Palm Oil Market: Projected to Exceed US$90.1 Billion by 2032 with a 4.2% CAGR
The global palm oil market is projected to reach US$ 59.75 billion in 2022, with an anticipated CAGR of 4.2%, exceeding US$ 90.1 billion by 2032, according to Persistence Market Research. Accounting for 25% to 30% of the global edible oil market, palm oil consumption is influenced by the South Asia market, holding the highest value share at 39.7%. From 2017 to 2021, the global palm oil market experienced a 3.3% CAGR. Consumer preferences, driven by health consciousness, favor pure
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