Palm Oil rose to 4,134 MYR/T on December 2, 2025, up 1.00% from the previous day. Over the past month, Palm Oil's price has risen 0.46%, but it is still 18.56% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil - values, historical data, forecasts and news - updated on December of 2025.

Oils Price Index in World increased to 169.40 Index Points in October from 167.90 Index Points in September of 2025. This dataset includes a chart with historical data for World Oils Price Index.

Indonesia Retail Price: Cooking Oil data was reported at 13,855.000 IDR/l in Jul 2019. This records a decrease from the previous number of 13,961.000 IDR/l for Jun 2019. Indonesia Retail Price: Cooking Oil data is updated monthly, averaging 13,045.000 IDR/l from Nov 2006 (Median) to Jul 2019, with 153 observations. The data reached an all-time high of 14,730.000 IDR/l in Mar 2017 and a record low of 7,525.000 IDR/l in Nov 2006. Indonesia Retail Price: Cooking Oil data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.PC001: Retail Price: By Major Commodities.

In Q3 2025, North America , the Soybean Oil Price Index rose by 8.9% quarter-over-quarter, in Q3 2025, supported by policy and demand. Check detailed insights for Europe, MEA, South America and APAC.

In 2023, the average retail price of cooking oil amounted to approximately **** Singapore dollars per two kilogram bottle, indicating a decrease compared to the previous year. The highest price per * kilogram bottle of cooking oil in Singapore in the last decade was recorded in 2022.

The price of Vegetable Oils in March 2023 was $1,644 per ton (CIF, Turkey), showing a decrease of 11.5% compared to the previous month.

Sunflower Oil rose to 1,426.40 INR/10 kg on December 2, 2025, up 0.68% from the previous day. Over the past month, Sunflower Oil's price has risen 0.79%, and is up 8.44% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Sunflower Oil.

In 2024, after four years of growth, there was significant decline in the Nigerien vegetable oils market, when its value decreased by -8.3% to $299M. Overall, the total consumption indicated a notable increase from 2012 to 2024: its value increased at an average annual rate of +2.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Switzerland Consumer Price Index (CPI): FB: Food: Oil and Greasy Substances: Margarine and Oil data was reported at 100.527 Dec2005=100 in Dec 2010. This records a decrease from the previous number of 104.770 Dec2005=100 for Nov 2010. Switzerland Consumer Price Index (CPI): FB: Food: Oil and Greasy Substances: Margarine and Oil data is updated monthly, averaging 99.353 Dec2005=100 from Dec 1982 (Median) to Dec 2010, with 337 observations. The data reached an all-time high of 108.553 Dec2005=100 in Jul 1985 and a record low of 95.123 Dec2005=100 in Nov 1995. Switzerland Consumer Price Index (CPI): FB: Food: Oil and Greasy Substances: Margarine and Oil data remains active status in CEIC and is reported by Swiss Federal Statistical Office. The data is categorized under Global Database’s Switzerland – Table CH.I006: Consumer Price Index: December 2005=100.

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Palm Oil Market Size 2025-2029

The palm oil market size is valued to increase USD 54.4 billion, at a CAGR of 9% from 2024 to 2029. Increasing consumer awareness regarding health benefits of palm oil will drive the palm oil market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 73% growth during the forecast period.
By Application - Edible oil segment was valued at USD 54.00 billion in 2023
By Type - Conventional segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 92.90 billion
Market Future Opportunities: USD 54.40 billion
CAGR : 9%
APAC: Largest market in 2023

Market Summary

The market encompasses the production, refining, and distribution of palm oil and its derivatives. This dynamic market is driven by the increasing demand for palm oil in core applications, such as food, cosmetics, and biodiesel. According to recent reports, the food industry accounts for approximately 65% of palm oil consumption, with the biodiesel sector emerging as a significant growth avenue. However, the market faces challenges from environmental concerns, particularly regarding deforestation and plant diversity losses. In 2020, it was estimated that around 10 million hectares of forest were lost due to palm oil cultivation. Despite these challenges, opportunities for sustainable production and innovative technologies continue to unfold, ensuring the market remains a vital and evolving sector in the global economy.

What will be the Size of the Palm Oil Market during the forecast period?

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How is the Palm Oil Market Segmented and what are the key trends of market segmentation?

