Looking into the future, we know that palm oil is here to stay. Palm and palm kernel oil are superior ingredients for the cosmetic market when done right. Not only do they bring functional benefits to products, they also bring economic progress to producing countries. So, palm oil has the capacity to bring benefits to many.
However, companies need to accelerate the cessation of deforestation and bring exploitation-free ingredients to market. This requires collaborative action. Fortunately, there are initiatives in play behind the scenes in the complex ingredient supply chains of the cosmetics industry, raising the bar on sustainability.
Demand for Derivatives
Global demand for palm oil continues to grow for a broad range of uses. Many ingredients that are essential for the production of cosmetic products are derived from palm (kernel) oil. These derivatives can be found in approximately 70% of end products in the cosmetics industry.