India Edible Oil And Fats Market Size & Outlook, 2022-2030
- Food Beverages & Tobacco
- Consumer Food & Beverages
- Edible Oil And Fats Market Outlook
- Consumer Food & Beverages
India Edible Oil And Fats Market, 2018-2030 (US$M)
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India edible oil and fats market highlights
- The India edible oil and fats market generated a revenue of USD 32,216.0 million in 2022 and is expected to reach USD 59,180.7 million by 2030.
- The India market is expected to grow at a CAGR of 7.9% from 2023 to 2030.
- In terms of segment, edible oil was the largest revenue generating product in 2022.
- Edible Oil is the most lucrative product segment registering the fastest growth during the forecast period.
Edible oil and fats market data book summary
| Market revenue in 2022 | USD 32,216.0 million |
| Market revenue in 2030 | USD 59,180.7 million |
| Growth rate | 7.9% (CAGR from 2022 to 2030) |
| Largest segment | Edible oil |
| Fastest growing segment | Edible Oil |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Edible Oil, Edible Fats |
| Key market players worldwide | Archer-Daniels Midland Co, Cargill, Bunge Global SA, Nisshin Oillio Group Ltd, Kaneka Corp, Associated British Foods PLC, Grain Processing Corporation, Adani Wilmar, Borges, Apetit Group |
Other key industry trends
- In terms of revenue, India accounted for 6.9% of the global edible oil and fats market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China edible oil and fats market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 29,967.6 million by 2030.
Vegetable oil imports into India, which include both edible and non-edible oils, increased by 28% in December to 15.66 lakh tons, primarily due to increased shipments of refined palm and crude palm oil. According to the Solvent Extractors' Association of India, 1,566,129 tons of vegetable oils were imported in 2022.
According to the data, shipments of non-edible oils jumped to 10,349 tons over 9,832 tons, while imports of edible or cooking oils surged to 15,55,780 tons compared to 12,16,863 tons in 2021. Refined palm oil imports increased significantly in the edible oil category from just 24,000 tons in December 2021 to 2,56,398 tons in 2022.
India is one of the world's top producers of oilseeds, and this industry plays a significant role in the agricultural economy. Oilseed production is concentrated in India's central and southern regions, particularly in Madhya Pradesh, Rajasthan, Gujarat, Karnataka, and Andhra Pradesh.
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Edible Oil And Fats Market Scope
Edible Oil And Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Associated British Foods PLC | View profile | 133,000 | 10 Grosvenor Street, Weston Centre, London, United Kingdom, W1K 4QY | www.abf.co.uk |
| Archer-Daniels Midland Co | View profile | 41,802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | www.adm.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.cargill.com |
| Grain Processing Corporation | View profile | 1001-5000 | Muscatine, Iowa, United States, North America | www.grainprocessing.com/ |
| Bunge Global SA | View profile | 23,000 | 1391 Timberlake Manor Parkway, Chesterfield, MO, United States, 63017 | www.bunge.com |
| Nisshin Oillio Group Ltd | View profile | 3,357 | 1-23-1, Shinkawa, Chuo-ku, Tokyo, Japan, 104-8285 | www.nisshin-oillio.com |
| Kaneka Corp | View profile | 13,284 | 3-2-4, Nakanoshima, Kita-ku, Osaka, Japan, 530-8288 | www.kaneka.co.jp |
| Adani Wilmar | View profile | 1001-5000 | Ahmedabad, Gujarat, India, Asia | www.adaniwilmar.com/ |
| Borges | View profile | 51-100 | Reus, Catalonia, Spain, Europe | www.borges.es |
| Apetit Group | View profile | 501-1000 | Helsinki, Southern Finland, Finland, Europe | apetit.fi |
India Edible Oil And Fats Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Edible Oil And Fats Market Outlook will help companies and investors design strategic landscapes.
Edible Oil was the largest segment with a revenue share of 75.38% in 2022.
Horizon Databook has segmented the India edible oil and fats market based on edible oil, edible fats covering the revenue growth of each sub-segment from 2017 to 2030.
Vegetable oil imports into India, which include both edible and non-edible oils, increased by 28% in December to 15.66 lakh tons, primarily due to increased shipments of refined palm and crude palm oil. According to the Solvent Extractors' Association of India, 1,566,129 tons of vegetable oils were imported in 2022.
According to the data, shipments of non-edible oils jumped to 10,349 tons over 9,832 tons, while imports of edible or cooking oils surged to 15,55,780 tons compared to 12,16,863 tons in 2021. Refined palm oil imports increased significantly in the edible oil category from just 24,000 tons in December 2021 to 2,56,398 tons in 2022.
India is one of the world's top producers of oilseeds, and this industry plays a significant role in the agricultural economy. Oilseed production is concentrated in India's central and southern regions, particularly in Madhya Pradesh, Rajasthan, Gujarat, Karnataka, and Andhra Pradesh.
- India Edible Oil And Fats Market Product Outlook (Revenue, USD Million , 2018-2030)
- Edible Oil
- Edible Fats
- India Edible Oil And Fats Market Source Outlook (Revenue, USD Million , 2018-2030)
- Natural
- Synthetic
- India Edible Oil And Fats Market Nature Outlook (Revenue, USD Million , 2018-2030)
- Organic
- Conventional
- India Edible Oil And Fats Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Offline
- Online
- India Edible Oil And Fats Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Food & Beverages
- Personal Care & Cosmetics
- Biofuel & Energy
- Pharmeceutical
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the India Edible Oil And Fats Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Edible Oil And Fats Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Edible Oil And Fats Market, 2018-2030 (US$M)
India edible oil and fats market statistics, by product, 2017-2030 (US$M)
