India Palm Oil Market Report by Packaging Type (Pouches, Jars, Cans, Bottles), Packaging Material (Metal, Plastic, Paper, and Others), Pack Size (Less than 1 Litres, 1 Litres, 1 Litres - 5 Litres, 5 Litres - 10 Litres, 10 Litres and Above), Domestic Manufacturing/Imports (Domestic Manufacturing, Imports), Application (Household Cooking, HoReCa, Food Processing Industry, Oleo Chemicals, Personal Care Products, Animal Feed, Biofuels, and Others), Distribution Channel (Direct/Institutional Sales, Supermarkets and Hypermarkets, Convenience Stores, Online, and Others), and Region 2024-2032

India Palm Oil Market Report by Packaging Type (Pouches, Jars, Cans, Bottles), Packaging Material (Metal, Plastic, Paper, and Others), Pack Size (Less than 1 Litres, 1 Litres, 1 Litres - 5 Litres, 5 Litres - 10 Litres, 10 Litres and Above), Domestic Manufacturing/Imports (Domestic Manufacturing, Imports), Application (Household Cooking, HoReCa, Food Processing Industry, Oleo Chemicals, Personal Care Products, Animal Feed, Biofuels, and Others), Distribution Channel (Direct/Institutional Sales, Supermarkets and Hypermarkets, Convenience Stores, Online, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A2405

Market Overview:

The India palm oil market size is expected to exhibit a growth rate (CAGR) of 5.3% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate 2024-2032 5.3%


Palm oil refers to an edible vegetable oil that is naturally extracted from the mesocarp of palm fruits. Palm oil currently represents the most consumed edible oil in India followed by soybean oil and mustard oil. India’s demand of palm oil, however, is currently met by imports mainly from Malaysia and Indonesia with domestic production being limited. The market for palm oil in India is currently driven by factors such as its lower cost, rising urbanization rates, increasing disposable income levels, rising demand from the food services industry and its increasing applications in the non-food sector.

India’s huge population coupled with increasing levels of urbanization and elevating consumer living standards have created a positive impact on the demand of palm oil. Additionally, the rising application of palm oil in processed food items such as bakery products, and confectioneries, is also catalyzing the product demand. India’s fast-growing food service sector which includes hotels, cafes, restaurants, etc. also represents a major driver of the palm oil market in India. Additionally, the rising demand of palm oil in various non-food applications such as surfactants, personal care products, cosmetics, agrochemicals, biofuels, etc. is also driving its demand.

The outbreak of the COVID-19 pandemic, in early 2020, however, has negatively impacted the market for palm oil in India. The national lockdown led to several supply chain disruptions, restricted import activities with palm oil producing nations, and resulted in a temporary shutdown of palm oil processing units. Additionally, the nationwide lockdown also led to a temporary closure of hotels, restaurants, canteens, and public food joints in the country, creating a negative impact on the demand of palm oil.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India palm oil market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on packaging type, packaging material, pack size, domestic manufacturing/imports, application and distribution channel.

Breakup by Packaging Type:

India Palm Oil Market

  • Pouches
  • Jars
  • Cans
  • Bottles
     

Breakup by Packaging Material:

  • Metal
  • Plastic
  • Paper
  • Others
     

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

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 3F Industries Ltd., COFCO International, Edible Group, Godrej Agrovet Limited (Godrej Industries Limited), Gokul Refoils & Solvent Ltd., KS Oils Limited, Oil Palm India Ltd. and Patanjali Foods Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Packaging Type, Packaging Material, Pack Size, Domestic Manufacturing/Imports, Application, Distribution Channel, Region
Region Covered North India, West and Central India, East India, South India
Companies Covered 3F Industries Ltd., COFCO International, Edible Group, Godrej Agrovet Limited (Godrej Industries Limited), Gokul Refoils & Solvent Ltd., KS Oils Limited, Oil Palm India Ltd. and Patanjali Foods Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the India palm oil market to exhibit a CAGR of 5.3% during 2024-2032.

The growing consumer awareness towards the numerous benefits of palm oil, such as preventing premature aging, boosting immune system, reducing the risk of cardiovascular diseases, etc., is primarily driving the India palm oil market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of palm oil across the nation.

Based on the packaging type, the India palm oil market has been bifurcated into pouches, jars, cans, and bottles. Currently, bottles hold the majority of the total market share.

Based on the packaging material, the India palm oil market can be segmented into metal, plastic, paper, and others. Among these, plastic exhibits a clear dominance in the market.

Based on the pack size, the India palm oil market has been divided into less than 1 liters, 1 liters, 1 litres-5 liters, 5 litres-10 liters, and 10 liters and above. Currently, 1 liters accounts for the largest market share.

Based on the domestic manufacturing/imports, the India palm oil market can be segregated into domestic manufacturing and imports, where imports hold the majority of the total market share.

Based on the application, the India palm oil market has been categorized into household cooking, HoReCa, food processing industry, oleo chemicals, personal care products, animal feed, biofuels, and others. Among these, the food processing industry currently exhibits a clear dominance in the market.

Based on the distribution channel, the India palm oil market can be bifurcated into direct/institutional sales, supermarkets and hypermarkets, convenience stores, online, and others. Currently, direct/institutional sales account for the largest market share.

On a regional level, the market has been classified into North India, West and Central India, East India, and South India, where South India currently dominates the India palm oil market.

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India Palm Oil Market Report by Packaging Type (Pouches, Jars, Cans, Bottles), Packaging Material (Metal, Plastic, Paper, and Others), Pack Size (Less than 1 Litres, 1 Litres, 1 Litres - 5 Litres, 5 Litres - 10 Litres, 10 Litres and Above), Domestic Manufacturing/Imports (Domestic Manufacturing, Imports), Application (Household Cooking, HoReCa, Food Processing Industry, Oleo Chemicals, Personal Care Products, Animal Feed, Biofuels, and Others), Distribution Channel (Direct/Institutional Sales, Supermarkets and Hypermarkets, Convenience Stores, Online, and Others), and Region 2024-2032
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