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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Palm Kernel Oil Market Size
The global palm kernel oil market size attained a value of 15.8 billion in 2023. The market is expected to grow at a CAGR of 4.3% between 2024 and 2032, reaching almost 23.1 billion by 2032.
Palm Kernel Oil Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is expected to grow at a CAGR of 4.3% between 2024 and 2032.
The major drivers of the market include the increasing biodiesel use in vehicles, surging consumption of processed food and beverage goods, and the rising demand for the product as a cooking oil.
The increasing customer demand for naturally formulated personal care and beauty products and rising health consciousness are the key trends propelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of palm kernel oil are edible oil, cosmetics, bio-diesel, lubricants, and surfactants, among others.
The major players in the market are Cargill Inc., Wilmar International Limited, Sime Darby, Golden Agri Resources Limited, and Godrej Agrovet Limited, among others.
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