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Palm Oil Global Market to Reach $117.9 Billion by 2030: Growing Awareness About Saturated Fatty Acids & Omega-6 in Vegetable Oils Augurs Well for Palm Oil Market

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Global Market for Palm Oil

Global Market for Palm Oil
Global Market for Palm Oil

Dublin, March 03, 2023 (GLOBE NEWSWIRE) -- The "Palm Oil: Global Strategic Business Report" report has been added to's offering.

The global market for Palm Oil estimated at US$74.9 Billion in the year 2022, is projected to reach a revised size of US$117.9 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030.

Crude Palm Oil, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$63.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Palm Kernel Oil segment is readjusted to a revised 7.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 6.7% CAGR

The Palm Oil market in the U.S. is estimated at US$3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13.9 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.


Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 3.6% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 3.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$64.5 Billion by the year 2030.

Select Competitors (Total 124 Featured) -

  • Agropalma S.A.

  • Archer Daniels Midland Company

  • Asian Agri

  • Boustead Holdings Berhad

  • Cargill, Incorporated

  • Carotino Sdn Bhd

  • FGV Holdings Berhad

  • First Resources Limited

  • Fuji Vegetable Oil, Inc.

  • Genting Plantations Berhad

  • Godrej Agrovet Limited

  • Golden Agri-Resources Ltd.

  • Intercontinental Specialty Fats Sdn. Bhd.

  • IOI Corporation Berhad

  • Kuala Lumpur Kepong Berhad

  • Musim Mas Group

  • New Britain Palm Oil Ltd.

  • Nv Siat sa

  • PT Astra Agro Lestari Tbk

  • PT Darmex Agro

  • PT Dharma Satya Nusantara Tbk

  • PT Indofood Sukses Makmur Tbk

  • PT PP London Sumatra Indonesia Tbk

  • PT Salim Ivomas Pratama Tbk

  • PT Smart Tbk

  • Sime Darby Plantation Sdn Bhd

  • United Palm Oil Industry Public Company Limited

  • United Plantations Berhad

  • Wilmar International Ltd.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Report Metrics:

Report Attribute


No. of Pages


Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$74.9 Billion

Forecasted Market Value (USD) by 2030

$117.9 Billion

Compound Annual Growth Rate


Regions Covered


Key Topics Covered:




  • Impact of COVID-19 Pandemic and the Looming Global Recession

  • 2020 Marked as a Year of Disruption & Transformation

  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed?

  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022

  • Amidst the COVID-19 Pandemic, Vegetable Oils Industry Maintains Positive Trajectory in 2020

  • Palm Oil Registers Price Spike Amidst the Pandemic

  • Palm Oil - Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • An Introduction to Palm Oil

  • Chemical Composition & Features

  • Development & Growth

  • A Note on Oil Palm Cultivation

  • Global Market Prospects & Outlook

  • Food Industry: Largest End-Use Market

  • Developing Regions Constitute Primary Palm Oil Markets

  • Global Palm Oil Production and Trade Scenario

  • Global Palm Oil Production (in Thousand Metric Tons) for 2017/18 to 2021/22

  • Global Palm Oil Imports (in Thousand Metric Tons) by Country for 2017/18 through 2021/22

  • Global Palm Oil Exports (in Thousand Metric Tons) by Country for 2017/18 through 2021/22

  • Competition

  • Ranking of Leading Producers of Sustainable Palm Oil

  • Leading Palm Oil Traders with Zero Deforestation Commitment: Ranked in Order of Number of Zero Deforestation Policies Implemented

  • World Brands

  • Recent Market Activity



  • Food Industry: Most Important Application Market for Palm Oil

  • Key Applications of Edible Palm Oil

  • Growing Awareness about Saturated Fatty Acids & Omega-6 in Vegetable Oils Augurs Well Palm Oil Market

  • Fatty Acid Profiles of Major Cooking Oils - Butter, Olive, Coconut, Palm, Safflower, Corn, Soybean, and Canola

  • Market Benefits from the Rising Health Consciousness and Increasing Awareness about Nutritional Benefits of Palm Oil

  • Population Growth and Surging Popularity of Convenience Foods Bodes Well for Palm Oil Market

  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100

  • Edible Palm Oil to Benefit from the Growing Aversion to GMO-based Oils

  • Rise of the Vegetarianism & Customization to Local Tastes

  • Expanding Industrial Applications Elevate Demand for Palm Oil

  • Biodiesel: The New Growth Avenue for Palm oil

  • Global Biodiesel Production (in Billion Liters and YoY % Growth) for the Years 2019-2022

  • Global Biodiesel Production Breakdown by Country/Region for 2020

  • Average Biofuel Yields of First Generation Feedstock

  • Palm Oil Emerges as a Popular Feedstock for Biodiesel Production

  • World Biodiesel & HVO Production Mix by Feedstock: 2020

  • Favorable Blend Mandates Set to Enhance Palm Oil Demand in Biofuel Sector

  • COVID-19 Impact on the Biodiesel Market & Implications for Palm Oil

  • Growing Prominence of Sustainable Palm oil to Accelerate Market Demand

  • Certified Production Area by RSPO for the Years 2017-2022

  • RPSO-Certified Palm Oil by Source Country

  • Initiatives Supporting the Development of a Sustainable Palm oil Industry

  • RSPO's Novel Initiatives Aim to Resolve Biodiversity & Sustainability Issues Prevalent in Palm Oil Industry

  • Leading Producers of Palm Oil Worldwide: Approximate Percentage Share of Production of RSPO

  • High Crop Yield: A Major Factor Promoting Market Expansion

  • Global Oil Yield (Tons per Hectare) for Major Oilseed Crops

  • Advanced Equipment & Approaches Come to the Fore to Boost Palm Oil Production & Processing

  • Remote Sensing Technologies to Potentially Revolutionize Oil Palm Industry

  • Using Drones for in Oil Palm Farming

  • Electrical Cutters in Place of Bulky Mechanical Equipment

  • Novel DNA-based Method for Early Identification of High Yielding Palm Trees

  • Research Highlights Need for Improving Ergonomics for Palm Harvesters

  • List of Common Ailments Associated with MSDs and Risk Factors in Terms of Tasks and Movements

  • Impact of Recent Palm Oil Price Surge on Deforestation

  • Major Issues & Challenges Confronting the Palm oil Market

  • Environmental Concerns Remain Major Impediment

  • Various Strategies to Address Environmental Issues

  • Protectionist Methods Adopted by Developed Nations

  • Scarcity of Cultivable Land: A Major Challenge

  • Global Availability of Arable Land in Hectares Per Person & as a % of Total Land Area for the Years 1990, 2000, 2018 and 2020

  • Stiff Competition from Soybean & Other Vegetable Oils

  • Palm Oil and Cholesterol Controversy

  • Insect Cooking Oil as an Alternative to Palm Oil




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