The forecast for palm oil demand in the UK shows a subtle decline from 2024 through 2028, decreasing from 352,000 metric tons to 348,000 metric tons. This trend reflects a compound annual growth rate (CAGR) of -0.29% from 2024 to 2028, suggesting a consistent yet slight drop in demand. The year-on-year variation highlights a reduction of approximately 0.28% annually during this period.

Future trends to watch for:

Increasing consumer preference for sustainable and ethically sourced products could further impact palm oil demand.
Regulatory changes and environmental campaigns might pressure manufacturers to explore alternatives to palm oil.
Potential advancements in synthetic biology offering sustainable oils as substitutes could reshape market dynamics.