The palm oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Edible oil
  Surfactants
  Bio-diesel
  Others


Type

  Conventional
  Organic


Geography

  Europe

    Germany
    UK


  Middle East and Africa

    Qatar
    UAE


  APAC

    China
    India
    Indonesia
    Malaysia
    Pakistan


  Rest of World (ROW)

By Application Insights

The edible oil segment is estimated to witness significant growth during the forecast period.

Palm oil, a widely used edible oil, holds significant importance in various industries, particularly in Asia. Approximately 45% of global palm oil production is attributed to palm fruit oil, primarily used in food processing due to its lower trans fat content and cost-effectiveness. Palm kernel oil, the other form, accounts for around 25% of the production. The food sector's reliance on palm oil is increasing, with an estimated 67% of its usage in food manufacturing. Moreover, the environmental impact of palm oil production is a growing concern. To address this, initiatives focusing on deforestation monitoring, water use efficiency, extraction rate optimization, and carbon footprint reduction are gaining traction.

The industry is also investing in soil nutrient management, palm oil byproducts utilization, and traceability systems to enhance supply chain transparency. The market's future growth is promising, with an anticipated 20% increase in demand for palm oil byproducts in the next five years. Additionally, there is a rising trend towards sustainable palm oil production, with RSPO certification becoming increasingly common. Oil palm cultivation is also evolving, with the adoption of high-yielding varieties, integrated pest management, and oil palm genetics. In terms of production processes, improvements in palm oil fractionation, fertilizer application techniques, biodiesel production, and irrigation efficiency are essential for maintaining competitiveness.

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The Edible oil segment was valued at USD 54.00 billion in 2019 and showed a gradual increase during the forecast period.

Furthermore, biomass utilization and palm oil refining are being explored to minimize waste and optimize resource utilization. Smallholder farmers are also receiving support to improve their productivity and sustainability through various initiatives. These efforts aim to ensure the long-term viability of the palm oil industry while minimizing its environmental impact.

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Regional Analysis

APAC is estimated to contribute 73% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Palm Oil Market Demand is Rising in APAC Request Free Sample

The market in the Asia Pacific (APAC) region experiences significant growth, driven by the expanding economies of China, Australia, Thailand, South Ko

China Agricultural Product Price Index: Retail: Edible Oil: Peanut Oil data was reported at 100.000 Prev Week=100 in 03 May 2020. This records a decrease from the previous number of 100.100 Prev Week=100 for 26 Apr 2020. China Agricultural Product Price Index: Retail: Edible Oil: Peanut Oil data is updated daily, averaging 100.000 Prev Week=100 from Sep 2009 (Median) to 03 May 2020, with 551 observations. The data reached an all-time high of 101.100 Prev Week=100 in 17 Jul 2011 and a record low of 99.000 Prev Week=100 in 13 Sep 2009. China Agricultural Product Price Index: Retail: Edible Oil: Peanut Oil data remains active status in CEIC and is reported by Ministry of Commerce. The data is categorized under China Premium Database’s Inflation – Table CN.IC: Agricultural Product Price Index: Weekly.

This statistic depicts the average monthly prices for palm oil worldwide from January 2014 through October 2025. In October 2025, the average monthly price for palm oil worldwide stood at ******** nominal U.S. dollars per metric ton.

According to Cognitive Market Research, the global Used Cooking Oil market size is USD 5226.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.60 % from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 2090.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1567.86 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1202.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 261.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 104.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
The Food Manufacturer held the highest Used Cooking Oil market revenue share in 2024.

Market Dynamics of Used Cooking Oil Market

Key Drivers of Used Cooking Oil Market

Increasing Demand for Biodiesel to Increase the Demand Globally

Reducing dependency on fossil fuels and growing concerns about environmental sustainability are driving up demand for biodiesel made from leftover cooking oil (UCO). When compared to conventional diesel, biodiesel burns cleaner and reduces greenhouse gas emissions and air pollution. By reusing a byproduct, using UCO for biodiesel production promotes a circular economy in addition to providing an environmentally acceptable method of disposing of waste. As governments and businesses throughout the world place increasing emphasis on renewable energy sources, UCO's biodiesel stands out as a sustainable and practical choice that supports international efforts to mitigate climate change and encourage environmental preservation.

Waste Management Needs to Propel Market Growth

The market for used cooking oil (UCO) is driven by the need for efficient waste management solutions. Used cooking oil is a substantial waste product that can contaminate land and water and cause other environmental problems if it is not disposed of appropriately. But the UCO market offers an alternative by turning this garbage into a useful resource and encouraging ethical waste disposal methods. In addition to reducing environmental hazards, the market helps promote sustainable resource use and the circular economy by recycling UCO into biodiesel and other goods. This program encourages waste management that is more ecologically conscientious, supporting worldwide efforts to lessen pollution and advance sustainability.

