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India is blessed with many positive factors that enable it to stand in a unique position in Agro-based products. After achieving independence, India is positive whereby it has become a net employer of agricultural-based products. India is a major oilseed-producing country among the different countries producing oilseeds; India has the largest area and production of a few oilseed crops, namely groundnut, rapeseed/mustard, sesame, and coconut. Yet, India is the largest importer of edible oil. India’s edible oil market is estimated at INR 5,19,905 Crore by the year FY 2027-28, with the unorganized oil market showing a decline in the market share with a CAGR of around 5%.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
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Together, groundnut, soybean, and rapeseed/mustard account for over half of the output of cultivated oilseeds in India. Efficiency gains in the oilseed-processing sector have been hampered by poor infrastructure and policies restricting economies of scale in processing plants. Carried out with in-depth analysis, the report 'India Edible Oil Market Outlook, 2027-28' gives an insight into the transformation to occur in the edible oil market. With consumer buying behaviour differing among the states, the northern region is expected to lead the market in terms of consumption of packaged edible oil.
With the increasing awareness about the health benefits of the different oils, the perception of the consumers, and the commonly seen trend is the inclusion of a variety of oil in the daily diet. With this, there has been a considerable shift from traditional oils towards non-traditional oils, such as olive oil and rice bran oil to name a few. Yet, this has not stopped consumers from eliminating traditional oil from their diet. Edible oil packaging has evolved over the years to encompass a wide range of packaging products such as jerry cans, pouches, jars, tin cans, and bottles, among others. The growth of the packaged oil type was not even and only certain variants showed growth in the market. After more than a year of sustaining lockdown, the firms have started to witness recovery in demand with major players now confident of sustaining growth if the situation remains favorable.
As domestic production does not meet the increasing domestic demand, India relies highly on imports, with few oils contributing significantly to the exports. Crushing of groundnut, rapeseed/mustard, and sunflower is reserved for the small-scale sector. These makeup over two-thirds of the aggregate oilseed output of the country. This has translated into a lack of significant investments in large, integrated processing plants and poor economies of scale in the operations of existing players. To harmonize the interests of farmers, processors, and consumers and at the same time, regulate the large import of edible oils to the extent possible, the import duty structure on edible oils is reviewed from time to time. The country exports edible oils in small quantities to meet expatriate demand. The rise in exports of edible oils is a positive development for India’s oilseed growers, enabling higher realizations for the crops. The rise in bulk exports is seen as a big boost as it brightens the prospects for better remuneration for the oilseed crops. Edible oils are freely exportable in bulk, while mustard oil is allowed in consumer packs not exceeding 5 kg.
The growth in the edible oil industry has resulted from many driving factors; not only from the demand perspective but also from a consumer perspective. From the consumer trends perspective, demand is driven in the area of fat content, health benefits, packaging, and price. This increasing awareness is the reason for the consumer shift from the unorganized market to the purchase of branded edible oil.
Major companies present in the market:
Adani Wilmar Limited, Bunge Foods Pvt Ltd (Dalda & Gagan), Marico (Saffola), Cargill India PVT LTD, N.K Proteins (Tirupati), Gulab Oil and Foods Pvt. Ltd., Vimal Oil & Foods Ltd, Mahesh Edible Oil Industries (Saloni Mustard Oil), Agro Tech Foods Limited, Sanwaria Consumer Limited (Sanwaria Agro Oils Limited), Ruchi Soya Limited, Patanjali Ayurved Limited, Emami Agrotech Limited, Bansal Oil Mill Limited, K. S. Oils Limited (Kalash), Puri Oil Limited, Future Consumer Ltd
Covid-19 Impact:
The outbreak of the COVID-19 pandemic, in early 2020, however, had disrupted the supply chains of edible oil due to the temporary shutdown of several oil production units, restricted import activities, and the unavailability of raw materials. Furthermore, the national lockdown had led to a temporary closure of hotels, restaurants, canteens, and public food joints in the country, thereby negatively affecting the demand of edible oil. The market is, however, expected to recover as normalcy is regained.Considered in the report
- Geography: India
- Base year: 2021-22
- Historical year: 2016-17
- Estimated year: 2022-23
- Forecasted year: 2027-28
Aspects covered in the report
- India Oil Market
- India Edible Oil Market
- India Packaged Edible Oil Market
- India Groundnut Oil Market Outlook
- India Mustard Oil Market Outlook
- India Sunflower Oil Market Outlook
- India Soybean Oil Market Outlook
- India Olive Oil Market Outlook
- India Sesame Oil Market Outlook
- India Coconut Oil Market Outlook
- India Cottonseed Oil Market Outlook
- India Rice Bran Oil Market Outlook
- India Corn Oil Market Outlook
- India Palm Oil Market Outlook
- Price Product and Variant Analysis
- Market Trends & Developments
- India Economic Profile
- Porters Five Force Model
- Company Profile of Top Players
Segments covered in the market
- By Market Type
- By Packaging Type
- By Packaging Size
- By Region
- By End User
- By Application
- By Sales Channel
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the frozen food industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.Table of Contents
1. Executive Summary18. PEST Analysis20. Policy & Regulatory Framework24. Strategic Recommendation’s25. Disclaimer
2. Market Structure
3. Research Methodology
4. India Edible Oil Market Outlook
5. India Packaged Edible Oil Market Outlook (Organized)
6. India Groundnut Oil Market Outlook
7. India Mustard Oil Market Outlook
8. India Sunflower Oil Market Outlook
9. India Soybean Oil Market Outlook
10. India Olive Oil Market Outlook
11. India Sesame Oil Market Outlook
12. India Coconut Oil Market Outlook
13. India Cottonseed Oil Market Outlook
14. India Rice Bran Oil Market Outlook
15. India Corn Oil Market Outlook
16. India Palm Oil Market Outlook
17. Product Price & Variant Analysis
19. Trade Dynamics
21. Market Dynamics
22. Market Trends & Developments
23. Competitive Landscape
List of Figure
List of Table
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adani Wilmar Limited
- Agro Tech Foods Ltd.
- Bansal Oil Mill Limited
- Bunge India Private Limited
- Cargill India Private Limited
- Emami Agrotech Limited
- Future Consumer Enterprise Ltd.
- Gulab Oil And Foods Pvt. Ltd.
- K. S. Oils Limited
- Mahesh Edible Oil Industries (Saloni Mustard oil)
- Marico Limited
- N.K Protains Pvt Ltd (Tirupati)
- Patanjali Ayurved Limited
- Puri Oil Mills Limited
- Reliance Retail Ltd
- Ruchi Soya Limited
- Sanwaria Consumer Limited
- Vimal Oil & Foods Ltd