Top Companies in the Indian Palm Oil Industry

The India palm oil market reached a volume of 10.2 Million Tons in 2024. The market is expected to reach 14.1 Million Tons by 2033, exhibiting a growth rate (CAGR) of 3.4% during 2025-2033. Palm oil is an edible oil that is naturally extracted from the mesocarp of palm fruits. It offers numerous nutritional benefits since it is easy to digest, cholesterol-free, and rich in carotenoids and Vitamin A. It also has a longer shelf-life and is more affordable than other vegetable oils available in the market. At present, palm oil is widely consumed in India after soybean oil and mustard oil. However, India’s demand for palm oil is currently met by imports mainly from Malaysia and Indonesia, with limited domestic production. 

As per the analysis by IMARC Group, the top India palm oil companies are introducing sustainable practices in sourcing and production by utilizing less land, water, and energy resources. They are also engaging in several mergers and acquisitions to strengthen their consumer base. Besides this, the leading market players are expanding their production facilities to meet the increasing demand for palm oil in various non-food applications, such as surfactants, personal care products, cosmetics, agrochemicals, and biofuels, which is also providing a positive market outlook.

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List of Top Companies Operating in the Indian Palm Oil Industry:

The Indian palm oil market has several major players including 3F Industries Ltd., AWL Agri Business Ltd, Emami Agrotech Ltd., Gokul Group, K. S. Oils Limited, Oil Palm India Ltd., and Patanjali Foods Ltd. More information about these companies has been provided below.

1. 3F Industries Ltd.

3F Industries, formerly known as Foods Fats & Fertilizers Ltd, is an Indian MNC with over 50 years of experience producing various products through its various facilities in India and overseas. It commonly operates through ten segments: bakery, edible oils, lauric fats, pharma, personal care, oleochemicals, animal feed, specialty fats, shea skincare products, and commodity trading. Presently, the company has four production facilities across India and has operations in more than ten countries across the globe.

2. AWL Agri Business Ltd

AWL Agri Business, part of Adani Wilmar, is a leading player in India’s edible oil and agri products space. It began with palm oil refining and has grown into a diversified food and FMCG company. Its flagship “Fortune” brand has become a household name, reflecting its strong distribution and marketing reach. The company operates large, modern plants across the country, enabling efficient refining and packaging. Alongside edible oils, it offers consumer foods, industrial fats, and oleochemicals. With a strong domestic footprint and growing exports, AWL balances technology-driven production with scale, making it a key supplier to both retail and institutional segments.

3. Emami Agrotech Ltd.

Emami Agrotech, the food arm of the Emami Group, plays a prominent role in India’s edible oil and biodiesel markets. The company operates several advanced refineries strategically located to serve both domestic consumers and export markets. It markets a variety of cooking oils under trusted brands, while also producing biodiesel derived from palm oil, which is supplied to overseas buyers. Emami has consistently introduced differentiated offerings, including fortified and immunity-focused products, expanding into categories like spices and processed foods. Its reach covers millions of households and commercial kitchens, supported by a strong distribution system and a growing presence in modern retail.

4. Gokul Group

Gokul Group is active in the edible oil and agro-commodity trade, with a focus on refining palm, soybean, sunflower, and castor oils. Its refineries are equipped to handle large volumes, ensuring a consistent supply to the domestic market. Alongside refining, the group has extended its presence into international trading, with subsidiaries in regions close to palm oil origins. This global network allows it to balance raw material sourcing with demand in India. Gokul’s products cater to both retail consumers and industrial clients, positioning it as a versatile player that combines traditional business strengths with modern processing and export capabilities.

5. K. S. Oils Limited

K. S. Oils is among India’s long-established edible oil companies, with a strong base in palm and mustard oils. Its brands have built recognition in both rural and urban markets, reflecting a strategy that combines affordability with large-scale availability. The company operates multiple plants and also maintains plantations overseas to secure a palm oil supply. With its international presence in Southeast Asia, K. S. Oils integrates sourcing with refining and marketing in India. Its products serve everyday household needs while also catering to bulk buyers and food processors, making it a full-spectrum provider in the edible oil category.

6. Oil Palm India Ltd.

Oil Palm India is a joint venture supported by the central and state governments, created to encourage the cultivation of oil palm in Kerala. Its focus is primarily on agricultural extension rather than large-scale refining. The company distributes planting material, promotes sustainable farming practices, and provides a market outlet for growers. By supporting farmers with training and guaranteed procurement, Oil Palm India ensures stable returns for cultivators while contributing to the domestic palm oil supply. Its role is developmental, aiming to reduce India’s dependence on imports and create long-term benefits for the agricultural community in oil palm-growing regions.

7. Patanjali Foods Ltd.

Patanjali Foods has become one of India’s largest edible oil and FMCG companies, spanning plantation, refining, and consumer products. It manages extensive oil palm plantations across multiple states, strengthening the country’s self-reliance in palm oil. Beyond edible oils, its portfolio includes packaged foods, nutraceuticals, oleochemicals, and renewable energy, making it highly diversified. The company serves millions of Indian households through wide retail distribution and also exports ingredients to global markets. With a focus on natural and Ayurveda-aligned products, Patanjali leverages brand trust while investing in sustainable cultivation under government schemes, reinforcing its position as a dominant force in India’s palm oil sector.

Get an inside look at the Indian palm oil market with exclusive insights, including:

• CAGR projections during the 2025-2033 forecast period.
• In-depth information on the factors that will fuel the Indian palm oil market growth in the next five years.
• Precise predictions regarding upcoming trends and potential changes in consumer behavior.
• Analysis of the Indian palm oil industry's expansion at the regional and global level.
• A thorough review of the market's competitive landscape and detailed information on key players.
• Detailed explanations of the challenges that could impede the growth of the Indian palm oil market.

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has successfully done multiple projects in the palm oil industry, which has enabled clients to set up and expand their businesses. Some of the company’s offerings include:

• Market Research
• Plant Setup
• Plant Expansion
• Marketing and Sales
• Procurement and Distribution
• Innovation and Product Development