Dublin, Sept. 11, 2025 (GLOBE NEWSWIRE) — The “Palm Oil Market – Forecasts from 2025 to 2030” has been added to ResearchAndMarkets.com’s offering.
The palm oil market is projected to grow from USD 58.719 billion in 2025 to USD 71.304 billion by 2030, with a CAGR of 3.96%.
The escalating global demand for edible oils, driven by population growth and its increased use in food applications, fuels the palm oil market. There’s rising health awareness about palm oil’s stability and versatility in cooking, driving its adoption.
Furthermore, the enhanced usage of crude palm oil in domestic and industrial applications in developing regions emerges as a key market driver. Its cost-effective nature and effectiveness in food processing, notably in bakery and confectionery, promote market expansion. Thanks to the scalability of plantations in tropical areas, the market remains well-positioned to meet this demand.
Environmental issues pose significant obstacles, particularly due to deforestation linked with expanding plantations. More scrutiny from environmental bodies and tighter regulations might stem market growth in the coming years. To ensure industry sustainability, engaging in sustainable sourcing and certification initiatives is crucial for market players.
Notable companies include Carotino Group (JC Chang Group), Yee Lee Corporation Bhd., Innovans Palm Industries Sdn Bhd, Able Perfect Sdn Bhd, and others. These firms concentrate on expanding production and adopting sustainable techniques to address environmental issues.
Key Benefits of this Report:
- Insightful Analysis: In-depth market insights covering major and emerging regions, customer segments, government policies, socio-economic factors, consumer preferences, and industry verticals.
- Competitive Landscape: Comprehend strategic maneuvers employed by key players globally for effective market penetration strategies.
- Market Drivers & Future Trends: Explore impactful factors and pivotal trends shaping future developments.
- Actionable Recommendations: Leverage insights for strategic decisions, uncovering new business avenues and revenues.
- Audience: Ideal for startups, research institutions, consultants, SMEs, and large enterprises.
Report Coverage:
- Historical data from 2020 to 2024 & project forecasts up to 2030.
- Growth prospects, challenges, supply chain outlook, regulations, and trend analysis.
- Competitive positioning, strategies, and market share analysis.
- Revenue growth and segment/regional forecast assessment including country-specific data.
- Company profiling with strategies, products, financials, and key developments:
- Carotino Sdn. Bhd. (JC Chang Group of Companies)
- Yee Lee Corporation Bhd.
- Innovans Palm Industries Sdn. Bhd.
- Able Perfect Sdn. Bhd.
- Sarawak Oil Palms Berhad
- Hayel Saeed Anam Group of Companies
- Green Ocean Corporation Berhad
- Muhibah Palm Product Sdn. Bhd.
- Cargill, Incorporated
- Wilmar International Ltd.
- Sime Darby Plantation Berhad
- IOI Corporation Berhad
- Kuala Lumpur Kepong Berhad (KLK)
Palm Oil Market Segmentation
By Type:
- Crude Oil
- Refined
- Palm Kernel Oil
By Industry Verticals:
- Food and Beverage
- Personal Care and Cosmetics
- Bioenergy and Power
- Industrial Uses
- Others
Predominantly found in food applications, palm oil features in bakery products, confectioneries, and cooking oils. Crude palm oil is essential for domestic cooking in Southeast Asia, Africa, and Brazil, given its affordability. The refined version prevails in processed food industries for its stability and neutral flavor. The demand surge for processed foods in budding economies is set to propel this segment.
By Geography:
- North America (USA, Canada, Mexico)
- South America (Brazil, Argentina, Others)
- Europe (United Kingdom, Germany, France, Spain, Others)
- Middle East and Africa (Saudi Arabia, UAE, Others)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Others)
The market spans Asia, Africa, and South America, supported by tropical climates conducive to large-scale cultivation. Indonesia and Malaysia, key hubs, dominate production due to widespread plantations and export needs. Africa and South America sustain significant roles with enhanced plantation activities. The Asia-Pacific region is projected to sustain its leading market status due to strong production and consumption trends.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 144 |
| Forecast Period | 2025-2030 |
| Estimated Market Value (USD) in 2025 | $58.72 Billion |
| Forecasted Market Value (USD) by 2030 | $71.3 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/uu4mjg
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