Palm Oil rose to 4,175 MYR/T on July 11, 2025, up 0.68% from the previous day. Over the past month, Palm Oil's price has risen 8.72%, and is up 6.67% compared to the same time last year, 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 July of 2025.

Graph and download economic data for Global price of Palm Oil (PPOILUSDM) from Jan 1990 to May 2025 about oil, World, food, and price.

Get the latest insights on price movement and trend analysis of Crude Palm Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The Palm Oil Market report segments the industry into Product Type (Palm Kernel Oil, Crude Palm Oil, Others), Nature (Conventional, Organic), Application (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, Biofuels, Others), and Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa). Includes historical data and five-year forecasts.

Palm Oil Market Outlook

According to our latest research, the global palm oil market size in 2024 stands at USD 66.8 billion, registering a robust annual growth trajectory. The market is exhibiting a strong compound annual growth rate (CAGR) of 5.2% from 2025 to 2033, driven primarily by surging demand from the food and beverage sector, increasing biofuel production, and expanding applications in the personal care industry. By 2033, the palm oil market is forecasted to reach a valuation of USD 105.4 billion, highlighting its position as one of the most dynamic and influential segments within the global edible oils industry. As per our latest research, the market is being propelled by both supply-side expansions in Southeast Asia and demand-side innovations in value-added palm oil derivatives across multiple end-use industries.

One of the most significant growth factors for the palm oil market is its unparalleled versatility and cost-effectiveness compared to other vegetable oils. Palm oil’s unique composition, high yield per hectare, and relatively low production costs have made it the preferred choice for food manufacturers, especially in developing economies where affordability is paramount. The global population’s increasing reliance on processed and packaged foods, where palm oil is a key ingredient due to its stability and texture-enhancing properties, continues to drive robust demand. Additionally, the shift towards plant-based diets and the growing consumer preference for trans-fat-free products have further cemented palm oil’s status as a staple in the global food industry. These factors collectively ensure a steady and resilient demand base, even as the market navigates sustainability and regulatory challenges.

Another pivotal growth driver is the expanding use of palm oil in non-food applications, particularly in the biofuel and personal care sectors. Governments worldwide are implementing policies to promote renewable energy sources, and palm oil-based biodiesel is gaining traction as a viable alternative to fossil fuels. The European Union and several Asian countries have introduced blending mandates that require a certain percentage of biofuel in transportation fuels, which has significantly boosted palm oil consumption for energy purposes. In parallel, the cosmetics and personal care industry is increasingly utilizing palm oil and its derivatives for their emollient and moisturizing properties, spurred by rising disposable incomes and heightened awareness of personal grooming. These trends are expected to accelerate, supported by ongoing research into sustainable palm oil production and certification schemes that enhance traceability and consumer confidence.

Sustainability and traceability initiatives are also reshaping the palm oil market landscape, fostering growth by addressing consumer and regulatory concerns around deforestation, biodiversity loss, and labor practices. The adoption of certification programs such as the Roundtable on Sustainable Palm Oil (RSPO) and the Indonesian Sustainable Palm Oil (ISPO) standard is gaining momentum, with major producers and buyers committing to sourcing only certified sustainable palm oil. This transition is being driven by both legislative measures in key import markets and heightened corporate social responsibility commitments among global retailers and manufacturers. As these initiatives become more entrenched, they are expected to unlock new market opportunities, particularly in premium product segments and environmentally conscious consumer demographics, further bolstering the long-term growth prospects of the palm oil market.

Regionally, Asia Pacific continues to dominate the palm oil market, accounting for over 59% of the global consumption in 2024. Indonesia and Malaysia remain the world’s largest producers, collectively supplying more than 85% of global output. The region’s burgeoning food processing industry, rapid urbanization, and expanding middle-class population are key demand drivers. Meanwhile, North America and Europe are witnessing steady growth, underpinned by rising demand for sustainable and certified palm oil in food, cosmetics, and biofuel applications. Latin America and Africa are emerging as important production hubs, with increasing investments in sustainable cultivation practices and processing infrastructure. These regional trends underscore the global interconnectedness of the palm oil market and the pivotal role of cross-border trade and re

The global palm oil market was valued at USD 63.65 billion in 2021 and is expected to grow at a CAGR of 5.0% during the forecast period.

