Saudi Arabia Palm Oil Market Size & Outlook, 2023-2030

The palm oil market in Saudi Arabia is expected to reach a projected revenue of US$ 594.2 million by 2030. A compound annual growth rate of 2.6% is expected of Saudi Arabia palm oil market from 2024 to 2030.
Revenue, 2023 (US$M)
$496.0
Forecast, 2030 (US$M)
$594.2
CAGR, 2024 - 2030
2.6%
Report Coverage
Saudi Arabia

Saudi Arabia palm oil market highlights

  • The Saudi Arabia palm oil market generated a revenue of USD 496.0 million in 2023 and is expected to reach USD 594.2 million by 2030.
  • The Saudi Arabia market is expected to grow at a CAGR of 2.6% from 2024 to 2030.
  • In terms of segment, fractionated palm oil was the largest revenue generating product in 2023.
  • Fractionated Palm Oil is the most lucrative product segment registering the fastest growth during the forecast period.


Palm oil market data book summary

Market revenue in 2023USD 496.0 million
Market revenue in 2030USD 594.2 million
Growth rate2.6% (CAGR from 2023 to 2030)
Largest segmentFractionated palm oil
Fastest growing segmentFractionated Palm Oil
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCPO, Palm Kernel Oil, RBD Palm Oil, Fractionated Palm Oil
Key market players worldwideArcher-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, Saudi Arabia accounted for 0.7% of the global palm oil market in 2023.
  • Country-wise, Indonesia is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, Saudi Arabia palm oil market is projected to lead the regional market in terms of revenue in 2030.
  • Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 594.2 million by 2030.

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Palm Oil Market Companies

Name Profile # Employees HQ Website

Saudi Arabia 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 36.77% in 2023. Horizon Databook has segmented the Saudi Arabia 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.


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Target buyers of Saudi Arabia 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.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia palm oil market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia palm oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Saudi Arabia palm oil market size, by product, 2018-2030 (US$M)

Saudi Arabia Palm Oil Market Outlook Share, 2023 & 2030 (US$M)

Saudi Arabia palm oil market size, by product, 2018-2030 (US$M)

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