What Is the Current Size of the Global Palm Oil Market and Who Are the Key Players Driving Its Growth?
Global palm oil Market is valued at approximately USD 90 billion in 2024 , fueled by rising demand in food and cosmetics industries, expanding biofuel applications, and increasing global population. Sustainable sourcing and technological advancements also play crucial roles in market expansion. Curious about emerging trends, innovations, and strategic shifts shaping the Global palm oil Market ? Explore detailed insights and stay ahead with expert analysis from Ken Research , your trusted source for comprehensive market intelligence. Growth Drivers in the Global palm oil Market Key factors fueling the expansion of the global palm oil market, including demand trends, production data, and emerging opportunities include: By 2027, palm oil demand is projected to exceed 83 million tons , driven by its cost-effectiveness and versatility in food and industrial uses, reflecting rising consumption in Asia-Pacific markets. Indonesia and Malaysia contribute over 85% of global pal...