Project report for Palm oil

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Introduction

Project report for palm oil  is as follows

Palm oil market size in India was valued at USD 5.16 billion in 2015. Increasing demand for edible oils owing to the burgeoning population and improving economic conditions is anticipated to remain the key growth driving factor over the forecast period. The industry in India presents massive potential for growth since the government has allowed 100?I in plantation and has also pledged huge financial aid to farmers in upcoming years. This development is likely to encourage domestic cultivation landscape and generate greater profit margins and opportunities for companies. The rapid rise in consumerism has led to increased demand for personal care products, cosmetic, household goods and packed foods & beverages. This trend is creating lucrative opportunities in non-food applications as well. Moreover, rising demand for these consumer products is subsequently driving demand for derivatives usage in fatty acids, fatty alcohols, glycerin, and active pharmaceutical ingredients manufacturing.

Product / Services & process

We produce high-quality Palm Oil. Which can be used for cooking as well as for personal care products, cosmetic, household goods and packed foods & beverages. This trend is creating lucrative opportunities in non-food applications as well. Moreover, rising demand for these consumer products is subsequently driving demand for derivatives usage in fatty acids, fatty alcohols, glycerin, and active pharmaceutical ingredients manufacturing.

Market potential & Strategy

India is the largest palm oil (Elaeis guineensis) importer today, spending about $10 billion on it . So the demand is so huge. The rapid rise in consumerism has led to increased demand for personal care products, cosmetic, household goods and packed foods & beverages. This trend is creating lucrative opportunities in non-food applications as well. Moreover, rising demand for these consumer products is subsequently driving demand for derivatives usage in fatty acids, fatty alcohols, glycerin, and active pharmaceutical ingredients manufacturing. India, which relies on imports to meet about 70 percent of its total vegetable oil requirements, doubled the levy on crude palm oil to 30 percent in November and increased the duty on refined palm oil to 40 percent from 25 percent. So this will boost the local production as the demand is on the higher side.

 

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