Global Palm Oil market size is expected to reach $85.47 billion by 2029 at 5%, increasing demand from the biofuel industry fuels the palm oil market growth

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Palm Oil Market Size 2025-2029

The palm oil market size is forecast to increase by USD 54.4 billion, at a CAGR of 9% between 2024 and 2029.

The Palm Oil Market is segmented by application (edible oil, surfactants, bio-diesel, others), type (conventional, organic), and geography (Europe: Germany, UK; Middle East and Africa: Qatar, UAE; APAC: China, India, Indonesia, Malaysia, Pakistan; Rest of World). This segmentation reflects the market's growth, driven by high demand for edible oil and bio-diesel applications, with conventional palm oil dominating and significant production and export contributions from Indonesia and Malaysia in the APAC region.
The market is driven by the increasing consumer awareness towards the health benefits associated with palm oil. This trend is fueled by the growing recognition of palm oil's role in various food products and its nutritional properties. Key end-use sectors include instant noodles, cereals, candles, shampoos, detergents, and biofuel production. A new growth avenue for palm oil is emerging in the biodiesel sector, as governments and industries seek sustainable alternatives to fossil fuels. However, this market faces significant challenges. Deforestation and plant diversity losses remain pressing concerns, with negative environmental impacts threatening the industry's reputation and long-term sustainability.
Companies must navigate these challenges by implementing responsible sourcing practices and investing in sustainable production methods to meet evolving consumer demands and regulatory requirements. By focusing on these strategic priorities, players in the market can capitalize on emerging opportunities while mitigating risks and ensuring long-term growth.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Palm oil, derived from the fruit of the oil palm tree, continues to be a dynamic and evolving market due to its diverse applications across various sectors. Crude palm oil serves as a primary ingredient in food processing, cosmetics, and biodiesel production. The ongoing development of palm oil technology advances the industry's efficiency and sustainability, with innovations in refining processes, palm oil mill operations, and transportation methods. Sustainability remains a significant focus, as concerns over greenhouse gas emissions and land use change persist. Regulations and certifications, such as the Roundtable on Sustainable Palm Oil (RSPO), aim to promote sustainable practices in palm oil production.

These efforts extend to the supply chain, with increasing emphasis on transparency and responsible sourcing. Palm oil byproducts, including palm oil biogas and biofertilizer, offer additional value to the industry. The versatility of palm oil extends to the creation of palm oil biofuel, contributing to the energy sector. The continuous unfolding of market activities reveals the potential for further growth and innovation, as the industry adapts to evolving consumer demands and regulatory requirements. Forest conservation and the reduction of deforestation are essential considerations for the palm oil sector. The industry's impact on greenhouse gas emissions and land use change necessitates ongoing efforts to minimize environmental harm while maintaining economic viability.

The palm oil futures market reflects the industry's volatility and the importance of effective price risk management for investors. In the realm of palm oil plantations, advancements in technology and sustainable practices are essential to maintaining profitability and addressing environmental concerns. The palm oil mill sector continues to optimize processes, while transportation methods evolve to ensure efficient and cost-effective delivery of crude palm oil and its derivatives. Refined palm oil and its derivatives, such as palm kernel oil, are integral components of numerous industries, from food and beverage to cosmetics and biofuels. As the market continues to evolve, investment opportunities arise in various sectors, from technology and production to trading and logistics.

The dynamic nature of the market ensures a constant flow of innovation and growth.

How is this Palm Oil Industry segmented?

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

The global palm oil market is expected to grow from USD 76.8 billion in 2025 to USD 119.1 billion by 2035, reflecting a CAGR of 4.5%.

Attributes	Description
Estimated Market Size (2025E)	USD 76.8 billion
Projected Market Value (2035F)	USD 119.1 billion
Value-based CAGR (2025 to 2035)	4.5%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	4.2%
H2 (2024 to 2034)	4.3%
H1 (2025 to 2035)	4.3%
H2 (2025 to 2035)	4.5%

Country-Wise Insights

Countries	CAGR 2025 to 2035
USA	4.5%
Germany	5.0%
China	3.4%
Japan	3.7%
India	4.0%

The global palm oil market size is expected to reach USD 96.95 billion by 2030, according to a new study by Polaris Market Research.

