Palm Oil Market

How big is the Palm Oil Market in 2026?

Demand for frying oil, bakery fats and biodiesel feedstock is expected to carry the Palm Oil Market to USD 111.8 billion by 2036. FMI estimates the market at USD 72.0 billion in 2026 and projects a 4.5% CAGR from 2026 to 2036. The market was valued at USD 68.9 billion in 2025. Food and Beverage holds 53.0% by application in 2026. Conventional Sourcing accounts for 66.0% by certification standard, and Refined Fractions (Olein & Stearin) represent 44.0% by product type.

Supply growth and firm prices lift the value of the trade. The US Department of Agriculture estimated world palm oil output at 81.4 million tonnes in 2025/26, with India importing 8.1 million tonnes. The Malaysian Palm Oil Board recorded crude palm oil production of 20.3 million tonnes in 2025, a rise of 4.9% to a decade high. The World Bank palm oil price averaged USD 1,007 per tonne in 2025. It reached USD 1,180 per tonne in September 2026.

Traceability rules now shape who can sell into Europe. The European Commission confirmed that the Deforestation Regulation applies to large and medium companies from 30 December 2026. Golden Agri-Resources offers a qualified example of how prices and policy can affect results in opposite ways. Its first-half 2026 revenue rose 7.3% to USD 6.6 billion on higher prices, while export levies pressed on margins. One grower's results do not prove a market-wide margin squeeze.

Key Market Trends & Insights

• Indonesia is diverting more oil to fuel. Domestic biodiesel absorbed 1,350 thousand tonnes of palm oil in August 2026 against 775 thousand tonnes for food. The B50 mandate launched on 9 July 2026 lifts the crude palm oil requirement from 15.2 million tonnes to 16.3 million tonnes. Importers must now compete with a state-backed fuel programme for Indonesian supply.
• Palm oil has regained a clear discount to soybean oil. USDA reported in October 2026 that Indonesian and Malaysian palm oil traded below South American soybean oil after a sharp price fall. Soybean oil averaged USD 1,615 per tonne in September 2026. Palm oil averaged USD 1,180. A wide spread brings price-sensitive food buyers back to palm oil.
• Certified supply is growing faster than certified demand. RSPO members sold 16.2 million tonnes of certified sustainable palm oil in 2025 or about 20.0% of global supply. Member growers hold capacity for 31.4 million tonnes. Buyers who want segregated certified oil can now source it without a long lead time.

Regional Highlights

• In Europe, import volumes are falling as fuel use shrinks. The EU imported 2,845,565 tonnes of palm oil in the 2025/26 marketing year according to UFOP. That was just over 5.0% less than a year earlier. Germany moved against the trend with about 273,000 tonnes and a rise of 20.0%. Food processors in the region now set the pace of demand.
• In Asia, growth comes from the two largest importers and from Indonesia itself. USDA expects India to import 8.4 million tonnes and China 3.7 million tonnes in 2026/27. Indonesian palm oil exports reached 23,370 thousand tonnes in January to August 2026. That was 3.0% above the same period of 2025 while domestic use rose 6.8%. Exporters are balancing a home fuel market against overseas food buyers.

Palm Oil Market Size and Forecast

Table 1: Palm Oil Market Size and Forecast

Market size and forecast	Value
Market size in 2025	USD 68.9 billion
Estimated market size in 2026	USD 72.0 billion
Projected market size by 2036	USD 111.8 billion
CAGR from 2026 to 2036	4.5%

Source: Future Market Insights analysis of the palm oil market, 2026.

Analyst Perspective

“Food manufacturers buy palm oil on landed cost per tonne, melting profile and the paperwork that proves where the fruit was grown. Refiners win contracts by offering segregated certified fractions with mill-level traceability in one shipment, because a buyer cannot afford to audit each supplier alone. The qualification risk is a shipment that fails due-diligence checks at a European port after 30 December 2026 and leaves the importer holding oil it cannot sell.”

- Nandini Roy Choudhury, Principal Consultant, FMI

How is the Palm Oil Market segmented?

The palm oil market is segmented by product type, application, certification standard, and region.

• By product type: Refined Fractions (Olein & Stearin), Crude Palm Oil (CPO), Palm Kernel Oil (PKO), and Others. Mid-melting cuts used in confectionery are covered in the palm mid-fraction market.
• By application: Food and Beverage, Oleochemicals & Cosmetics, and Biofuels & Industrial.
• By certification standard: Conventional Sourcing and Certified Sustainable (CSPO). Certified volumes are assessed in more depth in the sustainable palm oil market.
• By region: North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and Middle East and Africa.

