As of 2023, the domestic food consumption of palm kernel oil in the US stood at 205.0 thousand metric tons. Forecasted data indicates a modest upward trend, projecting an increase to 229.0 thousand metric tons by 2028. Year-on-year growth from 2024 to 2025 is 2.38%, from 2025 to 2026 is 2.33%, and from 2026 to 2027 is 1.82%. The compound annual growth rate (CAGR) over the five-year forecasted period is approximately 2.23%.
Future trends to watch for include shifts in consumer preferences towards plant-based and sustainable products, potential impacts from regulatory changes, and the influence of global market dynamics that might affect supplies and prices. Monitoring these factors will be crucial in understanding the palm kernel oil consumption landscape in the coming years.
