The Brazil palm oil market size reached a volume of 1028.09 Kilo Tons in 2024 and is expected to grow at a CAGR of 6.00% during the forecast period of 2025-2034, reaching a value of 1841.15 Kilo Tons by 2034. The market is witnessing growth due to the growing awareness regarding the health benefits of palm oil.

The Brazil palm oil market size was estimated at USD 738.2 million in 2018 and is projected to register a CAGR of 13.6 % from 2019 to 2025. Significant rise in consumption owing to its cheaper prices coupled with rising awareness regarding its health benefits are anticipated to drive the market growth

Forecast: Palm Oil Market Size Volume in Brazil 2023 - 2027 Discover more data with ReportLinker!

This statistic presents the quantity of palm oil produced in Brazil from 2010 to 2023. In 2023, the production of palm oil in Brazil is estimated to reach 585,000 metric tons, up from 570,000 metric tons the previous year.

Forecast: Palm Oil Market Size Volume Per Capita in Brazil 2023 - 2027 Discover more data with ReportLinker!

The Brazilian palm oil market rose notably to $879M in 2024, surging by 15% against the previous year. Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market attained the maximum level at $1B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

This statistic shows the revenue of the industry “Crude palm oil“ in Brazil from 2012 to 2018, with a forecast to 2025. It is projected that the revenue of Crude palm oil in Brazil will amount to approximately ***** million U.S. Dollars by 2025.

Refined Palm Kernel Oil Market Outlook

The global market size for refined palm kernel oil is projected to grow significantly from USD 8.5 billion in 2023 to USD 12.3 billion by 2032, exhibiting a CAGR of 4.1%. One of the primary growth factors contributing to this market expansion is the increasing demand for sustainable and versatile vegetable oils in various industries, including food and beverages, personal care, and cosmetics.

One of the key growth drivers for the refined palm kernel oil market is its widespread application in the food industry. The oil's high stability and long shelf life make it an ideal ingredient for baked goods, confectionery, and snacks. Additionally, the growing consumer preference for plant-based and natural ingredients in food products is further fueling the demand for refined palm kernel oil. Innovations in food processing and increased health consciousness are also contributing to market growth, as consumers seek healthier alternatives to traditional cooking oils.

Another significant growth factor is the rising utilization of refined palm kernel oil in the personal care and cosmetics industry. The oil's moisturizing properties and rich content of lauric acid make it a popular ingredient in skin care and hair care products. As consumers increasingly prioritize natural and sustainable products, manufacturers are incorporating refined palm kernel oil into their formulations. This trend is expected to continue driving market growth, as the beauty and personal care sector continues to expand globally.

Industrial applications of refined palm kernel oil are also contributing to market expansion. The oil's unique chemical properties make it suitable for use in the production of biodiesel, lubricants, and surfactants. The growing emphasis on sustainable and eco-friendly industrial processes is leading to increased adoption of palm kernel oil as a raw material. Additionally, the versatility of refined palm kernel oil in various industrial applications is expected to drive its demand in the coming years.

Regionally, the Asia Pacific region holds the largest share of the refined palm kernel oil market, driven by high production and consumption in countries such as Malaysia and Indonesia. The region's strong agricultural base and favorable climatic conditions support palm oil cultivation, contributing to market growth. Additionally, the rising population and increasing disposable incomes in Asia Pacific are boosting the demand for food products, personal care items, and industrial goods, further driving the market. North America and Europe are also significant markets, with a growing demand for sustainable and natural ingredients in various industries.

In recent years, Brazil has emerged as a significant player in the global palm oil market, particularly with its focus on sustainable practices. The country's vast agricultural landscape and favorable climate conditions make it an ideal location for palm oil cultivation. Brazil Palm Oil is gaining attention due to its commitment to reducing deforestation and promoting environmentally friendly farming techniques. This approach not only enhances the country's reputation in the international market but also aligns with the growing consumer demand for sustainable and ethically sourced products. As Brazil continues to invest in sustainable palm oil production, it is expected to play a crucial role in meeting the increasing global demand for palm oil, while also contributing to the preservation of biodiversity and local ecosystems.

Product Type Analysis

The refined palm kernel oil market can be segmented into RBD (Refined, Bleached, and Deodorized) palm kernel oil, fractionated palm kernel oil, and hydrogenated palm kernel oil. RBD palm kernel oil is one of the most widely used forms, known for its purity and versatility. It undergoes a refining process that removes impurities, resulting in a high-quality product suitable for various applications. The demand for RBD palm kernel oil is driven by its extensive use in the food industry, particularly in baking and frying, where its high smoke point and stability are advantageous.

