Top 15 Palm Oil Companies in the World

The global palm oil market reached a value of US$ 55.8 Billion in 2023. Palm oil is an edible oil derived from the mesocarp of palm fruits. It is free from trans-fatty acids and remains stable at high temperatures, making it suitable for deep frying applications. Compared to other vegetable oils, it is rich in antioxidants, vitamins A and E, and carotene, that aid in strengthening the immune system, reducing cellular oxidation, enhancing skin texture, and promoting healthy brain function. It also helps improve vision and minimizes the risk of retinal diseases. It is widely used to manufacture numerous food products and consumer goods, including soaps, cosmetics, candles, and detergents. Since it is more nutritious, affordable, and easy to digest, palm oil has gained immense traction among health-conscious consumers across the globe. 

As per the analysis by IMARC Group, the top companies in the palm oil industry are focusing on expanding their manufacturing facilities to meet the escalating product demand from various non-food applications, including personal care products, agrochemicals, biofuels, and surfactants. They are also actively engaging in mergers and acquisitions (M&As) to expand their consumer base and geographical reach. In addition, due to the rising environmental concerns worldwide, the leading manufacturers are adopting sustainable practices in sourcing and production of palm oil by using less land, water, and energy resources. They are also making extensive investments in research and development (R&D) activities to introduce innovative product variants. Furthermore, the launch of organic palm oil, easy availability of raw materials, supportive government policies, and continual technological advancements in manufacturing techniques are some of the other factors propelling the market growth. Looking forward, IMARC Group expects the market value to reach US$ 80.7 Billion by 2032, growing at a CAGR of 3.5% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Palm Oil industry with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Global Palm Oil Market

1. Archer-Daniels-Midland Company

Archer-Daniels-Midland Company is a global leader in food, pet, and animal nutrition that transforms crops into ingredients and solutions for foods, beverages, and supplements for individuals worldwide. The company also offers a full range of solutions and services for livestock, aquaculture, and pets. Its diversified human nutrition product portfolio comprises edible oils, acidulants, alternative proteins, beans, pulses, nuts & seeds, botanicals, flavors, flours & grains, food bases & marinades, microbiome solutions, specialty health solutions, starches, and sweeteners. At present, ADM’s footprint spans six continents, including Asia Pacific, South America, Europe, the Middle East & Africa, and North America.

2. Asian Agri

 
Asian Agri is one of Asia’s largest oil palm companies that plants, grows, and processes oil palms to manufacture sustainable crude palm oil and crude palm kernel oil in technologically advanced and energy-self-sufficient mills. Its main products include crude palm oil, crude palm kernel oil, palm kernel expeller, and palm kernel shell. Currently, the company manages 100,000 hectares of oil palm plantations in North Sumatra, Riau, and Jambi and employs more than 22,000 people.

3. Boustead Holdings Berhad

Boustead Holdings Berhad is one of the oldest conglomerates in Malaysia and a leading investment company. The Group comprises over 80 listed and non-listed subsidiaries, joint ventures, and associate companies spanning a broad cross-section of the Malaysian economy today. It primarily operates through its five business divisions, including plantation, property & industrial, pharmaceutical, heavy industries, trading, finance, and investment. Its plantation division is engaged in the management of oil palm plantations, cultivation of oil palm and harvesting of its fresh fruit bunches, and the manufacturing and sales of crude palm oil and palm kernel.

4. IJM Corporation Berhad

IJM Corporation Berhad is one of the leading conglomerates in Malaysia in the fields of construction, property, industry, and infrastructure. The company’s main business activities include manufacturing and quarrying, construction, property development, infrastructure concessions, and plantations. It is also involved in the cultivation of oil palm, processing of oil palm fresh fruit bunches into crude palm oil, and processing of palm kernel into crude palm kernel oil and expeller. Currently, the company has operations in 8 countries worldwide, with a primary focus in Malaysia, India, the Middle East, and China.

5. IOI Corporation Berhad

IOI Corporation Berhad is a leading integrated and sustainable palm oil corporation across the globe. Its operations comprise the plantation business, covering Malaysia and Indonesia, and the downstream resource-based manufacturing business, including palm oil refining and manufacturing of oleochemical and specialty oils and fats. The resource-based manufacturing business comprises three segments: refining, oleochemical, and specialty oils and fats. The company owns two palm oil refineries in Malaysia and four oleochemical production plants in Malaysia and Germany. Presently, it exports its downstream products to over 70 countries globally.

6. Kuala Lumpur Kepong Berhad

Kuala Lumpur Kepong (KLK) Berhad is a leading plantation company mainly involved in the development of oil palm and rubber. It operates via plantation, manufacturing, and property businesses. The company manufactures and processes palm products, natural rubber, and cocoa on its plantations. Through its subsidiaries, KLK mills and refines oil palm products, cultivates ramie and produces oleochemicals, soap, esters, latex gloves, toiletries, and parquet flooring products. It also develops properties and operates holiday bungalows. Currently, the company owns around 300,000 hectares of planted area for both crops, with its land bank spread across Malaysia (Peninsular and Sabah), Indonesia (Belitung Island, Sumatra, and Kalimantan), and Liberia.

