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PUNE, India, Jan. 28, 2021 /PRNewswire/ According to a recent market study published by Growth Market Reports (GMR), titled, Palm Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast , the market was valued at USD 44,712 Million in 2019 and is expected to grow at a growth rate of 5.6% by the year 2030. The global palm oil market is anticipated to grow owing to the rise in the use of palm oil in pharmaceutical and cosmetic industries. The rise in awareness among the consumers for the health are also some of the factors, which has led to the rise in the demand for the palm oil. These are some of the factors, which contributes for the growth of the palm oil market.