India Palm Oil Market to Grow at 5.3% During 2024-2032, Bolstered by Introduction of Fortified Variants

September 09, 2021 | Food & Beverages

According to the latest report by IMARC Group, titled “India Palm Oil Market Report by Packaging Type (Pouches, Jars, Cans, Bottles), Packaging Material (Metal, Plastic, Paper, and Others), Pack Size (Less than 1 Litres, 1 Litres, 1 Litres - 5 Litres, 5 Litres - 10 Litres, 10 Litres and Above), Domestic Manufacturing/Imports (Domestic Manufacturing, Imports), Application (Household Cooking, HoReCa, Food Processing Industry, Oleo Chemicals, Personal Care Products, Animal Feed, Biofuels, and Others), Distribution Channel (Direct/Institutional Sales, Supermarkets and Hypermarkets, Convenience Stores, Online, and Others), and Region 2024-2032,” the India palm oil market is expected to grow at a CAGR of 5.3% during 2024-2032. Palm oil is a vegetable oil produced from the fruit of oil palm trees.It is an odorless and colorless oil that is resistant to oxidation and stable at high temperatures, which provides fried products a crispy and crunchy texture. In addition, palm oil is a rich source of antioxidants, vitamin E, and carotene. Palm oil is used widely as cooking oil, especially in Asian and African countries. Nowadays, palm oil is widely used in India as it offers a greater yield at a lower cost of production than other vegetable oils.

India Palm Oil Market Trends:

The increasing awareness among individuals regarding the health benefits offered by palm oil represents the primary factor bolstering the market growth. Palm oil helps prevent premature aging, boost the immune system, improve vision, reduce the risk of cardiovascular diseases and enhance energy levels. Besides this, palm oil finds various applications in food products, detergents, and cosmetics due to which its sales are increasing across the country. Furthermore, with the rising environmental concerns, there has been an increased demand for biodiesel, which involves palm oil during production, thereby providing a positive impact on the market. Moreover, several manufacturers are introducing fortified vegetable oils, such as palm oil, rich in polyunsaturated fatty acids to mitigate vitamin A deficiency, which in turn is attracting a wider consumer base.

Market Summary:

  • Based on the packaging type, the market has been segmented into pouches, jars, cans and bottles. 
  • On the basis of the packaging material, the market has been classified into metal, plastic, paper and others.
  • The market has been categorized based on the pack size into less than 1 Liter, 1 Liters, 1 Litres-5 Liters, 5 Litres-10 Liters, and 10 Liters and above.
  • The market has been bifurcated into domestic manufacturing and imports.
  • On the basis of the application into household cooking, HORECA, food processing industry, oleochemicals, personal care products, animal feed, biofuels and others.
  • Based on the distribution channel, the market has been segregated into direct/institutional sales, supermarkets and hypermarkets, convenience stores, online, and others.
  • Region-wise, the market has been divided into North India, West and Central India, East India, and South India.
  • The competitive landscape of the market has 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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
India Palm Oil Market to Grow at 5.3% During 2024-2032, Bolstered by Introduction of Fortified Variants
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More