Palm Kernel Oil Market

Market Overview:

The global palm kernel oil market size reached USD 15.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 22.3 Billion by 2033, exhibiting a growth rate (CAGR) of 3.97% during 2025-2033. The widespread product utilization in manufacturing personal care products, the increasing product demand to produce biofuel, and the rising expenditure capacities of consumers represent some of the key factors driving the market.

Palm kernel oil is an edible plant oil derived from the seeds of the oil palm Elaeis guineensis. It is a white to yellowish saturated vegetable fat that is semi-solid at room temperature. It is rich in fatty acids and vitamins A, E, and K, which are essential for maintaining good health. Palm kernel oil is widely used in cooking, cosmetic products, lubricants, and detergents. It consists of unsaturated fats, tocotrienols, and anti-oxidants, which exhibit anti-aging properties. As compared to palm oil, palm kernel oil has a higher saturated content and is used in the processing of soap, cream, lotion, and milk. It also assists in promoting heart, bone, and eye health, preventing aging, softening skin, and wound healing.

Palm Kernel Oil Market Trends:

The increasing demand for personal care products across the globe is one of the key factors driving the market growth. Palm kernel oil is widely used in soaps, cosmetics, creams, and lipstick due to its moisturizing and texturizing properties. In line with this, the widespread product adoption owing to its multiple benefits, such as skin hydration, foaming, softening, and texturizing actions in finished products, is favoring the market growth. Moreover, the increasing consumer inclination toward naturally formulated personal care and beauty products is acting as another growth-inducing factor. Apart from this, manufacturers are focusing on sustainable palm kernel oil production that helps to reduce deforestation, and protect wildlife habitats, due to the rising environmental consciousness among the masses, which is providing an impetus to the market growth. Additionally, the widespread product utilization for high-heat commercial cooking methods, such as frying, is propelling the market growth. Furthermore, the introduction of improved extraction methods, including direct screw-pressing, partial pre-treatment, and complete pre-treatment, that has led to more efficient and cost-effective methods of producing palm kernel oil is creating a positive outlook for the market. Besides this, the increasing product demand for the production of biofuel that is used as a sustainable alternative to crude oil in engine oil due to its affordability and environmental friendliness is positively influencing the market growth. Other factors, including rising expenditure capacities of consumers, extensive research and development (R&D) activities, and the implementation of various government initiatives for the development of biofuels and the use of sustainable sources of energy, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global palm kernel oil market, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on product and application. 

Product Insights:

• Fractionated Palm Kernel Oil
• Primary Palm Kernel Oil
   

The report has provided a detailed breakup and analysis of the palm kernel oil market based on the product. This includes fractionated and primary palm kernel oil. According to the report, fractionated palm kernel oil represented the largest segment.

Application Insights:

• Edible Oil
• Cosmetics
• Bio-diesel
• Lubricants
• Surfactants
   

A detailed breakup and analysis of the palm kernel oil market based on the application has also been provided in the report. This includes edible oil, cosmetics, bio-diesel, lubricants, and surfactants. According to the report, edible oil accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for palm kernel oil. Some of the factors driving the Asia Pacific palm kernel oil market included the rising expenditure capacities of consumers, extensive research and development (R&D) activities, and the increasing product demand for the production of biofuel.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global palm kernel oil market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Astra Agro Lestari, Cargill Incorporated, Golden Agri Resources Ltd, IOI Corporation Berhad, Musim Mas, Sime Darby Plantation Berhad (Permodalan Nasional Berhad), United Palm oil Industry Public, and Wilmar International Ltd. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Scope:

Key Questions Answered in This Report:

• How has the global palm kernel oil market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global palm kernel oil market?
• What is the impact of each driver, restraint, and opportunity on the global palm kernel oil market?
• What are the key regional markets?
• Which countries represent the most attractive palm kernel oil market?
• What is the breakup of the market based on the product?
• Which is the most attractive product in the palm kernel oil market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the palm kernel oil market?
• What is the competitive structure of the global palm kernel oil market?
• Who are the key players/companies in the global palm kernel oil market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the palm kernel oil market from 2019-2033.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global palm kernel oil market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the palm kernel oil industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.