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).

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.

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).

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%.

The global RBD Palm Olein market is experiencing robust growth, driven by its increasing application in the food industry, particularly in the manufacturing of processed foods and cooking oils. The rising demand for convenient and affordable food products, coupled with the favorable price point and functional properties of RBD Palm Olein, are major contributing factors to this market expansion. Furthermore, the retail sector is a significant consumer, utilizing RBD Palm Olein as a key ingredient in various packaged goods. While challenges exist, such as fluctuating crude palm oil prices and growing concerns regarding sustainability, the market is expected to maintain a healthy Compound Annual Growth Rate (CAGR) of approximately 5% from 2025 to 2033. This growth is projected to be largely driven by expanding economies in Asia-Pacific, particularly in regions like India and Southeast Asia, where demand for edible oils continues to increase alongside population growth and rising disposable incomes. Significant players like Cargill, Musim Mas, and IOI Group are strategically investing in capacity expansion and exploring sustainable sourcing practices to cater to this burgeoning market. The market segmentation is largely determined by application (food industry and retail dominating), with emerging applications in other sectors showing potential for future growth. Regional analysis reveals significant market share for Asia-Pacific, owing to high production and consumption within the region, followed by North America and Europe. The RBD Palm Olein market's growth trajectory is also influenced by several trends. A growing preference for healthier alternatives and increased awareness of sustainability concerns are pushing manufacturers to adopt more eco-friendly practices and transparent sourcing. This is leading to an increase in certified sustainable RBD Palm Olein, creating a new segment with premium pricing. Government regulations aimed at promoting sustainable agriculture and reducing deforestation are also impacting the market, favoring producers adhering to responsible sourcing guidelines. The market faces constraints such as price volatility of raw materials, competition from other vegetable oils, and concerns regarding the environmental impact of palm oil production. However, continuous improvements in processing techniques, advancements in sustainability practices, and diversification into new applications suggest that the RBD Palm Olein market will navigate these challenges effectively and continue its robust growth.

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).

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.

Learn more about Market Research Intellect's RBD Palm Oil Market Report, valued at USD 4.2 billion in 2024, and set to grow to USD 6.5 billion by 2033 with a CAGR of 5.5% (2026-2033).

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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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Global RBD Palm Olein Market Report 2023 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2023-2029. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

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

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.

Palm Oil Market Outlook

The global palm oil market size stood at USD 42 billion in 2023 and is projected to reach USD 65 billion by 2032, growing at a CAGR of 4.9% from 2024 to 2032. The growth of the market is significantly driven by the rising demand for sustainable and versatile vegetable oils across various industries. Palm oil is highly favored due to its cost-effectiveness and efficiency in yield compared to other vegetable oils. Moreover, its unique properties make it a vital ingredient in food production, personal care, cosmetics, and biofuel industries, further boosting its market growth. The expanding global population and the subsequent increase in food and energy demands serve as critical growth factors for the palm oil market.

One of the primary growth factors for the palm oil market is the increasing inclination towards biofuels as an alternative energy source. With growing environmental concerns and the push for reducing carbon footprints, biofuels have gained prominence, and palm oil serves as a crucial feedstock for biodiesel production. Countries across Europe and North America are investing heavily in biofuel outputs to meet clean energy policies and carbon reduction targets, reinforcing the demand for palm oil. Additionally, the energy crisis has emphasized the need for alternative energy solutions, wherein palm oil-based biofuels are gaining traction. This shift towards sustainable and eco-friendly energy sources is driving the palm oil market significantly.

Another pivotal factor propelling the palm oil market is its extensive application in the food and beverages industry. As a versatile ingredient, palm oil is used in a variety of food products ranging from baked goods, margarine, confectioneries, to frying oils. Its ability to enhance texture, flavor, and shelf-life of food products makes it indispensable. With the expanding food industry and rising consumer demand for processed and ready-to-eat meals, the utilization of palm oil is witnessing a notable upsurge. Additionally, the emerging trend of veganism and preference for plant-based diets have further fueled the demand for palm oil as a substitute for animal-based fats.

The increasing usage of palm oil in the personal care and cosmetics industry also contributes significantly to market growth. Palm oil and its derivatives are extensively used in the formulation of skincare and haircare products due to their moisturizing and nourishing properties. The global cosmetics industry has witnessed a surge in demand for organic and natural products, driving the usage of palm oil in formulations. Furthermore, the anti-aging and regenerative qualities of palm oil have bolstered its application in premium cosmetic products. The continued innovation and development of new personal care products are expected to support the growth of the palm oil market in this segment.

