Palm Oil fell to 4,442 MYR/T on October 3, 2025, down 0.18% from the previous day. Over the past month, Palm Oil's price has fallen 0.16%, but it is still 3.18% higher 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 October of 2025.

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.

Learn about the projected growth of the global crude palm oil market from 2024 to 2035, with an expected increase in market volume to 93M tons and market value to $104.6B.

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 about the expected growth in the global crude palm oil market over the next decade, driven by increasing demand worldwide. Market volume is forecasted to reach 93M tons by 2035, with a value of $104.6B.

NCDEX: Spot Price: Crude Palm Oil: Kakinada: First Session data was reported at 1,132.500 INR/10 kg in 16 May 2025. This records a decrease from the previous number of 1,150.000 INR/10 kg for 15 May 2025. NCDEX: Spot Price: Crude Palm Oil: Kakinada: First Session data is updated daily, averaging 917.500 INR/10 kg from Jan 2024 (Median) to 16 May 2025, with 331 observations. The data reached an all-time high of 1,320.000 INR/10 kg in 11 Nov 2024 and a record low of 767.500 INR/10 kg in 04 Jan 2024. NCDEX: Spot Price: Crude Palm Oil: Kakinada: First Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

Discover the latest projections for the global crude palm oil market, with anticipated growth in both volume and value terms over the next six-year period. A CAGR of +3.7% is forecasted for market volume, reaching 102M tons by 2030, while a CAGR of +5.9% is expected for market value, reaching $101.2B.

NCDEX: Spot Price: Crude Palm Oil: Kandla: First Session data was reported at 1,172.700 INR/10 kg in 16 May 2025. This records a decrease from the previous number of 1,187.750 INR/10 kg for 15 May 2025. NCDEX: Spot Price: Crude Palm Oil: Kandla: First Session data is updated daily, averaging 954.900 INR/10 kg from Jan 2024 (Median) to 16 May 2025, with 333 observations. The data reached an all-time high of 1,347.900 INR/10 kg in 06 Dec 2024 and a record low of 768.700 INR/10 kg in 03 Jan 2024. NCDEX: Spot Price: Crude Palm Oil: Kandla: First Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

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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

The global Crude Palm Oil (CPO) market is experiencing robust growth, driven by its increasing use in the food industry, biofuel production, and the burgeoning cosmetics and surfactants sectors. While precise market sizing data is absent from the provided information, we can infer substantial value based on industry trends and the listed major players. Considering the presence of numerous large, multinational corporations heavily invested in CPO production and distribution, and given the consistent demand across various applications, a conservative estimate places the 2025 market size at approximately $50 billion USD. A Compound Annual Growth Rate (CAGR) of 5% is reasonable given the ongoing demand and potential for increased biofuel adoption. This projects the market to reach approximately $66 billion USD by 2033, representing significant market expansion. Key growth drivers include the rising global population demanding affordable edible oils, increasing government support for biofuels as a sustainable alternative energy source, and the continued expansion of the cosmetics and personal care industries. However, challenges remain, such as environmental concerns surrounding deforestation and sustainable palm oil sourcing practices, volatility in global commodity prices, and potential competition from alternative vegetable oils. These restraints will likely influence the market trajectory in the coming years, requiring producers to prioritize sustainability initiatives and efficient supply chain management. The market is segmented by processing methods (Pressing and Boiling) and application (Food, Biodiesel, Surfactants & Cosmetics, Others). The food industry currently commands the largest market share, but biofuel application is experiencing the fastest growth due to government policies promoting renewable energy sources. The competitive landscape is highly concentrated, with major players including Felda Global Ventures, IOI Oleochemical, Sime Darby Berhad, and Wilmar International controlling a significant portion of the global CPO production and trade. Regional variations in demand and production exist, with Asia Pacific currently being the largest consumer and producer, followed by regions like North America and Europe, which primarily import CPO for various applications. Future growth will likely be influenced by factors such as government regulations, technological advancements in palm oil processing, and consumer preferences regarding ethical and sustainable sourcing.

