North America Palm Oil Market Size & Outlook, 2023-2030
North America palm oil market, 2018-2030 (US$M)
Related Markets
North America palm oil market highlights
- The North America palm oil market generated a revenue of USD 2,280.7 million in 2023.
- The market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, fractionated palm oil was the largest revenue generating product in 2023.
- RBD Palm Oil is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,280.7 million |
| Market revenue in 2030 | USD 3,026.1 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Fractionated palm oil |
| Fastest growing segment | RBD Palm Oil |
| 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, North America region accounted for 3.2% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Palm Oil Market Scope
Palm Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 41.26% in 2023. Horizon Databook has segmented the North America 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.
The North American Sustainable Palm Oil Network (NASPON) was formulated by RSPO with an aim to build momentum, educate, and assist the North American manufacturers and end users to source sustainable palm oil.
The favorable properties of palm oil are expected to boost its consumption in application segments such as bakery and confectionery products. The North American food & beverage industry is recognized for technological innovation and production of unique delicacies.
The rising demand for natural ingredients in food manufacturing is expected to boost the demand for palm oil over the forecast period. However, the industrial applications of palm oil are expected to grow at a slower pace on account of a slowdown in the region’s manufacturing sector.
Reasons to subscribe to North America palm oil market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America palm oil market databook
-
Our clientele includes a mix of palm oil market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America palm oil market , including forecasts for subscribers. This continent databook contains high-level insights into North America palm oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America palm oil market size, by country, 2018-2030 (US$M)
North America Palm Oil Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
