The Asia Pacific palm oil market was valued at USD 55.28 Billion in 2025. The industry is expected to grow at a CAGR of 4.70% during the forecast period of 2026-2035 to attain a valuation of USD 87.51 Billion by 2035.
Base Year
Historical Period
Forecast Period
According to the Union Minister of Agriculture, India produced about 28,022 metric tons of palm oil in 2020-21.
According to the IEA, Asia will see a growth of 10.8 billion litres per year in biofuel between 2021 and 2026.
Data from State Council China revealed pharmaceutical industry business revenue is growing annually by 9.3% since its 14th five-year plan (2021-25).
Compound Annual Growth Rate
4.7%
Value in USD Billion
2026-2035
*this image is indicative*
Crude palm oil is fueling the Asia Pacific palm oil market, propelled by increased consumption in emerging economies, government initiatives promoting sustainable fuels, and a growing demand for cosmetic products among young people.
Crude palm oil serves as raw material for many food processing, cosmetics, and biofuel productions. They are mostly used across developing countries for cooking due to their lower cost of production. Due to their cleansing property, they are used by many big brands to produce soap and detergent. Also, CPO plays a crucial role in environment conservation as it is used to produce biofuels.
In July 2023, India conducted a mega plantation drive to expand its oil palm cultivation under the National Mission for Edible Oils. Major palm oil companies like Patanjali Food Pvt. Ltd., Godrej Agrovet, and 3F collaborated with state governments to cover approximately 7750 hectares across different states of India, covering its southern and northeastern parts.
RBD palm oil undergoes a refining process to improve its flavour, colour and shelf life, making it suitable for food industries. It is used as a cooking oil in the food industry due to its neutral flavour and stable properties, mostly used across confectioneries and baking shops. Due to its low cost compared to other vegetable oils, they are widely used across consumer and industrial food products.
Asia Pacific Palm Oil Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Region
Palm oil serves as a renewable energy source that diminishes fossil fuel dependence and emissions, bolstering economic growth and rural development. In pharmaceuticals, its nutrients and bioactive compounds enhance drug absorption, and controlled release, and offer anti-inflammatory and antimicrobial advantages, all while being cost-effective and sustainably sourced.
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers and acquisitions, investments, and capacity expansion.
The companies manage extensive palm oil plantations, emphasizing sustainable and efficient cultivation techniques to produce premium palm oil. It operates nurseries and conducts breeding programs to develop high-yield oil palm varieties. Furthermore, the companies carry out refining and fractionation to create refined palm oil products for industrial and consumer markets.
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The market is projected to grow at a CAGR of 4.70% between 2026 and 2035.
Based on product, the market is divided into crude palm oil, RBD palm oil, palm kernel oil and fractionated palm oil.
The key players in the industry are Wilmar International Ltd., IOI Corporation Berhad, Golden Agri-Resources Ltd.,United Plantations Berhad, Sime Darby Plantation Berhad, Kuala Lumpur Kepong Berhad, PT Sampoerna Agro, Tbk, Univanich Palm Oil Public Company Limited, Asian Agri, and PT Bakrie Sumatera Plantations Tbk., among others.
The palm market is categorised based on distribution channels, which include direct and indirect distribution methods.
Based on the end use, the market is divided into food and beverage, personal care and cosmetics, biofuel and energy and pharmaceutical industry, among others
The market is broken down into China, Japan, India, ASEAN, and Australia
In 2025, the market attained a value of nearly USD 55.28 Billion.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 87.51 Billion by 2035.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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