Datetime: 2026-01-29 01:15:58 Visit: 7358
Global Palm Kernel Oil Market Expands Steadily
The global palm kernel oil market grows steadily, driven by its wide use in food & beverage, personal care, biodiesel, and industrial sectors. Valued at $50.03 billion in 2023, it is projected to expand at a 4.8% CAGR (2024-2030) to reach $69.46 billion by 2030, per industry data.
Its affordability, thermal stability, and versatility make it a top ingredient. Growth is fueled by a rising global population, higher processed food demand, and booming cosmetic/personal care consumption.
Extracted from Elaeis guineensis palm kernels, this oil boasts high-temperature stability and a long shelf life. Unlike pulp-derived crude palm oil, it is used in chocolate, baked goods, confectionery, and commercial cooking.
It also acts as a key raw material for soaps, detergents, cosmetics, lubricants, and surfactants, boosting cross-industry demand.Its lower cost than alternative oils drives adoption in emerging economies, as industries seek cost-effective, functional raw materials.
Sustainability Takes Center Stage
Sustainability is a key market driver, with deforestation and biodiversity concerns prompting regulatory and industry action. Stakeholders focus on responsible farming, reduced environmental harm, and better supply chain traceability.
Manufacturers invest in sustainability certifications and advanced cultivation to meet regulations and consumer demands. While raising short-term costs, this boosts long-term credibility, especially in developed regions.
Asia Pacific Leads Global Market
Asia Pacific dominates the market, supported by abundant raw materials, large-scale cultivation, and strong demand from food and personal care sectors. Indonesia, Malaysia, India, and China lead in production and consumption.
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