Palm oil is a highly produced vegetable oil derived from the African oil palm, utilized in around 50% of packaged foods and various non-food products, due to its longer shelf life and cost-effectiveness. Major producers are Indonesia and Malaysia, with growing global demand contributing to deforestation and environmental concerns. The palm oil market is projected to exceed 85 million metric tons by 2024, driven by applications in food, biofuels, and cosmetics, while facing challenges like sustainability and regulatory pressures.