7. Kulim Malaysia Berhad (Johor Corporation)

Kulim Malaysia Berhad is a wholly owned subsidiary of Johor Corporation and one of the leading palm oil companies with operations in Malaysia and Indonesia. It mainly operates in four core business sectors, namely plantation, agro farming, livestock, and trading & services. It has more than 8,615 employees globally, with a landbank of 74,786 ha across Malaysia and Indonesia. At present, the company is focusing on expanding its plantation segment to agribusiness, which comprises oil palm, pineapple, other crops, smart farming, and livestock, and becoming one of the leading plantation and agribusiness players in Malaysia.

8. PT Dharma Satya Nusantara Tbk

PT Dharma Satya Nusantara Tbk is a leading green producer of palm oil and wood products across the globe. The company has two main businesses currently: Plantation and Wood Products. The plantation business contributes to more than 70% of the company’s total revenue and manufactures Crude Palm Oil (CPO), Palm Kernel (PK), and Palm Kernel Oil (PKO). Besides the plantations, the company owns and operates ten palm oil mills with a production capacity of 570 tons/hour.

9. PT PP LONDON SUMATRA INDONESIA TBK

PT PP LONDON SUMATRA INDONESIA TBK is one of the leading plantation companies in the world, with over 100,000 hectares of planted oil palm, rubber, tea, and cocoa plantations spread across Indonesia’s four largest islands. It is mainly involved in plant breeding, planting, harvesting, processing, and selling palm products, rubber, oil palm seeds, cocoa, and tea. The company operates 12 palm oil mills in Sumatra and Kalimantan, three crumb rubber processing facilities, two sheet rubber processing facilities, a cocoa factory, and a tea factory.

10. PT Sampoerna Agro Tbk

PT Sampoerna Agro Tbk is a leading plantation company engaged in the production of palm oil products, superior oil palm seeds, and non-palm products, such as sago (Prima Starch) and rubber. The company operates eight mills, of which five are located in Sumatra and three in Kalimantan. The mills in Sumatra have a total production capacity of 380 tons of fresh fruit bunches (FFB) per hour, whereas the mills in Kalimantan can produce 135 tons of FFB per hour. It is also one of the few oil palm seed producers that were licensed by the Indonesian Ministry of Agriculture to manufacture and sell oil palm seeds under the brand name DxP Sriwijaya.

11. PT. Bakrie Sumatera Plantations tbk

PT. Bakrie Sumatera Plantations Tbk is a sustainable integrated agribusiness primarily engaged in the business of oil palm plantation and the production of palm oil and its derivatives. It is also involved in oleochemical processing and rubber plantation and the processing of natural rubber products and their derivatives. Presently, the company operates five palm oil processing plants, three natural rubber processing plants, and one oleochemical processing plant. 

12. Sime Darby Plantation Berhad

Sime Darby Plantation Berhad is the largest producer of certified sustainable palm oil across the globe. It has fully integrated upstream and downstream operations. It has a broad product portfolio comprising edible oils, palm oil-based biodiesel, nutraceuticals, and other palm oil derivatives. It offers a wide range of oil and fats products of the highest quality and is also engaged in the renewables business. It sells its products under several brand names, including Alif, ELAIESE, NATRIÉO, Vemor, Purafex, CERTIO, and Delico. Currently, the company has over 80,000 employees worldwide, with a presence in over 100 countries.

13. United Plantations Berhad

United Plantations Berhad is a plantation company focused on the responsible cultivation of oil palms and coconuts. Its sustainable palm oil business covers plantation activities, research and development, and milling and refining operations. The Group comprises various subsidiary companies involved in several downstream activities, such as edible oil refining and the production and packaging of specialty fats. Currently, the company has a total cultivated land bank of around 63,000 ha spread across Malaysia and Indonesia, supported by over 5,700 employees. 

14. Univanich Palm Oil Public Company Ltd.

Univanich Palm Oil Public Company Ltd. is a pioneer of the oil palm industry in Thailand and a leading producer of crude palm oils (CPO), crude palm kernel oil (PKO), and high-quality oil palm seeds. The company owns three palm oil crushing mills and two palm kernel crushing plants in Krabi Province and operates oil palm plantations in the Krabi and Suratthani Provinces of Southern Thailand. Moreover, it also has a research center in Southern Thailand, internationally recognized for an advanced breeding program that supplies high-yielding seeds and seedlings for local farmers and exports to sustainable oil palm growers globally.

15. Wilmar International Ltd.

Wilmar International Ltd. is a leading agribusiness group in Asia that is mainly involved in the processing and selling of edible oils. It is one of the world’s largest oil palm plantation owners and the largest palm oil refiner, palm kernel and copra crusher, oleochemicals, specialty fats, and biodiesel manufacturer in Indonesia and Malaysia. The company’s core business activities include oil palm cultivation, edible oils refining, sugar milling and refining, oilseed crushing, consumer goods manufacturing, specialty fats, oleochemicals, biodiesel and fertilizers, and rice and flour milling.

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