In 2023, the demand for palm kernel oil in the US stood at 385 thousand metric tons. From 2024 to 2028, the demand is forecasted to grow steadily, following a pattern of consistent annual increases. This equates to a year-on-year growth of approximately 1.7% for 2025, 1.6% for 2026, 1.6% for 2027, and 1.5% for 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected to be around 1.7%.

Future trends to watch for include:

Potential shifts in consumer preferences towards sustainable and ethically sourced oils, impacting demand.
Regulatory changes in the US and globally that might affect the palm oil market dynamics.
Emergence of alternative oils and innovations in oil processing technology that could alter market demand.
Environmental concerns and activism potentially leading to reforms that could reshape supply chains.