The forecasted domestic consumption of palm oil in South Korea shows an increasing trend from 2024 to 2028, starting at 704.0 thousand metric tons in 2024 and reaching 795.0 thousand metric tons by 2028. Comparing the year-on-year variation, the consumption is projected to increase by approximately 3.27% in 2025, 3.17% in 2026, 3.07% in 2027, and 2.85% in 2028. The Compound Annual Growth Rate (CAGR) over this 5-year period is estimated to be about 3.09%.
Future trends to watch for include potential shifts in consumer preferences towards sustainable and health-conscious products, changes in global palm oil prices, and regulatory measures aimed at reducing the environmental impact of palm oil production and consumption.
