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Future Growth of India Edible Oil Market: Ken Research

07-08-2022 07:07 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research

The report titled "India Edible Oil Market Outlook to 2022 - Growth in Organized Sector and Out-of-Home Eating Trend to Drive Future Demand" provides a comprehensive analysis of edible oil market in India. The report focuses on various aspects such as India edible oil market size by revenue, sales and production volume and market segmentation by sector and geography. The report covers a detailed overview on trade scenario for edible oil with other countries. The report also describes about major trends and developments, issues and challenges and government role and initiatives that have influenced the market to a large extent. This publication helps the readers to understand the value chain analysis in the edible oil market as well as recent developments related to edible oil market. Competition prevailing in the sector along with detailed company profiles has been thoroughly covered in the section. The report concludes with market projections for future and analyst recommendation highlighting the major opportunities and cautions.

Edible Oil Market in India
India edible oil market increased from ~ MMT in FY'2012 to ~ MMT in FY'2017 registering a five-year CAGR of ~%. The market registered constant increase in demand in terms of volume between FY'2012 to FY'2016 before declining to ~ MMT in FY'2017. In terms of value, the market increased from INR ~ billion in FY'2012 to ~ billion in FY'2017 registering five-year CAGR of ~% during the period. Revenue generation fluctuated from year to year due to fluctuating prices in the international commodities market. Even though imports dominate the market, production of edible oil domestically has declined over the years from ~ MMT in FY'2012 to ~ MMT in FY'2017.

For More Information, Click on the Following Link: -
https://www.kenresearch.com/food-beverage-and-tobacco/general-food/india-edible-oil-market-2022/130172-11.html

India Edible Oil Market Segmentation
Palm oil consumption leads the market with more than ~ consumption in FY'2017. Total consumption estimated at ~ million metric tons including import and domestic production excluding exports. Import constitutes more than ~% of the total consumption. Soybean is the second largest edible oil segment in demand with high dependence on import. Total consumption of soybean oil declined in FY'2017 to ~ million tons. Mustard oil managed to be the third most consumed oil as it is second oil in most of the houses especially in the northern, eastern and western India. Sunflower oil demand in India has shown rise in the demand in last few years increasing from ~% in FY'2012 to ~% in FY'2017. Cotton seed oil is mostly produced in the country with majority of the demand coming the northern part of the country. Gujarat is the key state where cotton seed oil is consumed. It shares has declined over the years from ~% in FY'2012 to ~% in FY'2017. Other oils which include rice bran, coconut, olive oil and many others constituted the remaining share.

Major Emerging Oils Category
Soybean Oil: Market for Soybean oil increased from INR ~ billion in FY'2015 to INR ~ billion in FY' 2017. Northern part of the country was the largest consumer of soybean oil in the country accounting for ~% of the total sales volume. Western part with ~% market share was second largest consumer followed by east (~%) and South (~%). Organized sector constituted for ~% of the total sales. Adani is the leading player in India soybean oil sector with a staggering ~% market share. In short term outlook, the Soybean oil industry is expected to grow at a moderate rate due to fluctuation in Soybean oil pricing in the international market registering a 5 year CAGR of ~% in FY'2017 to FY'2022.

Mustard Oil: Market for Mustard oil decreased from INR ~ billion in FY'2012 to INR ~ billion in FY' 2017. Its consumption has increased from ~ MMT in FY'2012 to ~ MMT in FY'2017. Domestic production during the same period declined from ~ thousand tons to ~ thousand tons. Eastern part of the country was the largest consumer of soybean oil in the country accounting for ~% of the total sales volume. Northern part with ~% market share was second largest consumer followed by west (~%) and South (~%). Organized sector constituted for ~% of the total sales. Adani is the leading player in India mustard oil sector with more than quarter (~%) of market share. In short term outlook, the mustard oil industry is expected to grow at a low rate due to fluctuation in sown area in domestic farm market registering a 5-year CAGR of ~% in FY'2017 to FY'2022.

