Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Palm Oil Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Palm Oil Industry in 2024 and 2025?
The Palm Oil Global Market Report 2025 indicates a consistent expansion in the palm oil market in the past few years. The market value is projected to increase from $66.99 billion in 2024 to $69.46 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 3.7%.
What Is the Projected Market Size of the Palm Oil Market in 2029?
The Palm Oil Global Market Report 2025 predicts that by 2029, the market size of the palm oil industry will grow to $83.82 billion, with a compound annual growth rate (CAGR) of 4.8%.
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What Are the Key Drivers of Palm Oil Market Growth?
The key drivers in the palm oil market are:
• Global biofuel policies stimulating demand for palm oil
• Rising demand for sustainable and certified palm oil
• Expanded utilization of palm oil in non-food industries
• Regulatory measures against deforestation stimulating shifts towards sustainable practices
What Are the Primary Segmentation Categories in the Palm Oil Market?
The palm oilmarket covered in this report is segmented –
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
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What Are the Major Trends Shaping the Palm Oil Market in 2025 and Beyond?
The key trends in the palm oil market are:
• Certification programs are emerging as a significant trend.
• Transparency and traceability in production procedures are gaining importance.
• Research and development for sustainable varieties of palm oil is becoming prominent.
• Collaboration within the supply chain and technological advancements in farming practices are playing a pivotal role.
Who Are the Emerging Players in the Palm Oil Market?
Major players 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
Which Regions Are Leading the Growth in the Global Palm Oil Market?
Asia-Pacific was the largest region in the palm oil market in 2024
