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India Palm Oil Market to Exhibit Strong Growth During 2021-2026, Bolstered by Introduction of Fortified Variants

COVID-19
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India Palm Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The India palm oil market is expected to grow at a CAGR of 9.8% 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 industries. These insights are included in the report as a major market contributor.

Palm oil refers to an edible vegetable oil that is naturally extracted from the mesocarp of palm fruits. Palm oil currently represents the most consumed edible oil in India followed by soybean oil and mustard oil. India’s demand of palm oil, however, is currently met by imports mainly from Malaysia and Indonesia with domestic production being limited. The market for palm oil in India is currently driven by factors such as its lower cost, rising urbanization rates, increasing disposable income levels, rising demand from the food services industry and its increasing applications in the non-food sector.

India’s huge population coupled with increasing levels of urbanization and elevating consumer living standards have created a positive impact on the demand of palm oil. Additionally, the rising application of palm oil in processed food items such as bakery products, and confectioneries, is also catalyzing the product demand. India’s fast-growing food service sector which includes hotels, cafes, restaurants, etc. also represents a major driver of the palm oil market in India. Additionally, the rising demand of palm oil in various non-food applications such as surfactants, personal care products, cosmetics, agrochemicals, biofuels, etc. is also driving its demand.   

The outbreak of the COVID-19 pandemic, in early 2020, however, has negatively impacted the market for palm oil in India. The national lockdown led to several supply chain disruptions, restricted import activities with palm oil producing nations, and resulted in a temporary shutdown of palm oil processing units. Additionally, the nationwide lockdown also led to a temporary closure of hotels, restaurants, canteens, and public food joints in the country, creating a negative impact on the demand of palm oil.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India palm oil market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on packaging type, packaging material, pack size, domestic manufacturing/imports, application and distribution channel.

Breakup by Packaging Type:

  • Pouches
  • Jars
  • Cans
  • Bottles
     

Breakup by Packaging Material:

  • Metal
  • Plastic
  • Paper
  • Others
     

Breakup by Pack Size:

  • Less than 1 Litres
  • 1 Litres
  • 1 Litres - 5 Litres
  • 5 Litres - 10 Litres
  • 10 Litres and Above
     

Breakup by Domestic Manufacturing/Imports:

  • Domestic Manufacturing
  • Imports
     

Breakup by Application:

  • Household Cooking
  • HoReCa
  • Food Processing Industry
  • Oleo Chemicals
  • Personal Care Products
  • Animal Feed
  • Biofuels
  • Others
     

Breakup by Distribution Channel:

  • Direct/Institutional Sales
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online
  • Others
     

Breakup by Region:

  • North India
  • West and Central India
  • East India
  • South India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 3F Industries Ltd., COFCO International, Edible Group, Godrej Agrovet Limited (Godrej Industries Limited), Gokul Refoils & Solvent Ltd., KS Oils Limited, Oil Palm India Ltd. and Patanjali Foods Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage 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
Companies Covered 3F Industries Ltd., COFCO International, Edible Group, Godrej Agrovet Limited (Godrej Industries Limited), Gokul Refoils & Solvent Ltd., KS Oils Limited, Oil Palm India Ltd. and Patanjali Foods Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License $ 1999
Five User License $ 2999
Corporate License $ 3999
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)

