The global Palm Oil market size was valued at US$ 53980 million in 2024 and is forecast to a readjusted size of USD 76060 million by 2031 with a CAGR of 5.1% during review period.
Palm oil is one of the world"s most produced and consumed oils. This cheap, production-efficient and highly stable oil is used in a wide variety of food, cosmetic and hygiene products, and can be used as source for bio-fuel or biodiesel. Most palm oil is produced in Asia, Africa and South America because the trees require warm temperatures, sunshine and plenty of rain in order to maximize production.
Global Palm Oil key players include Felda Global Ventures, IOI, Sime Darby Berhad, Musim Mas, Astra Agro Lestari, etc. Global top five manufacturers hold a share over 5%.
Southeast Asia is the largest market, with a share over 30%, followed by Middle East & Africa and India, both have a share over 30% percent.
In terms of product, Crude Palm Oil is the largest segment, with a share over 70%. And in terms of application, the largest application is Foods, followed by Bio-Diesel and Surfactants.
This report is a detailed and comprehensive analysis for global Palm Oil market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Palm Oil market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Palm Oil market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Palm Oil market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Palm Oil market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Palm Oil
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Palm Oil market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include FGV Holdings Berhad, IOI Group, Sime Darby Berhad, Musim Mas, Astra Agro Lestari, Bumitama Agri, Genting Group, Kuala Lumpur Kepong Berhad (KLK), Wilmar International, Royal Golden Eagle, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Palm Oil market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Crude Palm Oil
Palm Olein
Market segment by Application
Food Industry
Bio-Diesel
Surfactants
Cosmetics Industry
Others
Major players covered
FGV Holdings Berhad
IOI Group
Sime Darby Berhad
Musim Mas
Astra Agro Lestari
Bumitama Agri
Genting Group
Kuala Lumpur Kepong Berhad (KLK)
Wilmar International
Royal Golden Eagle
Indofood Agri Resources
Golden Agri-Resources
First Resources
Sampoerna Agro
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Palm Oil product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Palm Oil, with price, sales quantity, revenue, and global market share of Palm Oil from 2020 to 2025.
Chapter 3, the Palm Oil competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Palm Oil breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Palm Oil market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Palm Oil.
Chapter 14 and 15, to describe Palm Oil sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Palm Oil Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 Crude Palm Oil
1.3.3 Palm Olein
1.4 Market Analysis by Application
1.4.1 Overview: Global Palm Oil Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Food Industry
1.4.3 Bio-Diesel
1.4.4 Surfactants
1.4.5 Cosmetics Industry
1.4.6 Others
1.5 Global Palm Oil Market Size & Forecast
1.5.1 Global Palm Oil Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Palm Oil Sales Quantity (2020-2031)
1.5.3 Global Palm Oil Average Price (2020-2031)
2 Manufacturers Profiles
2.1 FGV Holdings Berhad
2.1.1 FGV Holdings Berhad Details
2.1.2 FGV Holdings Berhad Major Business
2.1.3 FGV Holdings Berhad Palm Oil Product and Services
2.1.4 FGV Holdings Berhad Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 FGV Holdings Berhad Recent Developments/Updates
2.2 IOI Group
2.2.1 IOI Group Details
2.2.2 IOI Group Major Business
2.2.3 IOI Group Palm Oil Product and Services
2.2.4 IOI Group Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 IOI Group Recent Developments/Updates
2.3 Sime Darby Berhad
2.3.1 Sime Darby Berhad Details
2.3.2 Sime Darby Berhad Major Business
