Forecast: Palm Oil Non-food Uses in France

The non-food uses of palm oil in France have witnessed a consistent decline from 2014 to 2023, with a noticeable year-on-year decrease of 2.47% in 2023, and a Compound Annual Growth Rate (CAGR) of -1.78% over the last five years. The 2023 volume stood at 276 thousand metric tons. Forecasts indicate a further decline, with a 5-year CAGR of -2.01%, expecting a 9.67% total decrease by 2028. Key historical shifts include significant drops in 2016 and 2017, with minor variations in other years as the demand stabilizes slightly from its declining trend.

Future trends to watch for include:

  • Increased regulatory pressures and consumer preference shifts towards more sustainable alternatives.
  • Potential innovation in biodegradable and eco-friendly materials driving demand for alternative uses.
  • Geopolitical factors and supply chain shifts potentially impacting the availability and price of palm oil.

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