The global sustainable palm oil market size was US$ 17,120 million in 2021. The global sustainable palm oil market is forecast to grow to US$ 44,117 million by 2030 by registering a compound annual growth rate (CAGR) of 10.9% during the forecast period from 2022 to 2030.

Factors Influencing the Market
Palm oil finds applications in myriad end-user industries, such as food and beverage, personal care and cosmetics, pharmaceuticals, etc. The rising demand for sustainable palm oil will drive the growth of the overall market during the study period. Furthermore, palm oil is also used as a transport fuel. Moreover, it is one of the essential components in the manufacturing of personal care products, which will drive the growth of the market.
The benefits of palm oil in food as it increases longevity and resists the oxidation will contribute to the growth of the global sustainable palm oil market during the forecast period.
Growing consumer awareness related to the advantages of palm oil will contribute to the market growth. In addition, palm oil is widely recommended to cure malaria, deficiency of vitamin A, aging, high blood pressure, brain disease, etc., which will boost the growth of the sustainable palm oil market in the coming years.

Regional Analysis
The Asia-Pacific sustainable palm oil market is forecast to emerge as the largest market for sustainable palm oil, owing to the contribution of Malaysia and Indonesia, which are the major producers of palm oil. Further, other countries such as Thailand, Nigeria, Columbia, and Ecuador will also significantly contribute to the growth of the sustainable palm oil market during the study period. In addition to that, the presence of some of the largest cosmetics, food & beverage, and pharmaceuticals industry, in the region will drive the demand for sustainable palm oil during the study period. Growing consumer awareness related to the health benefits of palm oil in the region will also benefit the sustainable palm oil market during the study period.

COVID-19 Impact Analysis
Throughout the COVID-19 pandemic period, the demand for pharmaceuticals and food products remained the same. However, demand for personal care products decreased drastically, which also affected the global sustainable palm oil market. Further, the shortage of laborers and lockdown restrictions hampered the production of sustainable palm oil, which affected the market. Industrial activities also stopped to an extent due to the challenges led by the pandemic, which impeded the growth of the sustainable palm oil market. Post-pandemic, the market for sustainable palm oil is forecast to witness significant growth potential due to the growing consumer focus on health.

Competitors in the Market
New Britain Palm Oil Limited
Sime Darby
Golden Agri-Resources Limited
Astra Agro Lestari
IOI Corporation Berhad
Cargill
KUALA LUMPUR KEPONG BERHAD
Wilmer International Limited
Kulim Berhad
United Plantation Berhad
SIPEF Group Belgium
Other Prominent Players

Market Segmentation
The global sustainable palm oil market segmentation focuses on Origin, Product Type, End-User, and Region.
By Origin
Organic
Conventional
By Product Type
Crude Palm Oil
RBD Palm Oil
Palm Kernel Oil
Fractionated Palm Oil
By End-User
Food & Beverage
Personal Care & Cosmetics
Biofuel & Energy
Pharmaceutical
Industrial
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America