2.3.3 Sime Darby Berhad Palm Oil Product and Services
2.3.4 Sime Darby Berhad Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 Sime Darby Berhad Recent Developments/Updates
2.4 Musim Mas
2.4.1 Musim Mas Details
2.4.2 Musim Mas Major Business
2.4.3 Musim Mas Palm Oil Product and Services
2.4.4 Musim Mas Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 Musim Mas Recent Developments/Updates
2.5 Astra Agro Lestari
2.5.1 Astra Agro Lestari Details
2.5.2 Astra Agro Lestari Major Business
2.5.3 Astra Agro Lestari Palm Oil Product and Services
2.5.4 Astra Agro Lestari Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 Astra Agro Lestari Recent Developments/Updates
2.6 Bumitama Agri
2.6.1 Bumitama Agri Details
2.6.2 Bumitama Agri Major Business
2.6.3 Bumitama Agri Palm Oil Product and Services
2.6.4 Bumitama Agri Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 Bumitama Agri Recent Developments/Updates
2.7 Genting Group
2.7.1 Genting Group Details
2.7.2 Genting Group Major Business
2.7.3 Genting Group Palm Oil Product and Services
2.7.4 Genting Group Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 Genting Group Recent Developments/Updates
2.8 Kuala Lumpur Kepong Berhad (KLK)
2.8.1 Kuala Lumpur Kepong Berhad (KLK) Details
2.8.2 Kuala Lumpur Kepong Berhad (KLK) Major Business
2.8.3 Kuala Lumpur Kepong Berhad (KLK) Palm Oil Product and Services
2.8.4 Kuala Lumpur Kepong Berhad (KLK) Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Kuala Lumpur Kepong Berhad (KLK) Recent Developments/Updates
2.9 Wilmar International
2.9.1 Wilmar International Details
2.9.2 Wilmar International Major Business
2.9.3 Wilmar International Palm Oil Product and Services
2.9.4 Wilmar International Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Wilmar International Recent Developments/Updates
2.10 Royal Golden Eagle
2.10.1 Royal Golden Eagle Details
2.10.2 Royal Golden Eagle Major Business
2.10.3 Royal Golden Eagle Palm Oil Product and Services
2.10.4 Royal Golden Eagle Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 Royal Golden Eagle Recent Developments/Updates
2.11 Indofood Agri Resources
2.11.1 Indofood Agri Resources Details
2.11.2 Indofood Agri Resources Major Business
2.11.3 Indofood Agri Resources Palm Oil Product and Services
2.11.4 Indofood Agri Resources Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 Indofood Agri Resources Recent Developments/Updates
2.12 Golden Agri-Resources
2.12.1 Golden Agri-Resources Details
2.12.2 Golden Agri-Resources Major Business
2.12.3 Golden Agri-Resources Palm Oil Product and Services
2.12.4 Golden Agri-Resources Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.12.5 Golden Agri-Resources Recent Developments/Updates
2.13 First Resources
2.13.1 First Resources Details
2.13.2 First Resources Major Business
2.13.3 First Resources Palm Oil Product and Services
2.13.4 First Resources Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.13.5 First Resources Recent Developments/Updates
2.14 Sampoerna Agro
2.14.1 Sampoerna Agro Details
2.14.2 Sampoerna Agro Major Business
2.14.3 Sampoerna Agro Palm Oil Product and Services
2.14.4 Sampoerna Agro Palm Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.14.5 Sampoerna Agro Recent Developments/Updates
3 Competitive Environment: Palm Oil by Manufacturer
3.1 Global Palm Oil Sales Quantity by Manufacturer (2020-2025)
3.2 Global Palm Oil Revenue by Manufacturer (2020-2025)
3.3 Global Palm Oil Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
3.4.1 Producer Shipments of Palm Oil by Manufacturer Revenue ($MM) and Market Share (%): 2024
3.4.2 Top 3 Palm Oil Manufacturer Market Share in 2024
3.4.3 Top 6 Palm Oil Manufacturer Market Share in 2024
3.5 Palm Oil Market: Overall Company Footprint Analysis
3.5.1 Palm Oil Market: Region Footprint
3.5.2 Palm Oil Market: Company Product Type Footprint
3.5.3 Palm Oil Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Palm Oil Market Size by Region
4.1.1 Global Palm Oil Sales Quantity by Region (2020-2031)
4.1.2 Global Palm Oil Consumption Value by Region (2020-2031)
