India Edible Oil Market Analysis and Forecast till 2028
$2,380.00 – $4,800.00
Growing population, increasing per capita edible oil consumption, and increasing health concern is pushing the market growth
The India edible oil market is expected to witness a steady growth rate of around 2.5% during the forecast period. The market growth is primarily attributed to the increasing per capita edible oil consumption, significant government push to focus on the in-house production of edible oils, increasing demand from the growing population, increasing health concerns, rising urbanization, and increasing disposable income.
India is currently the largest importer of edible oil globally as it is one of the largest producers of oilseeds across the globe. This sector occupies an important position in the agricultural economy, accounting for around the production of 36.56 million tons of nine cultivated oilseeds during the year 2020-21, according to the Department of Food & Public Distribution. Despite significant in-house production, India relies heavily on imports of edible oil to meet its consumption demand. Thereby, the government is pushing regional and local manufacturers to increase production capacity, which is augmenting the market growth.
Palm oil holds a significant share in the India edible oil market
Palm oil is dominating the India edible oil market and is expected to dominate in the upcoming years as well. Palm oil accounted for a prominent share of the total imports followed by soya oil and sunflower oil. In addition, there is a significant increase in the share of soya oil and sunflower oil in the import basket. Palm oil is usually sourced from Indonesia and Malaysia, sunflower oil from Ukraine and Argentina, whereas Brazil and Argentina, are the major suppliers of soya oil to India.
Therefore, a shortage in global production and an increase in trade taxes and levies by the exporting nations affect the edible oil prices in India. Moreover, according to the 2nd Advance Estimates published by the Department of Agriculture and Farmers Welfare, India would produce an estimated 37.14 million tonnes of nine cultivated oilseeds in 2021–2022, making it one of the top producers of oilseeds in the world.
In South India, Andhra Pradesh, Telangana, and Kerala are the major oil palm-growing states
Geographically, the India edible oil market is segmented into North India, West and Central India, East India, and South India. West and Central India are dominating the India edible oil market in 2021. People in East and North India preferred mustard oil while people in South and West use groundnut oil. Inhabitants of the northern plain are consumers of fats and prefer hydrogenated edible oil which is a mixture of soybean, sunflower, rice bran, and cotton seeds oil.
Furthermore, with the help of modern technology such as physical refining, bleaching, and de-odorization all oils have been rendered practically colorless, odorless, and tasteless and therefore become easily interchangeable in the kitchen. Additionally, Andhra Pradesh, Telangana, and Kerala are the major palm oil growing States and account for 98% of the total production. Karnataka, Tamil Nadu, Odisha, Gujarat, and Mizoram also have a sizable area under oil palm cultivation.
Recently Arunachal Pradesh, Assam, Manipur, and Nagaland have also initiated Oil palm plantation programs. In addition, according to the government of India, people in the East and North prefer mustard oil while people in the South and West use groundnut oil.
Market Structure and Competitive Landscape
Some of the prominent players in the India edible oil market include Adani Wilmar Ltd., Mother Dairy Fruits and Vegetables Pvt. Ltd., Cargill India, Patanjali Ayurved Ltd., Emami Agrotech Ltd., BCL Industries Ltd., Gemini Edibles & Fats India Ltd., Indian Broiler Group Pvt. Ltd., Liberty Oil Mills Ltd., Vijay Solvex Ltd., ADM Agro Industries India Pvt. Ltd., Gokul Agro Resources Ltd., and others.
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships, and collaborations are some of the strategies followed by industry players. Some of the key developments in the India edible oil market include,
- In January 2022, Adani Wilmar announced to acquire southern players in edible oil with a corpus of INR 450 crores. The reason behind this plan is to grow its geographical presence in South India.
- In December 2021, the US food major Cargill has acquired an edible oil refinery located in Andhra Pradesh. The newly acquired refinery gives Cargill the capability to supply refined palm oil, palm olein, Vanaspati, and sunflower oil.
Key Market Segmentation
RationalStat has segmented the India edible oil market on the basis of type, packaging type, packaging material, distribution channel, and region.
- By Type
- Palm Oil
- Soyabean Oil
- Mustard Oil
- Sunflower Oil
- Groundnut Oil
- Others (Coconut Oil, Rice Bran Oil, etc.)
