India Palm Oil Market Size To Reach $10.87 Billion By 2030

India Palm Oil Market Growth & Trends

The India palm oil market size is anticipated to reach USD 10.87 billion by 2030 expanding at a CAGR of 5.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Refined derivatives are widely being utilized in food owing to their lower price in comparison to other conventional edible oils derived from groundnut, soybean and sunflower.

Rapid urbanization, and changing lifestyles backed by increasing disposable income in India have influenced consumption trends of consumers. Increasing consumption in food & beverages and cosmetics industry is a key factor likely to boost overall growth. A positive factor in the Indian production scenario is a significant growth in the acreage, which registered a CAGR of approximately 20% over the past five years.

Improving yield coupled with reducing wastage during production by has created improved business environment in India. In order to encourage domestic cultivation, the government provides subsidies of up to INR 7,000 per hectare for farmers. Furthermore, to ease capital inflows, the government also allowed 100% FDI through automatic route.

The lubricants segment is anticipated to exhibit steady growth owing to increasing demand for numerous commercial and industrial products including detergents, soaps, shampoos and cleaners.

 Request a free sample copy or view report summary: India Palm Oil Market Report

India Palm Oil Market Report Highlights

• The fractionated palm oil segment accounted for the largest revenue share of 39.2% in 2022

• The food and beverage segment accounted for the largest revenue share of over 70.0% in 2022

• The personal care and cosmetics segment accounted for a significant share in 2022

• The biofuel and energy segment is expected to grow at the fastest CAGR of 5.6% from 2023 to 2030

India Palm Oil Market Segmentation

Grand View Research has segmented the India palm oil market based on product, application, and region

India Palm Oil Product Outlook (Kilo Tons; Revenue, USD Million; 2018 - 2030)

• Crude Palm Oil

• Palm Kernel Oil

• RBD Palm Oil

• Fractionated Palm oil

India Palm Oil Application Outlook (Kilo Tons; Revenue, USD Million; 2018 - 2030)

• Food & Beverage

• Personal care & Cosmetics

• Biofuel & Energy

• Pharmaceuticals

• Others

India Palm Oil Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North India

• Northeast India

• East India

• South India

• Western India

List of Key Players of India Palm Oil Market

• Ruchi Soya Industries Ltd.

• Cofco Agri Ltd.

• Cargill India

• Edible Group

• 3F Industries Ltd.

• Godrej Agrovet

• Adani Wilmar Ltd.

• Troika India

• Aditya Engineers

• Sundex Process Engineers Pvt. Ltd.

• Brissun Technology Pvt. Ltd.

• Tinytech Udyog

• Chempro Technovation Pvt. Ltd.

• GlamTech Agro Process Pvt. Ltd.