The per capita volume of palm kernel oil in South Korea is consistently forecasted at 0.16 kilograms from 2024 to 2028. The data indicates stability with no year-on-year variation in the forecast period. In contrast, the market volume per capita stood at 0.16 kilograms in 2023 as well, showing no change leading into the forecast period. The five-year Compound Annual Growth Rate (CAGR) thus remains at 0%, reflecting a flat growth trajectory.
Future trends to watch for:
- Potential shifts in consumer preferences or dietary guidelines that could affect demand.- Regulatory changes impacting imports or local production.- Innovations or disruptions in the global palm oil supply chain that may influence availability and pricing.- Environmental concerns and sustainability initiatives which might lead to demand shifts towards alternative oils.
