India Edible Oils Market: Industry Analysis and Forecast (2024-2030) by Type, and Packaging Type.

India Edible Oils Market was worth US$ 4.31 Bn in 2023 and total revenue is expected to grow at a rate of 6.82 % CAGR from 2024 to 2030, reaching almost US $ 6.84 Bn in 2030.

India Edible Oils Market Overview:

Oilseeds & edible oils are 2 of the most vital produces. India is one of the major manufacturers of oilseeds in the world & this segment conquers a significant place in the agricultural business, accounting for the expected procurement of 36.56 MT of nine new oilseeds throughout the year 2020-21. As per the MMR report study for Indian Edible Oils Market.India Edible Oils MarketTo know about the Research Methodology :- Request Free Sample Report

Types of Oils usually in use in Country:

India is privileged in consuming a wide variety of oilseeds crops grown in its various agro-climatic areas. Groundnut, Sesame, linseed, castor are the main usually cultivated oilseeds. Soybean & sunflower have also been considered major places in the edible oil market. Coconut is the most significant amongst the farm crops. Efforts are being made to raise oil palm in AP, Karnataka, Tamil Nadu & North-Eastern parts of India in adding to Kerala & Andaman and the Nicobar Islands. Among the non-conventional oils, rice bran oil & cottonseed oil are the supreme. In addition, oilseeds of tree & forest sources, which raise mostly in tribal populated zones, are also a major source of oils. Figures relating to the expected production of key cultivated oilseeds, obtainability of edible oils from all local sources during the past 10 years & the current year are as below. India Edible Oils Market 1 India is a huge nation & populations of numerous of its zones have established specific inclination for certain oils mostly depending upon the oils offered in the area. For instance, individuals in South India & West India choose groundnut oil while people in the East & North use mustard oil, rapeseed oil. Similarly, numerous pockets in South India have an inclination for coconut & sesame oil. Populations of the northern zone are the main customers of fats & therefore choose Vanaspati, a term used to signify a moderately hydrogenated edible oil combination of oils like soybean, sunflower, rice bran & cottonseed oils. Some new tree oils & forest source have found their way to the edible group mainly over the Vanaspati route. Of late, things have transformed. Through current technical means like physical refining, bleaching all oils have been reduced almost colorless, odorless & tasteless & therefore, have become simply identical in the kitchen. The share of, refined oil, raw oil, and Vanaspati in the entire edible oil market is expected approximately at 60 percent, 35 percent & 5 percent respectively. Around 56 percent of the local demand for edible oils is met over imports out of which palmolein establishes around 54 percent. According to the MMR report study, every individual consumed nineteen kg of edible oil each year on an average throughout 2015-16, up from fifteen kg in the year 2012-13. This volume to a collective demand of around 26 MT of edible oils each year. India refined oilseeds on 25 Mn hectares of land, making 32 MT of oilseeds in the year 2018-19, with soybean, rapeseed & groundnut accounting for nearly 90 % share in the zone. The local production can only meet slightly over 30 % of the entire demand for edible oils, requiring its import. In the year 2019, India imported about 15 MT of edible oils worth about Rs 7,300 Cr, which accounted for 40 % of the farming imports bill & 3%t of the total import bill of the nation. Palm oil holds for the maximum share of the overall imports (62 %), followed by soya oil & sunflower oil (21 % & 16 %, respectively). There is a substantial growth in the share of soya oil & sunflower oil in the imported bag.

Growing production:

Based on MMR estimations 3.6 MTs of additional oils can be made by means of linking the yield gap, assuming 1.5 tons/hectare as a feasible yield. This needs the extensive scale acceptance of enhanced agricultural technologies such as quality seeds, best usage of agrochemicals & better management. Substitutes like rice bran oil are gaining popularity among urban customers, as it is known to decrease the risk of heart cases & type 2 diabetes. Rice bran establishes about 8.5 % of the total procurement of rice & has around 15 % content. Around 2 MT of the edible oil can be made using the existing rice bran. According to the MMR report, India has the potential to increase the zone under oil palm by 1.9 Mn hectares, which can make about 7.6 MT of additional edible oil.