Graph and download economic data for Global price of Palm Oil (PPOILUSDQ) from Q1 1990 to Q1 2025 about oil, World, food, and price.

This statistic depicts the average annual prices for palm oil from 2014 through 2026*. In 2023, the average price for palm oil stood at 886 nominal U.S. dollars per metric ton.

Global Palm Oil Market is projected to reach USD 98.7 Billion by 2034, with a 4.3% CAGR from 2025 to 2034.

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Sustainable Palm Oil Market Size 2025-2029

The sustainable palm oil market size is forecast to increase by USD 2.54 billion, at a CAGR of 4.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for trans-fat-free products among health-conscious consumers. This trend is leading to a rise in the adoption of sustainable palm oil as a viable alternative to its traditional counterpart. Furthermore, advancements in sustainable cultivation methods are making palm oil production more environmentally friendly, addressing concerns over deforestation and carbon emissions. However, the market faces challenges, including the rising availability of substitutes such as soybean and sunflower oils.
Sustainable palm oil's growing popularity presents a significant market potential for businesses committed to producing and supplying eco-friendly products, while navigating the challenges posed by substitutes and evolving consumer preferences. However, the market faces challenges, including the rising availability of substitutes for sustainable palm oil, such as soybean and sunflower oils. Companies seeking to capitalize on this market's opportunities must stay abreast of these trends and address the challenges effectively through innovation, strategic partnerships, and sustainable business practices.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by dynamic market forces and shifting industry trends. The complex interplay of carbon emissions, processing technologies, and palm oil derivatives drives innovation in areas such as carbon offsets and renewable energy targets. Palm kernel shells and fiber waste are increasingly being repurposed for biodiesel production and biogas generation, reducing the environmental footprint of palm oil production. Sustainability certifications, such as those focusing on sustainable agricultural practices and peatland protection, are gaining traction. Animal feed and food applications remain significant sectors, with a growing emphasis on traceability systems and supply chain transparency. Palm kernel oil, fresh fruit bunches, and crude palm oil are integral components of this evolving landscape.

Land use change, disease control, and pest management are ongoing concerns, with a focus on sustainable sourcing and brand image. The food industry's increasing demand for sustainable palm oil drives the adoption of segregated palm oil and renewable energy in palm oil mills. Storage facilities and transportation logistics are optimized to minimize water usage and waste. Sustainable agriculture, social impact assessments, and community engagement are essential elements of the circular economy. Renewable energy, biogas generation, and wastewater treatment are integrated into palm oil mill operations to minimize carbon emissions and reduce the environmental footprint. The market's continuous dynamism underscores the importance of ongoing monitoring systems for labor practices, biodiversity conservation, and deforestation monitoring.

How is this Sustainable Palm Oil Industry segmented?

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

Type

  Edible oil
  Surfactants
  Biofuels
  Others


Distribution Channel

  Offline
  Online


End-user

  Household
  Commercial
  Industrial


Geography

  North America

    US


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Indonesia
    Malaysia
    Pakistan


  Rest of World (ROW)

By Type Insights

The edible oil segment is estimated to witness significant growth during the forecast period. Sustainable palm oil production is gaining momentum in the edible oil market due to rising consumer awareness and preference for environmentally responsible and ethically sourced ingredients. This shift is driven by the increasing recognition of the environmental and social issues linked to traditional palm oil production methods. The focus on sustainable practices encompasses various aspects, such as the use of advanced processing technologies, carbon emissions reduction, fair wages for laborers, and effective fiber waste management. Water usage is minimized through recycling processes, while biodiesel production from palm kernel shells contributes to renewable energy targets. Harvesting methods prioritize supply chain transparency and disease control, ensuring the health of oil palm trees and the protection of biodiversity.

Sustainable agricultural practices, including p

As per Cognitive Market Research's latest published report, the Global Palm Oil Fatty Acid Products market size will be $9,107.05 Million by 2028. Palm Oil Fatty Acid Products Industry's Compound Annual Growth Rate will be 4.36% from 2023 to 2030.

