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Soy Oil & Palm Oil Market Witness Highest Growth In Near Future

Soy Oil & Palm Oil Market Witness Highest Growth In Near Future

Submitted by • August 12, 2020 www.coherentmarketinsights.com

Soy oil or soybean oil is a vegetable oil extracted from the seeds of the soybean. It is one of the most widely consumed cooking oils accounting for highest share of 30% in the vegetable oils in 2012, according to Foreign Agricultural Service 2013. Palm oil is an edible vegetable oil derived from the reddish pulp of the fruit of the oil palms. Palm oil has major application in food industry as cooking/frying oil, shortenings, margarine, and confectionary fats. Furthermore, palm oil has applications in agrochemicals, animal feed, motor oil, and others.

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