Global Palm Oil market size is expected to reach $83.82 billion by 2029 at 4.8%, increasing demand from the biofuel industry fuels the palm oil market growth

According to Cognitive Market Research, the global palm and palm kernel oil market size was 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 and pr...

NCDEX: Spot Price: Crude Palm Oil: Kandla: Second Session data was reported at 1,169.550 INR/10 kg in 16 May 2025. This records a decrease from the previous number of 1,185.550 INR/10 kg for 15 May 2025. NCDEX: Spot Price: Crude Palm Oil: Kandla: Second Session data is updated daily, averaging 878.375 INR/10 kg from Jan 2023 (Median) to 16 May 2025, with 574 observations. The data reached an all-time high of 1,347.650 INR/10 kg in 06 Dec 2024 and a record low of 756.050 INR/10 kg in 22 Sep 2023. NCDEX: Spot Price: Crude Palm Oil: Kandla: Second Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

The global Palm Oil Fatty Acid Products market is experiencing a period of significant growth, fueled by its diverse applications across numerous industries and its cost-effectiveness compared to other vegetable oils. The market is projected to grow from an estimated $24.00 billion in 2025 to over $37.36 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 5.689%. This expansion is driven by a rising global population, increasing demand for sustainable and bio-based products, and the versatility of palm oil derivatives in food, cosmetics, and industrial applications.

Key strategic insights from our comprehensive analysis reveal:

The market is experiencing a notable trend toward sustainability and traceability, with consumers and regulatory bodies demanding ethically sourced palm oil to address environmental concerns like deforestation.

A key growth driver is the expansion of the oleochemicals industry, where palm oil fatty acid products are used as a base for a wide range of sustainable chemicals, including lubricants, surfactants, and bio-based plastics.

The market faces a significant restraint in the form of price volatility of crude palm oil (CPO), which directly impacts the cost of fatty acid products and can affect the profitability of manufacturers.

Global Palm Oil Fatty Acid Products Market Overview & Dynamics

The global Palm Oil Fatty Acid Products market is a vital segment of the oleochemicals industry. Palm oil is a versatile raw material, and its derivatives, including fatty acids, are essential components in a wide range of products. The market's dynamics are shaped by a complex interplay of global economic growth, consumer demand for natural ingredients, and a heightened focus on environmental sustainability.

Global Palm Oil Fatty Acid Products Market Drivers

Growing Demand from End-Use Industries: The market is driven by increasing demand from key sectors such as food and beverages, cosmetics and personal care, and industrial applications. Palm oil fatty acid products are valued for their functional properties, including texture enhancement and stability.

Rising Global Population and Urbanization: A growing global population, coupled with rapid urbanization and rising disposable incomes in emerging economies, is leading to a greater demand for processed and convenience foods, as well as personal care products, which all use palm oil fatty acid products as a key ingredient.

Shift Towards Bio-based Products: With a global push for sustainability, there is a growing demand for bio-based and renewable alternatives to petroleum-derived chemicals. Palm oil fatty acid products serve as a crucial feedstock for the production of biodiesel and a variety of oleochemicals.

Global Palm Oil Fatty Acid Products Market Trends

Focus on Sustainable and Certified Palm Oil: A significant trend is the increasing demand for sustainable and ethically sourced palm oil. Manufacturers are adopting certifications like the Roundtable on Sustainable Palm Oil (RSPO) and leveraging digital technology for supply chain traceability to address deforestation and social concerns.

Innovation in Oleochemical Processing: There is a trend toward technological advancements in the refining and fractionation of palm oil. These innovations lead to improved product quality, higher yields, and the ability to create specialized fatty acid products with enhanced functional properties.

Expansion into Niche Applications: Manufacturers are increasingly targeting niche applications, such as high-purity fatty acids for pharmaceuticals and nutraceuticals. There is also a growing use of palm oil derivatives in bio-based lubricants and industrial surfactants.

Global Palm Oil Fatty Acid Products Market Restraints

Environmental Concerns and Negative Perception: Palm oil production is often associated with deforestation, habitat loss, and social issues. This negative perception can lead to consumer boycotts and stricter regulations, posing a significant restraint on market growth.

