North America Palm Oil Market to Grow at 3.70% During 2025-2033, Impelled by Growing Health Consciousness

March 10, 2025 | Chemical & Materials

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According to the latest report by IMARC Group, titled "North America Palm Oil Market Report by Application (Household Cooking, Food and Beverages, Oleo Chemicals, Personal Care, Animal Feed, and Others), and Country 2025-2033," the North America palm oil market size reached USD 2,374.2 Million in 2024. Palm oil is extracted from the fruit of palm trees that is generally used for cooking purposes across several countries. It is commonly produced by squeezing the fleshy palm fruit and crushing the kernel. It has a long shelf life and offers numerous health benefits. It is a rich source of vitamin E, calories and fat that keeps the immune system healthy. Since palm oil is also a great source of antioxidants, it aids in reducing the risks of heart diseases and age-related macular degeneration. The demand for palm oil is consistently increasing across North America due to its extremely versatile properties and functions.

North America Palm Oil Market Trends:

The market in North America is primarily driven by the rising adoption of palm oil in the preparation of numerous food items. This is supported by the increasing product utilization in bakery items, salad dressings and ready-to-eat food products. Along with this, the growing health consciousness among the masses has led to the rising consumption of superior quality edible oils, thereby creating a positive market outlook. Since palm oil remains stable at high temperatures and is resistant to oxidation, it is widely used for cooking and frying to help extend the shelf life of foods, thereby providing a boost to the market growth. With an enhanced focus on sustainable development, along with several initiatives undertaken by the government, there has been a considerable increase in the utilization of palm oil to produce biodiesel across the region, which is further positively influencing its demand. Additionally, the widespread adoption of palm oil in the formulation of personal care and cosmetics products is acting as a major growth-inducing factor. Other factors, including the easy product availability via online and offline channels and the escalating preference for online grocery stores, are favorably impacting the product uptake across North America. Looking forward, the market value is projected to reach USD 3,414.3 Million by 2033, expanding at a CAGR of 3.70% during 2025-2033.

Market Summary:

On the basis of the application, the market has been segmented into household cooking, food and beverages, oleo chemicals, personal care, animal feed and others.
Based on the country, the market has been divided into the United States and Canada.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million Tons, Billion USD
Segment Coverage	Application, Country
Countries Covered	United States, Canada
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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North America Palm Oil Market to Grow at 3.70% During 2025-2033, Impelled by Growing Health Consciousness

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