Large-scale operations, global reach, and market influence are the primary characteristics that distinguish the top 10 largest palm oil firms in the world in the year 2024. The global market for palm oil is expanding at a rapid rate due to the widespread application of the commodity in a variety of industries, including the food industry, the cosmetics industry, and the biofuels industry.
List Of Top 10 Largest Palm Oil Companies In The World 2024
1. Wilmar International Ltd
Wilmar International Ltd., which has its headquarters in Singapore, is one of the most significant agricultural business conglomerates in the world. Since its founding in 1991, the company has expanded its operations to encompass many regions, including Asia, Africa, and Europe. Its primary concentration is on the production, processing, and distribution of agricultural commodities. Wilmar is principally recognized for its skill in the production of tropical oils, oilseeds, cereals, and sugar. Additionally, the company is known for its manufacturing of consumer packaged goods, biodiesel, and specialty chemicals.
2. Cargill India Private Limited
A notable subsidiary of the multinational agribusiness conglomerate Cargill, which was established in 1865, Cargill India Private Limited is a company that operates in India. Cargill was founded in India in 1987, and since then, it has successfully expanded to become a significant player in the food and agriculture industries in India. Over five thousand individuals are employed by the organization, which has its headquarters in Gurgaon and operates across the country. It is deeply integrated within India’s food supply chain, as evidenced by the fact that it operates thirteen production plants.
3. Sime Darby
Since its establishment in 1910, Sime Darby Berhad has been recognized as one of the most diversified and oldest corporations in Malaysia. While the corporation is active on a global scale, its primary areas of concentration are the plantation, property, industrial equipment, and motor construction industries. The company is listed on the Bursa Malaysia stock exchange with the ticker symbol SIME. Its headquarters are located in Kuala Lumpur. Over 31,000 people are employed by the corporation, which has operations in Malaysia, China, Australia, and other foreign markets.
4. 3F Industries Limited
3F Industries Limited, more frequently referred to as “3F,” is a well-known manufacturing company that operates out of India. Its headquarters are located in Tadepalligudem, which is located in the West Godavari District of Andhra Pradesh. It was established on May 10, 1960. A significant player in a variety of industries, the corporation is involved in the production of food goods, drinks, tobacco products, chemicals, pharmaceuticals, and botanical products, among others.
5. Archer-Daniels-Midland Company
Since its founding in 1902, the Archer-Daniels-Midland Company (ADM) has grown to become one of the most significant agricultural processors and suppliers of food ingredients in the overall globe. With its headquarters in Chicago, Illinois, ADM has expanded into a multinational corporation that has a presence in more than 190 countries across the world. The organization is responsible for the operation of around 330 processing facilities and 520 procurement centers, and it has over 42,000 employees across the world.
6. Asian Agri
In Indonesia, Asian Agri is recognized as one of the most prominent palm oil producers. The company is noted for its dedication to promoting sustainability and innovation within the industry. The company was established in 1979, and since then, it has garnered a solid reputation for incorporating environmentally responsible business practices into its operations, with a particular emphasis on community development and environmental preservation.
7. Genting Plantations
Genting Plantations Berhad, which is a subsidiary of the illustrious Genting Group with headquarters in Malaysia, has firmly established itself as a dominant player in the palm oil business. The company was established in 1977 and initially functioned as a modest rubber plantation. However, it eventually evolved into a prominent player in the oil palm industry and has greatly increased the amount of land it owns. Because it is currently responsible for the management of over 243,300 hectares of plantations across Malaysia and Indonesia, it is considered to be one of the most powerful plantation groups in Southeast Asia.
8. Godrej Agrovet Limited
A renowned agribusiness firm with its headquarters in India, Godrej Agrovet Limited is a part of the Godrej Group and operates in the agricultural sector. The company was founded with the goal of enhancing the productivity of Indian agriculture, and it currently plays a significant role in a number of important industries, such as animal feed, crop protection, dairy, oil palm plantations, and processed foods.
9. Gokul Refoils & Solvent Limited
Gokul Refoils & Solvent Limited is a significant player in the edible and industrial oils market. The company was founded in 1992 and has its headquarters in Ahmedabad, India. The company has garnered a reputation over the course of its existence for its pioneering methods in the fields of seed processing, solvent extraction, and the refinement of a variety of oils. Both domestically and globally, Gokul Refoils is a company that places a strong emphasis on quality and sustainability in both its products and its business methods.
10. IOI Group
IOI Corporation Berhad, more frequently referred to as IOI Group, is a significant player in the palm oil sector which is found all over the world. A comprehensive integrated business strategy that encompasses both upstream plantation activities and downstream resource-based manufacturing is operated by the company, which was founded in Malaysia and is listed on the Main Market of Bursa Malaysia.
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