PUBLISHER: Grand View Research | PRODUCT CODE: 1679520
PUBLISHER: Grand View Research | PRODUCT CODE: 1679520
The U.S. palm oil market size was estimated at USD 2.02 billion in 2024 and is projected to grow at a CAGR of 8.4% from 2025 to 2030. The market is driven by exponentially growing demand from the food, beverage, biofuel, energy, personal care, and cosmetics industries. The market is highly competitive and comprehensive due to a large number of all-scale players trying to gain a competitive edge over others with their high production, superior distribution networks, product quality, and various competitive strategies.
Palm oil is one of the most consumed vegetable oils. It is used in several packaged product formulations that are readily available in supermarkets. The product is highly demanded in the formulation of ice cream, margarine, chocolates, and cookies as it imparts a smooth and shiny appearance and creamy taste and texture. The market demand is also driven by its neutral taste, desired melting points, health benefits, and versatile usage as an ingredient in cooking oils, frying fats, margarine, confectionery, supplements, and condiments.
Palm oil is purchased widely due to its cheaper prices compared to other vegetable oils. Developing economies have an advantage over production costs compared to developed countries. Manufacturers are still looking for better alternatives to reduce the total production costs of the product. Key players in the market are inclined toward complying with several production standards and competing over quality and prices.
U.S. Palm Oil Market Report Segmentation
This report forecasts revenue and volume growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. palm oil market report based on product, & end-use: