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The India edible oil market is expected to exhibit strong growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the India edible oil market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on type, packaging type, packaging material, pack size, domestic manufacturing/imports, application and distribution channel.
Breakup by Type:
Breakup by Packaging Type:
Breakup by Packaging Material:
Breakup by Pack Size:
Breakup by Domestic Manufacturing/Imports:
Breakup by Application:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|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|
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The India edible oil market was valued at US$ 30.2 Billion in 2020.
We expect the India edible oil market to exhibit a CAGR of 4.10% during 2021-2026.
The rising consumer health consciousness, along with the changing inclination towards organic and low-cholesterol edible oils, is primarily catalyzing 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 product type, the India edible oil market can be divided into palm oil, soybean oil, mustard oil, sunflower oil, and others. Currently, soybean oil holds the majority of the total market share.
Based on the packaging type, the India edible oil market has been segregated into pouches, jars, cans, and bottles. Among these, pouches currently exhibit a clear dominance in the market.
Based on the packaging material, the India edible oil market can be categorized into metal, plastic, paper, and others. Currently, plastic accounts for the majority of the total market share.
Based on the application, the India edible oil market can be segmented into HoReCa, home users, and food processing industry. Among these, home users currently account for the largest 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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