Fractionated palm kernel oil is another significant segment, produced by separating the oil into its liquid and solid components through controlled cooling. This process results in oils with different melting points, making them suitable for specific applications such as confectionery and cosmetics

The Brazilian crude palm oil market was estimated at $640M in 2024, with an increase of 2.8% against the previous year. Overall, consumption, however, recorded a remarkable increase. Crude palm oil consumption peaked at $711M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The South American vegetable oil market, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by increasing demand from the food and biofuel sectors. A Compound Annual Growth Rate (CAGR) of 3.81% from 2025 to 2033 indicates a significant expansion in market size over the forecast period. Key drivers include rising consumption of processed foods, growing biofuel mandates, and increasing livestock populations fueling demand for animal feed. Brazil and Argentina are the dominant markets, benefiting from favorable agricultural conditions and established oilseed production. However, the market faces constraints such as fluctuating commodity prices, dependence on weather patterns, and the potential for competition from other regions. The market is segmented by oil type (palm oil, soybean oil, rapeseed oil, sunflower oil, olive oil, and others), application (energy, feed, industrial), and geography (Brazil, Argentina, and Rest of South America). Major players like Cargill, ADM, Bunge, and Wilmar are key participants, influencing market dynamics through their production, processing, and distribution capabilities. The "Other Types" segment is poised for growth, potentially driven by increasing consumer interest in healthier options and niche oil varieties. The expanding biofuel industry will continue to be a significant growth catalyst for the foreseeable future. Further research into specific regional trends within Brazil and Argentina would allow for more accurate growth projections in this dynamic market. The diverse applications of vegetable oils, coupled with the significant agricultural capacity of South America, position the region favorably for continued growth. However, successful navigation of price volatility and climate-related challenges will be crucial for market stakeholders. Increased investment in sustainable production practices and technological advancements in processing and refining can contribute significantly to enhancing market competitiveness and addressing environmental concerns. The competitive landscape is characterized by a mix of large multinational corporations and regional players, often vying for market share across different segments and geographic regions. The long-term outlook remains positive, with a continuous increase in demand anticipated, especially given the growth of the global population and evolving consumption patterns. The market's success will hinge on effectively adapting to changing consumer preferences, regulatory frameworks, and global economic conditions. Recent developments include: October 2022: BrasilBiofuels announced its plans to build Brazil's first sustainability aviation fuel facility in Manaus using technology developed by Denmark's Topsoe Haldor. The company claimed that they would use palm oil which they will grow in Brazil, as feedstock for the biorefinery to meet the growing demand for renewable fuels, including SAF., April 2022: Brazilian fuel distributor Vibra Energia SA leveraged its existing partnership with Brasil BioFuels (BBF) to venture into the production and sale of palm oil-based jet fuel. This strategic decision reflects Vibra Energia's commitment to expanding its involvement in sustainable energy solutions and further accelerating the transition towards greener alternatives in the aviation industry., July 2021: Agropalma announced a partnership with Ciranda. In partnership with Ciranda, Agropalma expanded its production of organic palm oil to meet growing demand. The companies announced that they would supply the organic food sector with the highest quality palm oils and shortening.. Key drivers for this market are: Rising Demand for Processed Foods, Strategic Initiatives by Companies Uplifting Market Growth. Potential restraints include: Rising Demand for Processed Foods, Strategic Initiatives by Companies Uplifting Market Growth. Notable trends are: Rising Demand for Biofuels to Support the Market Growth.

In 2022, Brazil imported palm oil from Indonesia worth approximately ***** million U.S. dollars, placing the Asian country as the main import partner for this commodity that year. Brazil's neighbor, Colombia, was the second most important country of origin for palm oil imported into the South American giant, with a trade value of roughly ***** million U.S. dollars.

Palm Oil Price in Brazil - 2023. Find the latest marketing data on the IndexBox platform.

The Brazilian palm kernel oil market surged to $353M in 2024, with an increase of 20% against the previous year. In general, consumption recorded slight growth. Over the period under review, the market reached the peak level at $473M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Palm kernel oil production in Brazil in 2023 reached ** thousand metric tons, an increase of more than three times compared to ** thousand metric tons in 2008. The palm kernel oil production volume in the country has been consistently increasing since 2008, while its consumption also saw a jump of over *** percent in the same period.

The Latin America palm oil market attained a value of USD 4.47 Billion as of 2024 and is anticipated to grow at a CAGR of 5.20% during the forecast period of 2025 to 2034. The Latin America palm oil industry is spurred on by growing biodiesel production as nations such as Colombia and Brazil increasingly require blending with biofuels, leading to increased demand for sustainable palm oil as a substitute energy resource. The market is thus expected to reach a value of nearly USD 7.42 Billion by 2034.

This statistic presents the cultivation area of oil palm in Brazil in 2016, sorted by palm tree age. Figures only include the planted area managed by palm oil producing companies. That year, palm oil companies had about ***** thousand hectares planted with oil palm trees between 3 and 7 years of age.

