Palm Oil Market Size, Share & Trends Analysis growing at CAGR of 5.3% from 2025 to 2030

ByGrandViewResearch

The global palm oil market size was estimated at USD 72,844.8 million in 2024 and is expected to reach USD 98,906.06 million by 2030, registering a CAGR of 5.3% from 2025 to 2030. The market is driven by exponentially growing demand from the food, beverage, biofuel, energy, personal care, and cosmetics industries.

Key Market Trends & Insights

  • Asia Pacific dominated the palm oil market with the largest revenue share of 71.18% in 2024.
  • The India palm oil market accounted for the largest revenue share of over 20.2% in Asia Pacific in 2024.
  • By nature, the conventional segment led the market with the largest revenue share of 99.06% in 2024.
  • By product, the fractionated segment led the market with the largest revenue share of 39.23% in 2024.
  • By end-use, the food & beverages segment led the market with the largest revenue share of 65.98% in 2024.

Market Size & Forecast

  • 2024 Market Size: USD 72,844.8 Million
  • 2030 Projected Market Size: USD 98,906.06 Million
  • CAGR (2025-2030): 5.3%
  • Asia Pacific: Largest Market in 2024

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Major manufacturers are in Asia Pacific region due to tease of availability of raw materials in region. Market is highly competitive as well as comprehensive in nature owing to presence of a large number of all scale players which try to gain a competitive edge over others with their high production, superior distribution networks, product quality, and various competitive strategies. 

Market Concentration & Characteristics

The market is moderately consolidated and highly competitive in nature. The players in the industry are inclined towards expansions, mergers & acquisitions, and new product launches. Players adopt these strategies to increase the reach of their products in the market and availability of their products & services in diverse geographical areas. Key market players adopting the inorganic growth strategies include Godrej Agrovet ltd., Patanjali Foods, 3F Industries, ADM, and IOI Corporation Bhd. 

Palm Oil Market Report Scope

Report Attribute

Details

Market size value in 2025

USD 76,403.4 million

Revenue forecast in 2030

USD 98,906.06 million

Growth rate

CAGR of 5.3% from 2025 to 2030

Base year for estimation

2024

Historical data

2018 – 2023

Forecast period

2025 – 2030

Quantitative units

Volume in kilotons, revenue in USD million/billion and CAGR from 2025 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Nature, product, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Mexico; Canada; Germany; UK; France; Spain; Italy; Russia; China; India; Japan; South Korea; Malaysia; Indonesia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; Turkey; UAE; Oman; Yemen; Kenya; Nigeria; Ghana; Egypt.

Key companies profiled

ADM; Wilmar International Ltd.; Sime Darby Plantation Berhad; IOI Corporation Berhad; Kuala Lumpur Kepong Berhad; United Plantations Berhad; Kulim (Malaysia) Berhad; IJM Corporation Berhad; PT Sampoerna Agro, Tbk; Univanich Palm Oil Public Company Ltd.; PT. Bakrie Sumatera Plantations Tbk; Asian Agri.

Customization scope

Free report customization (equivalent to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

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