Global Palm Oil Market Edition 2025: Industry Size to Reach USD 77.54 Billion by 2033, CAGR of 3.42%

According to the latest report by IMARC Group, titled "Palm Oil Market Report by Application (Household Cooking, Food & Beverages, Oleo Chemicals, Personal Care, Animal Feed, Bio-fuel), and Region 2025-2033", offers a comprehensive analysis of the industry, which comprises insights on the global animal health market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global palm oil market size reached USD 57.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 77.5 Billion by 2033, exhibiting a growth rate (CAGR) of 3.42% during 2025-2033.

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Global Palm Oil Market Dynamics:

Increasing Demand from Food and Beverage Industries:

The global palm oil market is aided by the ever-growing food and beverage industries. Palm oil is semi-solid at room temperature and economically versatile, which makes it a crucial ingredient in processed foods, cooking oils, confectionery, and bakery-related foods. Along with the increasing world population, shifting dietary preferences and high consumption of processed foods in global markets continue to drive the demand for palm oil. Its neutral taste also makes palm oil a predominant oil for cooking which further increases its use and market availability.

Growing Applications in the Oleochemical and Biofuel Sectors:

Outside of palm oil's dominant use in the food industry, its applications extend in the biofuel and oleochemical industries. Palm oil is increasingly used in the oleochemical industry as it serves as an excellent feedstock for many grade-A chemicals like soaps, detergents, fatty acid based cosmetics, and more. Increased awareness of hygiene fuels the ever-growing demand for these products which further broadens the scope of the market. Additionally, palm oil is increasingly being used as a feedstock for biodiesel production, particularly in regions seeking renewable energy sources. Government mandates and incentives promoting biofuel adoption further bolster the demand for palm oil in this sector, presenting significant growth opportunities.

Heightened Environmental Concerns and Sustainability Initiatives:

The green tea market is witnessing significant growth in the Asia Pacific region on account of the healthcare oriented beverages and spending by the middle class. The green tea market is expected to grow due to increase in income levels which allows consumers to spend on premium products. Urbanization is also a factor which leads to packed lifestyle and increase in demand for packaged food which includes RTD (ready to drink) green tea. The emerging economies, especially the ones in the Asia Pacific, are expected to be the key drivers for the growth in green tea market because of the strong association and the positive conditions of the economy.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Palm Oil Market Report are Given Below:
• Archer-Daniels-Midland Company
• Asian Agri
• Boustead Holdings Berhad
• IJM Corporation Berhad
• IOI Corporation Berhad
• Kuala Lumpur Kepong Berhad
• Kulim Malaysia Berhad (Johor Corporation)
• PT Dharma Satya Nusantara Tbk
• PT PP LONDON SUMATRA INDONESIA TBK
• PT Sampoerna Agro Tbk
• PT. Bakrie Sumatera Plantations tbk
• Sime Darby Plantation Berhad
• United Plantations Berhad
• Univanich Palm Oil Public Company Ltd.
o Wilmar International Ltd.

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Global Palm Oil Market Trends:

Aside from the Asia Pacific, the rest of the regions have also shown an inclination towards green tea which is an indicator of the rapid growth of green tea market all over the globe. The growing demand for bottled and ready to drink beverages especially in these countries is expected to provide manufacturers with many opportunities. The rest of the world is also adapting to the new lifestyle changes which provide the manufacturers new channels to explore. One of the industries which is expected to benefit from these changes are the travel and tourism.

The global green tea market is currently characterized by several dynamic trends. The most emerging ones include the rising interest toward organic products and ethically sourced goods. There is a positive shift in the social and ecological consequences of the purchasing decision people make. This shift in trend alters the consumer demand and sourcing from sustainable farming practices and fair trade instruments is growing. As a consequence of this shift in preference, manufacturers are becoming encouraged to pursue sustainable learning practices.

Key Market Segmentation:

Breakup by Application:

• Household Cooking
• Food & Beverages
• Oleo Chemicals
• Personal Care
• Animal Feed
• Bio-fuel

Household cooking dominates the market

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.