The India soybean oil market exhibited strong growth during 2014-2019. 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. The India soybean oil market, however, is expected to recover from 2021 onwards and exhibit strong growth during 2021-2025.
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 for growth at the region level from 2020-2025. Our report has categorized the market based on region, 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.
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?
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 Soybean 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 Other Industrial Uses
10.4.1 Market Trends
10.4.2 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
List of Figures
Figure 1: India: Soybean Oil Market: Major Drivers and Challenges
Figure 2: India: Soybean Oil Market: Sales Value (in Billion US$), 2014-2019
Figure 3: India: Soybean Oil Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 4: India: Soybean Oil Market: Breakup by Packaging Type (in %), 2019
Figure 5: India: Soybean Oil Market: Breakup by Packaging Material (in %), 2019
Figure 6: India: Soybean Oil Market: Breakup by Pack Size (in %), 2019
Figure 7: India: Soybean Oil Market: Breakup by Domestic Manufacturing/Imports (in %), 2019
Figure 8: India: Soybean Oil Market: Breakup by Application (in %), 2019
Figure 9: India: Soybean Oil Market: Breakup by Distribution Channel (in %), 2019
Figure 10: India: Soybean Oil Market: Breakup by Region (in %), 2019
Figure 11: India: Soybean Oil (Pouches) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: India: Soybean Oil (Pouches) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: India: Soybean Oil (Jars) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: India: Soybean Oil (Jars) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: India: Soybean Oil (Cans) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: India: Soybean Oil (Cans) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: India: Soybean Oil (Bottles) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: India: Soybean Oil (Bottles) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: India: Soybean Oil (Metal) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: India: Soybean Oil (Metal) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: India: Soybean Oil (Plastic) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: India: Soybean Oil (Plastic) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: India: Soybean Oil (Paper) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: India: Soybean Oil (Paper) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: India: Soybean Oil (Other Packaging Materials) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: India: Soybean Oil (Other Packaging Materials) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: India: Soybean Oil (Less than 1 Litres) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: India: Soybean Oil (Less than 1 Litres) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: India: Soybean Oil (1 Litres) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: India: Soybean Oil (1 Litres) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: India: Soybean Oil (1 Litres - 5 litres) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: India: Soybean Oil (1 Litres - 5 litres) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: India: Soybean Oil (5 Litres - 10 Litres) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: India: Soybean Oil (5 Litres - 10 Litres) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: India: Soybean Oil (10 Litres and Above) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: India: Soybean Oil (10 Litres and Above) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: India: Soybean Oil (Domestic Manufacturing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: India: Soybean Oil (Domestic Manufacturing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: India: Soybean Oil (Imports) Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: India: Soybean Oil (Imports) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: India: Soybean Oil (Household Cooking) Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: India: Soybean Oil (Household Cooking) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: India: Soybean Oil (HoReCa) Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: India: Soybean Oil (HoReCa) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: India: Soybean Oil (Food Processing Industry) Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: India: Soybean Oil (Food Processing Industry) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: India: Soybean Oil (Other Industrial Uses) Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: India: Soybean Oil (Other Industrial Uses) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: India: Soybean Oil (Direct/Institutional Sales) Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: India: Soybean Oil (Direct/Institutional Sales) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: India: Soybean Oil (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: India: Soybean Oil (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: India: Soybean Oil (Convenience Stores) Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: India: Soybean Oil (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: India: Soybean Oil (Online) Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: India: Soybean Oil (Online) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: India: Soybean Oil (Other Distribution Channels) Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: India: Soybean Oil (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: North India: Soybean Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: North India: Soybean Oil Market: Breakup by State (in %), 2019
Figure 61: North India: Soybean Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: West and Central India: Soybean Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: West and Central India: Soybean Oil Market: Breakup by State (in %), 2019
Figure 64: West and Central India: Soybean Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: East India: Soybean Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: East India: Soybean Oil Market: Breakup by State (in %), 2019
Figure 67: East India: Soybean Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: South India: Soybean Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: South India: Soybean Oil Market: Breakup by State (in %), 2019
Figure 70: South India: Soybean Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: India: Soybean Oil Industry: SWOT Analysis
Figure 72: India: Soybean Oil Industry: Value Chain Analysis
Figure 73: India: Soybean Oil Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: India: Soybean Oil Market: Key Industry Highlights, 2019 and 2025
Table 2: India: Soybean Oil Market Forecast: Breakup by Packaging Type (in Million US$), 2020-2025
Table 3: India: Soybean Oil Market Forecast: Breakup by Packaging Material (in Million US$), 2020-2025
Table 4: India: Soybean Oil Market Forecast: Breakup by Pack Size (in Million US$), 2020-2025
Table 5: India: Soybean Oil Market Forecast: Breakup by Domestic Manufacturing/Imports (in Million US$), 2020-2025
Table 6: India: Soybean Oil Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 7: India: Soybean Oil Market Forecast: Breakup by Distribution Channel (in Million US$), 2020-2025
Table 8: India: Soybean Oil Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 9: India: Soybean Oil Market: Competitive Structure
Table 10: India: Soybean Oil Market: Key Players