The global palm oil market reached a value of US$ 48.1 Billion in 2020. The market to grow at a CAGR of 4.4% during 2021-2026.

Palm oil is generally used for food production, Cooling/frying oil, shortenings, and margarine and confectionery fats. These products have high demand in the consumer market which leads the palm oil market to be booming.

Palm oil market will reach an estimated valuation of USD 148.47 billion by 2027 from USD 82.63 billion in 2019, while registering this growth at a rate of 7.60% for the forecast period of 2020 to 2027