Why does Food and Beverage lead by Application in the Palm Oil Market in 2026?

Food and Beverage holds 53.0% of the Palm Oil Market by application in 2026.

Frying, bakery and confectionery uses buy the most oil in importing countries. India imported 8.1 million tonnes in 2025/26 and Pakistan 3.5 million tonnes, according to USDA. Palm olein is a liquid frying oil and palm stearin gives shortening and margarine their solid structure. Fuji Oil reported higher sales of vegetable fats for chocolate in Japan in the quarter to June 2026 as more customers adopted them. Food demand is steady because it follows population and eating habits more than policy.

Price relative to soybean oil decides how much of that demand palm oil keeps. Soybean oil traded at USD 1,615 for each tonne in September 2026 while palm oil traded at USD 1,180. Food buyers can reformulate between oils, so a narrow spread costs palm oil volume within a year. USDA noted in October 2026 that palm oil prices fell sharply and traded below South American soybean oil.

Oleochemicals & Cosmetics and Biofuels & Industrial together hold the remaining 47.0% by application. Fuel use is the fastest-moving part. Indonesian biodiesel used 1,350 thousand tonnes in August 2026 while food use accounted for 775 thousand tonnes. Importing markets still use most of their palm oil for food. In South Korea, biodiesel accounts for about 20.0% of the vegetable oil market.

Table 2: Application, 2026 Share

Leading Share	2026 market share
Food and Beverage	53.0%
All Other Segments Combined Share	47.0%

Source: Future Market Insights analysis of the palm oil market, 2026.

Why does Conventional Sourcing lead by Certification Standard in the Palm Oil Market in 2026?

Conventional Sourcing accounts for 66.0% by certification standard in the Palm Oil Market in 2026.

Most oil still moves without a chain-of-custody certificate because many buyers do not require one. RSPO reports that 16.2 million tonnes of certified sustainable palm oil were sold in 2025, about 20.0% of global supply. India and Pakistan import more than 11 million tonnes a year between them, and those buyers purchase on price. Malaysia's national MSPO standard covers more than 90.0% of planted area, but national schemes do not carry the premium that buyers in Europe pay for RSPO segregated oil.

Regulation is pushing the split towards certified oil at the margin. The European Commission confirmed that the Deforestation Regulation takes effect for large and medium companies on 30 December 2026 and for other small firms on 30 June 2027. The Commission expects its simplification package to cut compliance costs by about 75.0%. Certification does not replace the due-diligence statement, but it helps a buyer assemble the plot-level data the rule demands.

Certified Sustainable (CSPO) oil holds the remaining 34.0% by certification standard. Supply is not the constraint. RSPO member growers hold capacity for 31.4 million tonnes, which could lift the certified share towards 40.0% if demand follows. Fuji Oil sourced about 64.0% of its palm oil as RSPO certified in January to June 2025. The premium paid by such buyers funds the audits that smaller mills cannot afford on their own.

Table 3: Certification Standard, 2026 Share

Leading Share	2026 market share
Conventional Sourcing	66.0%
All Other Segments Combined Share	34.0%

Source: Future Market Insights analysis of the palm oil market, 2026.

Why do Refined Fractions (Olein & Stearin) lead by Product Type in the Palm Oil Market in 2026?

Refined Fractions (Olein & Stearin) represent 44.0% by product type in the Palm Oil Market in 2026.

Export policy in Indonesia favours refined oil over crude. The Ministry of Finance set the export levy on crude palm oil at 12.5% of the reference price from March 2026, while RBD palm olein carries 10.0%. A refiner therefore earns more by shipping olein than by shipping crude. Exporters shipped 3.6 million tonnes in August 2026 at an average crude price of USD 1,164 per tonne.

Refining margins also attract the large processors. Wilmar said its Feed and Industrial Products segment, which covers tropical oils, oilseeds and grains, and sugar, recorded a 55.0% rise in pre-tax profit to USD 591.0 million in the first half of 2026, driven in part by better tropical oil volumes and refining margins [27]. IOI Corporation reported underlying refinery profit of RM 147.1 million for the year to June 2026 and is building a new refinery and specialty fats complex in Amsterdam. Fractionation plants near consumers let processors tailor melting points for each food customer.

