Global Palm Oil Market Size & Outlook, 2023-2030
Global palm oil market, 2018-2030 (US$M)
Related Markets
Global palm oil market highlights
- The global palm oil market generated a revenue of USD 70,438.5 million in 2023 and is expected to reach USD 100,039.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.1% by 2030.
- In terms of segment, fractionated palm oil accounted for a revenue of USD 27,613.4 million in 2023.
- CPO is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 70,438.5 million |
| Market revenue in 2030 | USD 100,039.7 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Fractionated palm oil |
| Fastest growing segment | CPO |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CPO, Palm Kernel Oil, RBD Palm Oil, Fractionated Palm Oil |
Other key industry trends
- In terms of revenue, the North America accounted for 3.2% of the global palm oil market in 2023.
- By country, the Indonesia is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 530.3 million by 2030.
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Palm Oil Market Scope
Palm Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global palm oil market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to palm oil market will help companies and investors design strategic landscapes.
Fractionated palm oil was the largest segment with a revenue share of 39.2% in 2023. Horizon Databook has segmented the Global palm oil market based on cpo, palm kernel oil, rbd palm oil, fractionated palm oil covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Palm Oil Product Outlook (Revenue, USD Million, 2018-2030)
- CPO
- Palm Kernel Oil
- RBD Palm Oil
- Fractionated Palm Oil
- Global Palm Oil End-Use Outlook (Revenue, USD Million, 2018-2030)
- Food & Beverage
- Personal Care & Cosmetics
- Biofuel & Energy
- Pharmaceuticals
- Others
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Target buyers of Global palm oil market databook
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Our clientele includes a mix of palm oil market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global palm oil market , including forecasts for subscribers. This global databook contains high-level insights into Global palm oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global palm oil market size, by regions, 2018-2030 (US$M)
Top 10 countries: Palm oil market size, 2023 (US$M)
Global palm oil market share, by product, 2023 & 2030 (%, US$M)
Palm oil market: Opportunity assessment by country
Global palm oil market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,634.3 | 1,847.1 | 1,889.7 | 2,101.4 | 2,188.2 | 2,280.8 | 2,379.4 | 2,481.3 | 2,586.6 | 2,695.5 | 2,804.1 | 2,914.4 | 3,026.1 | 4.1% |
| Europe | 5,725.4 | 6,032.2 | 5,574.6 | 6,264.7 | 6,400.0 | 6,577.7 | 6,794.7 | 7,077.1 | 7,395.9 | 7,764.0 | 8,179.8 | 8,654.1 | 9,192.7 | 4.9% |
| Asia Pacific | 39,488.0 | 39,253.0 | 40,908.3 | 45,899.1 | 48,031.8 | 50,453.7 | 53,022.2 | 55,775.5 | 58,791.4 | 62,014.6 | 65,531.7 | 69,345.5 | 73,483.3 | 5.5% |
| Latin America | 3,356.3 | 3,635.7 | 4,043.8 | 4,220.6 | 4,414.0 | 4,622.2 | 4,852.2 | 5,100.6 | 5,367.4 | 5,655.1 | 5,964.2 | 6,296.6 | 6,654.1 | 5.3% |
| MEA | 4,657.9 | 5,053.1 | 5,749.3 | 6,023.5 | 6,274.2 | 6,504.2 | 6,723.2 | 6,929.1 | 7,124.1 | 7,300.4 | 7,451.2 | 7,579.4 | 7,683.6 | 2.4% |
| Overall | 54,862.0 | 55,821.1 | 58,165.7 | 64,509.4 | 67,308.1 | 70,438.6 | 73,771.7 | 77,363.8 | 81,265.4 | 85,429.5 | 89,930.9 | 94,790.1 | 100,039.7 | 5.1% |
Related regional statistics
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