Palm Oil Market Share, Global Size, Trends, Growth, 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 share. 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:

Latest Trends in the Palm Oil Market:

The global palm oil market is a dynamic force, balancing versatility with sustainability challenges. Industry experts highlight the rise of certified sustainable palm oil (CSPO), which gained a 20% market share in 2024, driven by initiatives like the RSPO and partnerships with brands like Unilever—think eco-conscious consumers choosing CSPO for snacks and cosmetics. Indonesia dominates with a 59.1% share, leveraging cost-efficient production. Innovations in high-oleic palm varieties improve oil stability by 15%, enhancing its appeal for processed foods. Asia-Pacific leads with a 71% revenue share, fueled by India’s growing demand. Businesses are beginning to realize the global palm oil market isn’t just about cooking oil; it’s a vital ingredient across food, cosmetics, and biofuels, navigating environmental scrutiny with sustainable practices to meet diverse industry needs.

Growth Drivers in the Palm Oil Market:

Growth in the global palm oil market, valued at USD 57.19 billion in 2024, is propelled by soaring demand across food, cosmetics, and biofuel sectors. With 65.98% of consumption in food and beverages, palm oil’s neutral flavor and stability make it ideal for products like margarine and instant noodles—think busy households relying on affordable cooking oils. Rapid population growth, at 1.1% annually, and urbanization in emerging markets like India drive demand for processed foods. Despite environmental concerns, sustainable sourcing initiatives, like India’s NMEO-Oil Palm, boost production by 10%. The global palm oil market thrives as its cost-effectiveness and versatility meet rising consumer needs, though producers must address deforestation concerns to sustain growth.

Future Demand in the Palm Oil Market:

Future demand in the global palm oil market is projected to reach USD 77.54 billion by 2033, with a CAGR of 3.42%. This growth is driven by expanding applications in biofuels and oleochemicals, particularly in Asia-Pacific, where India’s 20.2% regional share reflects rising food and cosmetic use—think biodiesel blends powering vehicles in Indonesia. The food sector, with a 34.8% share for household cooking, will remain dominant as urban populations grow. Emerging markets like Latin America offer untapped potential with increasing exports. Challenges like EU deforestation regulations persist, but RSPO certifications are easing compliance. Stakeholders can leverage sustainable practices and biofuel innovations, ensuring the global palm oil market meets the rising need for versatile, eco-friendly solutions across diverse industries.

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.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/palm-oil-processing-plant

Emerging Trends in the Palm Oil Market:

Looking ahead, the global palm oil market will embrace transformative trends. High-oleic palm oil varieties will enhance stability for premium food and cosmetic applications, while blockchain-based traceability will boost transparency, aligning with EU regulations. Biofuel applications will expand, with palm-based biodiesel gaining traction in energy sectors. Eco-friendly packaging and zero-waste processing, like mill waste valorization into bio-compost, will address sustainability demands, particularly in Europe and North America. These innovations promise to deliver greener, more efficient solutions, ensuring the global palm oil market remains a vital player in food, cosmetics, and energy, meeting evolving consumer and regulatory expectations with agility.

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: +1-201-971-6302