The India sunflower oil market size is expected to exhibit a growth rate (CAGR) of 7% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate 2024-2032 | 7% |
Sunflower oil is derived from sunflower seeds and currently represents the third most consumed edible oil by volume in India after palm oil and soybean oil. Currently, most of the sunflower oil demand comes from the southern states of India. Domestic production of sunflower oil is limited and most of the demand is met by imports. Ukraine currently represents the largest exporter of sunflower oil to India.
Some of the key drivers of the sunflower oil market in India include its large population, rising urbanization rates, increasing health consciousness, and its rising nonfood applications. Sunflower oil consists of a mix of monounsaturated and polyunsaturated fatty acids and has a high smoking point. It is also considered perfect for Indian cuisines as it can hold onto its nutritional content at higher temperatures. Furthermore, sunflower oil is also associated with numerous health benefits. This includes, its ability to improve the immune system, reduce cholesterol, enhance heart health, etc. Additionally, sunflower oil is also extremely rich in Vitamin E and finds wide applications in the cosmetics industry.
The outbreak of the COVID-19 pandemic, in early 2020, however, has had a negative impact on the demand of sunflower oil in India. The pandemic resulted in a nationwide lockdown in the country which led to disruptions in the supply chains of sunflower oil. The India sunflower oil market, however, is expected to recover from 2021 onwards and exhibit strong in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the India sunflower oil market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type, packaging type, pack size, domestic manufacturing/imports, application and distribution channel.
Breakup by Type:
Breakup by Packaging Type:
Breakup by Pack Size:
Breakup by Domestic Manufacturing/Imports:
Breakup by Application:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Type, Packaging Type, Pack Size, Domestic Manufacturing/Imports, Application, Distribution Channel, Region |
Region Covered | North India, West and Central India, East India, South India |
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) |
We expect the India sunflower oil market to exhibit a CAGR of 7% during 2024-2032.
The rising adoption of sunflower oil by individuals, as it aids in improving the immune system, reducing cholesterol levels, enhancing heart health, etc., is primarily driving the India sunflower 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 sunflower oil across the nation.
Based on the type, the India sunflower oil market can be segmented into linoleic, mid oleic, and high oleic. Currently, linoleic holds the majority of the total market share.
Based on the packaging type, the India sunflower oil market has been divided into pouches, jars, cans, and bottles. Among these, bottles currently exhibit a clear dominance in the market.
Based on the pack size, the India sunflower oil market can be categorized into less than 1 liters, 1 liters, 1 liters - 5 liters, 5 liters - 10 liters, and 10 liters and above. Currently, 1 liters account for the majority of the total market share.
Based on the domestic manufacturing/imports, the India sunflower oil market has been segregated into domestic manufacturing and imports, where domestic manufacturing currently exhibits a clear dominance in the market.
Based on the application, the India sunflower oil market can be bifurcated into household cooking, HoReCa, food processing industry, personal care industry, and other industrial uses. Currently, household cooking holds 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 West and Central India currently dominates the India sunflower oil market.