The India edible oil market exhibited strong growth during 2014-2019. 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 India edible oil market, however, is expected to recover from 2021 onwards and exhibit strong growth during 2021-2025.
IMARC Group provides an analysis of the key trends in each sub-segment of the India edible oil market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, type, packaging type, packaging material, pack size, domestic manufacturing/imports, application and distribution channel.
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Breakup by Domestic Manufacturing/Imports:
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Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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