According to the latest report by IMARC Group, titled, “India Palm Oil Market: Industry Trends, Size, Share, Growth, Opportunity and Forecast 2021-2026″, The India palm oil market is expected to grow at a CAGR of 9.8% during 2021-2026.
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.
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.
India Palm Oil Market 2021-2026 Analysis and Segmentation:
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
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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