India Soybean Oil Market (2025-2031) Outlook | Trends, Value, Size, Share, Industry, Revenue, Analysis, Forecast, Growth & Companies

India Soybean Oil Market Synopsis

Soybean oil is one of the most widely used edible oils in India which accounted for 23% share of total vegetable oils consumed during FY2025. It also enjoys the highest processing rate among all edible oils with an average annual growth rate of approx 6%. Domestic production stood at 10 Mn Tons while imports were nearly 5 Mn Tonne during same period resulting into 15Mn Tonne domestic availability. Major contributing states include Madhya Pradesh , Maharashtra , Rajasthan etc accounting for major market share.

Market Drivers of the market

The India Soybean Oil market has been witnessing substantial growth due to various drivers. Soybean oil is one of the most widely consumed cooking oils in India, owing to its neutral flavor, versatility, and relatively affordable price. The country`s growing population and changing dietary preferences have led to an increased demand for cooking oils, including soybean oil.

Challenges of the Market

The India soybean oil market has been facing several challenges in recent years. One of the major issues is the fluctuating prices of soybeans, which directly impact the production cost of soybean oil. Additionally, the industry has been grappling with supply chain disruptions, affecting the timely availability of raw materials and distribution of finished products. The increasing competition from other vegetable oils in the market has put pressure on soybean oil manufacturers to innovate and differentiate their products.

Covid-19 Impact on the Market

The India soybean oil market faced challenges during the COVID-19 pandemic, primarily due to restrictions on the movement of goods and logistical bottlenecks. However, the increasing health-consciousness among consumers led to a surge in demand for edible oils, including soybean oil. The market adapted by promoting online sales and emphasizing product safety and hygiene.

Key Players of the Market

The India soybean oil market includes major edible oil manufacturers and processors. Key players in this market include Bunge India Private Limited, Ruchi Soya Industries Limited, Adani Wilmar Limited, and Cargill India Pvt. Ltd.

Key Highlights of the Report:

• India Soybean Oil Market Outlook
• Market Size of India Soybean Oil Market, 2024
• Forecast of India Soybean Oil Market, 2031
• Historical Data and Forecast of India Soybean Oil Revenues & Volume for the Period 2021-2031
• India Soybean Oil Market Trend Evolution
• India Soybean Oil Market Drivers and Challenges
• India Soybean Oil Price Trends
• India Soybean Oil Porter's Five Forces
• India Soybean Oil Industry Life Cycle
• Historical Data and Forecast of India Soybean Oil Market Revenues & Volume By End-Use for the Period 2021-2031
• Historical Data and Forecast of India Soybean Oil Market Revenues & Volume By Food for the Period 2021-2031
• Historical Data and Forecast of India Soybean Oil Market Revenues & Volume By Feed for the Period 2021-2031
• Historical Data and Forecast of India Soybean Oil Market Revenues & Volume By Industrial for the Period 2021-2031
• India Soybean Oil Import Export Trade Statistics
• Market Opportunity Assessment By End-Use
• India Soybean Oil Top Companies Market Share
• India Soybean Oil Competitive Benchmarking By Technical and Operational Parameters
• India Soybean Oil Company Profiles
• India Soybean Oil Key Strategic Recommendations