Restraint Factors Of Used Cooking Oil Market

Stringent Regulations to Limit the Sales

The sector has obstacles due to strict rules governing the collection, transportation, and processing of used cooking oil (UCO), which vary widely by area and level of complexity. It is possible to encourage market participation and optimize UCO processing operations by streamlining these restrictions and providing clear guidance. Standardized and unambiguous standards promote investment in UCO recycling infrastructure while also making compliance easier. Policymakers may encourage sustainable behaviors, raise UCO recycling rates, and eventually aid in environmental conservation efforts by lowering waste and encouraging the use of renewable energy sources like biodiesel by establishing more hospitable regulatory environments.

Impact of Covid-19 on the Used Cooking Oil Market

The market for used cooking oil (UCO) has been affected by the COVID-19 epidemic in a variety of ways. On the one hand, because fewer meals were made in commercial kitchens during lockdowns and restaurant closures, there was a decrease in UCO generation. In certain areas, this led to a brief surplus of UCO. However, the pandemic may have increased domestic cooking oil use due to the increased demand for packaged and processed foods, which could somewhat offset the drop in commercial UCO production. Furthermore, UCO collection and processing activities may have been impacted by supply chain and logistics interruptions, creating issues with market stability. Introduction of the Used Cooking Oil Market&n...

In March 2025, the average vegetable oils export price amounted to $1,881 per ton, with a decrease of -18.5% against the previous month.

Singapore Retail Prices: Cooking Oil (Per 2 Kilogram) data was reported at 6.370 SGD/2 kg in Dec 2024. This records a decrease from the previous number of 6.400 SGD/2 kg for Nov 2024. Singapore Retail Prices: Cooking Oil (Per 2 Kilogram) data is updated monthly, averaging 6.050 SGD/2 kg from Jan 2010 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 7.550 SGD/2 kg in Oct 2022 and a record low of 5.390 SGD/2 kg in Aug 2010. Singapore Retail Prices: Cooking Oil (Per 2 Kilogram) data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.P002: Average Retail Prices: 2019=100.

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The used cooking oil (UCO) market share is expected to increase by 2049.00 thousand tons from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.85%.

This used cooking oil market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers used cooking oil market segmentation by application (biodiesel, oleo chemicals, animal feed, and others) and geography (Europe, North America, APAC, MEA, and South America). The used cooking oil market report also offers information on several market vendors, including Arrow Oils Ltd, Baker Commodities Inc., Brocklesby Ltd., Grand Natural Inc., GREASECYCLE, Olleco, Oz Oils Pty Ltd., Quatra, Valley Proteins Inc., and Waste Oil Recyclers among others.

What will the Used Cooking Oil Market Size be During the Forecast Period?

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Used Cooking Oil Market: Key Drivers and Challenges

The increasing demand for biofuels is notably driving the UCO market growth, although factors such as distribution challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the used cooking oil industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Used Cooking Oil Market Driver

The demand for biofuels is increasing in response to worries concerning the exhausting stock of fuels. The demand for biofuels made up of food crops such as palm and rapeseed oil has increased in the past few years. Domestic biofuels provide a strategic opportunity to countries such as India, as they reduce the nation's dependence on imported fossil fuels. In addition, when utilized with appropriate care, biofuels can be environmentally friendly, sustainable energy sources. Thus, biofuels are expected to grow profitably during the forecast period. This is expected to be a result of the increasing demand for biofuels in all regions. Biodiesel has gained popularity with consumers as an efficient substitute for diesel over the past few years. Several rules and mandates that have been implemented in various countries are projected to influence the market's end-user trend, in the long run. These factors will fuel the demand for used cooking oil during the forecast period

Key Used Cooking Oil Market Challenge

Retail stores such as supermarkets, hypermarkets, and large chains of discount or convenience stores have become important distribution modes for manufacturers and vendors of used cooking oil. However, this presents some serious challenges for manufacturers. Manufacturers are under significant pressure regarding the prices and margins of organic edible products, as retail stores operate at a lower profit margin. Retailers demand manufacturers make frequent and smaller product deliveries for reduced warehousing costs. Retailers also expect manufacturers to come up with innovative merchandising units such as movable shelves, which can be rolled when fully stocked, to reduce the replenishment cost of the store. Moreover, retailers want to avoid any decline in revenues by fulfilling the gaps in the inventory that arise when there is a shortage of supply from the vendors. This means that a retailer will not hesitate to go to other vendors if a particular manufacturer is not able to supply an adequate amount of goods. Channel shifts by consumers have also forced manufacturers to develop new skills in category management. Such distribution challenges may impede the growth of the used cooking oil market during the forecast period.

