Palm Oil Global Strategic Business Report 2024 - Edible Palm Oil to Benefit from the Growing Aversion to GMO-based Oils

Dublin, April 02, 2024 (GLOBE NEWSWIRE) -- The "Palm Oil - Global Strategic Business Report" has been added to's offering.

The global market for Palm Oil estimated at US$79.3 Billion in the year 2023, is projected to reach a revised size of US$117.9 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2023-2030.

Crude Palm Oil, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$63.8 Billion by the end of the analysis period. Growth in the Palm Kernel Oil segment is estimated at 6.2% CAGR for the next 8-year period.

The Palm Oil market in the U.S. is estimated at US$3.1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$13.9 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Key Market Trends & Drivers

  • Food Industry: Most Important Application Market for Palm Oil
  • Growing Awareness about Saturated Fatty Acids & Omega-6 in Vegetable Oils Augurs Well Palm Oil Market
  • Market Benefits from the Rising Health Consciousness and Increasing Awareness about Nutritional Benefits of Palm Oil
  • Population Growth and Surging Popularity of Convenience Foods Bodes Well for Palm Oil Market
  • Edible Palm Oil to Benefit from the Growing Aversion to GMO-based Oils
  • Rise of the Vegetarianism & Customization to Local Tastes
  • Expanding Industrial Applications Elevate Demand for Palm Oil
  • Biodiesel: The New Growth Avenue for Palm Oil
  • Average Biofuel Yields of First Generation Feedstock
  • Palm Oil Emerges as a Popular Feedstock for Biodiesel Production
  • Favorable Blend Mandates Set to Enhance Palm Oil Demand in Biofuel Sector
  • Growing Prominence of Sustainable Palm oil to Accelerate Market Demand
  • Initiatives Supporting the Development of a Sustainable Palm oil Industry
  • RSPO's Novel Initiatives Aim to Resolve Biodiversity & Sustainability Issues Prevalent in Palm Oil Industry
  • Leading Producers of Palm Oil Worldwide: Approximate Percentage Share of Production of RSPO
  • High Crop Yield: A Major Factor Promoting Market Expansion
  • Advanced Equipment & Approaches Come to the Fore to Boost Palm Oil Production & Processing
  • Remote Sensing Technologies to Potentially Revolutionize Oil Palm Industry
  • Using Drones for in Oil Palm Farming
  • Electrical Cutters in Place of Bulky Mechanical Equipment
  • Novel DNA-based Method for Early Identification of High Yielding Palm Trees
  • Research Highlights Need for Improving Ergonomics for Palm Harvesters
  • List of Common Ailments Associated with MSDs and Risk Factors in Terms of Tasks and Movements
  • Impact of Recent Palm Oil Price Surge on Deforestation

Major Issues & Challenges Confronting the Palm Oil Market

  • Environmental Concerns Remain Major Impediment
  • Various Strategies to Address Environmental Issues
  • Protectionist Methods Adopted by Developed Nations
  • Scarcity of Cultivable Land: A Major Challenge
  • Stiff Competition from Soybean & Other Vegetable Oils
  • Palm Oil and Cholesterol Controversy
  • Insect Cooking Oil as an Alternative to Palm Oil

The report features profiles of 120+ featured companies. A selection of companies in the report includes:

  • AAA Oils & Fats Pte Ltd. , A subsidiary of Apical Group
  • Archer Daniels Midland Company
  • AAK AB
  • Agropalma Group
  • 3F Industries Ltd.
  • Alami Vegetable Oil Products Sdn. Bhd.
  • Alnor Oil Company
  • Anglo-Eastern Plantations PLC
  • Asian Agri
  • BLD Plantation Bhd.
  • Agroindustrial Palmasa S/A
  • ANJ
  • Andira Agro
  • AgriSmart
  • Boto Farms Limited

Key Attributes:

Report AttributeDetails
No. of Pages563
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$79.3 Billion
Forecasted Market Value (USD) by 2030$117.9 Billion
Compound Annual Growth Rate5.8%
Regions CoveredGlobal

Key Topics Covered:




  • Global Economic Update
  • Palm Oil - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • An Introduction to Palm Oil
  • Chemical Composition & Features
  • Development & Growth
  • A Note on Oil Palm Cultivation
  • Global Market Prospects & Outlook
  • Food Industry: Largest End-Use Market
  • Developing Regions Constitute Primary Palm Oil Markets
  • Competition
  • Ranking of Leading Producers of Sustainable Palm Oil
  • Leading Palm Oil Traders with Zero Deforestation Commitment: Ranked in Order of Number of Zero Deforestation Policies Implemented
  • World Brands
  • Recent Market Activity



  • Key Applications of Edible Palm Oil
  • Fatty Acid Profiles of Major Cooking Oils - Butter, Olive, Coconut, Palm, Safflower, Corn, Soybean, and Canola
  • Population Growth and Surging Popularity of Convenience Foods Bodes Well for Palm Oil Market
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Average Biofuel Yields of First Generation Feedstock
  • RPSO-Certified Palm Oil by Source Country
  • Global Oil Yield (Tons per Hectare) for Major Oilseed Crops



  • United States
  • Canada
  • Japan
  • China
  • Europe
  • France
  • Germany
  • Italy
  • United Kingdom
  • Spain
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East
  • Iran
  • Israel
  • Saudi Arabia
  • United Arab Emirates
  • Rest of Middle East
  • Africa


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Palm Oil Market