PUBLISHER: QYResearch | PRODUCT CODE: 1857162
				PUBLISHER: QYResearch | PRODUCT CODE: 1857162
The global market for Palm Oil was estimated to be worth US$ 75917 million in 2024 and is forecast to a readjusted size of US$ 100463 million by 2031 with a CAGR of 4.2% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Palm Oil cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
In 2024, global palm oil production was 80.34 million tons, with an average product price of approximately US$950 per ton.
Palm oil is one of the world's most produced and consumed oils. This cheap, production-efficient and highly stable oil is used in a wide variety of food, cosmetic and hygiene products, and can be used as source for bio-fuel or biodiesel. Most palm oil is produced in Asia, Africa and South America because the trees require warm temperatures, sunshine and plenty of rain in order to maximize production.
The growth of the palm oil market is primarily driven by the rising global population and the upgrading of consumption patterns, which together expand the demand for food products. In many developing countries, palm oil is a major edible oil source due to its relatively low cost and stable supply. Its extensive use in bakery, instant food, dairy substitutes, and snack processing continues to boost demand. Another strong driver comes from renewable energy policies, as many countries promote the use of palm oil-based biodiesel to reduce dependence on fossil fuels and address climate change, significantly increasing industrial consumption. The expansion of personal care and household product markets also supports greater use of palm oil and its derivatives. In addition, improvements in plantation technology, capacity expansion in major producing countries such as Indonesia and Malaysia, enhanced international trade, and the downstream industries' need for reliable oil supplies all contribute to market growth. Overall, steady demand from the food sector, the trend of energy transition, and diversified downstream applications form the core driving forces of the palm oil market.
Global Palm Oil key players include Felda Global Ventures, IOI, Sime Darby Berhad, Musim Mas, Astra Agro Lestari, etc. Global top five manufacturers hold a share over 5%. Southeast Asia is the largest market, with a share over 30%, followed by Middle East & Africa and India, both have a share over 30% percent. In terms of product, Crude Palm Oil is the largest segment, with a share over 70%. And in terms of application, the largest application is Foods, followed by Bio-Diesel and Surfactants.
This report aims to provide a comprehensive presentation of the global market for Palm Oil, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Palm Oil by region & country, by Type, and by Application.
The Palm Oil market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Palm Oil.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Palm Oil manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Palm Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Palm Oil in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.