India Vegetable Oil Market Report and Forecast 2024-2032
Market Report I 2023-12-28 I 150 Pages I EMR Inc.
India Vegetable Oil Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the India vegetable oil market is projected to grow at a CAGR of 14.30% between 2024 and 2032. Aided by a myriad of factors, including a burgeoning population, evolving dietary habits, and a growing penchant for healthier oil options, the market is expected to grow significantly by 2032.
Vegetable oil, primarily extracted from seeds, nuts, and fruits, is a quintessential ingredient in Indian cuisine. Its diverse applications, ranging from cooking and frying to use in confectionery and snacks, make it an integral part of the Indian dietary landscape. Among the myriad types, palm oil, soybean oil, sunflower oil, and mustard oil are particularly prevalent in the Indian market, each with its unique flavour and nutritional profile.
The escalating demand for healthier and high-quality vegetable oils is a pivotal driver of the India vegetable oil market growth. As health awareness rises among the Indian populace, there is a pronounced shift towards oils with better nutritional profiles. This shift is notably towards oils rich in unsaturated fats, omega-3 fatty acids, and those with lower cholesterol levels. Consequently, there has been a surge in demand for oils such as olive oil, rice bran oil, and canola oil, despite their higher price points compared to traditional options.
Moreover, the burgeoning population and the consequent rise in food consumption are catalysing the India vegetable oil market demand. The expanding foodservice sector, including restaurants and fast-food chains, further contributes to the heightened demand for vegetable oils, given their extensive use in culinary preparations.
The Indian government's initiatives and policies aimed at self-reliance in vegetable oil production also play a crucial role. Efforts to increase domestic oilseed production, coupled with incentives for the establishment of modern processing facilities, are significantly shaping the landscape of the vegetable oil industry in India. These initiatives are not only aimed at reducing the dependency on imports but also at ensuring the availability of high-quality vegetable oils to meet the domestic demand.
As per the India vegetable oil market analysis, the burgeoning packaged food industry in India is a noteworthy factor bolstering the demand for vegetable oils. Oils are a fundamental ingredient in the manufacturing of various packaged foods, including snacks, ready-to-eat meals, and confectionery items. The growth in urbanisation, coupled with the increasing working population seeking convenient food options, has led to a rise in the consumption of packaged foods, thereby driving the demand for vegetable oils in the food processing industry.
Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Soybean Oil
- Palm Oil
- Sunflower Oil
- Mustard Oil/Rapeseed Oil
- Vegetable Oil
- Rice Bran Oil
- Others
Market Breakup by Application
- Food
- Industrial
- Biofuel
- Others
Market Breakup by Region
- North India
- East India
- West India
- South India
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India vegetable oil market. Some of the major players explored in the report by Expert Market Research are as follows:
- Adani Wilmar Limited
- Ruchi Soya Industries Limited
- Bunge Ltd.
- Marico Limited
- Cargill, Incorporated
- Patanjali Ayurved Limited
- Emami Agrotech Ltd.
- Mother Dairy Fruit & Vegetable Pvt. Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 India
7 Opportunities and Challenges in the Market
8 India Vegetable Oil Market Analysis
8.1 Key Industry Highlights
8.2 India Vegetable Oil Historical Market (2018-2023)
8.3 India Vegetable Oil Market Forecast (2024-2032)
8.4 India Vegetable Oil Market by Type
8.4.1 Soybean Oil
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Palm Oil
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Sunflower Oil
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Mustard Oil/Rapeseed Oil
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Vegetable Oil
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Rice Bran Oil
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 India Vegetable Oil Market by Application
8.5.1 Food
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Biofuel
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 India Vegetable Oil Market by Region
8.6.1 North India
8.6.2 East India
8.6.3 West India
8.6.4 South India
9 Regional Analysis
9.1 North India
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 East India
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 West India
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 South India
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Adani Wilmar Limited
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Ruchi Soya Industries Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Bunge Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Marico Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Cargill, Incorporated
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Patanjali Ayurved Limited
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Emami Agrotech Ltd.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Mother Dairy Fruit & Vegetable Pvt. Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Vegetable Oil Market: Key Industry Highlights, 2018 and 2032
2. India Vegetable Oil Historical Market: Breakup by Type (INR Million), 2018-2023
3. India Vegetable Oil Market Forecast: Breakup by Type (INR Million), 2024-2032
4. India Vegetable Oil Historical Market: Breakup by Application (INR Million), 2018-2023
5. India Vegetable Oil Market Forecast: Breakup by Application (INR Million), 2024-2032
6. India Vegetable Oil Historical Market: Breakup by Region (INR Million), 2018-2023
7. India Vegetable Oil Market Forecast: Breakup by Region (INR Million), 2024-2032
8. Major Importing Countries by Value
9. Major Exporting Countries by Value
10. Major Importing Countries by Volume
11. Major Exporting Countries by Volume
12. India Vegetable Oil Market Structure
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