The Palm Kernel Oil Industry is experiencing steady growth, driven by its diverse applications in food, cosmetics, and renewable energy sectors.​

Market Size & Growth

• 2023 Market Size: Approximately USD 50.03 billion

• Projected 2030 Market Size: USD 69.46 billion

• Compound Annual Growth Rate (CAGR): 4.8% from 2024 to 2030

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Market Drivers

• Edible Oil Demand: Increasing consumption of palm kernel oil in cooking and food processing.

• Cosmetics & Personal Care: Growing use in skincare and haircare products due to its moisturizing properties.

• Biodiesel Production: Rising adoption of palm kernel oil in biodiesel formulations.

• Sustainability Trends: Shift towards eco-friendly and certified sourcing practices.

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Regional Insights

• Asia-Pacific: Dominates production and consumption, with Indonesia and Malaysia as key players.

• North America & Europe: Increasing import and usage, particularly in cosmetics and biofuels.​

Market Segmentation

• By Product:

  • Fractionated Palm Kernel Oil

  • Primary Palm Kernel Oil​

• By Application:

  • Edible Oil

  • Biodiesel

  • Cosmetics

  • Lubricants

  • Surfactants

  • Others​

Market Outlook

The palm kernel oil market is expected to continue its growth trajectory, driven by sustained demand across various industries and regions.​