Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
Related Topics
DC Distribution Network Market Size Screenless Display Market Size Patch Management Market Size Distributed Denial of Service Protection Market SizeGlobal Palm Oil Market to Exceed USD 113.44 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Palm Oil Market is Expected to Grow from USD 69.77 Billion in 2023 to USD 113.44 Billion by 2033, at a CAGR of 4.98% during the forecast period 2023-2033.
Browse 210 Market Data Tables and 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Palm Oil Market Size, Share, and COVID-19 Impact Analysis, By Nature (Organic and Conventional), By Product (Fractionated Palm Oil, Crude Palm Oil), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
Palm oil is an edible vegetable oil produced from the oil palm fruit mesocarp, which was originally from West Africa. It is the most productive oil crop in the world, producing 5-10 times as much per hectare as other leading vegetable oil crops. It is cholesterol-free, easily digestible and rich in carotenoids and Vitamin A, which offer various nutritional advantages. Furthermore, the increased use of palm oil in the manufacturing process and the growing application of palm oil as a trans-fat substitute in processed foods, conversely, would offer sufficient opportunities to drive the growth of the palm oil market during the forecast period. This is because it is highly utilized in frying and as a fundamental component in the preparation of healthy food recipes, the emerging food industry is boosting product demand. Palm oil is also rapidly substituting petroleum products as an alternative in the transport and energy sectors. It is also applied as a mineral oil substitute in power plants to generate energy. However, the expansion of the palm oil market is driven by a range of supply-demand and market dynamics factors. The palm oil market is anticipated to experience significant price volatility in crude palm oil prices, as palm oil is the largest traded volume of vegetable oils in the world, and new regulations and legislation are being put in place amid heightened scrutiny around unfair plantation practices.
The conventional segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period.
Based on the nature, the global palm oil market is segmented into organic and conventional. Among these, the conventional segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period. Traditional oil palm plantations are an important source of revenue for small and medium-scale growers since these can expand production using man-made chemicals. The traditional nature segment is more prevalent in high-density countries with low incomes.
The fractionated palm oil segment accounted for the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period.
Based on the product, the global palm oil market is segmented into fractionated palm oil and crude palm oil. Among these, the fractionated palm oil segment accounted for the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period. This is due to the ready availability of products as well as financially viable prices. It is extremely popular in poor nations as it is widely available as well as cost-effective for the masses. The constituent nature of the product renders it more prosperous to produce in mass amounts.
Asia Pacific is estimated to hold the highest share of the global palm oil market over the predicted timeframe.
Asia Pacific is estimated to hold the highest share of the global palm oil market over the predicted timeframe. This is due to increasing consumption by the increasing population of the region and strong demand from the use application industries, that is, the food & beverage industries. Sudden population growth, shifting demographic patterns, and wide food application in India and China are responsible for increased consumption in the region.
North America is estimated to grow at the fastest CAGR of the global palm oil market during the forecast period. This is due to the region's demography, shift in consumer behavior of mass, and rise in demand from the food industry for preparing various delicacies. The North America market has a great amount of untapped potential at present, which is another cause behind the high-speed growth of the product in the region.
Company Profiling
Major vendors in the global palm oil market are Kuala Lumpur Kepong Berhad, ADM, Sime Darby Plantation Berhad, IJM Corporation Berhad, IOI Corporation Berhad, United Plantations Berhad, Asian Agri, PT Sampoerna Agro, Tbk, Univanich Palm Oil Public Company Ltd., PT. Bakrie Sumatera Plantations tbk, Kulim (Malaysia) Berhad, and Wilmar International Ltd. and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the palm oil market based on the below-mentioned segments:
Global Palm Oil Market, By Nature
Global Palm Oil Market, By Product
Global Palm Oil Market, By Regional
May 2025 - The Global High Intensity Agitator Mixer Market Size is Expected to Grow from USD 1.73 Billion in 2023 to USD 3.14 Billion by 2033, Growing at a CAGR of 6.14% during the forecast period 2023-2033.
May 2025 - The Global Medical Imaging Market is Expected to Grow from USD 72.9 Million in 2023 to USD 426.5 Million by 2033, at a CAGR of 19.32% during the forecast period 2023-2033.
May 2025 - The Global Photoacoustic Tomography Market is Expected to Grow from USD 72.9 Million in 2023 to USD 426.5 Million by 2033, at a CAGR of 19.32% during the forecast period 2023-2033.
We have received your message and would like to thank you for writing to us. If your inquiry is urgent, please use the telephone number listed below to talk to one of our staff members. Otherwise, we will reply by email as soon as possible.
+1 303 800 4326 +91 9561448932 emailsales@sphericalinsights.com
