North America Palm Kernel Oil Market to Grow with a CAGR of 8.75% through 2032
Rising demand in
the food processing industry and expansion of the cosmetics and personal care
sector are factors driving the North America Palm Kernel Oil Market in the forecast
period 2026-2032.
According to the
TechSci Research report, “North America Palm Kernel Oil Market - By Country, Competition, Forecast & Opportunities, 2020-2032F”, the North America Palm
Kernel Oil Market stood at USD 2547.04 Million in 2024 and is anticipated to
grow with a CAGR of 8.75% through 2032. The palm kernel oil market in North
America is steadily gaining momentum, driven by increasing demand across
diverse end-use industries including food processing, personal care, and
industrial manufacturing. Extracted from the kernel of the oil palm fruit, palm
kernel oil offers a unique composition of saturated fats, notably lauric acid,
which lends itself to various functional and commercial applications. Although
the region does not cultivate oil palms, North America remains a significant
importer of palm kernel oil from major producing countries such as Indonesia
and Malaysia.
One
of the primary drivers of market growth is the expanding personal care and
cosmetics industry, where palm kernel oil is widely used due to its
moisturizing, lathering, and emollient properties. Its stable texture and ease
of blending with other ingredients make it ideal for formulations such as
soaps, shampoos, creams, and lotions. The growing consumer shift toward natural
and plant-based ingredients is further propelling its adoption. In the food
sector, palm kernel oil is valued for its oxidative stability and semi-solid
nature, making it suitable for baked goods, snack foods, confectionery, and
frying applications. As manufacturers continue to phase out trans fats, palm
kernel oil has emerged as a preferred alternative to hydrogenated oils.
Sustainability, however, remains a central issue influencing procurement and consumer preferences in North America. Increasing awareness of environmental impacts associated with palm oil cultivation, particularly deforestation and habitat loss, has led to stronger calls for responsibly sourced ingredients. In response, many North American companies are actively seeking palm kernel oil certified by the Roundtable on Sustainable Palm Oil (RSPO) and other similar initiatives. As a result, the market is witnessing a gradual shift toward the adoption of certified sustainable palm kernel oil (CSPKO), which aligns with corporate social responsibility (CSR) objectives and enhances brand credibility in an environmentally conscious marketplace.
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The North America Palm Kernel Oil Market is
segmented into sales channel, end use, product type, country distribution, and
company.
Based
on Product Type, Palm Kernel Stearin has emerged as the dominating segment in
the North America Palm Kernel Oil Market in 2024, driven by its versatile
applications and functional advantages. Palm Kernel Stearin, the solid fraction
derived from the fractionation of palm kernel oil, is particularly valued for
its high melting point, oxidative stability, and unique fat composition. These
characteristics make it an essential ingredient in several industrial and
commercial applications across the food, personal care, and oleochemical
sectors.
In
the food industry, Palm Kernel Stearin is extensively used in the formulation
of confectionery fats, bakery shortenings, and ice cream coatings, where its
stability and texture-enhancing properties are crucial. Its ability to replace
more expensive or less sustainable fats such as cocoa butter and hydrogenated
oils has also contributed to its rising demand, particularly in a region like
North America, where manufacturers are increasingly focusing on cost
optimization and sustainability. The cosmetics and personal care sector has
increasingly turned to Palm Kernel Stearin as a key ingredient in products like
soaps, creams, and lotions. Its hard fat characteristics lend desirable
consistency and moisturizing properties, making it an attractive option for formulators.
This shift has been further bolstered by growing consumer awareness of natural
and plant-based ingredients.
Another
major factor fueling the dominance of this segment is the growing preference
for sustainable sourcing and traceability in palm-derived products. With many
companies committing to RSPO-certified (Roundtable on Sustainable Palm Oil)
supply chains, Palm Kernel Stearin derived from responsibly managed sources has
gained increased acceptance in North American markets.
Based on Country,
the United States has emerged as the fastest-growing country in the North America
Palm Kernel Oil Market in 2024, supported
by high demand across diverse industries such as food processing, personal
care, and biofuels. The country’s advanced infrastructure for import, refining,
and distribution enables efficient use of palm kernel oil, mostly sourced from
Southeast Asia. U.S. consumers increasingly prefer natural and eco-friendly
products, driving the use of palm kernel oil in cosmetics and skincare.
Additionally, major manufacturers are adopting sustainable sourcing practices,
aligning with environmental regulations and certifications like RSPO. These
factors collectively contribute to the country’s dominant position in the
market.
Major companies
operating in the North America Palm Kernel Oil Market are:
- Bunge North America,
Inc.
- Wilmar
Oleo North America LLC
- AAK USA Inc.
- Nisshin OilliO America Inc.
- Cargill,
Incorporated
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“The transition
toward sustainable and bio-based industrial inputs is a significant driver for
palm kernel oil in North America. The oil serves as a feedstock for biodiesel
production and is also used in the manufacture of lubricants, surfactants, and
other oleochemicals. As regulatory bodies in North America enforce stricter
environmental standards and carbon emission targets, industries are
increasingly adopting renewable resources. Palm kernel oil’s compatibility with
green chemistry and its potential to replace petroleum-based derivatives make
it a critical component in the push toward environmental sustainability”, said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“North America Palm
Kernel Oil Market By Sales Channel (Direct Sales, Indirect Sales), By End Use
(Food (Confectionary, Baking, Dairy Alternatives, Frying, Others), Cosmetics
& Personal Care, Pharmaceuticals, Others), By Product Type Palm Kernel
Stearin, Palm Kernel Olein ), By Country, Competition, Forecast &
Opportunities, 2020-2032F”, has evaluated the future growth potential of North
America Palm Kernel Oil Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the North
America Palm Kernel Oil Market.
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