The domestic consumption of Palm Kernel Oil in the US is projected to increase steadily from 373.0 thousand metric tons in 2024 to 391.0 thousand metric tons in 2028. In 2023, the consumption stood at approximately 368.0 thousand metric tons, marking a consistent upward trend in usage. The year-on-year growth is modest, reflecting a stable demand increase over time.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable and eco-friendly products.
- Developments in alternative oil sources that may influence palm kernel oil demand.
- Regulatory changes impacting import and usage policies in the US.