India Oilcake Market Import Shipment Trend (2020-2024)
The India oilcake import market exhibited a steady growth trend from 2020 to 2024, indicated by a moderate CAGR of 2.3%. However, there was a significant decline in growth momentum between 2023 and 2024, with a notable decrease of 46.1%. This suggests a recent slowing down in market expansion despite the overall positive trajectory.
India Oilcake Market Synopsis
Oilcakes are the residues of various oil seeds after extracting edible oils. The main types of oilcakes used in India are cottonseed, linseed, mustard, groundnut and coconut cakes. Oil cakes are generated as by-products from oil extraction process which then goes through drying before getting into the market for sale or use. Its utilization is mainly done for animal feed consumption purpose but recently it has also started penetrating in human food industry due to its nutritional value. In addition, increasing demand for organic products have opened new opportunities in terms of its usage as fertilizer and biofuel production etc.
Market Drivers
1) Growing demand for protein rich animal feed: Increasing awareness about nutrition among farmers coupled with rising meat production will drive the growth of this segment 2) Increasing export potential: India strong position in global supply chain backed by government initiatives such as MakeinIndia and National Export Strategy (NES), metal & engineering exports increased significantly contributing towards overall export growth
Challenges of the Market
1) High cost associated with product complicacy : Due to lack of proper technology required to convert these raw materials into useful forms can increase operational costs
Key Players in the Market
Major players operating in India Oilcake market include Agrowaste Solutions Pvt Ltd., Anik Industries Limited, Amrit Group Of Companies , Balaji Feed Product Pvt Ltd , Cargill India Private Limited , Dharti Industries etc
Key Highlights of the Report:
- India Oilcake Market Outlook
- Market Size of India Oilcake Market, 2024
- Forecast of India Oilcake Market, 2031
- Historical Data and Forecast of India Oilcake Revenues & Volume for the Period 2021-2031
- India Oilcake Market Trend Evolution
- India Oilcake Market Drivers and Challenges
- India Oilcake Price Trends
- India Oilcake Porter's Five Forces
- India Oilcake Industry Life Cycle
- Historical Data and Forecast of India Oilcake Market Revenues & Volume By Source Type for the Period 2021-2031
- Historical Data and Forecast of India Oilcake Market Revenues & Volume By Palm Kernel for the Period 2021-2031
- Historical Data and Forecast of India Oilcake Market Revenues & Volume By Sunflower for the Period 2021-2031
- Historical Data and Forecast of India Oilcake Market Revenues & Volume By Sesame for the Period 2021-2031
- Historical Data and Forecast of India Oilcake Market Revenues & Volume By Coconut for the Period 2021-2031
- Historical Data and Forecast of India Oilcake Market Revenues & Volume By Mustard for the Period 2021-2031
- Historical Data and Forecast of India Oilcake Market Revenues & Volume By Groundnut for the Period 2021-2031
- Historical Data and Forecast of India Oilcake Market Revenues & Volume By Cottonseed for the Period 2021-2031
- Historical Data and Forecast of India Palm Kernel Oilcake Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Oilcake Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of India Oilcake Market Revenues & Volume By Edible Oil Cake for the Period 2021-2031
- Historical Data and Forecast of India Oilcake Market Revenues & Volume By Non-edible Oil Cake for the Period 2021-2031
- India Oilcake Import Export Trade Statistics
- Market Opportunity Assessment By Source Type
- Market Opportunity Assessment By Type
- India Oilcake Top Companies Market Share
- India Oilcake Competitive Benchmarking By Technical and Operational Parameters
- India Oilcake Company Profiles
- India Oilcake Key Strategic Recommendations
