Palm Oil fell to 4,372 MYR/T on October 27, 2025, down 1.09% from the previous day. Over the past month, Palm Oil's price has fallen 0.27%, and is down 3.49% 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 October of 2025.

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).

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

Market Research Intellect's RBD Palm Oil Market Report highlights a valuation of USD 4.2 billion in 2024 and anticipates growth to USD 6.5 billion by 2033, with a CAGR of 5.5% from 2026-2033.Explore insights on demand dynamics, innovation pipelines, and competitive landscapes.

Snapshot img

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?

Get Key Insights on Market Forecast (PDF) Request Free Sample

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.

Request Free Sample

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.

Request Free Sample

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

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

View monthly updates and historical trends for Malaysia Palm Kernel Oil Price. Source: World Bank. Track economic data with YCharts analytics.

In 2024, the Pakistani crude palm oil market decreased by -78.9% to $12M, falling for the fifth consecutive year after three years of growth. Overall, consumption faced a dramatic descent. Crude palm oil consumption peaked at $430M in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

The global market for Refined, Bleached, and Deodorized (RBD) Palm Olein is experiencing robust growth, driven by increasing demand from the food and personal care industries. Over the study period (2019-2033), the market demonstrates a significant expansion, fueled by rising global populations and shifting dietary habits towards processed foods containing palm oil-based ingredients. The consistent demand for vegetable oils and the versatility of RBD Palm Olein as a key ingredient in various food products like margarine, shortenings, and cooking oils contributes significantly to market growth. Furthermore, its use in cosmetics and other personal care products expands its application beyond the food sector. While factors like fluctuating crude palm oil prices and increasing health concerns regarding saturated fat content pose challenges, the market's overall growth trajectory remains positive. The competitive landscape includes major players like Wilmar International Ltd, Usha Edible Oil, and Louis Dreyfus Company, amongst others, actively engaged in production, distribution, and strategic expansions. Key segments within the RBD Palm Olein market are likely to exhibit differing growth rates. For instance, the food segment is expected to remain dominant due to the widespread use of palm oil in food processing. However, the personal care segment is expected to show faster growth rates, driven by increasing demand for cost-effective, yet high-quality, cosmetic products. Regional variations in consumption patterns and regulatory landscapes will influence the market dynamics. For example, regions with high population density and significant food processing industries are expected to exhibit higher demand, although this will be moderated by factors like sustainable sourcing initiatives and evolving consumer preferences toward healthier alternatives. The forecast period (2025-2033) promises continued expansion, with a focus on innovation in sustainable production methods and diversification of end-use applications.

India Palm Oil Market was valued at USD 8.20 Billion in 2025 and is expected to reach USD 10.89 Billion by 2031 with a CAGR of 4.89%

China Settlement Price: Dalian Commodity Exchange: RBD Palm Oil: 3rd Month data was reported at 8,398.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 9,076.000 RMB/Ton for Mar 2025. China Settlement Price: Dalian Commodity Exchange: RBD Palm Oil: 3rd Month data is updated monthly, averaging 6,512.000 RMB/Ton from Oct 2007 (Median) to Apr 2025, with 211 observations. The data reached an all-time high of 13,852.000 RMB/Ton in Apr 2022 and a record low of 4,174.000 RMB/Ton in Jun 2019. China Settlement Price: Dalian Commodity Exchange: RBD Palm Oil: 3rd Month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price.

The global RBD (Refined, Bleached, and Deodorized) Palm Stearin market is experiencing robust growth, driven by increasing demand from the food and chemical industries. This growth is fueled by the versatility of palm stearin, its relatively low cost compared to other vegetable fats, and its use in a wide range of applications, from confectionery and bakery products to cosmetics and detergents. The market is segmented by type (hydrogenated and non-hydrogenated) and application (food and chemical industries). While the food industry remains the dominant consumer, the chemical industry is showcasing significant growth potential due to the increasing demand for palm-based surfactants and emulsifiers in various manufacturing processes. Major players like Wilmar International, Cargill, and Louis Dreyfus Company dominate the market, benefiting from established supply chains and strong distribution networks. However, growing concerns regarding deforestation and sustainable sourcing practices present a significant challenge to the industry's continued growth. Companies are increasingly focusing on certifications like the Roundtable on Sustainable Palm Oil (RSPO) to address these concerns and ensure the long-term viability of their operations. Regional variations exist, with Asia-Pacific, particularly Southeast Asia, maintaining the largest market share due to significant palm oil production, followed by North America and Europe. Future growth will depend on factors such as evolving consumer preferences, technological advancements in processing techniques, and stringent regulatory measures related to sustainability. The forecast period (2025-2033) anticipates a sustained growth trajectory for RBD palm stearin. We project a Compound Annual Growth Rate (CAGR) of approximately 5% (this is an estimate based on typical growth rates in the vegetable oil sector, assuming no major disruptive events). This growth is expected to be driven by the expanding global population, rising disposable incomes in developing economies, and increasing demand for processed food products. However, fluctuations in crude palm oil prices, and the increasing adoption of alternative fats and oils based on consumer health awareness, present potential headwinds. Furthermore, governmental regulations regarding the use of palm oil in specific products will continue to shape market dynamics and necessitate strategic adaptation by industry players. Successful market navigation requires a focus on sustainability, cost-effectiveness, and adapting to the changing demands of both consumers and regulatory bodies.

