India Palm Oil Market Size to Grow at 5.6% During 2023-2028

According to the latest report by IMARC Group, titled, "India Palm Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The India palm oil market is expected to exhibit a growth rate (CAGR) of 5.6% during 2023-2028.

Palm oil represents an edible vegetable oil that is naturally extracted from the mesocarp of palm fruits. It is rich in carotenoids, vitamins A and E, antioxidants, etc. In line with this, palm oil is cholesterol-free and easy to digest. In terms of pack size, it is commonly available in pouches, jars, bottles, cans, etc. Palm oil has a longer shelf-life and is more cost-effective than other vegetable oils in the market. Consequently, it finds wide-ranging applications in numerous sectors, including food processing, personal care, biofuels, animal feed, etc., across India.

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India Palm Oil Market Trends and Drivers:

The escalating demand for processed food products is among the key factors driving the India palm oil market. In line with this, the inflating levels of urbanization and the improving living standards of individuals are acting as significant growth-inducing factors. Additionally, the increasing utilization of palm oil in several non-food applications, including surfactants, personal care products, agrochemicals, etc., is also catalyzing the market growth across the country. Besides this, the rising consumer awareness towards the health benefits offered by palm oil is acting as another significant growth-inducing factor. Moreover, it prevents premature aging, boosts the immune system, improves vision, reduces the risk of cardiovascular diseases, enhances energy levels, etc. Apart from this, the growing need for biodiesel, which involves palm oil during production, is propelling the market growth. Furthermore, leading manufacturers are introducing fortified variants rich in polyunsaturated fatty acids to mitigate vitamin A deficiency, which is anticipated to fuel the India palm oil market over the forecasted period.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Packaging Type:

Pouches
Jars
Cans
Bottles

Breakup by Packaging Material:

Metal
Plastic
Paper
Others

Breakup by Pack Size:

Less than 1 Litres
1 Litres
1 Litres - 5 litres
5 Litres - 10 Litres
10 Litres and Above

Breakup by Domestic Manufacturing/Imports:

Domestic Manufacturing
Imports

Breakup by Application:

Household Cooking
HoReCa
Food Processing Industry
Oleo Chemicals
Personal Care Products
Animal Feed
Biofuels
Others

Breakup by Distribution Channel:

Direct/Institutional Sales
Supermarkets and Hypermarkets
Convenience Stores
Online
Others

Breakup by Region:

North India
West and Central India
East India
South India
Competitive Landscape:

The competitive landscape of the market has also been analyzed, with some of the top leading palm oil manufacturers in india.

For more information about this report visit: https://www.imarcgroup.com/india-palm-oil-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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