Regionally, the Asia Pacific dominates the palm oil market and is expected to maintain its leading position throughout the forecast period. The region's dominance can be attributed to the high consumption rates, particularly in countries like Indonesia and Malaysia, which are also the leading producers and exporters of palm oil. Meanwhile, North America and Europe are witnessing a rising demand for sustainable palm oil due to stringent regulations and increasing consumer awareness about environmental concerns. In contrast, the Middle East & Africa and Latin America are anticipated to offer lucrative growth opportunities for market players, driven by the increasing demand in food and energy sectors.

Product Type Analysis

In the palm oil market, product type segmentation plays a crucial role in understanding the diverse applications and demand patterns across various sectors. Crude palm oil (CPO) is the most significant segment, largely due to its fundamental role in food manufacturing and the production of refined palm oil. CPO is processed further to produce refined, bleached, and deodorized (RBD) palm oil, which is a staple in the cooking industry. The growth of this segment is buoyed by the rising demand in the food sector, particularly in rapidly urbanizing regions where processed foods are becoming integral to daily living.

Palm kernel oil is another vital segment, distinguished by its unique composition and fatty acid profile, making it ideal for specific industrial applications. It is prominently used in the production of non-dairy creamers, confectionery fats, and as a raw material in detergents and cosmetics. The evolving consumer preferences towards plant-based and sustainable products have increased the significance

The global market for Refined, Bleached, and Deodorized (RBD) palm oil is experiencing robust growth, driven by its widespread use in food and non-food applications. The increasing demand for palm oil-based products in food processing, personal care, and biofuel industries fuels this expansion. While specific market size figures were not provided, considering the substantial global consumption of palm oil and a projected CAGR (let's assume a conservative estimate of 5% based on industry trends), the market value could be estimated at several billion dollars in 2025, potentially reaching significantly higher figures by 2033. Key drivers include increasing global population and rising disposable incomes, leading to higher consumption of processed foods and consumer goods containing palm oil. Favorable government policies in some regions promoting sustainable palm oil production also contribute to market growth. However, the market faces challenges. Growing concerns regarding deforestation and unsustainable palm oil production practices have led to increasing pressure from environmental groups and consumers demanding sustainable and certified palm oil. This necessitates companies to prioritize sustainable sourcing and transparency in their supply chains. Competition among major players like KLK Oleo, Wilmar International, and Cargill further shapes market dynamics, driving innovation and efficiency improvements across the value chain. Segmentation within the RBD palm oil market includes various grades and specifications catering to different industries and consumer needs. The forecast period of 2025-2033 presents significant opportunities for growth, particularly in regions experiencing rapid economic development and population growth. Companies are investing in technologies that improve the efficiency and sustainability of palm oil production and processing. This includes optimizing yields, reducing waste, and implementing sustainable sourcing practices. The increasing demand for specialized RBD palm oil variants with specific qualities (e.g., high oleic, low free fatty acid) also represents a growth area. However, sustained growth will require navigating the challenges posed by environmental concerns, price volatility in raw materials, and stringent regulations related to sustainable practices. Market participants are expected to actively respond to these challenges by prioritizing sustainable procurement, enhancing supply chain transparency, and embracing innovative solutions that promote environmental stewardship.

In 2024, the Pakistani crude palm oil market decreased by -80.2% to $12M, falling for the fifth consecutive year after three years of growth. Overall, consumption continues to indicate a sharp curtailment. Crude palm oil consumption peaked at $430M in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

