The India edible oil market reached 23.9 Million Tons in 2021. Edible oil is a fatty liquid derived from various vegetables and animal tissues. It is rich in essential fat-soluble vitamins, polyunsaturated fatty acids, and minerals, such as zinc, phytosterols, and selenium. It helps enhance the nutritional value of the food items and provides distinct texture and flavor. It is widely used for frying, baking, and other types of cooking in households, restaurants, and food processing units. It is also utilized in food preparations that do not involve heat, such as salad dressings and dips. At present, India is the largest importer of edible oil in the world.
As per the analysis by IMARC Group, the top companies in the Indian edible oil industry are introducing healthy product variants enriched with omega-3, vitamins, and natural antioxidants. They are also offering premium product variants, such as olive oil, sesame oil, and flaxseed oil. Besides this, the Government of India (GOI) is making constant efforts to boost the domestic availability of edible oil and reduce the dependency on imports. For instance, the GOI has proposed the National Mission on Edible Oil (NMEO) to fulfill the country's consumption need for edible oil, including sesame oil, groundnut oil, safflower oil, and palm oil. Furthermore, several favorable government initiatives to improve the production of oilseeds in the country are offering lucrative opportunities to the key players. In addition, the leading manufacturers are focusing on expanding their geographical reach to gain a competitive edge in the market. Other factors, including the launch of organic and low-cholesterol edible oil, increasing consumer preferences for olive oil, and ongoing product innovations, are also propelling the market growth. Looking forward, IMARC Group expects the market value to reach 26.3 Million Tons by 2027, growing at a CAGR of 1.59% during 2022-2027.
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Top Indian Edible Oil Companies and Manufacturers:
3F Industries Ltd.
Headquarters: Andhra Pradesh, India
3F Industries Limited, formerly Foods Fats & Fertilizers Ltd, is an Indian multinational company that produces a wide range of products through its various facilities in India and overseas. Its diversified product portfolio includes bakery fats, fats for frozen desserts, fatty acids, glycerine, margarine, oleochemicals, refined oils, soap noodles, toilet soaps, specialty fats and confectionery fats, stearic acid, waxes, and deoiled cakes. The company is also engaged in Power Generation, International Trading in Commodities, and R&D. It operates in overseas markets like Singapore, the Middle East, Vietnam, and West African countries. Currently, it has over 5000 employees and a customer base comprising some of the world's most renowned companies.
Adani Wilmar Ltd
Headquarters: Gujarat, India
Adani Wilmar Ltd (AWL) is one of the largest FMCG food companies in India that offers most of the essential kitchen commodities for Indian consumers, such as edible oil, wheat flour, rice, pulses, and sugar. It is a joint venture between the Adani Group, a multinational diversified business group with significant interests across transport and logistics and energy and utility sectors, and the Wilmar Group, one of Asia's leading agribusiness groups. The company's main line of businesses includes edible oil, industry essentials, and food & FMCG. It has the most comprehensive range of edible oils spanning the categories of Soya, Sun, Mustard, Rice bran, Groundnut, and Cottonseed. Its flagship brand, "Fortune," is India's largest-selling edible oil brand. AWL is also one of the largest manufacturers and exporters of castor oil and oleochemicals in India. Its prominent brands are:
Agro Tech Foods Limited (Conagra Brands Inc.)
Headquarters: Secunderabad, Telangana, India
Agro Tech Foods Limited (ATFL) is a public limited company primarily engaged in manufacturing, marketing, and selling various food products and edible oils to consumers and institutional customers. The company is affiliated with ConAgra Brands, Inc. of the USA, one of the world's largest food companies. It offers a wide range of oils, ready-to-cook snacks, ready-to-eat snacks, spreads and dips, breakfast cereals, and chocolate confectionery. Its markets and sells its products under several brand names, including:
BCL Industries Limited
Headquarters: Bhatinda, Punjab, India
BCL Industries Limited is a pioneer in the edible oil, real estate, and distillery industry. It is mainly engaged in vegetable oil refining (physical and chemical), oil seed crushing unit, solvent extraction, oil extraction, distillery-ethanol industry, real estate, and rice sheller. It has a broad product portfolio, including refined soybean oil, cotton seed oil, mustard oil, palm oil, rice bran oil, basmati rice, vanaspati ghee, whiskey, vodka, rum, and liquor. The company markets and sells its products under several brands, such as
- Home Cook
- White Gold Brand
- Do Khajoor
- Red Royal Whiskey
- Summer Chef Vodka
- On the Rocks
- Bang Bang
Bunge India Private Ltd (Bunge Limited)
Headquarters: Mumbai, Maharashtra, India
Bunge India Private Ltd (BIPL) is part of Bunge Limited, a leading American agribusiness, and food production company. It manufactures a wide range of edible oils and fats to serve the needs of food manufacturers, food service companies, and consumers across India. In August 2003, the company acquired the edible oils/Vanaspati and bakery fats business of Hindustan Unilever Ltd. (HUL). In February 2012, it acquired the edible oils and fats business of Amrit Banaspati Company Limited, along with the Gagan and Ginni brands. The company is actively involved in trading crude and refined soybean oil, crude palm oil, and palm olein at seaports and various up-country locations. It is also engaged in trading indigenous oils, such as mustard and cotton oil. It has numerous prominent brands under its umbrella, including
- Chambal Fresh
- Hudson Canola
Cargill India Pvt. Ltd. (Cargill Incorporated)
Headquarters: Gurgaon, Haryana, India
Cargill India Pvt. Ltd. provides food, agriculture, financial, and industrial products and services. Its main line of businesses includes refined oils, food ingredients, grain and oilseeds, cotton, animal nutrition, industrial specialties, and trade structured finance. The company markets some of the leading consumer brands of edible oils, such as:
- Nature Fresh
- Leonardo Olive Oil
- Sunflower brand of hydrogenated fats
It also markets wheat flour under the Nature Fresh brand name. Its Animal Nutrition business offers animal feed, premix, and nutrition for aqua, dairy, and poultry. It markets animal feed and premix under several brands, including:
Currently, the company employs more than 3500 people working across offices, plants, and a network of warehouses and depots.