Malaysia RBD Palm Olein Export Price, fob data was reported at 2,421.000 MYR/Ton in Jun 2018. This records a decrease from the previous number of 2,507.000 MYR/Ton for May 2018. Malaysia RBD Palm Olein Export Price, fob data is updated monthly, averaging 1,573.750 MYR/Ton from Jan 1983 (Median) to Jun 2018, with 426 observations. The data reached an all-time high of 4,226.000 MYR/Ton in Mar 2008 and a record low of 591.500 MYR/Ton in Aug 1986. Malaysia RBD Palm Olein Export Price, fob data remains active status in CEIC and is reported by Malaysian Palm Oil Board. The data is categorized under Global Database’s Malaysia – Table MY.P002: Palm Oil Price.

The global Refined Bleached Deodorized Palm Oil (RBDPO) market is experiencing robust growth, driven by increasing demand for vegetable oils in food applications and the biofuel industry. The market size in 2025 is estimated at $25 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key factors: rising global population and consequent increased food consumption, expanding use of palm oil in processed foods (cooking oils, bakery products, confectionery), and the growing adoption of biodiesel as a sustainable alternative fuel. The increasing health consciousness among consumers is leading to a demand for healthier cooking oils, which presents both an opportunity and a challenge for the RBDPO market. The market is segmented by refining type (physical and chemical) and application (RBD palm olein, RBD palm stearin, and biodiesel), each showing varying growth trajectories. The physical refining segment is currently dominant, but the chemical refining segment is projected to gain significant traction due to its ability to produce higher-quality oils. Major players in the RBDPO market, including FGV Holdings, IOI Group, Wilmar International, and Sime Darby Plantation, are actively investing in research and development, optimizing production processes, and exploring new market opportunities to maintain their competitive edge. Geographic segmentation reveals strong growth in the Asia-Pacific region, driven by substantial palm oil production and consumption within this area. However, North America and Europe are also experiencing notable growth, propelled by the increasing demand for sustainable and cost-effective vegetable oils. While the market enjoys several tailwinds, potential restraints include fluctuating crude palm oil prices, environmental concerns surrounding palm oil production (deforestation, habitat loss), and competition from other vegetable oils. The industry needs to address these challenges by improving sustainability practices and promoting the health benefits of RBDPO to solidify its position in the global edible oils market. Effective supply chain management and investment in technological advancements will further influence market competitiveness and future growth trajectories. The forecast period of 2025-2033 promises sustained expansion for the RBDPO market, yet the ability to address environmental concerns and consistently offer quality products will be key determinants of long-term success. This report provides a comprehensive analysis of the Refined Bleached Deodorised Palm Oil (RBDPO) market, a crucial component in numerous industries. Valued at an estimated $30 billion USD annually, this market is characterized by intense competition and significant growth potential. This in-depth study will offer key insights into production, consumption, and market dynamics for informed decision-making.

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

Malaysia RBD Palm Oil Export Price, fob data was reported at 2,245.000 MYR/Ton in Oct 2018. This records a decrease from the previous number of 2,270.500 MYR/Ton for Sep 2018. Malaysia RBD Palm Oil Export Price, fob data is updated monthly, averaging 1,510.000 MYR/Ton from Jan 1983 (Median) to Oct 2018, with 430 observations. The data reached an all-time high of 4,224.500 MYR/Ton in Mar 2008 and a record low of 532.500 MYR/Ton in Sep 1986. Malaysia RBD Palm Oil Export Price, fob data remains active status in CEIC and is reported by Malaysian Palm Oil Board. The data is categorized under Global Database’s Malaysia – Table MY.P002: Palm Oil Price.

The RBD Palm Olein market has seen exponential growth in recent years, driven by the rising demand for versatile and cost-effective cooking oils. Refined, Bleached, and Deodorized (RBD) Palm Olein is a semi-liquid oil derived from the fruit of oil palm trees, known for its stability and health benefits compared to o