Europe Palm Oil Market Size & Outlook, 2023-2030
Europe palm oil market, 2018-2030 (US$M)
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Europe palm oil market highlights
- The Europe palm oil market generated a revenue of USD 6,577.7 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, fractionated palm oil was the largest revenue generating product in 2023.
- CPO is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 6,577.7 million |
| Market revenue in 2030 | USD 9,192.7 million |
| Growth rate | 4.9% (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 |
| Key market players worldwide | Archer-Daniels Midland Co, Wilmar International Ltd, SD Guthrie Bhd, Kuala Lumpur Kepong Bhd, United Plantation Berhad, PT Sampoerna Agro Tbk, Univanich Palm Oil PCL Units Non-voting Depository Receipts, PT Bakrie & Brothers Tbk Registered Shs Series -A- |
Other key industry trends
- In terms of revenue, Europe region accounted for 9.3% of the global palm oil market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 73,483.2 million by 2030.
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Palm Oil Market Scope
Palm Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 40.44% in 2023. Horizon Databook has segmented the Europe 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.
Europe has emerged as a leading market for sustainable palm oil consumption over the past few years, owing to the growing product demand as a feedstock for biofuel production. Consequently, biodiesel industry participants and palm oil producers in the region have launched the European Sustainable Palm Oil (ESPO) program with its dedication toward 100% sustainable palm oil production in the near future.
According to the European Palm Oil Alliance, in 2012, the Government of the UK acknowledged that they had a major role in palm oil plantation problems and decided to be a part of the solution. The UK government further set a commitment for 100% sustainable palm oil production in the country that does not harm people or nature.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe palm oil market , including forecasts for subscribers. This continent databook contains high-level insights into Europe palm oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe palm oil market size, by country, 2018-2030 (US$M)
Europe Palm Oil Market Outlook Share, 2023 & 2030 (US$M)
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