Palm Fatty Acid Distillate Market Trends by Global Growth Insights (2024 - 2032)
The Global palm fatty acid distillate (PFAD) market was valued at USD 3,034.62 million in 2023 and is projected to reach USD 3,046.75 million in 2024, with modest growth expected to USD 3,132.90 million by 2032, exhibiting a CAGR of 0.4% during the forecast period [2024-2032].
The US palm fatty acid distillate (PFAD) market plays a significant role in this development, driven by the demand for PFAD in various industries such as biodiesel production, food and beverages, cosmetics, and industrial applications. Key regions within the US, such as California, Texas, and Florida, are leading the market, supported by the growth of the renewable energy sector and the increasing use of PFAD as a feedstock for biofuels and other sustainable applications.
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