United States palm oil market size reached USD 13.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5% during 2025-2033. The escalating demand for processed cooking oils, along with the expanding middle class population, is primarily driving the market growth across the country.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 13.8 Billion |
Market Forecast in 2033 | USD 21.4 Billion |
Market Growth Rate (2025-2033) | 5% |
Palm oil is a vegetable oil extracted from the mesocarp of oil palms, known for its extended shelf life, affordability, and significant nutritional advantages. It is cholesterol-free, easily digestible, and abundant in carotenoids and Vitamin A. These attributes contribute to its efficacy in preventing premature aging, supporting the immune system, enhancing vision, reducing the risk of cardiovascular diseases, and boosting energy levels. Due to these health benefits, palm oil finds extensive use in various industries, particularly in the food and beverage sector.
The United States palm oil market is a dynamic and integral component of the nation's food and industrial sectors. Sourced from the mesocarp of oil palms, it holds a significant position due to its extended shelf life, cost-effectiveness, and notable nutritional benefits. Additionally, it is cholesterol-free, easily digestible, and rich in carotenoids and Vitamin A, contributing to its role in promoting health by preventing premature aging, supporting the immune system, improving vision, reducing the risk of cardiovascular diseases, and enhancing energy levels. This, in turn, is acting as another significant growth-inducing factor. Moreover, the United States palm oil market is characterized by its widespread application across various industries, with a prominent presence in the food and beverage sector. Besides this, its versatility makes it a key ingredient in a variety of food products, including baked goods, snacks, and cooking oils. Furthermore, as consumers increasingly prioritize health-conscious choices, the demand for palm oil is likely to see sustained growth. The market's adaptability and the multifaceted utility of palm oil underscore its importance in the American food and industrial landscape. Apart from this, the utilization of palm oil in biodiesel and other sources of renewable energy has expanded, propelled by environmental considerations and the imperative to diminish greenhouse gas emissions. Heightened awareness among health-conscious consumers and regulatory bodies in certain areas has resulted in increased examination of palm oil, particularly regarding its saturated fat content, potentially influencing market demand. This, in turn, is expected to fuel the market growth over the forecasted period.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on application.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes household cooking, food and beverages, oleo chemicals, personal care, animal feed, and bio-fuel.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key 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.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
Applications Covered | Household Cooking, Food and Beverages, Oleo Chemicals, Personal Care, Animal Feed, Bio-Fuel |
Regions Covered | Northeast, Midwest, South, West |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |