As of 2023, the domestic consumption of palm kernel oil in Japan stood at 77.0 thousand metric tons. Forecasts indicate a steady year-on-year increase of about 1.3% from 2024 to 2028, reaching 82.0 thousand metric tons by 2028. The compound annual growth rate (CAGR) over this five-year period is computed to reflect this consistent upward trend, suggesting stable demand in various sectors such as food and industrial applications.
Future trends to watch for include:
- Potential shifts in consumer preferences towards more sustainable and environmentally friendly sources.
- Changes in regulatory policies impacting palm oil derivatives.
- Technological advancements in processing or alternative material usage.