Summary

The global market for Palmitic Acid was estimated to be worth US$ 255 million in 2024 and is forecast to a readjusted size of US$ 300 million by 2031 with a CAGR of 2.4% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Palmitic Acid cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Palmitic acid is a saturated fatty acid commonly found in both animals and plants. It is a major component in the oils from palm trees, such as palm oil, palm kernel oil and coconut oil.
Southeast Asia (Malaysia, Indonesia) remains the largest producer due to abundant palm oil resources; China, India, and Europe are significant downstream markets.
Market Dynamics:
Biodegradable Demand Rise:
Global regulations favor bio-based surfactants, boosting natural fatty acid markets, including palmitic acid.
Cosmetic Industry Growth:
Rapid growth in skincare and beauty products in Asia-Pacific and Latin America drives palmitic acid consumption.
Food Industry Recovery:
Post-pandemic recovery of processed food and confectionery sectors increases demand for emulsifiers containing palmitic acid.
Shift towards Sustainable Sourcing:
RSPO-certified palm oil-derived palmitic acid becomes a preferred choice among environmentally conscious brands.
Market Trends:
Bio-based Chemical Growth:
Palmitic acid will play a greater role as an eco-friendly feedstock in green plastics, lubricants, and surfactants.
Asia-Pacific Dominance:
China, India, and Southeast Asia will account for 60%+ of consumption, driven by population growth and industrialization.
GMP-grade Development:
Pharmaceutical and nutraceutical sectors demand high-purity GMP-grade palmitic acid for drug and supplement formulations.
Circular Economy Integration:
Manufacturers are exploring upcycling and waste-free technologies in fatty acid processing to meet ESG goals.
Market Challenges：
Price Volatility:
Raw palm oil price fluctuations heavily impact palmitic acid manufacturing costs.
Environmental Pressure:
Deforestation and RSPO compliance remain major sustainability challenges for palm-based fatty acid producers.
Competition from Synthetic Alternatives:
Petrochemical-derived fatty acid substitutes may limit palmitic acid market in industrial sectors.
Trade Barriers:
EU and US regulatory restrictions on palm oil derivatives may limit export opportunities.
This report aims to provide a comprehensive presentation of the global market for Palmitic Acid, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Palmitic Acid by region & country, by Type, and by Application.
The Palmitic Acid market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Palmitic Acid.
Market Segmentation
By Company
Wilmar International
KLK Oleo
IOI Oleochemical
PT Sumi Asih Oleochemical
VVF
Pacific Oleo
Twin Rivers Technologies
PT. Musim Mas
Cailà & Parés
PMC Group
Segment by Type
Distilled Type
Fractionated Type
Segment by Application
Soap & Detergent
Cosmetics
Grease & Lubricant
Food
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Palmitic Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Palmitic Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Palmitic Acid in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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Table of Contents

1 Market Overview
1.1 Palmitic Acid Product Introduction
1.2 Global Palmitic Acid Market Size Forecast
1.2.1 Global Palmitic Acid Sales Value (2020-2031)
1.2.2 Global Palmitic Acid Sales Volume (2020-2031)
1.2.3 Global Palmitic Acid Sales Price (2020-2031)
1.3 Palmitic Acid Market Trends & Drivers
1.3.1 Palmitic Acid Industry Trends
1.3.2 Palmitic Acid Market Drivers & Opportunity
1.3.3 Palmitic Acid Market Challenges
1.3.4 Palmitic Acid Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Palmitic Acid Players Revenue Ranking (2024)
2.2 Global Palmitic Acid Revenue by Company (2020-2025)
2.3 Global Palmitic Acid Players Sales Volume Ranking (2024)
2.4 Global Palmitic Acid Sales Volume by Company Players (2020-2025)
2.5 Global Palmitic Acid Average Price by Company (2020-2025)
2.6 Key Manufacturers Palmitic Acid Manufacturing Base and Headquarters
2.7 Key Manufacturers Palmitic Acid Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Palmitic Acid
2.9 Palmitic Acid Market Competitive Analysis
2.9.1 Palmitic Acid Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Palmitic Acid Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Palmitic Acid as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Distilled Type
3.1.2 Fractionated Type
3.2 Global Palmitic Acid Sales Value by Type
3.2.1 Global Palmitic Acid Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Palmitic Acid Sales Value, by Type (2020-2031)
3.2.3 Global Palmitic Acid Sales Value, by Type (%) (2020-2031)
3.3 Global Palmitic Acid Sales Volume by Type
3.3.1 Global Palmitic Acid Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Palmitic Acid Sales Volume, by Type (2020-2031)
3.3.3 Global Palmitic Acid Sales Volume, by Type (%) (2020-2031)
3.4 Global Palmitic Acid Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Soap & Detergent
4.1.2 Cosmetics
4.1.3 Grease & Lubricant
4.1.4 Food
4.1.5 Others
4.2 Global Palmitic Acid Sales Value by Application
4.2.1 Global Palmitic Acid Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Palmitic Acid Sales Value, by Application (2020-2031)
4.2.3 Global Palmitic Acid Sales Value, by Application (%) (2020-2031)
4.3 Global Palmitic Acid Sales Volume by Application
4.3.1 Global Palmitic Acid Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Palmitic Acid Sales Volume, by Application (2020-2031)
4.3.3 Global Palmitic Acid Sales Volume, by Application (%) (2020-2031)
4.4 Global Palmitic Acid Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Palmitic Acid Sales Value by Region
5.1.1 Global Palmitic Acid Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Palmitic Acid Sales Value by Region (2020-2025)
