India Edible Oil Market is Expected to Grow $ 35.2 billion by 2025 | TechSci research
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.
Edible oil market in India is projected to grow
from around $ 21.5 billion in 2019 to $ 35.2 billion by 2025 due to increasing disposable income and rising
consumer awareness about healthy lifestyle & wellness. Moreover, strong
marketing activities by leading edible oil brands, changing tastes and
preferences of consumers, expanding population, and shifting consumption
pattern towards branded oils is leading to rising consumption of edible
oils in the country.
Surging penetration of processed foods is expected
to continue driving consumption of edible oils in the country. In 2019,
Soya oil accounted for more than one-third of the market share in India edible
oil market. The other leading oil types include Mustard oil, Palm oil and
Sunflower oil. Olive oil segment continues to gain market traction in India,
however, the product’s share stood at just around 1% in 2019.
West India dominated the country’s edible oil
market in 2019, and the region is expected to maintain its dominance during the
forecast period. East and West regions also account for a significant market
share, with the South region grabbing the smallest market pie. Some of the
major players operating in India edible oil market include Adani Wilmar Limited
(Fortune), Mother Dairy Fruit & Vegetable Pvt Ltd (Dhara), Cargill India
(Nature Fresh, Gemini), Patanjali Ayurved Limited (Patanjali), Emami Agrotech
Ltd. (Emami Healthy & Tasty and Himani Best Choice) and others.
Years considered for this
report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Objective of the Study:
·
To analyze and forecast the market size of India
edible oil products market
·
To classify and forecast India edible oil products
market based on type, by distribution channel and regional distribution
·
To identify drivers and challenges for India edible
oil products market
·
To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
edible oil market
·
To conduct pricing analysis for India edible oil
market
· To identify and analyze the profile of leading players involved in the India edible oil products market
“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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