Iran Palm Oil Market, Industry Analysis, Pitfalls and Future Challenges from 2017 to 2024

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Iran Palm Oil Market Research and Analysis
2017-2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Iran Palm Oil Market

• Asia Pacific, led by India and China holds
  largest market share for Iran palm oil market
  owning to growing product applications in edible
  and non-edible application in emerging economies.
  Other factors include steady economic growth and
  presence of Malaysia and Indonesia which together
  produce around 85 of Azelaic acid worldwide.
• Europe and North America will witness low growth
  due to presence of sluggish end-use industries
  and less consumption of product with domestically
  produced corn and soybean oils dominating edible
  oil market.
• Latin America will experience significant market
  growth owning to rising middle class consumer
  income, urbanization and cultivation in the
  region.

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Application Analysis of Iran Palm Oil Market

• The major restraint for Iran palm oil market is
  heavy import duty of 40 imposed by the country
  on the product and relative to other vegetable
  oils which is only 24. This has led to a decline
  in imports from Malaysia and Indonesia in recent
  years. Other factors including, sanctions on Iran
  to abandon a suspected nuclear weapon program and
  substitutes present in the market can limit Iran
  palm oil market growth.
• Depending on extraction type Iran palm oil is
  divided into crude palm oil and palm kernel.
  Further crude palm oil can be segmented into
  refined, bleached deodorized oil, palm stearin
  and palm olein. Crude palm oil is a leading
  segment due to its growing applications in
  surfactants, cosmetics, biofuel, edible oil and
  lubricants. Palm kernel is used to obtain two
  products named palm kernel oil and palm kernel
  cake.

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Competitive Market Share of Iran Palm Oil Market

• The market is fragmented due to presence of local
  small scale manufacturers. Some of the key
  industry participants for Iran palm oil market
  include Kala Gostaran Sabz Andish, Savola
  Behshar, Middle East Gold Star, Jahan Vegetable
  Oil, Farayardehaye Roghanie, KVSGS, Narges
  Shiraz, Golestan Dezful Cultivation Industry,
  AAK-AB, AL-Khaleej Industries Sdn Bhd, Cargill,
  Margarine Manufacturing, Eghtsad-Andish, Golbarg
  Baharan and Pars Vegetable Oil.

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