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.

India's refined palm oil price sees a slight increase, now at $997 per ton. Stay updated on the latest commodity market trends with our comprehensive news coverage.

In July 2022, the crude palm oil price per ton stood at $1.5K (CIF, India), reducing by -14% against the previous month.

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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.

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

In June 2023, Palm Oil was priced at $938 per ton (CIF, India), showing a decline of -7.9% compared to the previous month.

Global Palm Oil Market Overview - 2018: The global palm oil market increased from 50.0M tons in 2007 to 59.9M tons in 2016, expanding with an annual average growth rate of +4.3% per year over that period.

In September 2022, the refined palm oil price amounted to $1,055 per ton (CIF, India), dropping by -10.1% against 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.

During the review period, imports of Refined Palm Oil peaked at 3.1M tons in 2019, but slightly decreased from 2020 to 2024. In terms of value, refined palm oil imports saw a modest increase to $2.2B in 2024.

In Q3 2025, North America, the Palm Kernel Oil Price Index rose by 1.69% quarter-over-quarter, driven by tighter supplies. Check detailed insights for Europe and APAC.

While Indonesia plans to expand the production and struggles with the EU ban on using palm oil as a biofuel, Malaysia faces an acute shortage of workers due to the guest workers outflow after the pandemic. Despite the problems in these two countries producing 85% of the total palm oil, the global demand remains due to the main importers, China and India.

Imports of Refined Palm Oil reached a peak of 3.1M tons in 2019, but declined to a lower figure from 2020 to 2023. In terms of value, imports decreased significantly to $2.1B in 2023.

In July 2023, the price of Palm Kernel Oil was $987 per ton (CIF, India), showing a decrease of 12.2% compared to the previous month.

Asia-Pacific's refined palm oil market is forecast to reach 41M tons ($51.4B) by 2035. This analysis covers 2024 consumption, production, trade trends, and key country-level insights for China, India, Indonesia, and Malaysia.

Analysis of the Asia-Pacific palm oil market, including consumption, production, import, and export trends from 2013-2024, with a forecast to 2035. Covers key countries like Indonesia, India, and Malaysia.

Global palm oil market analysis for 2024-2035: consumption to reach 107M tons, market value to hit $121.7B, with Indonesia dominating production and India leading imports. Key trends in trade, prices, and regional dynamics.

Global crude palm oil market analysis for 2024-2035: consumption to reach 93M tons, market value to hit $95.7B, with Indonesia dominating production and India leading imports. Key trends in production, trade, and pricing.

Analysis of Asia-Pacific's crude palm oil market from 2024-2035, covering consumption trends, production data, import-export statistics, and country-level insights for Indonesia, Malaysia, India and other key markets.