The forecasted data for palm oil market size volume per capita in Brazil indicates a consistent but modest increase from 2024 to 2028. Starting at 2.93 kilograms per capita in 2024, it is projected to rise incrementally to 3.01 kilograms per capita by 2028. This steady upward trend suggests a stable growth pattern in palm oil consumption per person.
Key observations:
- The volume per capita in 2023 was slightly lower, indicating a gradual growth trajectory.
- Year-on-year growth rates range from approximately 0.68% to 0.72% over the forecast period.
- The compound annual growth rate (CAGR) for the period 2024-2028 is around 0.68%, illustrating a steady annual increase.
Future trends to watch for include potential shifts in consumer preferences towards healthier or more sustainable oil alternatives, policy changes affecting palm oil production and importation, and external factors such as global market fluctuations and climatic conditions impacting palm oil yields.