4.1.3 Global Palm Oil Average Price by Region (2020-2031)
4.2 North America Palm Oil Consumption Value (2020-2031)
4.3 Europe Palm Oil Consumption Value (2020-2031)
4.4 Asia-Pacific Palm Oil Consumption Value (2020-2031)
4.5 South America Palm Oil Consumption Value (2020-2031)
4.6 Middle East & Africa Palm Oil Consumption Value (2020-2031)
5 Market Segment by Type
5.1 Global Palm Oil Sales Quantity by Type (2020-2031)
5.2 Global Palm Oil Consumption Value by Type (2020-2031)
5.3 Global Palm Oil Average Price by Type (2020-2031)
6 Market Segment by Application
6.1 Global Palm Oil Sales Quantity by Application (2020-2031)
6.2 Global Palm Oil Consumption Value by Application (2020-2031)
6.3 Global Palm Oil Average Price by Application (2020-2031)
7 North America
7.1 North America Palm Oil Sales Quantity by Type (2020-2031)
7.2 North America Palm Oil Sales Quantity by Application (2020-2031)
7.3 North America Palm Oil Market Size by Country
7.3.1 North America Palm Oil Sales Quantity by Country (2020-2031)
7.3.2 North America Palm Oil Consumption Value by Country (2020-2031)
7.3.3 United States Market Size and Forecast (2020-2031)
7.3.4 Canada Market Size and Forecast (2020-2031)
7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
8.1 Europe Palm Oil Sales Quantity by Type (2020-2031)
8.2 Europe Palm Oil Sales Quantity by Application (2020-2031)
8.3 Europe Palm Oil Market Size by Country
8.3.1 Europe Palm Oil Sales Quantity by Country (2020-2031)
8.3.2 Europe Palm Oil Consumption Value by Country (2020-2031)
8.3.3 Germany Market Size and Forecast (2020-2031)
8.3.4 France Market Size and Forecast (2020-2031)
8.3.5 United Kingdom Market Size and Forecast (2020-2031)
8.3.6 Russia Market Size and Forecast (2020-2031)
8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Palm Oil Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Palm Oil Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Palm Oil Market Size by Region
9.3.1 Asia-Pacific Palm Oil Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Palm Oil Consumption Value by Region (2020-2031)
9.3.3 China Market Size and Forecast (2020-2031)
9.3.4 Japan Market Size and Forecast (2020-2031)
9.3.5 South Korea Market Size and Forecast (2020-2031)
9.3.6 India Market Size and Forecast (2020-2031)
9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
10.1 South America Palm Oil Sales Quantity by Type (2020-2031)
10.2 South America Palm Oil Sales Quantity by Application (2020-2031)
10.3 South America Palm Oil Market Size by Country
10.3.1 South America Palm Oil Sales Quantity by Country (2020-2031)
10.3.2 South America Palm Oil Consumption Value by Country (2020-2031)
10.3.3 Brazil Market Size and Forecast (2020-2031)
10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Palm Oil Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Palm Oil Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Palm Oil Market Size by Country
11.3.1 Middle East & Africa Palm Oil Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Palm Oil Consumption Value by Country (2020-2031)
11.3.3 Turkey Market Size and Forecast (2020-2031)
11.3.4 Egypt Market Size and Forecast (2020-2031)
11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
11.3.6 South Africa Market Size and Forecast (2020-2031)
12 Market Dynamics
12.1 Palm Oil Market Drivers
12.2 Palm Oil Market Restraints
12.3 Palm Oil Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Palm Oil and Key Manufacturers
13.2 Manufacturing Costs Percentage of Palm Oil
13.3 Palm Oil Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Palm Oil Typical Distributors
14.3 Palm Oil Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
FGV Holdings Berhad
IOI Group
Sime Darby Berhad
Musim Mas
Astra Agro Lestari
Bumitama Agri
Genting Group
Kuala Lumpur Kepong Berhad (KLK)
Wilmar International
Royal Golden Eagle
Indofood Agri Resources
Golden Agri-Resources
First Resources
Sampoerna Agro
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*If Applicable.