The Global Palm Oil Market was valued at USD 67.2 Billion in 2025 and is projected to reach USD 98.4 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period (2025-2032). This growth is being driven by expanding food demand, biofuel mandates, and increasing applications in personal care products, despite sustainability challenges that industry leaders are actively addressing through certified production practices.
As consumer goods companies and governments implement stricter sustainability requirements, major producers are responding with investments in traceability, smallholder inclusion, and deforestation-free operations. In this analysis, we examine the Top 10 Companies in the Palm Oil Industry – vertically integrated conglomerates and sustainable production pioneers transforming global edible oil supply chains.
🔟 1. Wilmar International Limited
Headquarters: Singapore
Key Offering: Crude Palm Oil (CPO), Palm Kernel Oil, Specialty Fats
As the world’s largest palm oil trader controlling approximately 45% of global trade volumes, Wilmar operates an extensive supply chain network across Indonesia, Malaysia, Africa and Latin America. The company manages over 40 refineries and maintains 100% RSPO certification for its owned plantation portfolio.
Sustainability Initiatives:
- Implemented No Deforestation, No Peat, No Exploitation (NDPE) policy since 2015
- Blockchain-based traceability platform covering entire supply chain
- Integrated 2.6 million smallholders into certified supply networks
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9️⃣ 2. Sime Darby Plantation Berhad
Headquarters: Kuala Lumpur, Malaysia
Key Offering: RSPO-certified CPO, Sustainable Palm Kernel
One of Malaysia’s largest plantation operators with over 800,000 hectares across three continents, Sime Darby achieved full RSPO certification for its estates. The company leads industry research in yield improvement and smallholder development programs.
Sustainability Initiatives:
- Pioneered zero burning policy since 1999
- Full traceability to plantation level achieved
- 66% reduction in GHG intensity since 2010
8️⃣ 3. IOI Corporation Berhad
Headquarters: Putrajaya, Malaysia
Key Offering: Customized palm oil fractions, Oleochemicals
A leader in food ingredients and specialty fats, IOI operates integrated plantations and processing facilities across Malaysia and Indonesia. The company supplies major global brands with tailored palm oil solutions meeting stringent sustainability requirements.
Sustainability Initiatives:
- RSPO Next certified plantations
- Pesticide-free cultivation pilots in progress
- Implemented living wage commitments for workers
7️⃣ 4. Golden Agri-Resources (GAR)
Headquarters: Singapore
Key Offering: Sustainable palm oil, Value-added products
Controlling over 500,000 hectares in Indonesia, GAR launched the industry’s first comprehensive sustainable palm oil policy in 2011. The company focuses on high-value segments including specialty food ingredients and oleochemicals.
Sustainability Initiatives:
- Satellite monitoring for deforestation prevention
- Smallholder training in climate-smart agriculture
- Generated 25 million carbon credits through conservation
Download FREE Sample Report: Global Palm Oil Market – View in Detailed Research Report
6️⃣ 5. Musim Mas Group
Headquarters: Singapore
Key Offering: Certified Sustainable Palm Oil, Biodiesel
This privately held Indonesian conglomerate operates one of the world’s most efficient integrated palm oil value chains, spanning plantations to consumer products. Musim Mas supplies major food brands and EU biodiesel markets.
Sustainability Initiatives:
- 100% NDPE compliance for owned plantations
- Smallholder yield improvement initiatives
- First to achieve ISCC EU biofuel certification
5️⃣ 6. FGV Holdings Berhad
Headquarters: Kuala Lumpur, Malaysia
Key Offering: CPO, Palm biodiesel, Refined products
One of Malaysia’s largest plantation companies managing 700,000+ hectares, FGV serves both food and industrial markets while transitioning operations to meet strict EU deforestation regulations.
Sustainability Initiatives:
- Maintained zero burning policy since 1999
- Responsible labor practices program
- 75% RSPO certification target by 2025
4️⃣ 7. Astra Agro Lestari
Headquarters: Jakarta, Indonesia
Key Offering: Certified CPO, Kernel, Derivatives
Indonesia’s second-largest palm oil producer operates 300,000+ hectares of company-owned plantations and smallholder partnerships, maintaining strong ties with Japanese food manufacturers.
Sustainability Initiatives:
- Community-based fire prevention programs
- High Conservation Value (HCV) protection
- Digital systems for labor compliance
3️⃣ 8. Kuala Lumpur Kepong Berhad (KLK)
Headquarters: Kuala Lumpur, Malaysia
Key Offering: Sustainable palm ingredients, Oleochemicals
KLK combines plantation operations with specialty chemicals manufacturing, producing higher-margin palm derivatives for global markets. The company maintains dedicated research centers for sustainable techniques.
Sustainability Initiatives:
- 100% RSPO-certified upstream operations
- Zero waste processing policies
- Comprehensive employee welfare programs
2️⃣ 9. Bumitama Agri Ltd
Headquarters: Singapore
Key Offering: Traceable CPO, PKO, Biomass
Focused exclusively on Indonesia, Bumitama operates high-yield plantations with sophisticated traceability systems, supplying European markets through dedicated sustainable supply chains.
Sustainability Initiatives:
- Full supply chain traceability implemented
- No deforestation verified by third-party audits
- Smallholder support programs
1️⃣ 10. Sampoerna Agro
Headquarters: Jakarta, Indonesia
Key Offering: Identity Preserved Palm Oil, Biomass energy
This mid-sized Indonesian producer pioneered carbon credit projects in palm cultivation and maintains identity-preserved supply chains for specialty food customers.
Sustainability Initiatives:
- First Indonesian company to issue palm oil carbon credits
- Full satellite monitoring of supply base
- Women’s empowerment initiatives
Read Full Report: Global Palm Oil Market – View in Detailed Research Report
🌱 Outlook: The Sustainable Future of Palm Oil
The palm oil industry stands at a critical inflection point, balancing growing global demand with increasingly stringent environmental requirements. Leading producers are making substantial investments in sustainable practices that will define the market’s future trajectory.
📈 Key Market Trends:
- Rapid adoption of satellite monitoring and blockchain traceability systems
- Growing price premiums for deforestation-free certified supplies
- Expansion of smallholder inclusion programs improving livelihoods
- Increasing biodiesel demand from Indonesia (B35) and Malaysia (B20) mandates
These companies demonstrate that responsible palm oil production is not only achievable but increasingly a competitive advantage in global markets. Their advancements in sustainable agriculture and supply chain transparency are establishing new industry standards.
Read Full Report: Global Palm Oil Market – View in Detailed Research Report
The industry leaders profiled above aren’t merely supplying palm oil – they’re fundamentally transforming production methods to meet 21st century sustainability imperatives.