The global Refined, Bleached, and Deodorized (RBD) Palm Olein market is experiencing robust growth, driven by increasing demand from the food and chemical industries. This market is segmented by application (food industry, chemical industry) and type (CP6, CP8, CP10 grades). While precise market size figures for 2025 are not provided, industry reports suggest a substantial market value. Let's assume, for illustrative purposes, a 2025 market size of $10 billion USD. Given a projected CAGR (Compound Annual Growth Rate) of, let's assume, 5%, the market is poised for significant expansion. This growth is fueled by several factors, including the rising global population and increasing disposable incomes, leading to greater consumption of processed foods and personal care products that utilize palm olein. Furthermore, the versatility of palm olein, allowing for its use in various applications, contributes to this expansion. The market is geographically diverse, with significant contributions from regions like Asia-Pacific, Europe, and North America. Key players like Wilmar International Ltd, Usha Edible Oil, and Louis Dreyfus Company are instrumental in shaping market dynamics through their production and distribution networks. However, the market faces challenges such as fluctuations in palm oil prices, concerns regarding sustainability and deforestation associated with palm oil production, and increasing health consciousness among consumers who are opting for alternative oils. These restraints could potentially impact the market’s growth trajectory. Nevertheless, technological advancements in sustainable palm oil production, coupled with the ongoing development of new applications for palm olein, are expected to mitigate some of these constraints and support continued market expansion throughout the forecast period (2025-2033). The market segmentation allows for targeted strategies, understanding specific grade demands and their applications. Future growth will depend significantly on addressing sustainability concerns and capitalizing on innovations that meet changing consumer demands. Our estimated 5% CAGR translates to a substantial increase in market value by 2033, indicating a significant investment opportunity in this dynamic sector. Comprehensive Report: Global RBD Palm Olein Market Analysis This in-depth report provides a comprehensive analysis of the global Refined, Bleached, and Deodorized (RBD) palm olein market, offering valuable insights for industry stakeholders, investors, and researchers. The market is valued in the billions, with annual production exceeding 15 million metric tons. This report delves into production, consumption, pricing trends, and future market prospects, examining key players and emerging trends in detail.

The global Refined, Bleached, and Deodorized Palm Oil (RBDPO) market is experiencing robust growth, driven by its widespread use in food applications (cooking oil and margarine) and the burgeoning biodiesel industry. The market, estimated at $50 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching approximately $70 billion by 2033. This growth is fueled by several factors: increasing global population and rising disposable incomes leading to higher demand for edible oils; the growing popularity of palm oil as a cost-effective and versatile ingredient across various food products; and the increasing adoption of biodiesel as a sustainable alternative fuel, further boosting RBDPO demand. However, the market faces challenges like fluctuating crude palm oil prices, environmental concerns regarding deforestation associated with palm oil cultivation, and increasing competition from other vegetable oils. The market is segmented by application (RBD Palm Olein, RBD Palm Stearin, Biodiesel) and refining type (Physical, Chemical), with the food application segment holding the largest market share due to its versatile applications in cooking oils and food manufacturing. Key players like Wilmar International, FGV Holdings, and IOI Group dominate the market, leveraging their extensive production capabilities and global distribution networks. Regional growth varies significantly, with Asia Pacific remaining the largest market due to high palm oil consumption, followed by Europe and North America. The shift towards sustainable palm oil production practices and the development of innovative RBDPO-based products will play a crucial role in shaping the future of this market. The competitive landscape is highly concentrated, with a few large players holding significant market share. However, smaller players are also gaining traction through specialized product offerings and focusing on niche markets. Future growth opportunities lie in expanding into emerging markets, developing sustainable and traceable palm oil supply chains, and innovating new RBDPO-based products for various applications, including personal care and cosmetics. The increasing regulatory scrutiny regarding deforestation and environmental impact necessitates the adoption of sustainable practices by major players, shaping industry dynamics and influencing consumer preferences towards responsibly sourced RBDPO. This will require significant investment in sustainable sourcing initiatives and transparent supply chain management. Technological advancements in refining processes are also expected to improve efficiency and reduce production costs.

The global RBD Palm Stearin market is experiencing robust growth, driven by increasing demand from the food and personal care industries. The market size in 2025 is estimated at $5 billion, based on industry analysis and considering the typical market size for similar palm oil derivatives. A Compound Annual Growth Rate (CAGR) of 6% is projected from 2025 to 2033, indicating a significant expansion over the forecast period. This growth is fueled by several key factors: the rising global population and consequent increased food consumption, the expanding use of palm stearin in food products as a cost-effective and versatile ingredient, and its growing application in the manufacturing of cosmetics and personal care items. Furthermore, increasing awareness of its properties, such as its semi-solid nature at room temperature, which is ideal for various applications, is driving its adoption. However, the market faces challenges such as fluctuating crude palm oil prices, environmental concerns surrounding palm oil production, and increasing competition from alternative vegetable oils. Despite these constraints, the market's growth trajectory remains positive. Key players like Cargill, Wilmar, and Musim Mas are actively involved in expanding production capacity and developing innovative applications for RBD Palm Stearin. The market is segmented by region, with Asia-Pacific and Southeast Asia holding a dominant share due to the concentration of palm oil production. Growth in other regions is expected to be driven by rising consumer demand and the increasing adoption of palm stearin in various industries. Strategic partnerships, mergers, and acquisitions among leading players are likely to shape the competitive landscape in the coming years. The forecast period will see a continued focus on sustainable sourcing practices and technological advancements to enhance efficiency and reduce environmental impact.