Edible Oil Industry In India Reach 26.3 Million Tons by 2027, at a CAGR of 1.59%
According to the latest report by IMARC Group "India Edible Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The India edible oil market reached a volume of 23.9 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 26.3 Million Tons by 2027, exhibiting a CAGR of 1.59% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Edible oil is the fatty liquid extracted from various vegetable- and animal-based sources at lower temperatures. It is a rich source of polyunsaturated fatty acids, essential fat-soluble vitamins, and minerals, such as zinc, phytosterols, and selenium. It is widely used in households, hotels, cafes, food processing units, and restaurants for frying, baking, and other types of cooking. It is also used in food preparations that do not involve heat, such as salad dressings and dips. As edible oils increase the nutritional value of the food items and provide distinct texture and flavor, they are extensively utilized to prepare various Indian dishes.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Edible Oil Market Trends:
With the growing prevalence of chronic diseases and the rising awareness regarding the health benefits of organic and low-cholesterol edible oil, various regional manufacturers are launching healthy product variants enriched with omega-3, vitamins, and natural antioxidants. This represents one of the key factors driving the market growth in India. Besides this, the escalating demand for edible oil in the food processing sector as food preservatives and flavoring agents is also contributing to the market growth.
Moreover, the elevating living standards of consumers and increasing penetration of international culinary trends have led to the escalated demand for premium product variants, such as olive oil, sesame oil, and flaxseed oil. This, coupled with the expanding agriculture industry and the implementation of several initiatives for enhancing the production of oilseeds in the country, are positively influencing the market growth. Furthermore, the Government of India is making continuous efforts to reduce the import dependency and increase the domestic availability of edible oil, which is also creating a favorable market outlook across the country.
Breakup by Type:
- Palm Oil
- Soybean Oil
- Mustard Oil
- Sunflower Oil
- Others
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:
- HoReCa
- Home Users
- Food Processing Industry
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
Top 11 Indian Edible Oil Companies
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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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.
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