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.
Browse over 22 market data Figures spread through 70 Pages and an in-depth TOC on” India Edible Oil Market”
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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