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Industry Developments
In recent weeks, the India Palm Oil Market has seen various developments that are noteworthy. As the country looks to augment its palm oil imports, the government has been evaluating the reduction of import duties to enhance the availability and affordability of palm oil for consumers, leading to potential price adjustments. Companies like Olam International and Adani Wilmar are expected to benefit from shifts in import policies and growing demand for palm oil derivatives. In September 2023, Ruchi Soya Industries announced it had expanded its operations, which could enhance its market presence nationally. Additionally, the merger between Godrej Agrovet and a local player has been discussed, indicating a movement toward consolidation in the sector. In the previous years, particularly in 2022, the Indian palm oil import quantity rose significantly, owing to a rise in domestic consumption, which put pressure on local production and influenced pricing strategies among major players like Bunge India and Mewah Group. The evolving landscape in the palm oil sector continues to draw interest from international firms aiming to establish or expand their foothold in India as consumer preferences shift and the demand grows.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 4.6(USD Billion) |
| MARKET SIZE 2024 | 4.68(USD Billion) |
| MARKET SIZE 2035 | 9.69(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.84% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Olam International, Marico, Sivaganga Oils, Mewah Group, Ruchi Soya Industries, Kewalram Chanrai Group, Sanjay Oil, Godrej Agrovet, Cargill India, Nisshin Seifun Group, Bunge India, United Palm Oil Industry, Adani Wilmar, Palmoils, Apex Oils |
| SEGMENTS COVERED | Type, Application |
| KEY MARKET OPPORTUNITIES | Rising demand for affordable cooking oil, Increased use in processed foods, Growing interest in sustainable sourcing, Expansion of biodiesel production, Emergence of healthy palm oil alternatives |
| KEY MARKET DYNAMICS | rising domestic consumption, fluctuating import tariffs, health trend influences, competition from alternatives, supply chain disruptions |
| COUNTRIES COVERED | India |
FAQs
What is the projected market size of the India Palm Oil Market in 2024?
The India Palm Oil Market is expected to be valued at 4.68 billion USD in 2024.
What is the expected value of the India Palm Oil Market by 2035?
By 2035, the India Palm Oil Market is anticipated to reach a value of 9.69 billion USD.
What is the compound annual growth rate (CAGR) for the India Palm Oil Market over the forecast period?
The India Palm Oil Market is projected to grow at a CAGR of 6.84% from 2025 to 2035.
Which segment of the India Palm Oil Market is expected to dominate in 2024?
In 2024, the Crude Palm Oil segment is valued at 2.45 billion USD, making it the dominant segment.
How much is the Palm Kernel Oil segment expected to be valued at in 2035?
The Palm Kernel Oil segment is expected to reach a valuation of 2.66 billion USD by 2035.
Who are the key players in the India Palm Oil Market?
Major players in the India Palm Oil Market include Olam International, Marico, Ruchi Soya Industries, and others.
What are the projected market values of the 'Others' segment in 2024 and 2035?
The 'Others' segment is expected to be valued at 0.93 billion USD in 2024 and rise to 1.79 billion USD by 2035.
What opportunities exist in the India Palm Oil Market for growth?
There are significant growth opportunities driven by increasing demand for palm oil in food and personal care industries.
What is the market size of the India Palm Oil Market for Crude Palm Oil in 2035?
The market size for Crude Palm Oil is projected to be valued at 5.24 billion USD in 2035.
What are the emerging trends in the India Palm Oil Market?
Emerging trends include a focus on sustainable sourcing and increasing health awareness among consumers.
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