Volatility in Raw Material Prices: The market is highly susceptible to the fluctuating prices of crude palm oil (CPO). Geopolitical tensions and supply chain disruptions can cause significant price instability, which affects production costs and can squeeze profit margins.

Competition from Alternative Oils: The market faces competition from other vegetable oils, such as coconut and soybean oils. While p...

Crude Palm Kernel Oil Market Outlook

The global crude palm kernel oil market size was valued at approximately USD 8.1 billion in 2023 and is projected to reach USD 13.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period. Key growth factors driving this market include rising demand for edible oils, increasing applications in the biofuel sector, and expanding use in the cosmetics and pharmaceutical industries. The versatility and cost-effectiveness of crude palm kernel oil make it a pivotal ingredient in multiple domains, presenting significant growth opportunities.

One of the major growth factors for the crude palm kernel oil market is the booming food industry. With an ever-increasing global population and rising disposable incomes, there is a growing demand for nutritious and cost-effective edible oils. Crude palm kernel oil, known for its high saturated fat content, is extensively used in cooking and food processing. This oil's long shelf life and stability at high temperatures make it an attractive option for manufacturers. Additionally, the oilÂ’s neutral flavor makes it suitable for a range of culinary applications, further boosting its demand in the food sector.

Another significant growth driver for the crude palm kernel oil market is the biofuel industry. As the world shifts towards renewable energy sources, biofuels are gaining traction as a cleaner and more sustainable alternative to fossil fuels. Crude palm kernel oil is increasingly being used as a feedstock for biodiesel production due to its high oil content and relatively low cost. Governments across various regions are introducing policies and incentives to support biofuel production, which in turn is augmenting the demand for crude palm kernel oil. This trend is expected to continue over the forecast period, thereby fueling market growth.

The cosmetics and pharmaceutical industries also significantly contribute to the growth of the crude palm kernel oil market. In cosmetics, the oil is valued for its moisturizing properties and is commonly used in the formulation of soaps, lotions, and creams. Its anti-inflammatory and antioxidant properties make it a popular ingredient in skincare products. In the pharmaceutical sector, crude palm kernel oil is utilized for its medicinal benefits, including anti-microbial and anti-fungal properties. The growing consumer awareness regarding the benefits of natural and organic ingredients in personal care products is expected to drive the market further.

In addition to its widespread use in various industries, Plum Kernel Oil is gaining attention as a valuable alternative in the cosmetics sector. Known for its rich emollient properties and high content of nourishing fatty acids, Plum Kernel Oil is increasingly being incorporated into skincare products. Its ability to deeply moisturize and rejuvenate the skin makes it a sought-after ingredient in creams, lotions, and serums. The oil's antioxidant properties also help in protecting the skin from environmental stressors, making it a popular choice for natural and organic beauty formulations. As consumer demand for sustainable and effective skincare solutions grows, Plum Kernel Oil is poised to become a staple in the beauty industry.

Regionally, the Asia Pacific region holds the largest share of the crude palm kernel oil market, driven by significant production capacities in countries such as Indonesia and Malaysia. These countries are among the leading producers and exporters of palm kernel oil, benefiting from favorable climatic conditions and robust agricultural practices. Furthermore, the growing economies in the Asia Pacific region are witnessing an increase in the consumption of edible oils and biofuels, further propelling market growth. North America and Europe are also witnessing substantial growth due to the rising demand for organic and natural ingredients in food and cosmetics, coupled with supportive biodiesel policies.

Product Type Analysis

The crude palm kernel oil market is segmented into edible oil and non-edible oil based on product type. The edible oil segment holds a dominant share owing to its extensive use in cooking and food processing industries. Crude palm kernel oil is valued for its high saturated fat content, making it stable at high temperatures and ideal for frying and baking. The long shelf life of this oil further adds to its attractiveness in the food industry. With the rising global population and increasing dispo

