Top Companies in the Indian Palm Oil Industry

The India palm oil market is expected to exhibit a growth rate (CAGR) of 5.3% during 2024-2032. Palm oil is an edible oil that is naturally extracted from the mesocarp of palm fruits. It offers numerous nutritional benefits since it is easy to digest, cholesterol-free, and rich in carotenoids and Vitamin A. It also has a longer shelf-life and is more affordable than other vegetable oils available in the market. At present, palm oil is widely consumed in India after soybean oil and mustard oil. However, India’s demand for palm oil is currently met by imports mainly from Malaysia and Indonesia, with limited domestic production. 

As per the analysis by IMARC Group, the top India palm oil companies are introducing sustainable practices in sourcing and production by utilizing less land, water, and energy resources. They are also engaging in several mergers and acquisitions to strengthen their consumer base. Besides this, the leading market players are expanding their production facilities to meet the increasing demand for palm oil in various non-food applications, such as surfactants, personal care products, cosmetics, agrochemicals, biofuels, which is also providing a positive market outlook.

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Top Indian Palm Oil Manufacturing Companies and Brands:

3F Industries Ltd.

Establishment: 1960
Headquarters: Andhra Pradesh, India
Website: https://fff.co.in/group

Formerly Foods Fats & Fertilizers Ltd, 3F Industries Limited is an Indian MNC with over 50 years of experience producing various products through its various facilities in India and overseas. It commonly operates through ten segments: bakery, edible oils, lauric fats, pharma, personal care, oleochemicals, animal feed, specialty fats, shea skincare products, and commodity trading. Presently, the company has four production facilities across India and has operations in more than ten countries across the globe.

Patanjali Foods Limited

Establishment: 1986

Headquarters: Madhya Pradesh, India
Website: http://www.ruchisoya.com/

Patanjali Foods Limited is engaged in processing oil seeds and refining crude oil for edible use in India. It operates through oils and vanaspati, seed extractions, and others and Wind Power Generation segments. It also offers vanaspati, bakery fats, crude and refined oils, textured soya protein and soya flour, seeds, soaps, toiletry preparations, castor seeds, wheat flour, honey, coffee, and seedling products. Besides this, the company offers its products under the brands like:

• Nutrela
• Mahakosh
• Sunrich
• Ruchi Star
• Ruchi Gold

Presently, Patanjali exports oilseed meals/de-oiled cakes to more than 38 countries.

COFCO International

Establishment: 2014
Headquarters: Geneva, Switzerland
Website: https://www.cofcointernational.com/

COFCO International is a leader in the global grains, oilseeds, and sugar supply chains. It offers grains and oilseeds, sugar, coffee, cotton, and freight services across North America, Europe, the Middle East, Africa, and Asia-Pacific. Presently, the company is trading with over 50 nations while employing more than 11,000 individuals across the globe.

Edible Group

Establishment: 1982
Headquarters: Kolkata, India
Website: https://www.ediblegroup.in/

Edible Group is a conglomerate of refineries and has its own cleaning, grinding, pressing, extracting, and packaging unit. It manufactures different types of edible oils, such as refined soyabean oil, rice bran oil, sathi sunflower oil, mustard oil, and hair oil. The company also facilitate third-party testing, sampling, and labeling of products as per customers’ requirement for renowned brands.

Godrej Agrovet Limited (Godrej Industries Limited)

Establishment: 1991
Headquarters: Mumbai, India
Website: https://www.godrejagrovet.com

Godrej Agrovet Limited is one of the biggest players in the animal feed and agribusiness sectors in India. It produces over 10,57,000 tons of animal feed and nutrition products every year. Besides this, the company operates through four segments, namely, animal feed, poultry farms, oil palm plantations, and Agri inputs. Presently, Godrej Agrovet Limited owns 62 manufacturing plants and a network of more than 20,000 distributing agents across the globe.

Gokul Refoils & Solvent Ltd.

Establishment: 1992
Headquarters: Ahmedabad, India
Website: http://www.gokulgroup.com/

Gokul Refoils & Solvent Limited is primarily engaged in seed processing, solvent extraction, and refining edible and non-edible industrial oils in India and internationally. The company provides groundnut oil, kachi ghani oil, mustard oil, refined cottonseed oil, refined soybean oil, castor oil, sunflower oil, palm olein oil, and de-oiled cake/oil cake. It also trades in agro commodities and spices. It also operates Gokul Agri International Limited, a flagship Company of the Gokul Group, having a manufacturing facility of Edible Oil and Castor Oil at Sidhpur, Gujarat.

KS Oils Limited

Establishment: 2008
Headquarters: Madhya Pradesh, India
Website: https://ksoils.com/

KS Oils Limited is one of the leading fast-moving consumer goods companies in the edible oil market. It owns well-known brands such as

• Kalash
• Double Sher
• K S Gold
• Others

The company also serves as a leader in mustard oil in India, with an 11% market share in the overall mustard oil segment and 25% market leadership in branded mustard oil. At present, K S Oils has around 3000 employees spread over its 7 manufacturing plants, marketing offices, and plantations in India, Malaysia, Indonesia, and Singapore.

Oil Palm India Ltd.

Establishment: 1985
Headquarters: Kerela, India
Website: https://oilpalmindia.com/

Oil Palm India was established to propagate oil palm cultivation in the country and, more particularly, in Kerala. The company offers palm oil, oil palm seedlings, palm cake, palm fiber, crude palm oil, kernel oil, and fiber and nut shells. It produces around 3 to 5 Tons of palm oil per hectare. Recently, Oil Palm India has set up a kernel oil factory for the extraction of palm kernel oil at Yeroor, India. 

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has successfully done multiple projects in the palm oil industry, which has enabled clients to set up and expand their businesses. Some of the company’s offerings include:

• Market Research
• Plant setup
• Plant Expansion
• Marketing and sales
• Procurement and Distribution
• Innovation and Product Development