The Global Palm Industrial Oil Market was valued at USD 23.76 Billion in 2023 and is projected to reach USD 35.31 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period (2024–2032). This growth is driven by expanding applications in biofuels, food processing, cosmetics, and industrial uses, coupled with increasing adoption of RSPO-certified sustainable palm oil.

As environmental regulations tighten globally, industry leaders are pioneering sustainable cultivation practices and traceable supply chains. This report profiles the Top 10 Companies in the Palm Industrial Oil Market—key players balancing production growth with environmental responsibility.

---

🔟 1. Wilmar International

Headquarters: Singapore
Key Offering: Crude Palm Oil, RBD Palm Oil, Specialty Fats

As the world’s largest palm oil processor, Wilmar operates integrated plantations and refineries across Asia, Africa, and Europe. The company supplies industrial users across food manufacturing, oleochemicals, and biofuel sectors.

Sustainability Initiatives:

• 100% RSPO-certified supply chain commitment
• No deforestation, no peat, no exploitation (NDPE) policy
• Satellite monitoring across 100% of supplier concessions

---

9️⃣ 2. Sime Darby Plantation

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Certified Sustainable Palm Oil, Fractionated Palm Oil

With 300,000 hectares of plantations, Sime Darby is a pioneer in sustainable palm oil production. The company’s research division focuses on high-yield, low-impact cultivation techniques.

Sustainability Initiatives:

• First producer to achieve 100% RSPO certification
• Zero-burning policy across all plantations
• Biodiversity conservation programs in Malaysia and Indonesia

Download FREE Sample Report: Global Palm Industrial Oil Market – View in Detailed Research Report

---

8️⃣ 3. Musim Mas Group

Headquarters: Singapore
Key Offering: RBD Palm Oil, Palm Kernel Oil, Oleochemicals

Musim Mas operates one of Indonesia’s most efficient palm oil supply chains, serving global food and industrial markets. The company is recognized for innovative smallholder partnership programs.

Sustainability Initiatives:

• Trained over 50,000 smallholder farmers in sustainable practices
• Blockchain-based traceability for full supply chain visibility
• Carbon reduction roadmap targeting net-zero operations

---

7️⃣ 4. IOI Corporation

Headquarters: Putrajaya, Malaysia
Key Offering: CSPO, Palm-based Industrial Ingredients

IOI Corporation vertically integrates plantations with specialty manufacturing, producing customized palm oil solutions for food and industrial applications worldwide.

Sustainability Initiatives:

• 100% RSPO-certified supply chain in European operations
• Reforestation of critical wildlife corridors
• Biomass energy systems reducing fossil fuel dependence

---

6️⃣ 5. Golden Agri-Resources (GAR)

Headquarters: Singapore
Key Offering: Sustainable Palm Oil, Biodiesel Feedstock

GAR manages one of Indonesia’s largest palm oil estates, with extensive refining capacity serving global markets. The company leads in digital supply chain innovations.

Sustainability Initiatives:

• First to publish concession maps for public transparency
• Integrated pest management reducing chemical use by 40%
• Community development programs benefiting 500+ villages

---

5️⃣ 6. KLK Berhad

Headquarters: Kuala Lumpur, Malaysia
Key Offering: MSPO-certified Palm Oil, Specialty Fats

KLK operates across the entire palm oil value chain, from plantations to specialty manufacturing. The company produces customized solutions for food, cosmetics, and industrial applications.

Sustainability Initiatives:

• 100% MSPO certification for Malaysian operations
• Closed-loop water recycling systems
• Methane capture from palm oil mill effluent

Download FREE Sample Report: Global Palm Industrial Oil Market – View in Detailed Research Report

---

4️⃣ 7. Bunge Limited

Headquarters: St. Louis, Missouri, USA
Key Offering: Industrial Palm Oil, Lecithin, Specialty Ingredients

Bunge is a global agribusiness leader with extensive palm oil processing and trading operations. The company supplies food manufacturers and industrial users worldwide.

Sustainability Initiatives:

• 100% certified palm oil in European supply chain
• Supplier engagement programs for traceability
• Investment in alternative oilseed research

---

3️⃣ 8. Cargill

Headquarters: Minneapolis, Minnesota, USA
Key Offering: RSPO-certified Palm Oil, Industrial Shortenings

Cargill’s palm oil division supplies global food processors and industrial manufacturers through an extensive refinery network across key consumption markets.

Sustainability Initiatives:

• Satellite monitoring for deforestation prevention
• Smallholder inclusion programs
• 100% traceable supply chain commitment

---

2️⃣ 9. Fuji Oil Holdings

Headquarters: Osaka, Japan
Key Offering: Sustainable Palm Oil, Cocoa Butter Equivalents

Fuji Oil specializes in value-added palm oil products for food applications, with advanced fractionation technology serving global chocolate and confectionery manufacturers.

Sustainability Initiatives:

• 100% RSPO-certified supply for European operations
• Zero-deforestation commitment
• Research into alternative lipid technologies

---

1️⃣ 10. Louis Dreyfus Company

Headquarters: Rotterdam, Netherlands
Key Offering: Physical Palm Oil Trading, Risk Management

As a leading agricultural commodity trader, LDC plays a crucial role in global palm oil distribution and supply chain solutions for industrial users.

Sustainability Initiatives:

• Supplier Code of Conduct enforcing NDPE policies
• Blockchain traceability pilot programs
• Carbon footprint reduction initiatives

Get Full Report Here: Global Palm Industrial Oil Market – View in Detailed Research Report

---

🌍 Outlook: Sustainable Innovation Driving Market Transformation

The palm industrial oil sector is undergoing significant transformation as sustainability becomes central to production and sourcing strategies. While traditional applications continue growing, new opportunities emerge in renewable biofuels and circular economy models.

📈 Key Trends Shaping the Market:

• Expanding RSPO and MSPO certification adoption globally
• Increasing government mandates for sustainable palm oil
• Blockchain technology enhancing supply chain transparency
• Process innovations reducing environmental impact
• Growing demand for palm-based biofuels in renewable diesel

Get Full Report Here: Global Palm Industrial Oil Market – View in Detailed Research Report

These industry leaders are not just palm oil suppliers—they’re driving the sustainable transformation of one of the world’s most important agricultural commodities.