India Edible Oils and Fats Market (2024-2030) Outlook | Size, Share, Industry, Revenue, Growth, Companies, Analysis, Trends, Forecast & Value

India Edible Oils and Fats Market Synopsis

Edible oil and fats have been an integral part of India diets since many years. India is the world???s fourth largest edible oil economy after USA, China and Brazil with a market size of USD 32 billion in 2019. The country consumes about 24-25 million tons of edible oils annually, out of which 70% is imported. In terms of production, India produces around 8-9 MMT (Million Metric Tonnes) per annum comprising mainly groundnut oil/cake (2 MMT), Soybean Oil/Cake (1.5 MMT), Cottonseed Oil/Cake (3 - 3.5MMT), Rapeseed & Mustard Oil/Cake (3MMT).

Market Drivers

Increasing health consciousness among consumers: Consumers becoming more health conscious is one of the key factors driving growth in India edible oils and fats market. As part of this trend, consumers are increasingly opting for healthier substitutes such as olive oil, palm oil, flaxseed oil etc., over traditional cooking oils such as mustard and groundnut oil etc., leading to higher demand for edible oils and fats.Growing demand from food processing industry: The growing demand from food processing industry has further augmented the growth of edible oils & fats market in India. Edible oils & fats are used extensively by the food processing companies in making snacks like chips, namkeens, biscuits etc., confectionary items like sweets, chocolates etc., bakery products like cakes & pastries and ready-to-eat meals both vegetarian and non-vegetarian products which actively contribute to its growth across India.

Challenges of the Market

High Prices Due to Low Yields ???Edible oils are facing problems due to limited arable land availability resulting from population pressure coupled with high levels of soil erosion caused by inefficient farming practices, leading to low yields per acreage cultivated; thus resulting in higher prices for these commodities compared with global markets. Lack of Processing Capacity ???The processing capacity available within India edible oil sector is far below its potential allowing only 25% utilization currently which further compounds price inflationary pressures on domestic supplies due high transportation costs associated with imports from overseas sources Unavailability Of Variety??? There is limited availability of different varieties like peanut/groundnut oils , sesame seeds etc., so there is less choice for consumers when it comes to buying their desired type / brand.

Key Players in the Market

Some key players operating in IndiaEdible Oil & Fat Market include Marico Ltd., Adani Wilmar Ltd., Ruchi Soya Industries Ltd., Emami Agrotech Ltd., Nature Bio Foods Pvt Ltd along many other local manufacturers

Key Highlights of the Report:

• India Edible Oils and Fats Market Outlook
• Market Size of India Edible Oils and Fats Market, 2023
• Forecast of India Edible Oils and Fats Market, 2030
• Historical Data and Forecast of India Edible Oils and Fats Revenues & Volume for the Period 2020-2030
• India Edible Oils and Fats Market Trend Evolution
• India Edible Oils and Fats Market Drivers and Challenges
• India Edible Oils and Fats Price Trends
• India Edible Oils and Fats Porter's Five Forces
• India Edible Oils and Fats Industry Life Cycle
• Historical Data and Forecast of India Edible Oils and Fats Market Revenues & Volume By Product for the Period 2020-2030
• Historical Data and Forecast of India Edible Oils and Fats Market Revenues & Volume By Edible Oils for the Period 2020-2030
• Historical Data and Forecast of India Edible Oils and Fats Market Revenues & Volume By Edible Fats for the Period 2020-2030
• Historical Data and Forecast of India Edible Oils and Fats Market Revenues & Volume By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of India Edible Oils and Fats Market Revenues & Volume By Offline for the Period 2020-2030
• Historical Data and Forecast of India Edible Oils and Fats Market Revenues & Volume By Online for the Period 2020-2030
• India Edible Oils and Fats Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Distribution Channel
• India Edible Oils and Fats Top Companies Market Share
• India Edible Oils and Fats Competitive Benchmarking By Technical and Operational Parameters
• India Edible Oils and Fats Company Profiles
• India Edible Oils and Fats Key Strategic Recommendations

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