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    India Palm Oil Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Packaging Type
    6.1    Pouches
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Jars
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Cans
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Bottles
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Packaging Material
    7.1    Metal
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Plastic
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Paper
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Pack Size
    8.1    Less than 1 Litres
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    1 Litres
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    1 Litres - 5 Litres
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    5 Litres - 10 Litres
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    10 Litres and Above
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Domestic Manufacturing/Imports
    9.1    Domestic Manufacturing
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Imports
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Application
    10.1    Household Cooking
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    HoReCa
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Food Processing Industry
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Oleo Chemicals
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Personal Care Products
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Animal Feed
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Biofuels
        10.7.1 Market Trends
        10.7.2 Market Forecast
    10.8    Others
        10.8.1 Market Trends
        10.8.2 Market Forecast
11    Market Breakup by Distribution Channel
    11.1    Direct/Institutional Sales
        11.1.1 Market Trends
        11.1.2 Market Forecast
    11.2    Supermarkets and Hypermarkets
        11.2.1 Market Trends
        11.2.2 Market Forecast
    11.3    Convenience Stores
        11.3.1 Market Trends
        11.3.2 Market Forecast
    11.4    Online
        11.4.1 Market Trends
        11.4.2 Market Forecast
    11.5    Others
        11.5.1 Market Trends
        11.5.2 Market Forecast
12    Market Breakup by Region
    12.1    North India
        12.1.1 Market Trends
        12.1.2 Market Breakup by State
        12.1.3 Market Forecast
    12.2    West and Central India
        12.2.1 Market Trends
        12.2.2 Market Breakup by State
        12.2.3 Market Forecast
    12.3    East India
        12.3.1 Market Trends
        12.3.2 Market Breakup by State
        12.3.3 Market Forecast
    12.4    South India
        12.4.1 Market Trends
        12.4.2 Market Breakup by State
        12.4.3 Market Forecast
13    SWOT Analysis
    13.1    Overview
    13.2    Strengths
    13.3    Weaknesses
    13.4    Opportunities
    13.5    Threats
14    Value Chain Analysis
15    Porters Five Forces Analysis
    15.1    Overview
    15.2    Bargaining Power of Buyers
    15.3    Bargaining Power of Suppliers
    15.4    Degree of Competition
    15.5    Threat of New Entrants
    15.6    Threat of Substitutes
16    Price Analysis
17    Policy and Regulatory Landscape
18    Competitive Landscape
    18.1    Market Structure
    18.2    Key Players
    18.3    Profiles of Key Players
        18.3.1   3F Industries Ltd.
        18.3.2   COFCO International
        18.3.3   Edible Group
        18.3.4   Godrej Agrovet Limited (Godrej Industries Limited)
        18.3.5   Gokul Refoils & Solvent Ltd.
        18.3.6   KS Oils Limited
        18.3.7   Oil Palm India Ltd.
        18.3.8   Patanjali Foods Limited

