India Specialty Fats & Oils Market Size, Share, Outlook 2033

India Specialty Fats & Oils Market Size, Share, Trends and Forecast by Type, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A32670

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India Specialty Fats & Oils Market Overview:

The India specialty fats & oils market size reached USD 1.79 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.65 Billion by 2033, exhibiting a growth rate (CAGR) of 4.46% during 2025-2033. The market is driven by increasing health awareness, which is prompting demand for healthier alternatives, the expansion in food processing and bakery sectors, and the rising product usage in the personal care and cosmetics industries.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 1.79 Billion
Market Forecast in 2033	USD 2.65 Billion
Market Growth Rate 2025-2033	4.46%

India Specialty Fats & Oils Market Trends:

Rising Demand for Plant-Based and Sustainable Products

Consumer tastes in India are progressively evolving towards healthier and more ecologically sustainable food alternatives, owing to rising health awareness and environmental concerns. As a result, there is an increased demand for specialized fats and oils, particularly those derived from plants. The growth of vegetarian and vegan diets has increased the demand for plant-based foods. For example, Cargill's launch of the Gemini Plus Trans Fat-Free Vanaspati in Kerala appeals to health-conscious consumers looking for traditional tastes without trans fats. Additionally, Indian consumers are prioritizing sustainable sourcing, with the global market for sustainably sourced palm oil projected to reach 8 million metric tons. As a response, Indian manufacturers are adopting sustainable practices, such as sourcing certified sustainable palm oil and exploring alternatives like sunflower and soybean oils. Supporting this shift, the Indian government approved a USD 1.2 billion program in October 2024 to boost domestic edible oil production, aiming to increase output from 12.7 million metric tons to 25.45 million metric tons by 2030-31. This growing demand for plant-based and sustainable products is among the key factors driving the market growth.

Technological Advancements in Food Processing

Technological advancements in food processing are revolutionizing the market by enabling the production of customized fats and oils with unique functions adapted to the different demands of the food sector. Innovations such as enzymatic interesterification, fractionation, and hydrogenation have enabled the production of specialized fats and oils with enhanced stability, texture, and nutritional profiles. These improvements cater to the evolving demands of the food industry for healthier and more functional ingredients. A pertinent example is the introduction of enzymatic interesterification, which allows for the modification of fat molecules to produce trans-fat-free alternatives with desirable melting points and textures. This technology has been instrumental in developing specialty fats used in confectionery and bakery products, meeting consumer preferences for healthier options without compromising on quality. Furthermore, the adoption of advanced extraction and refining techniques has facilitated the production of high-quality specialty oils, such as palm and coconut oils, which are extensively utilized in processed foods. These technological strides not only improve product quality but also expand the application scope of specialty fats and oils, thereby driving market growth in India.

India Specialty Fats & Oils Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type and application.

Type Insights:

Specialty Oils
Specialty Fats

The report has provided a detailed breakup and analysis of the market based on the type. This includes specialty oils and specialty fats.

Application Insights:

Confectionery
Dairy

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes confectionery and dairy.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Specialty Fats & Oils Market News:

January 2025: KRBL announced its plans to introduce a new edible oil brand in February, a key step toward increasing its product offering. The firm is also planning to join the spices and staple food industries shortly as part of its effort to expand its goods and reach a larger client base.
July 2024: Louis Dreyfus Company (LDC) relaunched its consumer-facing edible oil brand in India. The updated product range comprises Vibhor Refined Soybean Oil, Cottonseed Oil, Palm Olein Oil, Mustard Oil, and Premium Vanaspati, all of which are fortified with vitamins A and D. The brand's motto, 'Mera vishwas vibhor ke saath' (My faith in Vibhor), emphasizes its dedication to authenticity and excellence.
July 2024: Adani Wilmar revealed its intention to invest over INR 600 crore this fiscal year to develop its edible oil manufacturing capacity and introduce new culinary items. The corporation hopes for increased volume growth with ongoing INR 3,400 crore expansion plans.

India Specialty Fats & Oils Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Application Region
Types Covered	Specialty Fats, Specialty Oils
Applications Covered	Confectionery, Dairy
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
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 specialty fats & oils market performed so far and how will it perform in the coming years?
What is the breakup of the India specialty fats & oils market on the basis of type?
What is the breakup of the India specialty fats & oils market on the basis of application?
What are the various stages in the value chain of the India specialty fats & oils market?
What are the key driving factors and challenges in the India specialty fats & oils market?
What is the structure of the India specialty fats & oils market and who are the key players?
What is the degree of competition in the India specialty fats & oils market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India specialty fats & oils market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India specialty fats & oils market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India specialty fats & oils industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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