Palm Oil Market Insights Growth During the Forecast Period
Edited-
Palm Oil Industry is expected to grow from 71.94(USD Billion) in 2024 to 90 (USD Billion) by 2035. The Palm Oil Market CAGR (growth rate) is expected to be around 2.05% during the forecast period (2025 - 2035).
The global palm oil market has witnessed significant transformations in recent years, driven by evolving consumer preferences, regulatory changes, and technological advancements. As of 2025, the market is poised for continued growth, albeit with emerging challenges that stakeholders must navigate to ensure sustainable and ethical practices.
Key Players are:
Golden AgriResources, Musim Mas, Wilmar International, AustAsia Group, Cargill, Kagum Palm Oil, ADM, Daabon Group, Tanjung Agung Palm Oil, New Britain Palm Oil, First Resources, Bumitama Agri, BASF, IOI Corporation, Sime Darby Plantation
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Industry Developments
The palm oil industry has experienced notable shifts, particularly in production dynamics. Indonesia, the world's largest producer, has implemented policies to increase the mandatory palm oil content in biodiesel to 40%, with considerations for further increases. This move aims to bolster domestic energy needs but has implications for export volumes, potentially reducing Indonesia's palm oil exports to 20 million metric tons by 2030 from 29.5 million in 2024 .
Simultaneously, the European Union's upcoming Deforestation Regulation, effective from December 30, 2025, mandates that importers ensure their products do not contribute to deforestation. This regulation applies to commodities like palm oil and has raised concerns among producing countries about potential disruptions in global supply chains .