The global production of palm oil was around ***** million metric tons in the marketing year 2023/24, decreasing from approximately ***** million metric tons in 2022/23. In that period, Indonesia and Malaysia were the leading exporters of palm oil worldwide. Leading palm oil producers Palm oil grows mainly in Asia, Africa and Latin America. Indonesia and Malaysia are the main palm oil producers, followed by Thailand, Colombia, and Nigeria. Unsurprisingly, Indonesia and Malaysia have the largest certified area planted with palm trees. In 2017, the Roundtable on Sustainable Palm Oil (RSPO) certified area planted with palm trees in Indonesia reached *** million hectares, up from **** million hectares in 2016. Global market Import volume of palm oil has increased worldwide over the past few years. According to the World Bank, in 2021, the average price for palm oil stood at ***** nominal U.S. dollars per metric ton. It is expected to drop to about ***** nominal U.S. dollars per metric ton by 2024.

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

Crude Palm Oil (CPO) Market Outlook

In 2023, the global market size of Crude Palm Oil (CPO) was estimated at approximately $70 billion and is projected to reach around $130 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5%. This growth is primarily driven by the increasing demand for biofuels and the expanding food industry, which are significant consumers of crude palm oil. Additionally, the versatility of CPO in various industries, such as personal care and industrial applications, further propels market expansion.

The growth of the CPO market can be attributed to several key factors. Firstly, the burgeoning global population has escalated the demand for food products, leading to a rise in the consumption of palm oil in the food industry. Palm oil is a staple in many processed foods due to its stability and cost-effectiveness. Secondly, the global push towards renewable energy sources has significantly increased the demand for biofuels, with palm oil being a major feedstock for biodiesel production. Government policies and incentives promoting biofuels have further catalyzed this demand, particularly in regions like Europe and North America.

Another significant growth factor is the increasing utilization of crude palm oil in the personal care industry. The oil's moisturizing properties make it an essential ingredient in a variety of skincare and cosmetic products. Additionally, the industrial sector leverages CPO for its lubricating and surfactant properties in manufacturing and other applications. The versatility of palm oil and its derivatives ensures a steady demand across multiple sectors, thus sustaining market growth. Furthermore, advancements in palm oil extraction and refining technologies have enhanced production efficiency, reducing costs and making palm oil more competitive with other vegetable oils.

On the regional front, Asia Pacific dominates the CPO market, with countries like Indonesia and Malaysia being the largest producers and exporters. The region's tropical climate is ideal for oil palm cultivation, which has fostered a robust palm oil industry. Moreover, domestic consumption within these countries is also significant, driven by the food processing and biofuel sectors. In contrast, Europe and North America represent substantial markets for imported palm oil, primarily for biofuels and food applications. These regions have stringent sustainability criteria, which has led to a focus on certified sustainable palm oil, creating a niche market and driving premium pricing for compliant producers.

The process of extracting oil from palm fruits is a crucial step in the production of Crude Palm Oil (CPO). The Palm Oil Press plays a significant role in this stage, as it efficiently separates the oil from the fruit pulp. This machinery is designed to maximize oil yield while minimizing waste, ensuring that the extraction process is both cost-effective and environmentally friendly. Innovations in palm oil press technology have led to enhanced efficiency and reduced energy consumption, aligning with the industry's push towards sustainable practices. As the demand for CPO continues to grow, advancements in palm oil press technology will be pivotal in meeting production needs while adhering to environmental standards.

Product Type Analysis

In the Crude Palm Oil (CPO) market, product types are typically classified into refined and unrefined categories. The refined palm oil segment holds a significant share of the market due to its extensive use in the food industry. Refined palm oil undergoes processes such as bleaching and deodorization to remove impurities and odors, making it suitable for direct consumption and as an ingredient in various food products. This segment benefits from the high demand for processed foods, which utilize refined palm oil for its stable cooking properties and long shelf life. Additionally, the refined oil is favored in personal care and industrial applications due to its purity and consistent quality.

Unrefined crude palm oil, on the other hand, is mainly used in industrial applications and biofuel production. Its less processed nature retains more of the natural vitamins and antioxidants, which are beneficial in certain industrial and personal care applications. The unrefined segment is also crucial for biofuel production, as the raw oil can be directly used or minimally processed to produce biodiesel. The increasing emphasis on renewable energy sources is likely to boost