The forecasted palm oil market size in terms of volume per capita in South Korea is set to rise steadily from 3.74 Kg in 2024 to 3.84 Kg in 2028. Notably, the value in 2023 stood at 3.70 Kg Per Capita, showcasing a consistent upward trend. Year-on-year, the percentage increase from 2024 to 2025 is approximately 0.53%, from 2025 to 2026 is 0.80%, from 2026 to 2027 is 0.79%, and from 2027 to 2028 is 0.52%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.64%.
Future trends to watch for include:
• Increasing demand driven by the food processing industry.
• Potential impacts of sustainability concerns and regulations.
• Innovations in palm oil alternatives.
