In 2023, the consumption of palm kernel oil for non-food uses in the United Kingdom stood at 18.0 thousand metric tons. From 2024 to 2028, the forecast predicts a decrease from 17.0 to 15.0 thousand metric tons. This indicates a year-on-year decline of approximately 5.9% between 2023 and 2024, and stabilization at 0% between 2025 and 2026, before another decline of 6.25% in 2027. Over the five-year period, the compound annual growth rate (CAGR) reflects a decrease of about 3.5%, suggesting a consistent downward trend.
Future trends to watch for:
- Shifts toward alternative oils driven by sustainability concerns could further impact demand.
- Policy changes and environmental regulations might accelerate the decline in non-food uses.
- Innovations in bio-based applications could potentially alter future consumption patterns.