Crude Palm Oil (CPO), Palm Kernel Oil (PKO) and Others together hold the remaining 56.0% by product type. Palm kernel oil is a separate and much smaller stream. It averaged USD 2,093 per tonne in 2025 or more than double the crude palm oil price. Lauric oils have few substitutes in soaps and detergents.

Table 4: Product Type, 2026 Share

Leading Share	2026 market share
Refined Fractions (Olein & Stearin)	44.0%
All Other Segments Combined Share	56.0%

Source: Future Market Insights analysis of the palm oil market, 2026.

What are the key drivers restraints and opportunities?

Palm oil revenue depends on how much fruit mature estates deliver and on the price importers pay against competing oils. The same policies that support growers in Indonesia and Malaysia can raise costs for buyers abroad.

Driver

Established estates are producing more oil per hectare. MPOB recorded a fresh fruit bunch yield of 17.8 tonnes per hectare on Malaysian estates in 2025 and a national oil extraction rate of 19.7%. Yield rose 6.4% in a year. Planted area grew only 1.6% to 5.7 million hectares, so most of the output gain came from yield. Indonesian production reached 41.0 million tonnes in January to August 2026, a rise of 5.0% on the same months of 2025. Higher yields lower the cost per tonne and keep palm oil competitive against the oils covered in the edible oils and fats market.

Restraint

Traceability and export rules add cost at both ends of the chain. Large and medium EU operators must prove that oil is deforestation-free from 30 December 2026. The Commission also proposes to add certain palm oil derivatives to the product scope. In Indonesia, the export levy on crude oil rose to 12.5% of the government reference price from March 2026. Golden Agri-Resources reported that higher export tax and levy expenses held its palm segment EBITDA flat at USD 246.5 million in January to June 2026 despite higher prices. Importers pay for due diligence while exporters pay the levy, which narrows the margin left for both.

Opportunity

Specialty fractions and mill by-products offer better margins than bulk oil. AAK's Chocolate & Confectionery Fats segment earned SEK 500.0 million in operating profit in July to September 2026 on broadly flat group volumes of 509 thousand tonnes. Fuji Oil reported firm sales of cocoa butter equivalents across regions in April to June 2026. Tocotrienol extraction is a second route. A systematic review of 30 randomised trials in Nutrition Reviews concluded that palm tocotrienol-rich fraction may reduce inflammation and lipid peroxidation, while noting that optimal dosage still needs research. Mill biogas is a third. Cargill's Siriham mill captures methane from effluent to fuel steam turbines. Each of these adds revenue from fruit the mill already processes.

How do deforestation rules and export levies affect palm oil purchasing?

European buyers face a hard date. The EU Deforestation Regulation applies to large and medium operators from 30 December 2026 and to most micro and small firms from 30 June 2027. Parliament and Council negotiators agreed in December 2025 that the business first placing a product on the EU market submits the due-diligence statement. Parliament also voted on 8 July 2026 to object to a delegated act on high-risk biofuels while stating that it does not object to the phase-down of palm oil-based fuels. Fuel demand for palm oil in Europe is therefore closing while food demand continues.

Exporting countries tax the trade to fund domestic programmes. Indonesia's levy on crude palm oil is set at 12.5% of the reference price under a regulation signed on 27 February 2026. The levy pays for the biodiesel subsidy, and the 2026 allocation was set at 15.6 million kilolitres before the move to B50. By mid-September 2026 about 94.0% of Indonesian fuel stations sold B50, with 30 September 2026 set as the end of the transition. The United Kingdom is moving the other way on tariffs. With UK accession to the CPTPP on 15 December 2024, the British side said 94.0% of tariffs between the UK and Malaysia would be eliminated, with palm oil among the expected gainers. Buyers should map each rule to the origin and product grade they purchase.

What limits reliable palm oil supply and quality?

Supply depends on mature trees and on the weather. USDA cut its 2026/27 world production forecast to 78.9 million tonnes in October 2026 from 81.1 million tonnes a month earlier. Indonesia was lowered to 45.0 million tonnes. IOI Corporation expects only moderate single-digit growth in fruit production in its 2027 financial year as a seven-year replanting programme in Sabah ends. Astra Agro Lestari is replacing ageing palms through its own replanting programme. Replanted blocks take years to reach full yield, so supply responds slowly to price.