- By Packaging Type
- Pouches
- Bottles
- Jars
- Others (Cans)
- By Packaging Material
- Metal
- Rigid Plastic
- Flexible Packaging
- Others (Glass)
- By Distribution Channel
- Commercial Retail
- Modern Retail
- Supermarket/Hypermarket
- Specialty Store
- Online Retail/E-commerce
- By Region
- North India
- West and Central India
- South India
- East India
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for India edible oil producers and suppliers, raw material suppliers, third-party distributors, importers & exporters, government organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The India Edible Oil market is expected to grow at a CAGR of around 1.3% during the forecast period 2022-2028.
West and Central India is dominating the India Edible Oil market in 2021.
The India Edible Oil market is estimated at 23.9 million tonnes in 2021.
Growing population, increasing health concern, and increasing per capita edible oil consumption are some of the key drivers of the market.
Major companies operating in the India Edible Oil market include, Adani Wilmar Ltd., Mother Dairy Fruits and Vegetables Pvt. Ltd., Cargill India, Patanjali Ayurved Ltd., Emami Agrotech Ltd, BCL Industries Ltd. etc.
| REGION | India |
|---|---|
| RELEASE YEAR | 2022 |
| RESEARCH CODE | RST-SAR-058 |
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
| User License | Single User/Team License, Corporate License |
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. India Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. India and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Parent Market Overview
