India Soybean Oil Market Report 2023, Trends, Demand and Business Opportunities 2028

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

Soybean oil is a clear yellow vegetable oil obtained from soybean seeds. It is a highly nutritious oil rich in essential nutrients such as vitamins, proteins, fatty acids, and plant sterols. It helps enhance immunity, prevent osteoporosis, manage heart health, boost skin and eye health, lower cholesterol levels, and reduce the risk of cognitive disorders. At present, soybean oil finds extensive applications in households and restaurants for cooking and culinary purposes across India.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/india-soybean-oil-market/requestsample

India Soybean Market Trends and Drivers:

The India soyabean oil market is primarily driven by the rising product demand due to its neutral taste, high smoke point, and low saturated fat content. Moreover, the introduction of healthy product variants for managing heart health and lowering blood cholesterol levels owing to surging consumer health concerns and changing dietary habits is positively influencing the market growth. Additionally, the rising utilization of soybean oil in preparing condiments, dressings, mayonnaise, non-dairy creamers, margarine, shortenings, and whipped toppings due to the increasing penetration of international food trends in India has catalyzed the market growth. Furthermore, the escalating demand for soybean oil in processed food items owing to sedentary lifestyles and busy work schedules of individuals is contributing to the market growth. Other factors, including the easy availability of soybean oil through online retail channels at affordable prices, rising product applications in the petrochemical sector, and rapid industrialization, are also anticipated to create a positive market outlook.

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
Other Industrial Uses

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

Explore Full Report with TOC: https://www.imarcgroup.com/india-soybean-oil-market

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.