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

Palm Oil fell to 4,251 MYR/T on August 1, 2025, down 0.61% from the previous day. Over the past month, Palm Oil's price has risen 4.63%, and is up 8.53% 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 August of 2025.

Why did the Palm Oil Price Change in July 2025? Palm oil spot prices in North America experienced a generally stable to slightly downward trend during Q2 2025, with an average charge of approximately -3.61%.

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

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

This statistic depicts the average annual prices for palm oil from 2014 through 2026*. In 2024, the average price for palm oil stood at 963 nominal U.S. dollars per metric ton.

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

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

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

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

Why did the Palm Kernel Oil Price Change in July 2025? Palm Kernel Oil spot price trends in North America showed an overall downward trajectory in Q2 2025, with an average quarter-over-quarter price decline of approximately 7.8%, ending June near USD 1695/MT.

The global crude palm oil market reached $73.5B in 2024, increasing by 5.4% against the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2024: its value increased at an average annual rate of +3.4% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -8.2% against 2022 indices.

Palm Stearin Market Outlook

The global palm stearin market size was valued at approximately USD 2.5 billion in 2023 and is anticipated to reach USD 4.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.1% during the forecast period. The significant growth factor driving this market is the increasing demand for sustainable and cost-effective raw materials in various industries, coupled with the expanding use of palm stearin in diverse applications due to its functional properties. With its rising popularity in sectors ranging from food production to industrial applications, palm stearin is becoming an essential component in global supply chains.

One of the primary growth factors for the palm stearin market is its widespread application in the food and beverage industry as a cost-effective alternative to traditional oils and fats. Palm stearin, being a by-product of palm oil, is economically attractive for food manufacturers looking to reduce production costs while maintaining quality. Its ability to enhance the texture and stability of food products, such as margarine and shortening, makes it a favored ingredient in the industry. Additionally, the rise in global population and urbanization is leading to an increase in processed food consumption, further propelling the demand for palm stearin.

Another significant driver of the palm stearin market is its burgeoning use in the biodiesel industry. As the world increasingly shifts towards sustainable energy solutions to combat climate change, biodiesel emerges as a viable alternative to fossil fuels. Palm stearin, with its high stearic acid content, is an excellent feedstock for biodiesel production. Governments and industries worldwide are investing in biodiesel production capacities, motivated by stringent emission regulations and a push for renewable energy sources. This trend is expected to continue, providing a robust avenue for the growth of the palm stearin market.

The personal care and cosmetics industry also plays a crucial role in the growth of the palm stearin market. With consumers becoming increasingly conscious of the environmental impact of their purchasing choices, there is a surge in demand for natural and sustainable ingredients in personal care products. Palm stearin fits well within this trend due to its natural origin and versatile properties, such as moisturizing effects and texture enhancement capabilities. Its application ranges from soaps and lotions to candles, and as this industry continues to expand, so does the demand for palm stearin.

Stearin Sales have become a pivotal aspect of the palm stearin market, reflecting the growing demand across various industries. As the market expands, companies are increasingly focusing on optimizing their stearin sales strategies to capture a larger share of the market. This involves not only enhancing the quality and functionality of palm stearin products but also diversifying their applications to meet the evolving needs of consumers. By leveraging advanced marketing techniques and establishing strong distribution networks, businesses aim to boost their stearin sales, thereby contributing to the overall growth and profitability of the market. The emphasis on sustainable and eco-friendly products further amplifies the appeal of palm stearin, positioning it as a preferred choice among environmentally conscious consumers.

Regionally, Asia Pacific stands out as a significant contributor to the palm stearin market's growth. The region's dominance is attributed to its massive palm oil production, especially in countries like Indonesia and Malaysia, which are the world's leading palm oil producers. The availability of raw materials, coupled with the region's rapid industrialization and urbanization, fuels demand for palm stearin across various sectors. Additionally, initiatives aimed at promoting the use of sustainable and renewable resources in these countries further bolster market growth. Meanwhile, North America and Europe are witnessing moderate growth due to increasing awareness of sustainable practices and regulatory support for bio-based products.

Product Type Analysis

The palm stearin market is segmented into two primary product types: edible palm stearin and industrial palm stearin. Edible palm stearin finds extensive use in the food industry, largely due to its solid fat content and utility in products that require stability and texture enhancement. This segment is particularly crucial for the p

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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)

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

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

According to Cognitive Market Research, the global stearin market size will be USD 105.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 30.4% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 42.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.6% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 31.7 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 24.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.4% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 5.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.8% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2.1 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.1% from 2024 to 2031.
The pharmaceuticals end-user category held the highest global stearin market revenue share in 2024.

Market Dynamics of Stearin Market

Key Drivers for Stearin Market

Growing Consumer Preferences for Packaged and Processed Foods to Increase Demand

The increasing demand for processed and packaged foods is a major driver of the stearin market revenue. This growth is attributed to changing lifestyles, urbanization, and the convenience of ready-to-eat food products. Stearin, a type of fat derived primarily from palm oil, is widely used in the food industry for its ability to improve the texture, stability, and shelf life of processed foods. It acts as a solidifying agent, which is essential in products such as margarine, baked goods, and confectionery. As consumer preferences shift towards convenience and ready-made meals, the demand for stearin in food manufacturing continues to rise. Besides, the expansion of retail chains and food service outlets globally further boosts the market need for stearin, as these establishments increasingly offer a wide range of processed and packaged food products.

Increased Use of Stearin in Personal Care and Cosmetics Products to Propel Market Share

The growing use of stearin in personal care and cosmetics products is another significant driver for the market expansion. Stearin is utilized in various cosmetic formulations due to its emollient properties, which help to improve the texture and stability of products like creams, lotions, and lipsticks. It serves as a thickening agent and contributes to the smooth application of these products. The personal care and cosmetics industry is expanding rapidly, owing to the rising consumer awareness of skincare and beauty, increased disposable incomes, and a growing emphasis on high-quality cosmetic products. As the demand for premium and specialized personal care products increases, so does the need for stearin. Companies in the beauty industry are continuously developing new formulations and product lines, further supporting the market need for stearin as a key ingredient in their products.

Restraint Factor for the Stearin Market

Environmental Concerns and Regulations Related to Palm Oil Production to Limit the Growth

One of the key restraints for the stearin market is the environmental concerns and regulations associated with palm oil production. Stearin is predominantly derived from palm oil, and the palm oil industry has faced substantial scrutiny due to its environmental impact. The expansion of palm oil plantations often leads to deforestation, loss of biodiversity, and greenhouse gas emissions. These environmental issues have sparked widespread criticism and led to increased regulatory measures aimed at mitigating the ecological footprint of palm oil production. Governments and environmental organizations are implementing stricter regulations and certification requirements to ensure sustainable palm oil sourcing. For instance, the Roundtable on Sustainable Palm Oil (RSPO) certification aims to promote sustainable practices within the industry. While these certifications are beneficial for the environment, they also impose additional costs and compliance requirements on producers, which can affect the availability and price of stearin.

Impact of Covid-19 on the Stearin Market

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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.

Global Palm Oil market size 2021 was recorded $60.405 Billion whereas by the end of 2025 it will reach $74.26 Billion. According to the author, by 2033 Palm Oil market size will become $112.232. Palm Oil market will be growing at a CAGR of 5.298% during 2025 to 2033.

The global palm oil market expanded rapidly to $91.1B in 2024, surging by 15% against the previous year. In general, consumption enjoyed pronounced growth. Over the period under review, the global market hit record highs at $98.4B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.