India Edible Oil Industry Set to Hit USD 6.84 Billion by 2030 Amid Rising Demand

 

Market Estimation & Definition

The India Edible Oils Industry was valued at US $ 4.31 billion in 2023, and is projected to grow at a compound annual growth rate (CAGR) of approximately 6.8% from 2024 to 2030, reaching nearly US $ 6.84 billion by 2030. This market encompasses a range of refined and unrefined plant-derived oils such as palm oil, soybean oil, mustard oil, sunflower oil, and others, sold through multiple packaging formats including pouches, jars, cans, and bottles. Distribution channels span institutional sales, supermarkets, convenience stores, online platforms, and direct sales.

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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.

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Segmentation Analysis

The India Edible Oils Market is segmented as follows:

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

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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.

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).

EXPLORE MORE REPORTS

Global Bergamot Essential Oil Market https://www.maximizemarketresearch.com/market-report/global-bergamot-essential-oil-market/110344/

Global Threonine Market https://www.maximizemarketresearch.com/market-report/global-threonine-market/98333/

Global Bean Flour Market https://www.maximizemarketresearch.com/market-report/global-bean-flour-market/113729/

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