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Palm Oil Market Value Growth And Long-Term Outlook
The palm oil market size has seen consistent expansion in recent years. Its valuation is projected to increase from $69.46 billion in 2025 to $72.71 billion in 2026, achieving a compound annual growth rate (CAGR) of 4.7%. This historical growth can be attributed to several factors, including the expansion of palm plantation acreage, a rise in edible oil consumption, the growth within personal care product manufacturing, its increasing utilization in industrial applications, and the development of extensive refining infrastructure.
The palm oil market is anticipated to experience consistent expansion over the upcoming years. Its value is projected to reach $88.15 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.9%. This forecasted growth stems from factors such as a heightened demand for sustainable oil products, stricter mandates for blending biofuels, the enlargement of certified supply networks, increased capital expenditure in upgrading plantations, and wider implementation of digital tools for plantation management. Key developments expected during this period involve the wider acceptance of certified sustainable palm oil, a surge in demand for palm oil suitable for biofuels, the greater integration of traceability systems, an increase in downstream refining capabilities, and a sharpened emphasis on improving yield.
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Palm Oil Market Demand Drivers Opening New Revenue Streams
The increasing demand from the biofuel sector is expected to propel the growth of the palm oil market in the future. Biofuel refers to any type of fuel made from biomass, also known as organic matter. Palm oil can be transformed into biodiesel through a process called transesterification, making it a highly desirable feedstock for biodiesel production due to its high yield and accessibility, which contributes to improving air quality. For instance, in September 2025, according to GOV.UK, a UK-based public sector website, 153 million liters of biofuel for the UK road transport market were produced from UK-grown crops in 2023. Therefore, the growing demand from the biofuel industry is driving the expansion of the palm oil market.
Palm Oil Market Segment Breakdown: Which Categories Lead On Revenue?
The palm oil market 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
Subsegments:
1) By Crude Palm Oil (CPO): Raw Crude Palm Oil, Unrefined Crude Palm Oil
2) By RBD Palm Oil: RBD Palm Olein, RBD Palm Stearin
Palm Oil Market Leading Players And Competitive Positioning
Major companies operating 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 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
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Palm Oil Market Regional Split: Which Areas Are Fueling Growth?
Asia-Pacific was the largest region in the palm oil market in 2025. North America is expected to be the fastest-growing region in the palm oil market report during the forecast period. The regions covered in the palm oil market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