Sunflower Oil: Market increased from INR ~ billion in FY'2012 to INR ~ billion in FY'2017 registering a five-year CAGR of ~%. In terms of volume, the sales increased from ~ thousand tons to ~ thousand tons in FY'2017. Southern part of the India was the major consumer of sunflower oil in India with ~% of the sales volume. Market share of unorganized sector is low accounting for ~%. Kaleesuwari was the leading player in sunflower oil in India constituting ~% of the total sales in organized sector. Cargill was the second largest player with sales volume of ~ thousand tons. Demand for sunflower oil is expected to increase from ~ MMT to ~ MMT during FY'2017-FY'2022 registering a five-year CAGR of ~%.

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Olive Oil: In FY'2017 it was estimated at INR ~ Million. In terms of sales volume, it has more than doubled between FY'2012 to FY'2017 increasing ~ thousand tons to ~ thousand tons. Northern and Western part of India was the major consumers of olive oil in India each region accounted for ~% (~ thousand tons) of the market share each. Delhi and Mumbai were the two key cities consuming most of the demand in the region. Smaller bottles of olive oil constitute an estimated ~% (~ tons) of the total demand for olive oil. Large packs generate maximum sales volume constituting ~% (~ Tons) of the total sales volume. In FY'2017, Borges was the leading company in India olive oil market with the market share of ~% (~thousand tons) across modern trade chains through which majority of the olive oil is distributed. Leonardo is the second most popular brand in the olive oil segment. Total estimated sales volume will increase from ~ thousand tons in FY'2018 to ~ thousand tons in FY'2022.

Ground Nut Oil: Market for ground nut oil declined between FY'2012 to FY'2013. It declined from INR ~ billion in FY'2012 to INR ~ billion in FY'2014. Revenue generation increased from INR ~ billion in FY'2015 to INR ~ billion FY'2017. Production of ground nut oil declined in FY'2016 and bounced back in FY'2017 to ~ MMT. Organized sector constitutes an estimated ~% of the ground nut oil market. Consumption of ground nut oil in India is expected to increase from ~ thousand tons to ~ thousand tons registering a CAGR of ~% during FY'2017-2022.

Rice Bran Oil: Market in terms of revenue increased from INR ~ billion in FY'2015 to INR ~ billion in FY'2017. During the same period the production of rice bran increased from ~ thousand tons to ~ thousand tons. Northern region consumed ~% of the total rice bran oil demand in India with Uttar Pradesh leading the consumption. Western part was the second highest consumer creating a demand of ~ thousand tons. Eastern part constituted only ~%. Sathi, Healthy heart, Nature Pure, Ricela, Fortune, Porna, Dhara, Orysa, Riso, Tandul, Priya were some key brands active in the market.

Future Outlook to Edible Oil Market in India
It is expected that future demand for edible oil will register a constant increase. The market will increase from ~ million metric tons in FY'2018 to ~ million metric tons in FY'2022. Growth will be mainly driven by increased demand for our home consumption and rising population especially in urban areas. Entry of new players such as Mahindra, Cofco, Patanjali will further boost the market.

Key Topics Covered in the Report
India Edible Oil Market Introduction, Market Size by Revenue, Sales Volume, Production Volume.
Value Chain Analysis
Growth Drivers, issues and Challenges, Government Rules and Regulations
Snapshot on Palm oil market including market size, market segmentation, external trade, future outlook.
Snapshot on Soybean oil market including market size, market segmentation, external trade, future outlook.
Snapshot on Mustard oil market including market size, market segmentation, external trade, future outlook.
Snapshot on Sunflower oil market including market size, market segmentation, external trade, future outlook.
Snapshot on Coconut oil market including market size, market segmentation, external trade, future outlook.
Snapshot on Cotton Seed oil market including market size, market segmentation, external trade, future outlook.
Snapshot on Rice Bran oil market including market size, market segmentation, external trade, future outlook.
Snapshot on Olive oil market including market size, market segmentation, external trade, future outlook.
Snapshot on Ground Nut oil market including market size, market segmentation, external trade, future outlook.
Snapshot on blended oil.
Future Outlook of India Edible oil market
Competitive Landscape of Major Players
Analyst Recommendation

Related Report: -
https://www.kenresearch.com/healthcare/pharmaceuticals/saudi-arabia-nutraceuticals-market-outlook/276726-91.html

Contact Us: -
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies.

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