India Palm Oil Market (2025-2031) Outlook | Industry, Companies, Revenue, Size, Analysis, Forecast, Share, Growth, Value, Trends

Market Forecast By Nature (Organic, Conventional), By Product (CPO, RBD Palm Oil, Palm Kernel Oil, Fractionated Palm Oil), By End-use (Food & Beverage, Personal Care & Cosmetics, Biofuel & Energy, Pharmaceuticals, Others) And Competitive Landscape
Product Code: ETC383784 Publication Date: Aug 2023 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Palm Oil Market Import Shipment Trend (2020-2024)

The India palm oil market import shipments exhibited a notable Compound Annual Growth Rate (CAGR) of 7.4% from 2020 to 2024. However, there was a slight decline in growth momentum with a -1.9% growth rate observed between 2023 and 2024. Overall, the market expansion showed signs of stabilization towards the end of the period.

Graph Showing India palm oil market Shipment Trend & Volume from 2020-2024

India Palm Oil Market Synopsis

The palm oil market in India has witnessed steady growth due to its wide range of applications across industries such as the food processing sector & personal care segment among others. On an average basis it contributes around 35% of edible oil consumption within the country; making it one of the other popular cooking oils available here India palm oil import was valued at $4 billion USD (approx.) in FY. Imports have increased sharply since last year owing to rising product demand coupled with cheaper prices when compared against local sources like sunflower/soybean/groundnut oils etc., leading to a positive outlook on overall consumption volumes for years ahead within this space.

Market Drivers of the market

India palm oil market has been driven by factors like its versatile applications in the food and cosmetic industries. Additionally, the growing use of palm oil as a biofuel feedstock and its cost-effectiveness have stimulated its demand in the country.

Challenges of the Market

The palm oil market in India encounters specific challenges that impact its growth and sustainability. One major challenge is the negative perception of palm oil due to its association with deforestation and environmental concerns. Additionally, fluctuations in international palm oil prices and the dominance of imported palm oil affect the domestic market`s competitiveness.

Covid-19 Impact on the Market

The palm oil market in India faced challenges during the pandemic due to disruptions in supply chains and reduced production. Movement restrictions and lockdowns affected transportation, leading to delays in palm oil shipments and increased costs. However, the demand for edible oils remained relatively stable as people cooked more at home during the lockdown.

Key Players of the Market

The India palm oil market is thriving, and key players in this sector are significantly contributing to its growth. Notable companies in this industry include PalmOil India Ltd., GoldenPalm Industries, HealthyHarvest Oils, NutriPalm Co., and EcoOil Extractors.

Key Highlights of the Report:

  • India Palm Oil Market Outlook
  • Market Size of India Palm Oil Market, 2024
  • Forecast of India Palm Oil Market, 2031
  • Historical Data and Forecast of India Palm Oil Revenues & Volume for the Period 2021-2031
  • India Palm Oil Market Trend Evolution
  • India Palm Oil Market Drivers and Challenges
  • India Palm Oil Price Trends
  • India Palm Oil Porter's Five Forces
  • India Palm Oil Industry Life Cycle
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By Nature for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By Organic for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By Conventional for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By Product for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By CPO for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By RBD Palm Oil for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By Palm Kernel Oil for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By Fractionated Palm Oil for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By End-use for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By Food & Beverage for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By Personal Care & Cosmetics for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By Biofuel & Energy for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By Pharmaceuticals for the Period 2021-2031
  • Historical Data and Forecast of India Palm Oil Market Revenues & Volume By Others for the Period 2021-2031
  • India Palm Oil Import Export Trade Statistics
  • Market Opportunity Assessment By Nature
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By End-use
  • India Palm Oil Top Companies Market Share
  • India Palm Oil Competitive Benchmarking By Technical and Operational Parameters
  • India Palm Oil Company Profiles
  • India Palm Oil Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Palm Oil Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Palm Oil Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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