India Edible Oil Market to Cross $ 35 Billion by 2025
Increasing disposable income,
growing population and shifting consumption preference towards branded oils to
drive India edible oil market
According to recently released TechSci Research
report, “India
Edible Oil Market By Type,
By Distribution Channel, By Region, By Company, Competition, Forecast
& Opportunities, 2025”, edible oil products market
in India is forecast to grow from around $
21.5 billion in 2019 to $ 35.2 billion by 2025 due to growing consumption of branded edible oils and
ditching ‘loose oil’ sold by the
neighborhood grocery stores. The consumption of loose oil or which are not branded is
expected to decline due to higher cholesterol content in them, which results in
the bad quality of food. Increasing health consciousness coupled
with expanding youth population across the country are also expected to augment
consumption of edible oil until 2025.
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22 market data Figures spread through 70 Pages and an in-depth
TOC on" India Edible Oil Market"
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The distribution channel of India edible oil market is categorized
into modern grocery retail, traditional grocery retail, online retail, and direct/institutional
sales. Traditional grocery retail accounted for the majority share in India edible
oil market in 2019, followed by modern grocery retail. However, during the
forecast period, the share of traditional grocery retail is expected to decline
on account of increasing focus of companies to make their products reach through
modern grocery retail and online retail channels. Urban
areas remain the dominant consumption markets, however, deeper penetration in
rural areas is expected to drive volume growth in the coming years.
In 2019, India edible oil
market was dominated by the West region, followed by East, North and South
regions. Major players operating in India edible oil market include Mother Dairy Fruit & Vegetable Pvt Ltd, Adani Wilmar Limited, Bunge India Pvt Ltd, Cargill India, Patanjali Ayurved Limited, Emami Agrotech Ltd. And Agro
Tech Foods Limited. In 2019, Adani Wilmar Limited held the largest market
share in the country’s edible oil market, and the company is expected to
continue its dominance through 2025. Leading players are focusing on expanding
their edible oil product portfolios to maintain sustainable growth in the
market. The companies are also expanding their distribution reach to further
penetrate the market.
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“India edible oil market is expected to grow at a steady pace
due to the rising awareness regarding a healthy lifestyle and growing
popularity of healthy edible oils. All in all, it looks
like that companies will no longer be able to rest on their laurels in the
future as consumers are becoming increasingly demanding and choosing the products
that support their personal health planning. Adults
and young adults are the primary buyers of edible oil, and consequently, they
are the target consumer segments for the major players operating in the
market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Edible Oil Market By
Type, By Distribution Channel, By Region, Competition Forecast & Opportunities,
2025” has evaluated the
future growth potential of India Edible Oil market and provides statistics and
information on market structure, consumer behaviour and trends. The report is
intended to provide cutting-edge market intelligence and help decision makers
take sound investment evaluation. Besides, the report also identifies and
analyses the emerging trends along with essential drivers, challenges and
opportunities available in India Edible Oil Market.
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