Quality rests on segregation and documentation. Fuji Oil traced 99.0% of its palm oil to mill and 95.0% to plantation in January to June 2025. Stocks also affect quality, because stored oil deteriorates. Malaysian closing stocks reached 3.1 million tonnes at the end of 2025, a rise of 78.5%. Indonesian stocks stood at 2,214 thousand tonnes at the end of August 2026. Buyers who specify free fatty acid limits and mill lists in contracts protect themselves against both problems.

Where can suppliers win additional business?

Suppliers can win business by refining close to the customer and by selling certified fractions. IOI Corporation reported that the New Orleans plant expansion at its associate Bunge Loders Croklaan has been completed and that an Amsterdam refinery and specialty fats complex is scheduled from the second quarter of FY2027. Bunge's tropical oils segment shipped 674 thousand tonnes in July to September 2026, up from 639 thousand tonnes. Processors that blend palm fractions with other oils compete across the wider fats and oils market. Smallholder credits give a further channel. Independent smallholders earned USD 7.9 million from RSPO credit sales in 2025. A refiner that bundles oil, certificates and plot data into one contract removes work that the buyer would otherwise have to do.

Palm Oil Market by Country (2026 to 2036)

Table 5: Palm Oil Market Country Growth Forecast

Country	CAGR, 2026 to 2036
United Kingdom	5.5%
Canada	5.0%
United States	4.7%
South Korea	4.3%
Japan	4.0%
Germany	3.6%

Source: Future Market Insights analysis of the palm oil market, 2026.

United Kingdom

The United Kingdom now trades with Malaysia under the CPTPP, the first full free trade agreement between the two countries. UK accession took effect on 15 December 2024, and the British side said the agreement would eliminate 94.0% of tariffs between the two countries. Malaysia's trade minister expected the deal to lift exports of sustainable palm oil to Britain. Lower landed cost gives British food manufacturers a reason to favour Malaysian olein and stearin over EU-refined oil. That cost advantage is the main reason the United Kingdom carries the highest rate in the profiled group at a 5.5% CAGR for 2026 to 2036.

Rules are being written at the same time. On 23 June 2026 the UK government announced plans for mandatory due diligence on soy, palm oil, cocoa and rubber in Great Britain. A consultation follows later in the year. The EU Deforestation Regulation will apply in Northern Ireland in phases from 30 December 2026. The government said UK consumption of these goods was linked to about 29,000 hectares of deforestation in 2023. Importers will need plot-level data for both regimes within a short period.

The UK has no Indonesian-style biodiesel pull on palm oil. Revenue therefore tracks bakery, snack and spread manufacturing. A buyer can now bring certified oil from Malaysia at a cost that was not available before 2025. The risk concerns the timing of the new rules. If Great Britain adopts a standard that differs from the EU text, importers serving both markets will run two documentation systems. Suppliers with refineries inside the UK can absorb that work for their customers.

Canada

Canada treats palm oil as a food ingredient and keeps it out of its fuel programme. Agriculture and Agri-Food Canada stated in June 2026 that palm oil is ineligible as a feedstock under the Clean Fuel Regulations. The department flagged the risk that imported used cooking oil could be mislabelled palm oil, and said traceability checks exist to detect it. Canadian demand is therefore confined to food, oleochemical and consumer goods uses.

Trade terms with the largest producer are changing. By Order of 12 June 2026, the Governor in Council fixed the entry into force of the Canada-Indonesia economic partnership agreement (CEPA) as the day its implementing act comes into force. The explanatory note estimates that eliminating customs duties on Indonesian goods will forgo about CAD 125.0 million a year in revenue. The agreement takes effect in international law on the first day of the second month after both sides exchange notes.

Canadian processors import refined fractions because the country has no palm refining of its own at scale. Once the agreement is in force, lower duties on Indonesian goods will cut the cost of shortenings and margarines made in Ontario and Quebec. Canola oil competes hard in the same plants. Canada used 0.9 million tonnes of canola for biodiesel in 2023/24 and canola oil remains the main domestic feedstock. Palm oil wins where a solid fat is needed, so its growth in Canada follows bakery and confectionery output more than total oil use. Those uses and lower duties on Indonesian supply carry Canada to a 5.0% CAGR across 2026 to 2036.

