Thailand's domestic food consumption of palm oil is set to rise steadily from 1.39 million metric tons in 2024 to 1.54 million metric tons by 2028. This represents a year-on-year increase of approximately 2.88% from 2024 to 2025, continuing to grow by around 2.8-3.2% in subsequent years. In 2023, actual consumption stood at 1.35 million metric tons.
Over the last two years, the consumption saw a consistent average annual growth rate (CAGR) of around 2.91%. This positive trajectory highlights the increasing demand for palm oil in Thailand's food sector.
Future Trends to Watch For:
- Market dynamics driven by health trends and consumer preferences.
- Government policies impacting agricultural practices and import/export regulations.
- Technological advancements and innovations in food processing and sustainability practices.
