The India edible oil market size reached 24.7 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 27.9 Million Tons by 2032, exhibiting a growth rate (CAGR) of 1.35% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
24.7 Million Tons
Market Forecast in 2032
27.9 Million Tons
Market Growth Rate 2024-2032
1.35%
India currently represents the world’s largest importer of edible oil in the world. Increasing disposable incomes, rising urbanization rates, changing dietary habits and the growth of the food processing sector represent some of the key factors driving the demand of edible oil in India.
In India, the rising consumer health concerns towards the high prevalence of coronary heart diseases, diabetes, obesity, gastrointestinal disorders, etc., are primarily driving the demand for healthy edible oil. Additionally, the market is further catalyzed by the growing awareness towards several health benefits of organic and low-cholesterol edible oil. As a result, various regional manufacturers are launching healthy product variants enriched with omega-3, vitamins, and natural antioxidants. Moreover, the changing consumer dietary patterns and their hectic work schedules have led to the increasing consumption of processed food items. The rising demand for edible oil in the food processing sector as food preservatives and flavoring agents is also catalyzing the market growth in the country. Additionally, the elevating consumer living standards coupled with the increasing penetration of international culinary trends are further augmenting the demand for high-quality product variants, such as olive oil, sesame oil, flaxseed oil, etc. Apart from this, the expanding agriculture sector along with the launch of several initiatives for enhancing the production of oilseeds in the country is also propelling the market. Furthermore, the Indian government is making continuous efforts to increase the domestic availability of edible oil and reduce import dependency. For instance, the government has proposed the National Mission on Edible Oil (NMEO) for meeting the country’s consumption need for edible oil, such as sesame oil, groundnut oil, safflower oil, palm oil, etc.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India edible oil market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type, packaging type, packaging material, pack size, domestic manufacturing/imports, application and distribution channel.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
Million Tons
Segment Coverage
Type, Packaging Type, Packaging Material, Pack Size, Domestic Manufacturing/Imports, Application, Distribution Channel, Region
Region Covered
North India, West and Central India, East India, South India
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The India edible oil market reached a volume of 24.7 Million Tons in 2023.
We expect the India edible oil market to exhibit a CAGR of 1.35% during 2024-2032.
The rising consumer health consciousness, along with the changing inclination towards organic and low-
cholesterol edible oils, is currently driving the India edible oil market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
edible oil.
Based on the type, the India edible oil market has been bifurcated into palm oil, soybean oil, mustard oil,
sunflower oil, and others. Currently, palm oil holds the majority of the total market share.
Based on the packaging material, the India edible oil market can be categorized into metal, plastic,
paper, and others. Among these, plastic packaging material exhibits clear dominance in the market.
Based on the application, the India edible oil market has been divided into HoReCa, home users, and
food processing industry. Currently, home users represent the largest market share.
Based on the distribution channel, the India edible oil market can be segmented into direct/institutional
sales, supermarkets and hypermarkets, convenience stores, online, and others. Among these,
convenience stores currently account for the majority of the total market share.
On a regional level, the market has been classified into North India, West and Central India, East India,
and South India, where West and Central India currently dominates the Indian market.
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