United States

US palm oil imports are recovering after a dip. USDA estimated imports at 1.5 million tonnes in 2025/26 and forecasts 1.7 million tonnes in 2026/27. The United States buys refined oil for food and oleochemical use, and the price spread against soybean oil sets the pace. Soybean oil averaged USD 1,615 a tonne in September 2026 and palm oil USD 1,180. A spread that wide encourages shortening and snack makers to switch to palm fractions.

Label rules shape how food companies use the oil. The FDA's updated definition of the "healthy" claim took effect on 28 April 2025, with three years for products to conform. Certain oils now qualify for the claim if they meet limits on saturated fat. Palm oil is high in saturated fat, so products that lean on it will find the claim harder to earn. Formulators respond by blending palm stearin with liquid oils to meet a target profile.

Bunge's Tropical Oils and Specialty Ingredients segment recorded net sales of USD 1,295.0 million and volumes of 674 thousand tonnes in the third quarter of 2026. That refining base near the Gulf Coast is why the United States grows at a 4.7% CAGR between 2026 and 2036. The company booked commissioning and ramp-up costs for new tropical oils capacity in the same quarter, and IOI Corporation reported that the New Orleans expansion at Bunge Loders Croklaan is complete. New capacity will be filled with imported crude and olein. Adjusted segment EBIT fell to USD 16.0 million from USD 51.0 million, which shows how trade disruption can reduce margins even when volumes rise. Buyers can expect more locally fractionated product and more competition among refiners for the same food accounts.

South Korea

South Korean demand for palm oil swings with price more than in most markets. USDA reported that Korean palm oil imports fell in 2024/25 because of high prices and expected them to return to average levels in 2025/26. Palm oil substitutes for soybean and rapeseed oil in Korean food processing, so market shares shift when relative prices move. Instant noodle and snack producers are the core buyers of palm olein.

Biodiesel gives a second and growing outlet. The IEA records Korea's renewable fuel standard at a 4.0% blend through 2026, rising to 4.5% through 2029 and 5.0% from 2030. USDA estimates that biodiesel already accounts for about 20.0% of the Korean vegetable oil market and expects that share to rise with the mandate. Palm methyl ester competes with used cooking oil and other feedstocks for that volume. The mandate steps of 2027 and 2030 are the basis of the 4.3% CAGR South Korea records between 2026 and 2036.

Food demand grows slowly in a market with a shrinking population, so fuel policy carries most of the increase. Korea imports almost all of its vegetable oil, which exposes refiners to the Indonesian levy and to Malaysian stock cycles. Suppliers that can offer certified olein for food and lower-grade oil for fuel from the same origin can serve both buyers. The main uncertainty is substitution. USDA observed palm oil trading below South American soybean oil in October 2026. A reversal of that spread would push Korean processors back to soybean oil within months.

Japan

Japan buys palm oil for specialty food fats and for a biomass power sector that has become cautious. MPOB counted about 590,000 tonnes of Malaysian palm oil exports to Japan in 2025 or 3.9% of Malaysia's total. USDA observed that imported oils such as palm and olive oil have become expensive, which gives domestically crushed soybean and canola oils a price advantage. Japanese refiners therefore compete on function instead of price.

Specialty fats are the growth pocket. Fuji Oil's Vegetable Oils and Fats segment lifted sales 13.7% to JPY 71.9 billion in the quarter to June 2026. Sales of vegetable fats for chocolate rose in Japan as more customers adopted them. RSPO certified oil made up about 64.0% of the company's palm sourcing in January to June 2025 and 95.0% was traced to plantation. Japanese confectioners pay for that assurance because retailers ask for it.

Japan's 4.0% CAGR over 2026 to 2036 rests on specialty fat demand in a market with high traceability expectations. RSPO reported its fastest membership growth in China, Indonesia and Japan. That points to more certified demand from Japanese brands. Volume growth is limited by a falling population and by substitution towards domestic oils when palm oil is dear. Fuji Oil noted that palm prices stayed high through mid-2026 on biofuel demand and El Nino concerns. Refiners able to deliver cocoa butter equivalents and segregated fractions to Japanese plants will keep their share. Bulk olein sellers will struggle against soybean and canola oil.

Germany

Germany is a refining and food-processing market inside a region that is cutting palm oil use for fuel. UFOP reported that German palm oil imports rose about 20.0% to roughly 273,000 tonnes in the 2025/26 marketing year. EU imports fell just over 5.0% to 2,845,565 tonnes in the same year. The Netherlands remained the main entry point at about 1.1 million tonnes. German buyers draw on Dutch refineries as well as on direct shipments.

