The palm kernel oil processing industry in France has seen significant fluctuations over the past decade. The highest peak was in 2015 with an increase to 11.0 thousand metric tons, a 266.67% year-on-year growth from 2014. However, production levels have stabilized in recent years, maintaining 8.0 thousand metric tons from 2020 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years, from 2019 to 2023, stands at 5.92%.
Looking ahead, forecasts suggest a stable production level with a slight increase starting in 2026. The projected CAGR for the next five years is 2.38%, with an overall growth rate of 12.5% by 2028.
Future trends to watch for:
- Impact of environmental regulations on palm kernel oil production
- Potential changes in consumer demand towards sustainable products
- Technological advancements in processing methods and efficiencies
- Market competition from alternative vegetable oils
