Global Palm Kernel Oil Market Size is Projected to Reach USD 23.75 Billion by 2035 | CAGR 3.9%

Global Palm Kernel Oil Market Size is Projected to Reach USD 23.75 Billion by 2035

According to a research report published by Spherical Insights & Consulting, The Global Palm Kernel Oil Market Size Is Estimated To Grow From USD 15.59 Billion In 2024 To USD 23.75 Billion By 2035, At A CAGR Of 3.9% During The Forecast Period 2025-2035.

Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the  "Global Palm Kernel Oil Market  Size, Share, and COVID-19 Impact Analysis, By Sales Channel (Direct and Indirect), By End User (Personal care & Cosmetics, Food Industry, Biofuel and energy, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035."  Detailed Report Decription Here:https://www.sphericalinsights.com/reports/palm-kernel-oil-market  

The production, processing, distribution, and marketing of oil produced from the kernels of oil palm fruits (Elaeis guineensis) constitute the global economic sector known as the Palm Kernel Oil (PKO) market. Plantation cultivation, kernel extraction, refining, and the manufacturing of value-added derivatives, such as fatty acids and specialty oils, are all included in this market. PKO is used extensively in the food, cosmetics, pharmaceutical, and biofuel industries due to its high saturated fat content, durability, and range of uses. The rising demand for natural and plant-based oils in food, confectionery, and bakery goods worldwide is fueling the expansion of the palm kernel oil market. Because PKO has emollient qualities, its use is encouraged by the growth of the cosmetic and personal care industries. Growing use of biofuels also contributes to market expansion. Efficiency, quality, and yield are improved by technological advancements in extraction, refinement, and fractionation. Export prospects, access to international markets, and favorable trade policies all contribute to prosperity. However, Environmental concerns, price volatility, regulatory challenges, health issues, and competition from alternative vegetable oils limit growth.

The direct segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.          

Based on the sales channel, the palm kernel oil market is divided into direct and indirect. Among these, the direct segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The desire of manufacturers to sell directly to large industrial buyers, such as food processors, cosmetic businesses, and biofuel producers, is explained by direct sales.

The food industry segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.            

Based on the end user, the palm kernel oil market is divided into personal care & cosmetics, food industry, biofuel and energy, and others. Among these, the food industry segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.  PKO is widely used in cooking oils, baked goods, confections, snacks, and processed foods, where its stability, high saturated fat content, and extended shelf life are highly prized.

Asia Pacific is expected to hold the majority share of the global palm kernel oil market during the forecast period.   

Asia Pacific is expected to hold the majority share of the global palm kernel oil market during the forecast period. Regional growth is also stimulated by the expanding biofuel industry and the growing customer preference for plant-based oils. Its position as the biggest contributor to the global PKO market is anticipated to be strengthened through strategic partnerships and investments by major industry players in Asia Pacific. The competitive market position and operational efficiency of businesses in the palm oil industry receive benefits from government programs that support sustainable palm oil production, together with advancements in extraction and refining technologies.

North America is anticipated to grow at the fastest pace in the global palm kernel oil market during the forecast period. The region's developing biofuel industry creates fresh opportunities to use PKO in various applications. The market expansion receives additional support from technological progress in refining and fractionation processes together with sustainable sourcing methods which improve both product quality and business operational performance.  

Major vendors in the global palm kernel oil market are Astra Agro Lestari, Bumitama Agri Ltd, Cargill Incorporated, First Resources Limited, Golden Agri Resources Ltd, Godrej Agrovet Limited, IOI Corporation Berhad, Kulim (Malaysia) Berhad, London Sumatra, Mewah International Inc., Musim Mas, PT Astra Agro Lestari Tbk, Sime Darby Plantation Berhad, and Others.

Key Target Audience  

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development   

• In January 2026, targeting the domestic edible oil market, Raj Oil Mills Limited introduced PALMRAJ, a refined palmolein oil. In accordance with SEBI Regulation 30, the company focused solely on domestic customers while announcing the launch to the BSE and NSE.

Market Segment   

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the palm kernel oil market based on the below-mentioned segments:   

Global Palm Kernel Oil Market, By Sales Channel  

• Direct
• Indirect

Global Palm Kernel Oil Market, By End User

• Personal care & Cosmetics
• Food Industry
• Biofuel and Energy
• Others

 Global Palm Kernel Oil Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 
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