Forecast: Palm Oil Market Size Volume Per Capita in Malaysia

In 2023, the per capita volume of palm oil consumption in Malaysia stood at 6.88 kilograms. Forecasts for the period from 2024 to 2028 indicate a slight upward trend, with values forecasted at 6.89 kilograms per capita in 2024 and 2025, and a marginal increase to 6.9 kilograms per capita from 2026 to 2028. This indicates a negligible year-on-year variation of approximately 0.15% over the two years from 2023 to 2025. Furthermore, this reflects a compound annual growth rate (CAGR) of around 0.07% over the five-year forecast period from 2023 to 2028.

Key future trends to watch for include:

  • Potential impacts of changing dietary preferences and health-conscious movements in the region.
  • Shifts in palm oil production and export policies that could influence domestic availability.
  • Developments in sustainable palm oil certifications that may affect market dynamics.
  • Global economic factors influencing commodity prices and local consumer purchasing power.

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