In 2024, the value of Indonesia's total palm oil exports amounted to around 22.9 billion U.S. dollars, a decrease compared to the previous year. Indonesia is the world's largest exporter of palm oil, followed by Malaysia.

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.

Palm Oil market will be growing at a CAGR of 4.88% during 2025 to 2033.

According to Cognitive Market Research, the global palm and palm kernel oil market size will be USD 15240.5 million in 2024. It will enlarge at a compound annual growth rate (CAGR) of 5% from 2024 to 2031.

North America held the majority market share for more than 40% of the global revenue with a market size of USD 6096.2 million in 2024 and will prosper at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4572.2 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3505.3 million in 2024 and will thrive at a compound annual growth rate (CAGR) of 7% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 762 million in 2024 and will flourish at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East & Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 304.8 million in 2024 and will heighten at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The refined type is the fastest-growing category of the palm and palm kernel oil industry.

Market Dynamics of Palm and Palm Kernel Oil Market

Key Drivers for Palm and Palm Kernel Oil Market

Rising Consumption of Palm Oil in Food Processing and Manufacturing to Promote Market Share

Palm oil is a highly versatile ingredient extensively used in food processing due to its stability, long shelf life, and cost-effectiveness. Its ability to remain stable at high temperatures makes it ideal for frying, and its semi-solid consistency at room temperature eliminates the need for hydrogenation, thus reducing trans fats. These qualities make palm oil a key ingredient in products such as margarine, baked goods, snacks, instant noodles, and ready-to-eat meals. In addition to its practical benefits, palm oil is also a more economical alternative to other vegetable oils, as it yields more oil per hectare compared to alternatives like soybean or sunflower. This makes it a preferred choice for large-scale food manufacturers aiming to keep costs low while maintaining the quality and consistency of their products. The neutral taste and versatile texture of palm oils enable it to be used in a wide range of products without altering the flavor profile, making it an essential ingredient in many processed foods.

Increased Use of Palm Oil for Biodiesel Production as a Renewable Energy Source to Drive Market Growth

Palm oil has emerged as a key feedstock for biodiesel production, which aligns with the global push for renewable energy solutions to combat climate change. Biodiesel derived from palm oil is renewable, biodegradable, and has a high energy output compared to other biofuels. Its production is particularly significant in countries like Indonesia and Malaysia, which account for the majority of global palm oil output. These countries have implemented government mandates and incentives to promote palm oil-based biodiesel, both for domestic use and export. The appeal of palm oil for biodiesel lies in its cost-effectiveness and high oil yield per hectare, which is considerably greater than that of alternative feedstocks like soy or rapeseed. As nations seek to reduce their reliance on fossil fuels and meet carbon reduction targets, biodiesel has become a critical component of energy strategies, especially in the transportation and industrial sectors.

Restraint Factor for the Palm and Palm Kernel Oil Market

Competition from Alternative Vegetable Oils like Soy and Sunflower Oil to Limit Market Size

The palm & palm kernel oil market faces significant competition from alternative vegetable oils, such as soy, sunflower, and canola oils. These oils are widely used in food processing, cosmetics, and industrial applications, and they offer alternatives to palm oil in many products. Some consumers view alternatives like sunflower or canola oil as healthier choices, as they tend to have lower saturated fat content compared to palm oil. This has led to a shift in consumer preferences, especially in markets where health-conscious buying trends are increasing. As the demand for plant-based products rises, manufacturers are increasingly exploring substitutes for palm oil in response to both health and environmental concerns. The increased availability an...

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.

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.

Thailand Total Sales: Volume: Refined Palm Oil data was reported at 48,995.398 Ton in Dec 2023. This records a decrease from the previous number of 62,184.452 Ton for Nov 2023. Thailand Total Sales: Volume: Refined Palm Oil data is updated monthly, averaging 50,424.785 Ton from Jan 2016 (Median) to Dec 2023, with 96 observations. The data reached an all-time high of 71,365.304 Ton in Aug 2022 and a record low of 31,953.815 Ton in Jan 2022. Thailand Total Sales: Volume: Refined Palm Oil data remains active status in CEIC and is reported by Office of Industrial Economics. The data is categorized under Global Database’s Thailand – Table TH.C020: Industrial Products Total Sales (ISIC Rev. 4).

