Global Palm Oil Market Edition 2025: Industry Size to Reach USD 77.54 Billion by 2033, CAGR of 3.42%.

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. 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. 

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Global Palm Oil Market Dynamics:

Latest Trends in the Palm Oil Market:

The global Palm Oil Market is an extraordinary natural product that is utilized everywhere from kitchens to factories due to its versatility that makes life more convenient. Industry analysts have reported a significant increase in the production of certified sustainable palm oil, and Wilmar is one of the leaders engaged in this practice with their RSPO-compliant supply chains—imagine eco-friendly cookie dough, for instance, with ingredients that can be traced back. Indonesia holds the lion's share of the palm oil market, comprising over 59.1%, primarily because of its extensive plantations and the ability to export. The innovation has allowed Cargill to extend the shelf life of its high-oleic varieties by 20%, which is backed by industry data. The companies have begun to realize that the global Palm Oil Market is a multidimensional thing—it is not just about the quantity; it also encompasses ethical practices, and the market is doing this silently by providing the food, cosmetics, and biofuel industries with green solutions that are reliable and in line with global demands for sustainability, quality, and affordability in a conscious, fast-changing world.

Growth Drivers in the Palm Oil Market:

The global palm oil market is expected to experience exponential growth in the upcoming years with the estimated value of USD 57.19 billion by the end of 2024. The main driver of this unexpected growth is the worldwide use of palm oil that is owed to its unmatched flexibility and economical prices. The food sector is responsible for 70% of the total palm oil production and, according to studies, crude palm oil alone occupies a 60% market share—margarine dressing is one such example that smoothly blends at half the price of the substitutes. The demand has gone up by 15% owing to factors like rapid increase in population, development of middle classes in the developing nations and health consciousness. Economic growth is driving the use of palm oil even in the face of negative comments about its sustainability. The global palm oil market has reached its maximum as the demand for the raw material's by-products like inexpensive and multipurpose oils is being met by the palm oil industry. Thus, the market gradually spreads in food, cosmetics, and energy sectors all over the world with Indonesia being the largest manufacturer.

Future Demand in the Palm Oil Market:

The global Palm Oil Market is expected to experience a significant increase in demand in the future, reaching a value of USD 77.54 billion by 2033, with an approximate compound annual growth rate of 3.42%. The main reasons for this growth are the need for biodiesel in the transport sector, food shortages in some regions and especially in the Asia-Pacific area where India's switch to biodiesel is based on palm oil that is the least environment-harming option1; it is the same when you picture turning kitchen oil into aviation gas. The food processing segment will be the largest contributor with urbanization being the main factor driving it. African markets, despite their challenges such as transportation and distribution, are already viewed as emerging markets with huge potential. Trust is being built by companies such as Sime Darby in collaboration with certification agencies. The market players can capitalize on such trends and make the global Palm Oil Market a reservoir of diverse and responsible solutions and at the same time create a situation where all regions co-exist by consuming less and thus the demand will never stop.

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.

Emerging Trends in the Palm Oil Market:

The treats in the global Palm Oil Market are going to change quite a lot, and the future will be the time for those changes to happen and the trend that will be the most important one will be the acceptance of high-yield hybrids with precision farming, such as the ones from IOI Corporation, the land in Southeast Asia at its very best. The Palm Oil Industry will also see the acceptance of blockchain-traced, zero-deforestation supply chains which, by proving their compliance with Europe’s import regulations, will be absorbing the market in a very subtle way. With the introduction of new technology in the Palm Industry, bioplastics made from Palm oil will be the packaging door 12% more since they will be the least harmful to the environment. Moreover, health-purposed, vitamin-infused oils would also be among the favorites of consumers on account of the wellness trend they support. The innovations, in short, will give the Palm Oil Market sustainable and multifunctional solutions that will allow it to stay in the front line of responsible agriculture and market with great care and foresight to the changing environmental and consumer demands.

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.

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