India Edible Oil Market To Grow at 7.40% I Ground nut, Mustard, Soybean, Sunflower, Olive, Sesame, Coconut, Rice bran, Corn, Palm Oils - Digital Journal

2022-11-07 15:30:43 By : Ms. Doris Wei

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India is blessed with many positive factors that enable it to stand in a unique position in Agro-based products. After achieving independence, India is positive whereby it has become a net employer of agricultural-based products. India is a major oilseed-producing country among the different countries producing oilseeds; India has the largest area and production of a few oilseed crops, namely groundnut, rapeseed/mustard, sesame, and coconut. Yet, India is the largest importer of edible oil. India’s edible oil market is estimated at INR 5,19,905 Crore by the year FY 2027-28, with the unorganized oil market showing a decline in the market share with a CAGR of around 5%.

Together, groundnut, soybean, and rapeseed/mustard account for over half of the output of cultivated oilseeds in India. Efficiency gains in the oilseed-processing sector have been hampered by poor infrastructure and policies restricting economies of scale in processing plants. Carried out with in-depth analysis, the report ‘India Edible Oil Market Outlook, 2027-28’ published by Bonafide Research, gives an insight into the transformation to occur in the edible oil market. With consumer buying behaviour differing among the states, the northern region is expected to lead the market in terms of consumption of packaged edible oil.

To request a free sample https://www.bonafideresearch.com/samplereport/201020381/India-Edible-Oil-Market-Outlook-2025

With the increasing awareness about the health benefits of the different oils, the perception of the consumers, and the commonly seen trend is the inclusion of a variety of oil in the daily diet. With this, there has been a considerable shift from traditional oils towards non-traditional oils, such as olive oil and rice bran oil to name a few. Yet, this has not stopped consumers from eliminating traditional oil from their diet. Edible oil packaging has evolved over the years to encompass a wide range of packaging products such as jerry cans, pouches, jars, tin cans, and bottles, among others. The growth of the packaged oil type was not even and only certain variants showed growth in the market. After more than a year of sustaining lockdown, the firms have started to witness recovery in demand with major players now confident of sustaining growth if the situation remains favorable.

As domestic production does not meet the increasing domestic demand, India relies highly on imports, with few oils contributing significantly to the exports. Crushing of groundnut, rapeseed/mustard, and sunflower is reserved for the small-scale sector. These makeup over two-thirds of the aggregate oilseed output of the country. This has translated into a lack of significant investments in large, integrated processing plants and poor economies of scale in the operations of existing players. To harmonize the interests of farmers, processors, and consumers and at the same time, regulate the large import of edible oils to the extent possible, the import duty structure on edible oils is reviewed from time to time. The country exports edible oils in small quantities to meet expatriate demand. The rise in exports of edible oils is a positive development for India’s oilseed growers, enabling higher realizations for the crops. The rise in bulk exports is seen as a big boost as it brightens the prospects for better remuneration for the oilseed crops. Edible oils are freely exportable in bulk, while mustard oil is allowed in consumer packs not exceeding 5 kg.

The growth in the edible oil industry has resulted from many driving factors; not only from the demand perspective but also from a consumer perspective. From the consumer trends perspective, demand is driven in the area of fat content, health benefits, packaging, and price. This increasing awareness is the reason for the consumer shift from the unorganized market to the purchase of branded edible oil.

Major companies present in the market:

Adani Wilmar Limited, Bunge Foods Pvt Ltd (Dalda & Gagan), Marico (Saffola), Cargill India PVT LTD, N.K Proteins (Tirupati), Gulab Oil and Foods Pvt. Ltd., Vimal Oil & Foods Ltd, Mahesh Edible Oil Industries (Saloni Mustard Oil), Agro Tech Foods Limited, Sanwaria Consumer Limited (Sanwaria Agro Oils Limited), Ruchi Soya Limited, Patanjali Ayurved Limited, Emami Agrotech Limited, Bansal Oil Mill Limited, K. S. Oils Limited (Kalash), Puri Oil Limited, Future Consumer Ltd

To customize report https://www.bonafideresearch.com/product/customize/201020381/India-Edible-Oil-Market-Outlook-2025

The outbreak of the COVID-19 pandemic, in early 2020, however, had disrupted the supply chains of edible oil due to the temporary shutdown of several oil production units, restricted import activities, and the unavailability of raw materials. Furthermore, the national lockdown had led to a temporary closure of hotels, restaurants, canteens, and public food joints in the country, thereby negatively affecting the demand of edible oil. The market is, however, expected to recover as normalcy is regained.

Aspects covered in the report

Segments covered in the market

To access complete report https://www.bonafideresearch.com/product/201020381/India-Edible-Oil-Market-Outlook-2025

The report titled “India olive oil Market By Value & Volume, By Segment ( Industrial & Retail ), Market Size By ( Value, Volume ), By Type ( Extra Virgin, Pomace, Refined ), By Sales Channel ( Modern Retail, Direct Sale, General Trade, Online ), By Company ( Borges, Deoleo, Cargill, Etc. ), By Pack Size ( 0-250 Gms, 251-999 Gms, 1000-1999 Gms Etc. ), By Packing Type ( Dark Green Glass, Transparent, Glass Bottle, Etc. ), By Demographics ( Urban, Rural ), By Application ( Pharmaceutical, Food Industry, Personal Care ), Outlook ( Trends & Forecast ), 2027-28″ gives you a complete analysis of how the olive oil market is developing in India. Olive oil is considered as the premium product in the oil category whose production is the least in India as it is entirely imported from the countries like Spain, and Italy. Olive oil is fat extracted from the fruit of the olive (Oleaeuropaea) tree. It is one of the significant parts of Mediterranean cuisine from ancient times. Production of olive oil in India as of now is only in Rajasthan as it is the only region that fits the production criteria. Olive plants require chilling to flower and fruit; the temperature should be less than five degrees at night and less than 16 to 20 degrees in the daytime. As olive oil is considered as a healthy alternative of regular oil, the health sector plays an essential role in its growth. Olive oil previously was used for massage and salad dressing but with changing of time and growing awareness about olive oil’s health benefits its adaption among consumer have increased. Olive oil has grown as a better alternative to regular oil/ghee, which contains a large number of bad fats and raises health-related issues. This report provides the changing trends in industrial as well as retail sector information about the types of olive oil and its usage along with top companies and their brands’ performance in the Indian market.

To access full report https://www.bonafideresearch.com/product/200120361/India-Olive-oil-Market-Extra-Virgin-Pomace-Refined-2025

Contact Us: Bonafide Research Steven Thomas, AM – Content Marketing [email protected] Asia-Pacific: +91 7878231309 Europe: +44 20 8089 0049 North America: +1 201 793 8545 https://www.bonafideresearch.com/

About us: Bonafide Research is one of the fastest growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day.

This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]

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