The North America Palm Oil Fatty Acid Products market size will be USD 1,334.18 Million by2029.

Factors Affecting the Palm Oil Fatty Acid Products Market

Rising cosmetic and personal care industry

The rising adoption of cosmetic and personal care products is one of the factors, which are expected to contribute to the rising demand for palm oil fatty acid products, which is projected to accelerate the growth of the market.

The personal care industry encompasses a wide array of products, including fragrances, makeup, hair care, coloring products, sunscreen, and products for bathing. This can be attributed to higher consumer spending power, new products, better consumer awareness, advertising, and lifestyle changes.

According to the research, the revenue in the beauty & personal care market amounts to USD 503,589 million in 2021. The rise in awareness among consumers of several cosmetic products is expected to drive the growth of the market.

Palm oil fatty acid product finds their application in the manufacturing of several cosmetic and personal care products, which is driving the growth of the market, in the estimated forecast period.

Palm oil is extracted from the palm fruit, whereas palmist oil is extracted from the kernel. Palm oil and its derivatives are utilized in cosmetics for their unique natural cosmetic qualities such as moisturizing, foaming, softening and solubilizing, texturizing, and many more.

More than 70% of cosmetic products include palm oil and its derivatives, which give many advantages in complete goods such as skin hydration, foaming, softening, and texturizing. It is also a necessary building ingredient in the synthesis of over 1,000 synthetic chemicals through chemical processes. Chemical names such as cetyl palmitate, stearic acid, and palmityl alcohol are used to identify them (cetyl alcohol).

Lipstick, for example, is made up of wax, oil, alcohol, and pigments (colorants). It may also contain palm oil-derived glycerin, glyceryl stearate, caprylic/capric triglyceride, isopropyl myristate, dodecyl myristate, and cetyl alcohol. These substances keep color well, do not melt at high temperatures, apply smoothly, are odorless, and have moisturizing characteristics.

Thus, the rising cosmetic and personal care industry drives the growth of the palm oil fatty acid products market. Introduction of Palm Oil Fatty Acid Products

Palm oil is a kind of edible vegetable oil derived from the fruit of oil palm plants. The oil is used in the production of food, cosmetics, and biofuel. Palm oil fatty acid products are currently one of the world's least expensive and most popular products, accounting for one-third of total plant oil output.

The fatty acid product of palm oil can withstand high temperatures and is mostly used for frying. Palm oil is one of the few vegetable oils with a reasonably high saturated fat content (such as coconut oil). It operates similarly to essential fatty acid-rich oils such as maize, sunflower, soybean, and rapeseed.

Palm oil fatty acid product is an incredibly flexible oil with a wide range of characteristics and functions, making it extremely valuable and frequently utilized. It is semi-solid at room temperature, which allows it to keep spread spreadable. Because it is resistant to oxidation, it can extend the shelf life of items. Because palm oil is stable at high temperatures, it contributes to the crispy and crunchy texture of fried foods. Palm oil is commonly used as a cooking oil in many nations. As a result, the demand for palm oil has been significantly increasing.

This statistic depicts the estimated market share of palm oil in the United States in 2016 and 2025, by application. In 2016, the cosmetic segment held about 5.4 percent of the U.S. palm oil market share.

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

The Colombia palm oil market attained a volume of 1.81 MMT in 2024. The industry is expected to grow at a CAGR of 1.70% during the forecast period of 2025-2034 to attain a volume of 2.14 MMT by 2034.

In 2023, domestic market sales accounted for ** percent of the total sales of palm oil in Colombia, while the export markets accounted for ** percent. Edible oils and fats accounted for almost half of the total sales of palm oil in the country that year. That year, the crude palm oil production value reached over *** million metric tons, and the area of oil palm cultivated surpassed *** thousand hectares.

The global Palm Oil market stood at approximately 78 million tonnes in 2024 and is anticipated to grow at a CAGR of 5.11% during the forecast period until 2035. Indonesia and Malaysia are the largest producers and suppliers of Palm Oil across the globe.