This used cooking oil market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Used Cooking Oil Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

Arrow Oils Ltd
Baker Commodities Inc.
Brocklesby Ltd.
Grand Natural Inc.
GREASECYCLE
Olleco
Oz Oils Pty Ltd.
Quatra
Valley Proteins Inc.
Waste Oil Recyclers

This statistical study of the used cooking oil market encompasses successful business strategies deployed by the key vendors. The UCO market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaini

The FAO vegetable oil Price Index* reached 178.32 index points in June of 2008 during the financial crisis. During the pandemic, the price index rose to 184.56 points in October of 2021. After the start of the war in Ukraine, the index jumped to over 251 points in March of 2022. As of September 2025, the index had slightly declined to 167.9 points. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page. For further information about the Russian invasion of Ukraine, please visit our dedicated page on the topic.

The Olive Oil Marketsize was valued at USD 14.64 USD Billion in 2023 and is projected to reach USD 18.53 USD Billion by 2032, exhibiting a CAGR of 3.42 % during the forecast period. Recent developments include: July 2022 - Spanish company Genosa announced the launch of olive oil with soluble phenol-rich hydroxytyrosol, which offers several health benefits and numerous application possibilities , June 2022 - Certified Origins, a European-based company specializing in fresh and authentic extra virgin olive oils (Evoos), launched multiple carbon-neutral Italian Evoos under its flagship brand Bellucci. The company's mission is to bring good and healthy foods to the world and sources this premium Italian Evoo from Tuscany, Apulia, and Sicily exclusively for international markets., February 2022 – Curation Foods, Inc., under its brand Olive Oil & Vinegars, launched a batch of Olio Nuovo Extra Virgin Olive Oil, which is a seasonal oil that has a fresh and robust flavor., June 2021 - Pietro Coricelli, an Umbrian olive fruit oil producer and one of the largest and most widely distributed olive fruit oil brands, announced to would join IBM Food Trust to use blockchain technology to trace its extra-virgin olive fruit oil., January 2021 – Del Monte Foods, Inc., in India, launched one-liter olive fruit oil pouches at competitive price for making healthy edible oil affordable.. Key drivers for this market are: Increasing Awareness of the Product’s Health Benefits to Fuel Market Performance. Potential restraints include: Presence of Low-cost Edible Oil Counterparts in the Market to Slow Down Market Performance . Notable trends are: Increasing Incorporation of Nutrient-rich Oils in Diets to Reduce the Risk of Certain Health Conditions.

The FAO Food Price Index (FFPI) averaged 128.8 points in September 2025. This represents an increase of 3.4 percent compared to the same month of the previous year. Food prices worldwide Some food commodities have been hit harder than others in the past years. Global dairy, meat, and vegetable oil prices were on an upward trajectory in the first half of 2025. Regionally, the European Union (EU) and the UK have experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, yet has picked up again in 2025 in line with the global trend. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, Romania, and Estonia as of April 2025.

India Wholesale Price Index: 82p: Average: Manufactured Products: Food: Edible Oils: Solvent Extracted Groundnut Oil data was reported at 312.400 1981-1982=100 in Mar 2000. This records a decrease from the previous number of 312.500 1981-1982=100 for Feb 2000. India Wholesale Price Index: 82p: Average: Manufactured Products: Food: Edible Oils: Solvent Extracted Groundnut Oil data is updated monthly, averaging 234.200 1981-1982=100 from Apr 1982 (Median) to Mar 2000, with 216 observations. The data reached an all-time high of 441.700 1981-1982=100 in Sep 1998 and a record low of 93.900 1981-1982=100 in Feb 1983. India Wholesale Price Index: 82p: Average: Manufactured Products: Food: Edible Oils: Solvent Extracted Groundnut Oil data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Inflation – Table IN.IH130: Wholesale Price Index: 1981-82=100: Manufactured Products: Food. Rebased from 1981-82=100 to 1993-94=100. Replacement series ID: 19633601