As of September 2021, Benso Oil Palm Plantation generated revenue amounting to approximately ***** million Ghanaian cedis (GHS), roughly ***** million U.S. dollars. This comprised some ***** million GHS (**** million U.S. dollars) from crude palm oil sales, and *** million GHS (around ***** thousand U.S. dollars) from palm kernel oil sales. Moreover, except for 2018, income accumulated from the sale of palm oil increased between 2016 and 2020. Palm oil is largely consumed by people in Ghana.

Learn about the increasing demand for refined palm oil in the United States and how the market is expected to grow over the next decade, with a projected volume of 9.3M tons and a value of $11.9B by 2035.

Global Palm Products market size 2025 was XX Million. Palm Products Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Global Soy Oil And Palm Oil market size 2025 was XX Million. Soy Oil And Palm Oil Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

In 2016, the value amounted to four billion U.S. dollars and it is expected to rise to about 5.2 billion U.S. dollars by 2021.

The revenue of the crude palm oil market in Papua New Guinea amounted to $X in 2018, lowering by -X% against the previous year. In general, crude palm oil consumption continues to indicate a slight drop. The pace of growth appeared the most rapid in 2012 when the market value increased by X% y-o-y. Over the period under review, the crude palm oil market reached its peak figure level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Pakistan Federal Excise Duty: IG: R.B.D. Palm Oil data was reported at 178.540 PKR mn in 2016. This records a decrease from the previous number of 193.543 PKR mn for 2015. Pakistan Federal Excise Duty: IG: R.B.D. Palm Oil data is updated yearly, averaging 137.538 PKR mn from Jun 2002 (Median) to 2016, with 15 observations. The data reached an all-time high of 298.372 PKR mn in 2012 and a record low of 0.000 PKR mn in 2005. Pakistan Federal Excise Duty: IG: R.B.D. Palm Oil data remains active status in CEIC and is reported by Federal Board of Revenue. The data is categorized under Global Database’s Pakistan – Table PK.F011: Federal Government Tax Revenue: Excise Duty.

Thailand Export Sales: Volume: Refined Palm Oil data was reported at 6,087.446 Ton in Dec 2023. This records a decrease from the previous number of 12,660.393 Ton for Nov 2023. Thailand Export Sales: Volume: Refined Palm Oil data is updated monthly, averaging 4,715.157 Ton from Jan 2016 (Median) to Dec 2023, with 96 observations. The data reached an all-time high of 17,053.103 Ton in Oct 2023 and a record low of 1,326.870 Ton in Jan 2020. Thailand Export Sales: Volume: Refined Palm Oil data remains active status in CEIC and is reported by Office of Industrial Economics. The data is categorized under Global Database’s Thailand – Table TH.JA095: Industrial Products Export Sales (ISIC Rev. 4).

Thailand Export Sales: Volume: Raw Palm Oil data was reported at 28,653.360 Ton in Dec 2023. This records an increase from the previous number of 6,476.840 Ton for Nov 2023. Thailand Export Sales: Volume: Raw Palm Oil data is updated monthly, averaging 10,651.430 Ton from Jan 2016 (Median) to Dec 2023, with 96 observations. The data reached an all-time high of 159,805.260 Ton in Mar 2023 and a record low of 0.000 Ton in Jan 2022. Thailand Export Sales: Volume: Raw Palm Oil data remains active status in CEIC and is reported by Office of Industrial Economics. The data is categorized under Global Database’s Thailand – Table TH.JA095: Industrial Products Export Sales (ISIC Rev. 4).

Learn about the expected growth in the palm oil market over the next six years, driven by increasing global demand. Market volume is projected to reach 100 million tons and market value to hit $115.3 billion by 2030.

Learn about the expected growth of the crude palm oil market in Africa over the next decade, driven by increasing demand. Market performance is forecasted to expand with a CAGR of +1.6% in volume terms and +3.1% in value terms, reaching 5.6M tons and $6.5B respectively by the end of 2035.

The global market size of Soy Oil and Palm Oil is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Soy Oil and Palm Oil Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Soy Oil and Palm Oil industry. The key insights of the report:
1.The report provides key statistics on the market status of the Soy Oil and Palm Oil manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Soy Oil and Palm Oil industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Soy Oil and Palm Oil Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Soy Oil and Palm Oil as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Soy Oil and Palm Oil market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.