Regulation defines the German outlook more than price does. Large and medium operators must comply with the Deforestation Regulation from 30 December 2026. Parliament and Council negotiators agreed in December 2025 that the business first placing a product on the market submits the due-diligence statement. In its July 2026 objection to a delegated act on high-risk biofuels, Parliament stated that it does not object to the phase-down of palm oil-based fuel. German biodiesel producers have moved to waste oils, so food and oleochemical buyers now account for almost all palm oil demand.

Growth comes from bakery fats, infant formula and oleochemicals and not from fuel. IOI Corporation's new Amsterdam complex is scheduled from Q2 of financial year 2027 and will serve German customers with specialty fats refined inside the EU. Compliance costs fall on importers, although the Commission expects its simplification package to cut them by about 75.0%. Buyers that have built plot-level data with their suppliers before December 2026 will keep their supply. Those that have not will face a scramble for certified segregated oil. That compliance burden on a food-only demand base leaves Germany with the lowest growth among the six profiled markets, a 3.6% CAGR over 2026 to 2036.

Who are the notable companies in the Palm Oil Market?

Wilmar International, Golden Agri-Resources, IOI Corporation and Bunge occupy the four main commercial positions in palm oil. Wilmar refines and trades tropical oils across Asia and reported first-half 2026 revenue of USD 38.6 billion, with improved tropical oil volumes and margins. Golden Agri-Resources grows and processes oil in Indonesia and lifted first-half 2026 revenue by 7.3% to USD 6.6 billion on higher prices, while export levies held segment EBITDA flat. IOI Corporation combines Malaysian estates with refineries and oleochemical plants and reported FY2026 revenue of RM 11.8 billion. Bunge refines and fractionates imported oil close to North American and European customers through its Tropical Oils and Specialty Ingredients segment.

Plantation groups are using land and cash flow in different ways. Astra Agro Lestari raised first-half 2026 net profit by 56.5% to IDR 1.1 trillion and is replanting ageing palms. SD Guthrie agreed on 29 October 2026 to transfer about 1,623 acres of freehold land in Selangor into an industrial joint venture for about RM 933.6 million. Musim Mas published a 2026 to 2030 sustainability policy in February 2026 built around sustainable production, responsible sourcing and smallholder support. Cargill captures methane at its Siriham mill and flares it at Manis Mata.

Specialty fat producers compete on formulation and certification. AAK earned SEK 500.0 million in its Chocolate & Confectionery Fats segment in the September 2026 quarter. Fuji Oil buys mainly RSPO certified palm oil and sells cocoa butter equivalents in Japan, Europe and the Americas. Buyers should compare each supplier on traceability data, fraction range and refinery location before they sign a multi-year contract.

Key Developments in the Palm Oil Market

• In August 2026 IOI Corporation reported that its new Amsterdam refinery and specialty fats complex is scheduled for completion in stages from the second quarter of its 2027 financial year. It also reported that the New Orleans expansion at its associate Bunge Loders Croklaan has been completed.
• On 29 October 2026 Bunge reported commissioning and ramp-up costs for new tropical oils capacity in its third-quarter results. Tropical Oils and Specialty Ingredients volumes reached 674 thousand tonnes.
• In August 2026, PT Astra Agro Lestari Tbk reported net profit attributable to owners of the parent entity of IDR 1.10 trillion for the first half of 2026, an increase of 56.5% from IDR 702 billion in the first half of 2025. The company attributed the improvement to production cost efficiencies and stronger crude palm oil prices, and noted that its replanting programme for ageing palms is ongoing [31].

Key Players in the Palm Oil Market

• Wilmar International Limited
• SD Guthrie Berhad
• Golden Agri-Resources Ltd
• IOI Corporation Berhad
• Kuala Lumpur Kepong Berhad (KLK)
• Musim Mas Holdings
• PT Astra Agro Lestari Tbk
• Cargill, Incorporated
• Bunge Global SA
• AAK AB
• Fuji Oil Holdings Inc.