Status of the Vegetable Oil Industry:

India Edible Oils Market 2

MMR Viewpoint:

According to the MMR report study, the Indian edible oils market is anticipated to improve at a significant rate with South India & East India holding the supreme development potential throughout the forecast period in the overall edible oils market. A rise in inventions in equipment & the growth of new items like organic & low-cholesterol oils together with health welfares is motivating the demand for edible oils throughout the globe. Market companies are capitalizing in M&A, and are using their knowledge in the use of the new technology will deliver gain profitability & momentum in the worldwide edible oils market. However, the extra costs related to the processing of oils could hamper the development of the edible oils market. In a huge demand-based business, the major edible oil firms in the world are always winning the race. The edible oil business is marked with moving customer tastes & inclinations. Lifestyle variations, fads & trends - all of it touches the landscape of the market. Consumer attitudes towards various edible oils, sweeteners & fats may differ along with trends. Health concerns are also in the front, & consumers may choose oil such as soybean & sunflower to others as these are measured healthier for the heart. Thus, demand forms an enormous driver of revenue in the market. Margins are also affected by raw material prices, accessing farm subsidies, & operating proficiencies. Here’s where big companies have an edge in big scale raw material buying advantages & huge scale of supply & advertising networks at their disposal. The objective of the report is to present a comprehensive analysis of the India Edible Oils Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the India Edible Oils Market dynamics, structure by analyzing the market segments and project the India Edible Oils Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the India Edible Oils Market make the report investor’s guide.

India Edible Oils Market Scope: Inquire before buying

India Edible Oils Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: US $ 4.31 Bn.
Forecast Period 2024 to 2030 CAGR: 6.82% Market Size in 2030: US $ 6.84 Bn.
Segments Covered: by Type Palm Oil Soybean Oil Mustard Oil Sunflower Oil Others
by Packaging Type Pouches Jars Cans Bottles
by Distribution Channel Direct/Institutional Sales Supermarkets and Hypermarkets Convenience Stores Online Others

India Edible Oils Market key player

1. KSE 2. Ruchi Soya Industries Ltd 3. Gokul Agro Resources Ltd. 4. Gujarat Ambuja Exports Ltd. 5. Gokul Refoils And Solvent Ltd. 6. Vijay Solvex Ltd. 7. BCL Industries Ltd. 8. Agro Tech Foods Ltd. 9. Anik Industries Ltd. 10. Kriti Nutrients 11. Fortune by Adani Group 12. Sundrop by Agro Tech Foods 13. Dhara by Mother Dairy 14. Dalda by Bunge Limited 15. Cargill (Gemini, Nature Fresh and Sweekar).

Frequently Asked Questions:

1) What was the market size of India Edible Oils Market markets in 2023? Ans - India Edible Oils Market was worth US $ 4.31 Bn in 2023. 2) What is the market segment of India Edible Oils Market markets? Ans -The market segments are based on Type and Packaging Type. 3) What is forecast period consider for India Edible Oils Market? Ans -The forecast period for India Edible Oils Market is 2024 to 2030. 4) Which are the worldwide major key players covered for India Edible Oils Market report? Ans – KSE, Ruchi Soya Industries Ltd, Gokul Agro Resources Ltd. Gujarat Ambuja Exports Ltd. Gokul Refoils And Solvent Ltd. Vijay Solvex Ltd. BCL Industries Ltd. Agro Tech Foods Ltd. Anik Industries Ltd. Kriti Nutrients, Fortune by Adani Group, Sundrop by Agro Tech Foods, Dhara by Mother Dairy, Dalda by Bunge Limited, Cargill (Gemini, Nature Fresh and Sweekar. 5) What was the market size of India Edible Oils Market markets in 2030? Ans – North India Edible Oils Market was worth US $ 6.84 Bn in 2030.
1. India Edible Oils Market: Research Methodology 2. India Edible Oils Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to India Edible Oils Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. India Edible Oils Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1. M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.8.1. PORTERS Five Forces Analysis 3.8.2. PESTLE 3.8.3. Regulatory Landscape by region North America Europe Asia Pacific The Middle East and Africa Latin America 3.8.4. COVID-19 Impact 4. India Edible Oils Market (Value) by region: 4.1. India Edible Oils Market, by Type Palm Oil Soybean Oil Mustard Oil Sunflower Oil Others North India South India East India West India 4.2. India Edible Oils Market, by Packaging Type Pouches Jars Cans Bottles North India South India East India West India 4.3. India Edible Oils Market, by Distribution Channel Direct/Institutional Sales Supermarkets and Hypermarkets Convenience Stores Online North India South India East India West India 4.4. Company Profile: Key Players 4.4.1. KSE. Company Overview Financial Overview India Presence Type Portfolio Business Strategy Recent Developments 4.4.2. Ruchi Soya Industries Ltd 4.4.3. Gokul Agro Resources Ltd. 4.4.4. Gujarat Ambuja Exports Ltd. 4.4.5. Gokul Refoils And Solvent Ltd. 4.4.6. Vijay Solvex Ltd. 4.4.7. BCL Industries Ltd. 4.4.8. Agro Tech Foods Ltd. 4.4.9. Anik Industries Ltd. 4.4.10. Kriti Nutrients 4.4.11. Fortune by Adani Group 4.4.12. Sundrop by Agro Tech Foods 4.4.13. Dhara by Mother Dairy 4.4.14. Dalda by Bunge Limited 4.4.15. Cargill (Gemini, Nature Fresh and Sweekar). 5. Primary Key Insights