India Soybean Oil Market Share, Price Trends & Forecast 2022-2027

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India Soybean Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The India soybean oil market is expected to exhibit a CAGR of 5.1% during 2022-2027. 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.

Soybean oil refers to a yellowish vegetable oil that is naturally extracted from the seeds of soybean. Soybean oil currently represents the second most consumed edible in India after palm oil. Some of the key factors driving the demand of soybean oil in India includes its large population, rising disposable incomes, growth of the food services sector and increasing demand in non-food applications.

In India, the changing consumer dietary habits are primarily augmenting the demand for soybean oil based on its neutral taste, high smoke point, and low saturated fat content. Moreover, rising consumer health concerns have led to the introduction of healthy product variants for managing heart health and lowering blood cholesterol levels. Additionally, the high penetration of international food trends in India has led to the increasing utilization of soybean oil in preparing condiments, dressings, mayonnaise, non-dairy creamers, margarine, shortenings, whipped toppings, etc. Besides this, the rising consumer sedentary lifestyles and their hectic work schedules are also augmenting the demand for soybean oil in processed food items. Moreover, soybean oil also finds several applications in the personal care industry based on its high content of vitamin E that prevents skin inflammation and helps in retaining skin moisture. Western and Central India currently represent the biggest markets for soybean oil in the country as they also represent the key regions where the domestic soybean crop is grown. Additionally, there is also a strong household demand for soybean oil in Western and Central India.

The outbreak of the COVID-19 pandemic, in early 2020, however, has had a negative impact on the demand of soybean oil in India. The pandemic resulted in a nationwide lockdown in the country which led to disruptions in the supply chains of soybean oil. Additionally, the lockdown also resulted in the temporary closure of hotels, restaurants, cafeterias, and other food service joints in the country, creating a negative impact on the demand of soybean oil.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India soybean oil market report, along with forecasts at the country and regional level from 2022-2027. 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
Other Industrial Uses

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 along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2021
Historical Period	2016-2021
Forecast Period	2022-2027
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
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499
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:

How has the India soybean oil market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India soybean oil market?
What are the key regional markets?
What is the breakup of the market based on the packaging type?
What is the breakup of the market based on the packaging material?
What is the breakup of the market based on the pack size?
What is the breakup of the market based on the domestic manufacturing/imports?
What is the breakup of the market based on the application?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the India soybean oil market and who are the key players?
What is the degree of competition in the industry?

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India Soybean Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

Key Market Segmentation:

Competitive Landscape:

Report Coverage:

Key Questions Answered in This Report:

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India Soybean Oil Market

India Soybean Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

Key Market Segmentation:

Competitive Landscape:

Report Coverage:

Key Questions Answered in This Report:

Need more help?

Related Report

Social Links

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