List of Figures

Figure 1: India: Palm Oil Market: Major Drivers and Challenges
Figure 2: India: Palm Oil Market: Sales Value (in Billion US$), 2015-2020
Figure 3: India: Palm Oil Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: India: Palm Oil Market: Breakup by Packaging Type (in %), 2020
Figure 5: India: Palm Oil Market: Breakup by Packaging Material (in %), 2020
Figure 6: India: Palm Oil Market: Breakup by Pack Size (in %), 2020
Figure 7: India: Palm Oil Market: Breakup by Domestic Manufacturing/Imports (in %), 2020
Figure 8: India: Palm Oil Market: Breakup by Application (in %), 2020
Figure 9: India: Palm Oil Market: Breakup by Distribution Channel (in %), 2020
Figure 10: India: Palm Oil Market: Breakup by Region (in %), 2020
Figure 11: India: Palm Oil (Pouches) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: India: Palm Oil (Pouches) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: India: Palm Oil (Jars) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: India: Palm Oil (Jars) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: India: Palm Oil (Cans) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: India: Palm Oil (Cans) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: India: Palm Oil (Bottles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: India: Palm Oil (Bottles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: India: Palm Oil (Metal) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: India: Palm Oil (Metal) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: India: Palm Oil (Plastic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: India: Palm Oil (Plastic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: India: Palm Oil (Paper) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: India: Palm Oil (Paper) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: India: Palm Oil (Other Packaging Materials) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: India: Palm Oil (Other Packaging Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: India: Palm Oil (Less than 1 Litres) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: India: Palm Oil (Less than 1 Litres) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: India: Palm Oil (1 Litres) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: India: Palm Oil (1 Litres) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: India: Palm Oil (1 Litres - 5 Litres) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: India: Palm Oil (1 Litres - 5 Litres) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: India: Palm Oil (5 Litres - 10 Litres) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: India: Palm Oil (5 Litres - 10 Litres) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: India: Palm Oil (10 Litres and Above) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: India: Palm Oil (10 Litres and Above) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: India: Palm Oil (Domestic Manufacturing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: India: Palm Oil (Domestic Manufacturing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: India: Palm Oil (Imports) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: India: Palm Oil (Imports) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: India: Palm Oil (Household Cooking) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: India: Palm Oil (Household Cooking) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: India: Palm Oil (HoReCa) Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: India: Palm Oil (HoReCa) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: India: Palm Oil (Food Processing Industry) Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: India: Palm Oil (Food Processing Industry) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: India: Palm Oil (Oleo Chemicals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: India: Palm Oil (Oleo Chemicals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: India: Palm Oil (Personal Care Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: India: Palm Oil (Personal Care Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: India: Palm Oil (Animal Feed) Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: India: Palm Oil (Animal Feed) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: India: Palm Oil (Biofuels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: India: Palm Oil (Biofuels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: India: Palm Oil (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: India: Palm Oil (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: India: Palm Oil (Direct/Institutional Sales) Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: India: Palm Oil (Direct/Institutional Sales) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: India: Palm Oil (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: India: Palm Oil (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: India: Palm Oil (Convenience Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: India: Palm Oil (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: India: Palm Oil (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: India: Palm Oil (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: India: Palm Oil (Other Distribution Channels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: India: Palm Oil (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: North India: Palm Oil Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: North India: Palm Oil Market: Breakup by State (in %), 2020
Figure 69: North India: Palm Oil Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: West and Central India: Palm Oil Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: West and Central India: Palm Oil Market: Breakup by State (in %), 2020
Figure 72: West and Central India: Palm Oil Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: East India: Palm Oil Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: East India: Palm Oil Market: Breakup by State (in %), 2020
Figure 75: East India: Palm Oil Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: South India: Palm Oil Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: South India: Palm Oil Market: Breakup by State (in %), 2020
Figure 78: South India: Palm Oil Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: India: Palm Oil Industry: SWOT Analysis
Figure 80: India: Palm Oil Industry: Value Chain Analysis
Figure 81: India: Palm Oil Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Palm Oil Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Palm Oil Market Forecast: Breakup by Packaging Type (in Million US$), 2021-2026
Table 3: India: Palm Oil Market Forecast: Breakup by Packaging Material (in Million US$), 2021-2026
Table 4: India: Palm Oil Market Forecast: Breakup by Pack Size (in Million US$), 2021-2026
Table 5: India: Palm Oil Market Forecast: Breakup by Domestic Manufacturing/Imports (in Million US$), 2021-2026
Table 6: India: Palm Oil Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: India: Palm Oil Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 8: India: Palm Oil Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 9: India: Palm Oil Market: Competitive Structure
Table 10: India: Palm Oil Market: Key Players


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Key Questions Answered in This Report

We expect the India palm oil market to exhibit a CAGR of 1.08% during 2022-2027.

The growing consumer awareness towards the numerous benefits of palm oil, such as preventing premature aging, boosting immune system, reducing the risk of cardiovascular diseases, etc., is primarily driving the India palm 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 palm oil across the nation.

Based on the packaging type, the India palm oil market has been bifurcated into pouches, jars, cans, and bottles. Currently, bottles hold the majority of the total market share.

Based on the packaging material, the India palm oil market can be segmented into metal, plastic, paper, and others. Among these, plastic exhibits a clear dominance in the market.Based on the packaging material, the India palm oil market can be segmented into metal, plastic, paper, and others. Among these, plastic exhibits a clear dominance in the market.

Based on the pack size, the India palm oil market has been divided into less than 1 liters, 1 liters, 1 litres-5 liters, 5 litres-10 liters, and 10 liters and above. Currently, 1 liters accounts for the largest market share.

Based on the domestic manufacturing/imports, the India palm oil market can be segregated into domestic manufacturing and imports, where imports hold the majority of the total market share.

Based on the application, the India palm oil market has been categorized into household cooking, HoReCa, food processing industry, oleo chemicals, personal care products, animal feed, biofuels, and others. Among these, the food processing industry currently exhibits a clear dominance in the market.

Based on the distribution channel, the India palm oil market can be bifurcated into direct/institutional sales, supermarkets and hypermarkets, convenience stores, online, and others. Currently, direct/institutional sales 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 South India currently dominates the India palm oil market.

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