Gokul Agro Resources Ltd.
Headquarters: Ahmedabad, Gujarat, India
Gokul Agro Resources Ltd. (GARL) is a leading FMCG company in India that manufactures various edible and non-edible oil and allied products. Its diverse product range comprises all the major edible oil consumed globally, and in the non-edible segment, GARL is one of the largest castor oil-producing companies. Some of its products include soyabean oil, cottonseed oil, palm oil, sunflower oil, groundnut oil, vanaspati, cereals, spices, oil seeds, oleochemical products, and castor oil derivatives. The company caters to the feed meal industry of the world by supplying them with its high-quality meal of soybeans. It is engaged in the manufacturing and exports of industrial products, viz. castor oil, and its derivatives. It also operates one of the largest manufacturing facilities to produce various grades of castor oil and castor-deoiled cakes. GARL supplies its products to the United States, South Korea, European Union, China, Singapore, Indonesia, Malaysia, Russia, and Vietnam.
Gujarat Ambuja Exports Limited
Headquarters: Ahmedabad, Gujarat, India
Gujarat Ambuja Exports Limited (GAEL) manufactures corn starch derivatives, soya derivatives, feed ingredients, cotton yarn, and edible oils. It mainly serves food, pharmaceutical, feed, cosmetics, and many other industries. Its diversified product portfolio consists of refined soyabean oil, filtered groundnut oil, refined cottonseed oil, refined palm oil, vanaspati ghee, refined corn oil, bakery shortening, maize starch, cotton yarn, feed ingredients, and soya derivatives.
Headquarters: Mumbai, Maharashtra, India
Marico Limited is one of India's leading consumer goods companies that offers consumer products and services in health, beauty, and wellness. Its distinct portfolio of brands includes
- Saffola FITTIFY Gourmet
- Saffola ImmuniVeda
- Saffola Mealmaker
- Hair & Care
- Parachute Advansed
- Nihar Naturals
- Coco Soul
- Set Wet
- Just Herbs
- Black Chic
- Code 10
- Thuan Phat
Marico is present in more than 25 countries across emerging markets of Asia and Africa and operates seven factories in India, located at Puducherry, Perundurai, Jalgaon, Guwahati, Baddi, and Sanand.
Mother Dairy Fruit & Vegetable Pvt. Ltd.
Headquarters: Noida, Uttar Pradesh, India
Mother Dairy Fruit & Vegetable Pvt. Ltd. is a wholly-owned subsidiary of the National Dairy Development Board (NDDB). It mainly manufactures, markets, and sells milk and milk products, including cultured products, ice creams, paneer, and ghee. It also has a diversified product portfolio comprising edible oils, fresh fruits and vegetables, pulses, spices, fruit pulps and concentrates, tomato puree, honey, frozen snacks, frozen vegetables, and processed foods, such as jams and fruit juices. It offers a wide range of edible oils, such as refined vegetable oil, mustard oil, soyabean oil, sunflower oil, rice bran oil, groundnut oil, filtered gingelly oil, and olive oil. The company markets and sells its products under the brands:
- Mother Dairy
- Dhara brands
Patanjali Foods Limited
Headquarters: Indore, Madhya Pradesh, India
Patanjali Foods Limited, formerly known as Ruchi Soya Industries Limited, is one of the top FMCG players in India and a leading manufacturer and marketer of a healthy range of edible oils. It has an extensive presence across the entire value chain, from farm to fork, with secured access to palm oil plantations in India. The company is also a pioneer of soya foods and is one of India's largest palm plantation companies. Besides this, Patanjali Foods Limited is one of India's largest exporters of oil meals. Its diverse product portfolio comprises biscuits, vegetable oil, refined soyabean oil, sunflower oil, mustard oil, vanaspati, cottonseed oil, palm olein oil, blended oil, soya chunks, soya granules, atta, and honey. Some popular brands under its umbrella include
- Ruchi Gold
- Ruchi Star
- Ruchi No.1
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the edible oil industry, which has enabled clients to set up and expand their businesses successfully.
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