Palm Oil Global Market Report 2026

Palm oil is an edible vegetable oil extracted from palm fruits, serving as both a moisturizing solution and a cooking ingredient for healthy recipes. Additionally, it finds applications in detergents, cosmetics, biodiesel, and various culinary products.

The primary types of palm oil include crude palm oil and RBD (refined, bleached, and deodorized) palm oil. Crude palm oil is an edible oil obtained from the pulp of palm fruit, produced through methods that can be either organic or conventional. These oils are utilized across diverse industries such as food and beverage, personal care and cosmetics, biofuel and energy, pharmaceuticals, and industrial processes.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are affecting the palm oil market by increasing costs of cross-border trade in crude and refined palm oil, impacting food, biofuel, and industrial end-use segments. Southeast Asian producers are most affected due to export dependence, while importing regions such as Europe and North America face higher input costs. These tariffs are influencing pricing volatility and trade flow adjustments. However, they are also encouraging domestic refining, diversification of export markets, and greater investment in value-added palm oil derivatives.

The palm oil market research report is one of a series of new reports from The Business Research Company that provides palm oil market statistics, including palm oil industry global market size, regional shares, competitors with a palm oil market share, detailed palm oil market segments, market trends and opportunities, and any further data you may need to thrive in the palm oil industry. This palm oil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The palm oil market size has grown steadily in recent years. It will grow from $69.46 billion in 2025 to $72.71 billion in 2026 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to expansion of palm plantation acreage, rising global edible oil consumption, growth in personal care product manufacturing, increasing use in industrial applications, development of large-scale refining infrastructure.

The palm oil market size is expected to see steady growth in the next few years. It will grow to $88.15 billion in 2030 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to increasing demand for sustainable oils, rising biofuel blending mandates, expansion of certified supply chains, growing investments in plantation modernization, increasing adoption of digital plantation management tools. Major trends in the forecast period include increasing adoption of certified sustainable palm oil, rising demand for biofuel-grade palm oil, growing integration of traceability systems, expansion of downstream refining capacity, enhanced focus on yield optimization.

Increasing demand from the biofuel industry is expected to propel the growth of the palm oil market going forward. Biofuels are fuels produced from biomass, also known as organic matter, and palm oil is widely used as a feedstock for biodiesel production. Through a process called transesterification, palm oil is converted into biodiesel, making it a preferred raw material due to its high yield, wide availability, and cost efficiency. The use of palm-oil-based biofuels also supports cleaner energy initiatives by contributing to improved air quality and reduced dependence on fossil fuels. For instance, in September 2025, according to GOV.UK, a UK-based public sector information website, 153 million liters of biofuel used in the UK road transport market in 2025 were produced from UK-grown crops. Therefore, the increasing demand from the biofuel industry is driving the growth of the palm oil market.

The increasing global trade is also expected to boost the growth of the palm oil market going forward. Global trade refers to the exchange of goods, services, and capital across international borders and plays a critical role in expanding market access for palm oil producers. By enabling exports to multiple regions, global trade reduces dependence on individual domestic markets, promotes price stability, and encourages economic growth, employment, and investment in palm-oil-producing countries. For instance, in September 2023, according to a report published by the United Nations Conference on Trade and Development (UNCTAD), maritime trade was projected to increase by 2.4% in 2023 and by more than 2% annually from 2024 to 2028. Additionally, as pandemic-related constraints eased, global oil and gas trade volumes in the energy sector rose by 6.0% and 4.6%, respectively, in 2022. Therefore, the expansion of global trade is further driving the growth of the palm oil market.

In April 2024, IRGA, a Malaysia-based agritech company specializing in solutions for plantation crops and organic farms, acquired Kingoya Enterprise Sdn. Bhd. for an undisclosed sum. This acquisition is intended to strengthen IRGA's market position, broaden its product range, and capitalize on synergies to drive innovation within the agricultural sector. Kingoya Enterprise Sdn. Bhd., also based in Malaysia, manufactures a range of products, primarily focused on agricultural and industrial supplies.

Major companies operating in the palm oil market are Wilmar International Ltd, Sime Darby Plantation Berhad, IOI Corporation Berhad, Kuala Lumpur Kepong Berhad, United Plantations Berhad, Kulim Berhad, PP London Sumatra Indonesia, The Archer-Daniels-Midland Company, Asian Agri, Cargill Inc., Godrej Agrovet Limited, Golden Agri Resources Limited, IJM Corporation Berhad, Boustead Plantations, Asiatic Development Berhad, PT Sampoerna Agro Tbk, Univanich Palm Oil Public Company Ltd., PT. Bakrie Sumatera Plantations tbk, Musim Mas Group, Astra Agro Lestari Tbk, Genting Plantations Berhad, Felda Global Ventures Holdings Berhad, First Resources Limited, PT Astra Agro Lestari Tbk, Darmex Agro Group, Salim Ivomas Pratama Tbk, Sipef, Bumitama Agri Ltd., PT Dharma Satya Nusantara Tbk, Fuji Oil Holdings

Asia-Pacific was the largest region in the palm oil market in 2025. North America is expected to be the fastest-growing region in the palm oil market report during the forecast period. The regions covered in the palm oil market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the palm oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The palm oil market consists of sales of palm kernel oil, and fractionated palm oil. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Palm Oil Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses palm oil market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for palm oil ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The palm oil market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product: Crude Palm Oil; RBD Palm Oil
• 2) By Nature: Organic; Conventional
• 3) By End Use: Food And Beverage; Personal Care And Cosmetics; Biofuel And Energy; Pharmaceutical; Industrial
• Subsegments:
• 1) By Crude Palm Oil (CPO): Raw Crude Palm Oil; Unrefined Crude Palm Oil
• 2) By RBD Palm Oil: RBD Palm Olein; RBD Palm Stearin
• Companies Mentioned: Wilmar International Ltd; Sime Darby Plantation Berhad; IOI Corporation Berhad; Kuala Lumpur Kepong Berhad; United Plantations Berhad; Kulim Berhad; PP London Sumatra Indonesia; The Archer-Daniels-Midland Company; Asian Agri; Cargill Inc.; Godrej Agrovet Limited; Golden Agri Resources Limited; IJM Corporation Berhad; Boustead Plantations; Asiatic Development Berhad; PT Sampoerna Agro Tbk; Univanich Palm Oil Public Company Ltd.; PT. Bakrie Sumatera Plantations tbk; Musim Mas Group; Astra Agro Lestari Tbk; Genting Plantations Berhad; Felda Global Ventures Holdings Berhad; First Resources Limited; PT Astra Agro Lestari Tbk; Darmex Agro Group; Salim Ivomas Pratama Tbk; Sipef; Bumitama Agri Ltd.; PT Dharma Satya Nusantara Tbk; Fuji Oil Holdings
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Italy; Spain; Canada
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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