Press release
India Edible Oils Market is forecasted to expand to US$ 6.84 Billion by 2030
India Edible Oils Market
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:
The India Edible Oils Market, valued at US$ 4.31 billion in 2023, is projected to grow at a CAGR of 6.82%, reaching approximately US$ 6.84 billion by 2030. India, being one of the largest producers of oilseeds, plays a significant role in the global agricultural landscape. The country's diverse agro-climatic regions enable the cultivation of various oilseeds such as groundnut, sesame, linseed, castor, soybean, and sunflower. Coconut is particularly important among farm crops, while non-conventional oils like rice bran and cottonseed oil are gaining prominence. Efforts to expand oil palm cultivation in states like Andhra Pradesh, Karnataka, Tamil Nadu, and the North-Eastern regions, in addition to Kerala and the Andaman and Nicobar Islands, are underway to boost production.
๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐๐ฎ๐ฌ๐ญ ๐ ๐๐ฅ๐ข๐๐ค ๐๐ฐ๐๐ฒ! https://www.maximizemarketresearch.com/request-sample/125654/
Drivers in the India Edible Oils Market:
The growth of the India Edible Oils Market is driven by several factors. The increasing population and rising disposable incomes have led to a higher demand for edible oils. The shift in consumer preferences towards healthier options, such as oils with low cholesterol and beneficial health properties, also propels market growth. Technological advancements in agricultural practices, such as the use of quality seeds and agrochemicals, have improved yield and production efficiency. Additionally, the government's initiatives to promote oilseed cultivation and reduce dependence on imports further support market expansion.
India Edible Oils Market Trends:
Several trends are shaping the India Edible Oils Market. There is a noticeable shift towards healthier oils like rice bran oil, which is gaining popularity due to its health benefits, including reducing the risk of heart disease and type 2 diabetes. The trend of physical refining and bleaching has led to oils becoming colorless, odorless, and tasteless, making them more versatile for culinary use. Additionally, the market is witnessing a rise in organic and low-cholesterol oil products, catering to health-conscious consumers. The increased adoption of modern agricultural technologies and practices is also a significant trend driving market growth.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ + ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐๐ซ๐:๏ปฟhttps://www.maximizemarketresearch.com/inquiry-before-buying/125654/
India Edible Oils Market Opportunities:
The India Edible Oils Market presents several opportunities for growth and development. There is potential to increase the production of edible oils by bridging the yield gap through the extensive adoption of improved agricultural technologies. The promotion of alternative oils, such as rice bran oil, which is derived from rice production, can meet the rising demand for healthier oil options. Additionally, expanding the cultivation area under oil palm by 1.9 million hectares could generate around 7.6 million tons of additional edible oil. Investment in mergers and acquisitions, coupled with leveraging new technologies, can enhance profitability and market share for companies operating in this sector.
What is India Edible Oils Market Regional Insight?
The India Edible Oils Market exhibits regional preferences influenced by the availability of different types of oilseeds. For instance, South and West India primarily use groundnut oil, while mustard and rapeseed oils are favored in the East and North. Coconut and sesame oils are popular in specific pockets of South India. The northern region, being a major consumer of fats, predominantly uses Vanaspati, a hydrogenated oil blend. Recent technological advancements have led to the production of refined oils that are nearly indistinguishable in color, odor, and taste, catering to a uniform market demand across regions. The significant import of palmolein, accounting for 54% of edible oil imports, underscores the reliance on imports to meet local demand.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:๏ปฟ https://www.maximizemarketresearch.com/request-sample/125654/ ๏ปฟ๏ปฟ
Segmentation Analysis of the India Edible Oils Market
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
Who is the largest manufacturers of India Edible Oils Market worldwide?
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).
๐๐๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ง ๐๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ @https://www.maximizemarketresearch.com/market-report/india-edible-oils-market/125654/ ๏ปฟ
Key Offerings:
Past Market Size and Competitive Landscape
India Edible Oils Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
India Edible Oils Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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