9.1. India Food & Beverages Industry
9.2. India Agriculture Industry
10. Trade Analysis
10.1.EXIM Analysis by Type
10.2.EXIM Analysis by Top Countries/Region
11. Pricing Analysis
11.1.By Type
11.1.1. Palm Oil
11.1.2. Soyabean Oil
11.1.3. Mustard Oil
11.1.4. Sunflower Oil
11.1.5. Groundnut Oil
11.1.6. Others (Coconut Oil)
12. Segmental Analysis
12.1.India Edible Oil by Type
12.1.1. Segment Overview
12.1.1.2. Soyabean Oil
12.1.1.3. Mustard Oil
12.1.1.4. Sunflower Oil
12.1.1.5. Groundnut Oil
12.1.1.6. Others (Coconut Oil)
12.2.India Edible Oil by Packaging Type
12.2.1. Segment Overview
12.2.1.2. Bottles
12.2.1.3. Jars
12.2.1.4. Others (Cans)
12.3.India Edible Oil by Packaging Material
12.3.1. Segment Overview
12.3.1.1. Metal
12.3.1.2. Rigid Plastic
12.3.1.3. Flexible Packaging
12.3.1.4. Others (Glass)
12.4.India Edible Oil by Distribution Channel
12.4.1. Segment Overview
12.4.1.1. Commercial Retail
12.4.1.2. Modern Retail
12.4.1.2.1. Supermarket / Hypermarket
12.4.1.2.2. Specialty Store
12.4.1.2.3. Online Retail / E-commerce
12.5.India Edible Oil by Region
12.5.1.1. North India
12.5.1.2. West and Central India
12.5.1.3. South India
12.5.1.4. East India
13. Regional Analysis
13.1.North India Edible Oil Analysis and Forecast 2019-2028
13.1.1. Regional Market Overview and Key Takeaways
13.1.2. North India Edible Oil by Type
13.1.3. North India Edible Oil by Packaging Type
13.1.4. North India Edible Oil by Packaging Material
13.1.5. North India Edible Oil by Distribution Channel
13.2.West and Central India Edible Oil Analysis and Forecast 2019-2028
13.2.1. Regional Market Overview and Key Takeaways
13.2.2. West and Central India Edible Oil by Type
13.2.3. West and Central India Edible Oil by Packaging Type
13.2.4. West and Central India Edible Oil by Packaging Material
13.2.5. West and Central India Edible Oil by Distribution Channel
13.3.East India Edible Oil Analysis and Forecast 2019-2028
13.3.1. Regional Market Overview and Key Takeaways
13.3.2. East India Edible Oil by Type
13.3.3. East India Edible Oil by Packaging Type
13.3.4. East India Edible Oil by Packaging Material
13.3.5. East India Edible Oil by Distribution Channel
13.4.South India Edible Oil Analysis and Forecast 2019-2028
13.4.1. Regional Market Overview and Key Takeaways
13.4.2. South India Edible Oil by Type
13.4.3. South India Edible Oil by Packaging Type
13.4.4. South India Edible Oil by Packaging Material
13.4.5. South India Edible Oil by Distribution Channel
14. Competitive Landscape
14.1.Competition Dashboard
14.1.1. India and Regional Market Share Analysis
14.1.2. Market Structure
14.2.Competitive Benchmarking
14.3.Key Strategy Analysis
14.4.Company Profiles
14.4.1. Adani Wilmar Ltd.
14.4.1.1. Company Overview
14.4.1.2. Product/Service Offerings
14.4.1.3. Key Financials
14.4.1.4. Recent Developments
14.4.2. Mother Dairy Fruits and Vegetables Pvt. Ltd.
14.4.2.1. Company Overview
14.4.2.2. Product/Service Offerings
14.4.2.3. Financials
14.4.2.4. Recent Developments
14.4.3. Cargill India
14.4.3.1. Company Overview
14.4.3.2. Product/Service Offerings
14.4.3.3. Financials
14.4.3.4. Recent Developments
14.4.4. Patanjali Ayurved Ltd.
14.4.4.1. Company Overview
14.4.4.2. Product/Service Offerings
14.4.4.3. Financials
14.4.4.4. Recent Developments
14.4.5. Emami Agrotech Ltd.
14.4.5.1. Company Overview
14.4.5.2. Product/Service Offerings
14.4.5.3. Financials
14.4.5.4. Recent Developments
14.4.6. BCL Industries Ltd.
14.4.6.1. Company Overview
14.4.6.2. Product/Service Offerings
14.4.6.3. Financials
14.4.6.4. Recent Developments
14.4.7. Gemini Edibles & Fats India Ltd.
14.4.7.1. Company Overview
14.4.7.2. Product/Service Offerings
14.4.7.3. Financials
14.4.7.4. Recent Developments
14.4.8. Indian Broiler Group Pvt. Ltd.
14.4.8.1. Company Overview
14.4.8.2. Product/Service Offerings
14.4.8.3. Financials
14.4.8.4. Recent Developments
14.4.9. Liberty Oil Mills Ltd.
14.4.9.1. Company Overview
14.4.9.2. Product/Service Offerings
14.4.9.3. Financials
14.4.9.4. Recent Developments
14.4.10. Hindustan Lever
14.4.10.1. Company Overview
14.4.10.2. Product/Service Offerings
14.4.10.3. Financials
14.4.10.4. Recent Developments
14.4.11. Saffola
14.4.11.1. Company Overview
14.4.11.2. Product/Service Offerings
14.4.11.3. Financials
14.4.11.4. Recent Developments
14.4.12. Gokul Agro Resources Ltd.
14.4.12.1. Company Overview
14.4.12.2. Product/Service Offerings
14.4.12.3. Financials
14.4.12.4. Recent Developments
15. Disclaimer
List of Figures/Tables
List of Figures
Figure 01: India Edible Oil Market Volume (‘000 tons), 2019-2021
Figure 02: India Edible Oil Market Volume (‘000 tons) & Y-o-Y Growth (%) Analysis, 2022–2028
Figure 03: Edible Oil, Pricing Analysis per unit (US$), in 2022
Figure 04: Edible Oil, Pricing Forecast per unit (US$), in 2028
Figure 05: India Edible Oil Market Value Analysis (US$ Mn), 2019-2021
Figure 06: India Edible Oil Market Size (US$ Mn) & Y-o-Y Growth (%) Analysis, 2022–2028
Figure 07: India Edible Oil Market Size and Market Share Analysis (%) by Type, 2022 & 2028
Figure 08: India Edible Oil Market Y-o-Y Analysis (%) by Type, 2022-2028
Figure 09: India Edible Oil Market Size and Market Share Analysis (%) by Packaging Type, 2022 & 2028
Figure 10: India Edible Oil Market Y-o-Y Analysis (%) by Packaging Type, 2022-2028
Figure 11: India Edible Oil Market Size and Market Share Analysis (%) by Packaging Material, 2022 & 2028
Figure 12: India Edible Oil Market Y-o-Y Analysis (%) by Packaging Material, 2022-2028
Figure 13: India Edible Oil Market Size and Market Share Analysis (%) by Distribution Channel, 2022 & 2028
Figure 14: India Edible Oil Market Y-o-Y Analysis (%) by Distribution Channel, 2022-2028
