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

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: