Palm Oil Market Size, Share, Growth Opportunity and Forecast 2025-2033

According to the latest report by IMARC Group, titled “Palm Oil Market Report by Application (Household Cooking, Food & Beverages, Oleo Chemicals, Personal Care, Animal Feed, Bio-fuel), and Region 2025-2033”, offers a comprehensive analysis of the industry, which comprises insights on the global palm oil market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global palm oil market size reached USD 57.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 77.5 Billion by 2033, exhibiting a growth rate (CAGR) of 3.42% during 2025-2033. 

Request Free Sample Report: https://www.imarcgroup.com/palm-oil-processing-plant/requestsample

Global Palm Oil Market Dynamics:

Surging Demand from the Food Industry:

The primary driver of growth in the global market for palm oil is the relentlessly high demand from the food industry. Palm oil is versatile and cost-effective; it also has a high melting point and resists oxidation which makes it preferable in a wide range of food items. These includes cooking oils, shortenings, margarine, baked goods, confectionery and processed food. The melting point of palm oil makes it a staple in many products. Its usage, along with the expanding global population, changing dietary patterns, and increasing consumption of processed foods, continues to increase which makes palm oil one of the dominant vegetable oils in the food sector.

Expanding Applications in the Biofuel and Oleochemical Sectors:

In addition to its importance in the food industry, palm oil is progressively used in the biofuel and oleochemical industries which contributes to its market expansion. It is being studied as a feedstock for biodiesel production because palm oil is a renewable resource and the government is trying to promote renewable energy use while cutting down fossil fuel usage. Palm oil is used in the oleochemical industry to produce soaps, detergents, cosmetics, and personal care products. These industries greatly increases the market palm oil which sustains further growth.

Price Competitiveness and Supply Chain Efficiencies:

Palm oil is a recommended option for firms from different industries due to its price competitiveness vis-a-vis other derived vegetable oils like sunflower and soybean oil. Its cost-effectiveness stems from high yield per hectare. Additionally, palm oil is becoming economically viable because of lowered production costs from supply chain management and processing technology advancements. Coupled with these factors, his cost advantage and eco-efficient supply chains sustain demand and strengthen palm oil's position in the international market.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Palm Oil Market Report are Given Below:

• Archer-Daniels-Midland Company

• Asian Agri

• Boustead Holdings Berhad

• IJM Corporation Berhad

• IOI Corporation Berhad

• Kuala Lumpur Kepong Berhad

• Kulim Malaysia Berhad (Johor Corporation)

• PT Dharma Satya Nusantara Tbk

• PT PP LONDON SUMATRA INDONESIA TBK

• PT Sampoerna Agro Tbk

• PT. Bakrie Sumatera Plantations tbk

• Sime Darby Plantation Berhad

• United Plantations Berhad

• Univanich Palm Oil Public Company Ltd.

  • Wilmar International Ltd.

Contact Out Analysts for Brochure Requests, Customization, and Inquiries Before Purchase: https://www.imarcgroup.com/request?type=report&id=500&flag=C

Global Palm Oil Market Trends:

There are a several movements that are forming the future of the world palm oil market and one of them is the focus on sustainable palm oil production. There is an increased attention to the environmental and social issues connected with cultivation of conventional palm oil, which enhances the need for Certified Sustainable Palm Oil (CSPO). There is an initiative called Roundtable on Sustainable Palm Oil (RSPO) that supports sustainable palm oil productions and it is observed that manufacturers are sourcing CSPO to be able to satisfy consumer and regulatory demands.

Another notable change is the rising use of fractionation and modification technologies. These techniques enable refiners to better customize palm oil for certain applications, thereby improving its functionality and expanding its utility across industries. For example, palm oil fractions can be produced with specific melting points or enhanced oxidative stability. Additionally, there is an increasing trend in the market towards the consumption of palm kernel oil and its by-products used in specialty applications such as cocoa butter substitutes and surfactants.

Key Market Segmentation:

Breakup by Application:

• Household Cooking

• Food & Beverages

• Oleo Chemicals

• Personal Care

• Animal Feed

• Bio-fuel

Household cooking dominates the market

Regional Insights:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance

• Market Outlook

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145