The size of the Brazil Biofuel Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.49% during the forecast period. Brazil's biofuel industry represents a significant and growing segment of the economy, propelled by the nation's vast agricultural capabilities and a strong dedication to sustainable energy practices. As a leading global producer of biofuels, especially ethanol sourced from sugarcane, Brazil has established a comprehensive infrastructure for the production and use of biofuels. The Brazilian government has played a crucial role in fostering this industry through initiatives such as the RenovaBio program, which seeks to boost biofuel output, enhance energy efficiency, and mitigate greenhouse gas emissions. The biofuel sector is further strengthened by Brazil's extensive sugarcane farms, which ensure a reliable supply of raw materials for ethanol manufacturing. Moreover, the introduction of "flex-fuel" vehicle technology enables cars to operate on a combination of ethanol and gasoline, thereby encouraging greater adoption of biofuels. The market also encompasses biodiesel, derived from vegetable oils and animal fats, which is blended with diesel to lower carbon emissions and enhance fuel quality. Despite its advantages, Brazil's biofuel market encounters several challenges, including volatile feedstock prices and environmental issues associated with land use and deforestation. Nonetheless, the sector continues to expand, fueled by persistent technological innovations, governmental backing, and a rising global appetite for sustainable energy alternatives. Recent developments include: In March 2022, ICM and Agribrasil signed an agreement to develop a greenfield dry-mill grain ethanol production facility in Mato Grosso, Brazil. The facility is expected to utilize ICM's process technologies, including patented Selective Milling Technology (SMT) for milling optimization, Base Tricanter System (BTS) for corn oil recovery, and patented Fiber Separation Technology (FST) for fiber removal before fermentation. These technologies are expected to allow Agribrasil to maximize its ethanol and corn oil production efficiently. The plant's design is also expected to feature a distributed control system (DCS), allowing operators to automate production levels., In November 2021, Brasil Biofuels (BBF), a Brazilian palm oil producer, announced plans to build Brazil's first hydrotreated vegetable oil (HVO) plant after entering a supply agreement with Brazil's most prominent fuel distributor Vibra Energia. The plant, installed in the Manaus free-trade zone in Amazonas state, will start operating in January 2025 with a production capacity of around 500 million liters per year.. Key drivers for this market are: 4., Uninterrupted and Reliable Power Supply and Heavy Deployment of DG (diesel generator) Set4.; Improvement in Technology of Diesel Generator. Potential restraints include: 4., The Growing Trend of Renewable Power Generation. Notable trends are: Ethanol Likely to Dominate the Market.

This statistic presents the annual production volume of Agropalma S/A from 2011 to 2017, including crude palm oil, palm kernel oil, palm kernel extract, fiber and empty fruit bunch. Agropalma is a leading player in the Brazilian palm oil industry. In 2017, Agropalma's production of palm oil and other by-products amounted to ***** thousand metric tons, up from nearly *** thousand tons a year earlier.

The size of the South America Vegetable Oil Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.81% during the forecast period. The vegetable oil market in South America involves producing and distributing oils from different plant sources like soybeans, palm, sunflower, and canola. This industry is seeing significant expansion due to the growing need for cooking oils, utilization in food processing and biofuels, and a growing recognition of the health advantages linked to specific oils. Key players such as Cargill, Bunge, and ADM are leading in the industry, offering a variety of vegetable oils to cater to a range of consumer demands. The increase in demand for oils perceived as healthier than animal fats due to the rise of plant-based diets and a focus on healthier eating habits is driving market growth. Despite facing challenges like unstable raw material prices and environmental issues related to palm oil production, the market remains optimistic due to continuous advancements in oil extraction and refining techniques. This growth pattern emphasizes the crucial importance of vegetable oils in the South American food sector, showcasing their significance in cooking and industrial purposes. Recent developments include: October 2022: BrasilBiofuels announced its plans to build Brazil's first sustainability aviation fuel facility in Manaus using technology developed by Denmark's Topsoe Haldor. The company claimed that they would use palm oil which they will grow in Brazil, as feedstock for the biorefinery to meet the growing demand for renewable fuels, including SAF., April 2022: Brazilian fuel distributor Vibra Energia SA leveraged its existing partnership with Brasil BioFuels (BBF) to venture into the production and sale of palm oil-based jet fuel. This strategic decision reflects Vibra Energia's commitment to expanding its involvement in sustainable energy solutions and further accelerating the transition towards greener alternatives in the aviation industry., July 2021: Agropalma announced a partnership with Ciranda. In partnership with Ciranda, Agropalma expanded its production of organic palm oil to meet growing demand. The companies announced that they would supply the organic food sector with the highest quality palm oils and shortening.. Key drivers for this market are: Rising Demand for Processed Foods, Strategic Initiatives by Companies Uplifting Market Growth. Potential restraints include: Availability of Substitute Products. Notable trends are: Rising Demand for Biofuels to Support the Market Growth.

Statistics illustrates consumption, production, prices, and trade of Palm Oil in Brazil from 2007 to 2024.