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India Palm Oil Market to Grow at 5.6% Cagr by 2028 | Imarc Group

According to the latest report by IMARC Group, The India palm oil market is expected to exhibit a growth rate (CAGR) of 5.6% during 2023-2028.

Palm oil is an edible vegetable oil that is naturally extracted from the mesocarp of the oil palm fruit. It is a rich source of saturated and monounsaturated fatty acids, vitamins A and E, carot-enoids, and phytosterols. Palm oil is known to help lower cholesterol levels, improve brain health, reduce oxidative stress, and enhance skin and hair health. It is commercially available in two forms, namely, crude and palm kernel oil. Palm oil has a high smoke point, on account of which it is widely utilized as vegetable oil for cooking and baking purposes.

India Palm Oil Market Trends:

The India palm oil market is primarily driven by the rising use of palm oil in the cosmetics and pharmaceutical industries. Besides this, the Government of India has pledged financial aid to farmers and allowed absolute foreign direct investment (FDI) for the plantation of palm oil, which is contributing to the market growth. Moreover, the demand for palm oil is increasing for use in various edible and non-edible applications, such as surfactants, agrochemicals, biofuels, and personal care products.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

The report has segmented the market on the basis of Packaging Type, Packaging Material, Pack Size, Application, Distribution Channel and Region.

Breakup by Packaging Type:

  • Pouches

  • Jars

  • Cans

  • Bottles

Breakup by Packaging Material:

  • Metal

  • Plastic

  • Paper

  • Others

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Breakup by Pack Size:

  • Less than 1 Litres

  • 1 Litres

  • 1 Litres - 5 litres

  • 5 Litres - 10 Litres

  • 10 Litres and Above

Breakup by Domestic Manufacturing/Imports:

  • Domestic Manufacturing

  • Imports

Breakup by Application:

  • Household Cooking

  • HoReCa

  • Food Processing Industry

  • Oleo Chemicals

  • Personal Care Products

  • Animal Feed

  • Biofuels

  • Others

Breakup by Distribution Channel:

  • Direct/Institutional Sales

  • Supermarkets and Hypermarkets

  • Convenience Stores

  • Online

  • Others

Breakup by Region:

  • North India

  • West and Central India

  • East India

  • South India

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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