Figure 15: India Edible Oil Market Size and Market Share Analysis (%) by Region, 2022 & 2028
Figure 16: India Edible Oil Market Y-o-Y Growth (%) by Region, 2022–2028
Figure 17: North India Edible Oil Market Size and Market Share Analysis (%) by Type, 2022 & 2028
Figure 18: North India Edible Oil Market Size and Market Share Analysis (%) by Packaging Type, 2022 & 2028
Figure 19: North India Edible Oil Market Size and Market Share Analysis (%) by Packaging Material, 2022 & 2028
Figure 20: North India Edible Oil Market Size and Market Share Analysis (%) by Distribution Channel, 2022 & 2028
Figure 21: West and Central India Edible Oil Market Size and Market Share Analysis (%) by Type, 2022 & 2028
Figure 22: West and Central India Edible Oil Market Size and Market Share Analysis (%) by Packaging Type, 2022 & 2028
Figure 23: West and Central India Edible Oil Market Size and Market Share Analysis (%) by Packaging Material, 2022 & 2028
Figure 24: West and Central India Edible Oil Market Size and Market Share Analysis (%) by Distribution Channel, 2022 & 2028
Figure 25: East India Edible Oil Market Size and Market Share Analysis (%) by Type, 2022 & 2028
Figure 26: East India Edible Oil Market Size and Market Share Analysis (%) by Packaging Type, 2022 & 2028
Figure 27: East India Edible Oil Market Size and Market Share Analysis (%) by Packaging Material, 2022 & 2028
Figure 28: East India Edible Oil Market Size and Market Share Analysis (%) by Distribution Channel, 2022 & 2028
Figure 29: South India Edible Oil Market Size and Market Share Analysis (%) by Type, 2022 & 2028
Figure 30: South India Edible Oil Market Size and Market Share Analysis (%) by Packaging Type, 2022 & 2028
Figure 31: South India Edible Oil Market Size and Market Share Analysis (%) by Packaging Material, 2022 & 2028
Figure 32: South India Edible Oil Market Size and Market Share Analysis (%) by Distribution Channel, 2022 & 2028
List of Tables
Table 1: India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Type
Table 2: India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Type
Table 3: India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Packaging Type
Table 4: India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Packaging Type
Table 5: India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Packaging Material
Table 6: India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Packaging Material
Table 7: India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Region
Table 8: India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Region
Table 9: North India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Type
Table 10: North India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Type
Table 11: North India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Packaging Type
Table 12: North India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Packaging Type
Table 13: North India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Packaging Material
Table 14: North India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Packaging Material
Table 15: North India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Distribution Channel
Table 16: North India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Distribution Channel
Table 17: West and Central India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Type
Table 18: West and Central India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Type
Table 19: West and Central India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Packaging Type
Table 20: West and Central India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Packaging Type
Table 21: West and Central India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Packaging Material
Table 22: West and Central India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Packaging Material
Table 23: West and Central India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Distribution Channel
Table 24: West and Central India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Distribution Channel
Table 25: East India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Type
Table 26: East India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Type
Table 27: East India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Packaging Type
Table 28: East India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Packaging Type
Table 29: East India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Packaging Material
Table 30: East India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Packaging Material
Table 31: East India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Distribution Channel
Table 32: East India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Distribution Channel
Table 33: South India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Type
Table 34: South India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Type
Table 35: South India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Packaging Type
Table 36: South India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Packaging Type
Table 37: South India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Packaging Material
Table 38: South India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Packaging Material
Table 39: South India Edible Oil Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Distribution Channel
Table 40: South India Edible Oil Market Volume (‘000 tons) Analysis and Forecast 2019-2028, by Distribution Channel
Every Sample Includes
Research Methodology
Complete Table of Contents, List of Charts and Tables
Exclusive Facts & Illustrations
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