India Edible Cottonseed Oil, Soybean Oil & Corn Oil Market Outlook, 2027-28

While cottonseed oil is one of the primarily used oil, corn oil and soybean oil can be termed as comparatively newer oil. Cotton is an important cash crop in India, being a major raw material for the textile industry, have made its robust position in the Indian edible oil industry with its light colors and a non-oily consistency, suitable for all Indian cuisines. Extracted from the seeds of the soybean plant, with a mild neutral taste, the oil fits nearly all recipes and thus is gaining much popularity among consumers. Delicious in any form consumed, just like corn, the corn oil obtained from the corn germ is an excellent choice for frying with resistance to smoking or discoloration. The specifics of these oils are the availability at a considerate price range loaded with health benefits, without altering the taste of the food.

As a conclusion of the report published named 'India Edible Cottonseed Oil, Soybean Oil & Corn Oil Market Outlook, 2027-28', the total edible oil market is estimated at INR 5,19,905 Crore in the year 2027, out of which the three oil is expected to grow to a market of more than INR 1,50,000 Crore by the end of the forecasted period. In terms of production, cottonseed oilseed is expected to have very minimal growth and thus range to the production of slightly more than 0.05 million Tonnes by the end of the forecasted period. Against this market, the soybean oilseed is to show a profitable increase, crossing 1 million Tonnes of production.

Commenting on India's soybean oil consumption pattern, it can be said that, Indians may continue to prefer lower-priced palm oil over soybean oil because of price competitiveness. The cottonseed despite being majorly cultivated in the western region, the major use of cotton is restricted to the textile industry and much lesser concentration given to the oil production which therefore underutilized with the current recovery of oil alone, being only about two-thirds of its potential. Still, cottonseed oil has become an important source of edible oil and is now the third-largest contributor to the domestic edible oil supply. In context to the well-known fact that the Indian consumers are price sensitive, the corn oil should have been much popular, as it is generally less expensive than most other types of vegetable oils. Given the availability of a variety of oilseed crops for edible purposes, in India, corn oil is not very popular for domestic uses, as it does not constitute a part of conventional food recipe in the country. This is the principal reason for less popularity of corn oil for the cooking purpose, holding less than 60% of the market share. Nevertheless, the oil has much popular in industrial applications in soap, rustproofing for metal surfaces, inks, textiles, nitro-glycerine, and insecticides.

The market of these three oils is dominated by the organized market, both in terms of value and volume. While soybean oil and cottonseed oil have a contribution of more than 80% from the organized markets, corn oil has a contribution of less than 75% in the year 2021. It can be excepted that the market will show an increasing trend in general, with the consumers being more aware of the adulteration and the need of consuming a better-quality product.

Major companies present in the market:

Adani Wilmar Limited, Bunge Foods Pvt Ltd (Dalda & Gagan), Cargill India PVT LTD, N.K Proteins (Tirupati), Gulab Oil And Foods Pvt. Ltd., Vimal Oil & Foods Ltd, Patanjali Ayurved Limited,

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 Soybean Oil Market Outlook
• India Cottonseed Oil Market Outlook
• India Corn 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.