5.1.3 Global Palmitic Acid Sales Value by Region (2026-2031)
5.1.4 Global Palmitic Acid Sales Value by Region (%), (2020-2031)
5.2 Global Palmitic Acid Sales Volume by Region
5.2.1 Global Palmitic Acid Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Palmitic Acid Sales Volume by Region (2020-2025)
5.2.3 Global Palmitic Acid Sales Volume by Region (2026-2031)
5.2.4 Global Palmitic Acid Sales Volume by Region (%), (2020-2031)
5.3 Global Palmitic Acid Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Palmitic Acid Sales Value, 2020-2031
5.4.2 North America Palmitic Acid Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Palmitic Acid Sales Value, 2020-2031
5.5.2 Europe Palmitic Acid Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Palmitic Acid Sales Value, 2020-2031
5.6.2 Asia Pacific Palmitic Acid Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Palmitic Acid Sales Value, 2020-2031
5.7.2 South America Palmitic Acid Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Palmitic Acid Sales Value, 2020-2031
5.8.2 Middle East & Africa Palmitic Acid Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Palmitic Acid Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Palmitic Acid Sales Value and Sales Volume
6.2.1 Key Countries/Regions Palmitic Acid Sales Value, 2020-2031
6.2.2 Key Countries/Regions Palmitic Acid Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Palmitic Acid Sales Value, 2020-2031
6.3.2 United States Palmitic Acid Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Palmitic Acid Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Palmitic Acid Sales Value, 2020-2031
6.4.2 Europe Palmitic Acid Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Palmitic Acid Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Palmitic Acid Sales Value, 2020-2031
6.5.2 China Palmitic Acid Sales Value by Type (%), 2024 VS 2031
6.5.3 China Palmitic Acid Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Palmitic Acid Sales Value, 2020-2031
6.6.2 Japan Palmitic Acid Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Palmitic Acid Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Palmitic Acid Sales Value, 2020-2031
6.7.2 South Korea Palmitic Acid Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Palmitic Acid Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Palmitic Acid Sales Value, 2020-2031
6.8.2 Southeast Asia Palmitic Acid Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Palmitic Acid Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Palmitic Acid Sales Value, 2020-2031
6.9.2 India Palmitic Acid Sales Value by Type (%), 2024 VS 2031
6.9.3 India Palmitic Acid Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Wilmar International
7.1.1 Wilmar International Company Information
7.1.2 Wilmar International Introduction and Business Overview
7.1.3 Wilmar International Palmitic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Wilmar International Palmitic Acid Product Offerings
7.1.5 Wilmar International Recent Development
7.2 KLK Oleo
7.2.1 KLK Oleo Company Information
7.2.2 KLK Oleo Introduction and Business Overview
7.2.3 KLK Oleo Palmitic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 KLK Oleo Palmitic Acid Product Offerings
7.2.5 KLK Oleo Recent Development
7.3 IOI Oleochemical
7.3.1 IOI Oleochemical Company Information
7.3.2 IOI Oleochemical Introduction and Business Overview
7.3.3 IOI Oleochemical Palmitic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 IOI Oleochemical Palmitic Acid Product Offerings
7.3.5 IOI Oleochemical Recent Development
7.4 PT Sumi Asih Oleochemical
7.4.1 PT Sumi Asih Oleochemical Company Information
7.4.2 PT Sumi Asih Oleochemical Introduction and Business Overview
7.4.3 PT Sumi Asih Oleochemical Palmitic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 PT Sumi Asih Oleochemical Palmitic Acid Product Offerings
7.4.5 PT Sumi Asih Oleochemical Recent Development
7.5 VVF
7.5.1 VVF Company Information
7.5.2 VVF Introduction and Business Overview
7.5.3 VVF Palmitic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 VVF Palmitic Acid Product Offerings
7.5.5 VVF Recent Development
7.6 Pacific Oleo
7.6.1 Pacific Oleo Company Information
7.6.2 Pacific Oleo Introduction and Business Overview
7.6.3 Pacific Oleo Palmitic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Pacific Oleo Palmitic Acid Product Offerings
7.6.5 Pacific Oleo Recent Development
7.7 Twin Rivers Technologies
7.7.1 Twin Rivers Technologies Company Information
7.7.2 Twin Rivers Technologies Introduction and Business Overview
7.7.3 Twin Rivers Technologies Palmitic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Twin Rivers Technologies Palmitic Acid Product Offerings
7.7.5 Twin Rivers Technologies Recent Development
7.8 PT. Musim Mas
7.8.1 PT. Musim Mas Company Information
7.8.2 PT. Musim Mas Introduction and Business Overview
7.8.3 PT. Musim Mas Palmitic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 PT. Musim Mas Palmitic Acid Product Offerings
7.8.5 PT. Musim Mas Recent Development
7.9 Cailà & Parés
7.9.1 Cailà & Parés Company Information
7.9.2 Cailà & Parés Introduction and Business Overview
7.9.3 Cailà & Parés Palmitic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Cailà & Parés Palmitic Acid Product Offerings
7.9.5 Cailà & Parés Recent Development
7.10 PMC Group
7.10.1 PMC Group Company Information
7.10.2 PMC Group Introduction and Business Overview
7.10.3 PMC Group Palmitic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 PMC Group Palmitic Acid Product Offerings
7.10.5 PMC Group Recent Development
8 Industry Chain Analysis
8.1 Palmitic Acid Industrial Chain
8.2 Palmitic Acid Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Palmitic Acid Sales Model
8.5.2 Sales Channel
8.5.3 Palmitic Acid Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer