In India, InsightAce Analytic reported that the global sustainable palm oil market is valued at $1.05 billion in 2023, and it is expected to reach $1.52 billion by 2031, with a CAGR of 4.9% during the forecast period of 2024-2031.
“The sustainable palm oil market is driven by several key factors, including consumer awareness, corporate initiatives, and government regulations. Growing consumer awareness regarding the environmental and social impacts of conventional palm oil production has led to a heightened demand for responsibly sourced palm oil,” the report stated.
“The market’s expansion is largely driven by increasing awareness of these challenges. Certification programs, such as the Roundtable on Sustainable Palm Oil (RSPO), play a key role in promoting sustainable practices within the industry,” it added.
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Category: Food & Agriculture
