PROSPECTS AND OPPORTUNITIES
The outlook for edible oils in India looks strong
Edible oils in India is expected to maintain solid retail volume and current value growth rates throughout the forecast period, as these are amongst the key ingredients for cooking in Indian households. Traditional Indian dishes require large amounts of cooking oil, and demand is expected to remain strong in the forecast period as many consumers will continue to cook at home.
Increasing local production high on the government’s agenda
Edible oils are key cooking ingredients in Indian households. However, India is heavily dependent on imports, and continues to import more than 50% of the edible oils purchased in the country.
High quality oils likely to see an increase in demand
Due to sedentary lifestyles, cholesterol levels have been increasing amongst Indians, and instances of heart-related issues are on the rise amongst younger consumers. An increasing number of consumers are therefore expected to shift from palm oil to healthier oils such as groundnut and sunflower oil.
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Overview:
Understand the latest market trends and future growth opportunities for the Edible Oils industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Edible Oils industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Edible Oils in India report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Edible Oils in India?
- Which are the leading brands in Edible Oils in India?
- How are products distributed in Edible Oils in India?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Edible Oils?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in India?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Edible Oils in India - Category analysis
KEY DATA FINDINGS
Prices of edible oils rise as the government increases basic customs duty
Consumers continue to shift to healthier oils
Retail e-commerce and modern grocery retailers gain share
The outlook for edible oils in India looks strong
Increasing local production high on the government’s agenda
High quality oils likely to see an increase in demand
Cooking Ingredients and Meals in India - Industry Overview
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
The following categories and subcategories are included:
Edible Oils
- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
Edible Oils
This is the aggregation of olive oil and vegetable and seed oil (which comprises of corn oil, palm oil, rapeseed oil, soy oil, sunflower oil, and other edible oil). Please note blended oil that contain over 50% of one type of oil are categorised in that category, e.g. blended oil with 60% soy oil is categorised in soy oil; whereas blended oils with less than 50% of a specific type of oil are categorised in other edible oil. Includes: Pre-packaged edible oils products purchased by consumers through legally established retail channels. Excludes: Unpackaged/bulk oils, i.e. instances where consumers bring an empty container or plastic bag to be (re)filled with cooking oil. Example: Minyak curah in Indonesia.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Edible Oils research and analysis database.
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