Low cholesterol level in sustainable palm oil is expected to drive market expansion in the near future at a CAGR of 4.50% during the forecast period 2024 to 2032.

Market Research Future (MRFR) has published a cooked research report on the "Global Sustainable Palm Oil Market" that contains information from 2019 to 2032. The sustainable palm oil market is estimated to register a CAGR of 4.50% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global sustainable palm oil market - Golden Agri Resources Limited, Hap Seng Plantation Holdings Berhad, SIPEF Group Belgium, Kuala Lumpur Kepong, IOI Corporation Berhad, Sime Darby Plantation Sendirian Berhad, New Britain Palm Oil Limited, Wilmer International Limited, Cargill, and Kulim Berhad.

Market Highlights

The global sustainable palm oil market is accounted to register a CAGR of 4.50% during the forecast period and is estimated to reach USD 1.359 billion by 2032.

The growing need for palm oil across a wide range of industries, including food & beverage, personal care and cosmetics, restaurants, and even household products, is anticipated to propel the global market for sustainable palm oil. The baking company uses sustainable palm oil in their products because of its creamy and smooth texture and, when used, lack of smell. Foods that have a longer shelf life benefit from the fact that palm oil does not quickly go rancid. Government regulations on deforestation are another factor propelling the rise of sustainable palm oil since the RSPO has passed laws that forbid producers from endangering the environment and wildlife. Furthermore, it is anticipated that using palm oil as an ingredient will increase sales of sustainable palm oil worldwide.

Segment Analysis

The global sustainable palm oil market has been segmented into type, distribution channel, and end-use.

On the basis of type, the market is segmented into Palm Kernel Oil, Red Palm Oil, White Palm Oil, and Fractional Palm Oil. The fractional palm oil segment was attributed to holding the largest market share in 2023. The fractionated palm oil is easily accessible and available at a reasonable cost. Low-income nations greatly value its popularity since it is widely accessible and fairly priced for the general populace.

Based on distribution channel, the global sustainable palm oil market has been segmented into Online and Offline. The offline segment was expected to hold the largest market share in 2023. This is the outcome of increased customer awareness and the desire for ecologically friendly items. Stores, specialty shops, and organic markets are examples of offline channels that put consumers directly in touch with those interested in sustainable solutions and provide them the chance to contribute while learning.

Based on end-use, the global sustainable palm oil market has been segmented into Food, Soap and Detergents, Cosmetics, Bakery Products, Confectionery Products, Margarine, Ice Cream, and Pet Food. The food segment was expected to hold the largest market share in 2023. Because of the industry's increasing usage of palm oil for finished goods and the expansion of product portfolios that require it as a raw material, food products hold a sizable portion of the market. Furthermore, the increasing population has an impact on the food sector, which is expanding, and this has raised the demand for items globally.

Regional Analysis

The global sustainable palm oil market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe sustainable palm oil market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The sustainable palm oil market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World sustainable palm oil market comprises the Middle East, Africa, and Latin America.

The largest market share for sustainable palm oil was maintained by the North American regional sector because the region's populace is becoming more aware of affordable oils and because sustainable palm oil is finding quick use in a variety of industries. Furthermore, it is predicted that the arrival of new competitors will quicken the expansion of the industry in the area.

Moreover, the Europe market has been persistently growing over the forecast period due to the rising demand from consumers for palm oil that is produced responsibly and ethically. Furthermore, the main factor driving the need for sustainable palm oil in Europe is the growing demand for snacks and processed foods in the food industry. The fact that soaps, shampoos, and other personal care products use palm oil is what essentially drives the need for palm oil in the personal care industry.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The region's growing population and rising demand from end-use industries like the food and beverage industries are attributable to both increased consumption and population expansion. The causes of the region's high palm oil consumption are the countries' diverse eating habits, rapid population growth, and unpredictable demographic patterns.

Furthermore, the rest of the world's sustainable palm oil market is divided into the Middle East, Africa, and Latin America. The rest of the world is increasingly embracing sustainable palm oil as people become more aware of environmental sustainability and the adverse impacts of conventional palm oil production. Similarly, businesses have adopted sustainable practices in response to consumer demands for things that are ethically sourced. Moreover, regional businesses push for the sustainable use of palm oil through regulatory interventions and certification schemes.

Key Findings of the Study

• The global sustainable palm oil market is expected to reach USD 1.359 billion by 2032, at a CAGR of 4.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because of the expanding demand for end-use industries, particularly the food and beverage sectors, and the region's expanding population.


• Based on end-use, the food segment was attributed to holding the largest market in 2023, with an approximate market share of 35%.


• Golden Agri Resources Limited, Hap Seng Plantation Holdings Berhad, SIPEF group Belgium, Kuala Lumpur Kepong, IOI Corporation Berhad, Sime Darby Plantation Sendirian Berhad, New Britain Palm Oil Limited, Wilmer International Limited, Cargill, and Kulim Berhad are the key market players.