Palm Oil Market Report Scope

Table 6: Palm Oil Market Report Scope

Coverage field	Report scope
Market definition	Sales value of crude palm oil, refined palm oil fractions and palm kernel oil sold to food, oleochemical, cosmetic, biofuel and industrial buyers. Oil palm biomass and empty fruit bunches are excluded.
Product Type	Refined Fractions (Olein & Stearin); Crude Palm Oil (CPO); Palm Kernel Oil (PKO); Others
Application	Food and Beverage; Oleochemicals & Cosmetics; Biofuels & Industrial
Certification Standard	Conventional Sourcing; Certified Sustainable (CSPO)
Buyer groups	Food manufacturers; oleochemical and personal care producers; biodiesel blenders; traders and refiners
Policy coverage	EU Deforestation Regulation; Indonesian export levy and biodiesel mandate; Malaysian MSPO; UK and Canadian trade and due-diligence rules
Regions covered	North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, Middle East and Africa
Profiled markets	United Kingdom, Canada, United States, South Korea, Japan, Germany
Companies covered	Wilmar International Limited; SD Guthrie Berhad; Golden Agri-Resources Ltd; IOI Corporation Berhad; Kuala Lumpur Kepong Berhad (KLK); Musim Mas Holdings; PT Astra Agro Lestari Tbk; Cargill, Incorporated; Bunge Global SA; AAK AB; Fuji Oil Holdings Inc.
Quantitative Units	USD billion

Source: Future Market Insights analysis of the palm oil market, 2026.

Palm Oil Market Research Methodology

The palm oil assessment draws on USDA supply and trade tables, producer-country statistics, World Bank price data, certification body reports and company disclosures. FMI measures the annual sales value of crude oil, refined fractions and palm kernel oil to end-use buyers. Segment values are classified by product type, application and certification standard. Country forecasts reflect local food demand, fuel policy, trade terms and compliance rules over the same 2026 to 2036 period. Production, export, stock and price series are reviewed as separate measures.

Palm Oil Market by Segments

Palm Oil Market segmented by Product Type:

• Refined Fractions (Olein & Stearin)
• Crude Palm Oil (CPO)
• Palm Kernel Oil (PKO)
• Others

Palm Oil Market segmented by Application:

• Food and Beverage
• Oleochemicals & Cosmetics
• Biofuels & Industrial

Palm Oil Market segmented by Certification Standard:

• Conventional Sourcing
• Certified Sustainable (CSPO)

Palm Oil Market by Region

• North America
  • United States
  • Canada
• Latin America
  • Colombia
  • Brazil
  • Mexico
  • Argentina
  • Chile
• Western Europe
  • United Kingdom
  • Germany
  • France
  • Netherlands
  • Italy
  • Spain
  • Benelux
  • Nordics
• Eastern Europe
  • Poland
  • Czech Republic
  • Romania
  • Hungary
• East Asia
  • South Korea
  • Japan
  • China
• South Asia and Pacific
  • India
  • Indonesia
  • Malaysia
  • Australia and New Zealand
• Middle East and Africa
  • GCC Countries
  • Nigeria
  • South Africa
  • Türkiye

Research Sources and Bibliography

• [1] U.S. Department of Agriculture, Foreign Agricultural Service. (2026, October). Oilseeds: World Markets and Trade.
• [2] World Bank. (2026, October 2). Commodity Price Data (The Pink Sheet), October 2026.
• [3] Malaysian Palm Oil Board, Economics and Industry Development Division. (2026). Overview of the Malaysian Oil Palm Industry 2025. https://bepi.mpob.gov.my/images/overview/Overview2025.pdf
• [4] Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI). (2026, October 10). Ekspor Sawit Agustus 2026 Naik 12,56%, Stok Turun. https://gapki.id/news/2026/10/10/ekspor-sawit-agustus-2026-naik-1256-stok-turun/
• [5] Roundtable on Sustainable Palm Oil. (2026, August 4). Certified Sustainable Palm Oil market share signals potential for 40%. https://rspo.org/certified-sustainable-palm-oil-market-share-signals-potential-for-40/
• [6] European Commission. (2026, May 4). Commission publishes simplification review of EU Deforestation Regulation (IP/26/941).
• [7] European Parliament. (2025, December 4). Deforestation law: deal with Council to postpone and simplify measures. https://www.europarl.europa.eu/news/en/press-room/20251201IPR31711/
• [8] European Parliament, Legislative Observatory. (2026, July 8). Objection to the Commission delegated regulation of 10 April 2026 amending Delegated Regulation (EU) 2019/807 on high indirect land-use change-risk fuels. https://oeil.europarl.europa.eu/oeil/en/document-summary?id=1909021
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