure Plant Oil Market: Major Players
The global pure plant oil market is consolidated, with the presence of key players. Prominent players operating in the global pure plant oil market include N.S. Associates, The Kroger Co, Cargill, ANDRITZ, FUJI OIL CO., LTD, Oryza Oil & Fat Chemical Co., Ltd., OHTA OIL MILL, ADM, AVRIL SCA, EFKO Group, Bunge North America, Inc., Olam Group, Wilmar International Ltd, and Maschinenfabrik Reinartz GmbH & Co. KG.
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Plant-Based Meat Market:WiseGuyReports.com adds “Global Plant-Based Meat Market Research Report 2020 Analysis and Forecast 2026” reports to its database.Executive SummaryThe global plant-based meat market is expected to grow from $12.22 billion in 2019 and to $12.41 billion in 2020 at a growth rate of 1.58%.
The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to grow and reach $17.73 billion in 2023 at CAGR of 12.62%.The plant-based meat market consists of sales of plant-based meat and related services.
The plant-based meat is produced using ingredients such as wheat gluten, lentils, yuba, tofu, soybeans, and a variety of nuts.North America was the largest region in the plant-based meat market in 2019.
Asia-Pacific was the second largest region in the plant-based meat market in 2019.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5320585-plant-based-meat-global-market-report-2020-30In March 2018, Kerry Group, an Ireland-based public food company, announced a major move into the meat substitutes market with the acquisition of Ojah, an innovative producer of textured meat alternatives based in the Netherlands for an approximate amount of USD 24 billion.
At Whole Foods, an America-based multinational supermarket chain, the retail price of Beyond Burger is USD 12 a pound, whereas regular ground beef burger costs for less than half i.e.
Players, stakeholders, and other participants in the global Pure Neem Oil market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.Download FREE Sample of this Report @ https://www.statsmarketresearch.com/download-free-sample/6529870/global-china-pure-neem-oil-2027-896For China market, this report focuses on the Pure Neem Oil market size by players, by Type, and by Application, for the period 2016-2027.
The key players include the global and local players which play important roles in China.Segment by TypeSeed Extract OilLeaf Extract OilBark Extract OilSegment by ApplicationAnimal FeedFoodPersonal CarePesticidesOthersBy RegionNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaUAEBy CompanyOzone BiotechNeeming Australia Pty Ltd.E.I.D.
Market dynamics scenario, along with growth opportunities of the market in the years to come3.
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects4.
Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.5.
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