| Product Code: ETC223404 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s palm stearin import shipments in 2024 continued to see significant growth, with a notable increase in concentration among the top exporting countries. Sri Lanka, Indonesia, Malaysia, Germany, and the USA emerged as the key suppliers to India. The high Herfindahl-Hirschman Index (HHI) concentration in 2023 intensified further in 2024, indicating a highly competitive market among these exporters. With a robust Compound Annual Growth Rate (CAGR) of 9.69% from 2020 to 2024 and an impressive growth rate of 73.64% in 2024 alone, the palm stearin import market in India showcases strong demand and potential opportunities for stakeholders.

The India Palm Stearin Market due to the increasing demand for soap, candles, and cosmetics as well as the growing use of biofuels in the country. The government efforts to promote the use of biofuels and the increasing awareness about the environmental benefits of biofuels are further fueling the market development. In general, palm stearin is composed of saturated fatty acids and is used in a variety of applications such as in the production of candles and as a raw material for the production of biodiesel. However, fluctuating prices of raw materials and increasing competition from other vegetable oil by-products hinders the growth of the market. The increasing concerns regarding the negative impacts of palm oil cultivation on the environment also affect the market growth.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Palm Stearin Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Palm Stearin Market Revenues & Volume, 2021 & 2028F |
3.3 India Palm Stearin Market - Industry Life Cycle |
3.4 India Palm Stearin Market - Porter's Five Forces |
3.5 India Palm Stearin Market Revenues & Volume Share, By Product Type, 2021 & 2028F |
3.6 India Palm Stearin Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 India Palm Stearin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Palm Stearin Market Trends |
6 India Palm Stearin Market, By Types |
6.1 India Palm Stearin Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Palm Stearin Market Revenues & Volume, By Product Type, 2018 - 2028F |
6.1.3 India Palm Stearin Market Revenues & Volume, By Soft Stearin, 2018 - 2028F |
6.1.4 India Palm Stearin Market Revenues & Volume, By Hard Stearin, 2018 - 2028F |
6.2 India Palm Stearin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Palm Stearin Market Revenues & Volume, By Food & Beverage, 2018 - 2028F |
6.2.3 India Palm Stearin Market Revenues & Volume, By Cosmetics & Personal Care, 2018 - 2028F |
6.2.4 India Palm Stearin Market Revenues & Volume, By Agrochemicals, 2018 - 2028F |
6.2.5 India Palm Stearin Market Revenues & Volume, By Energy & Biomass, 2018 - 2028F |
7 India Palm Stearin Market Import-Export Trade Statistics |
7.1 India Palm Stearin Market Export to Major Countries |
7.2 India Palm Stearin Market Imports from Major Countries |
8 India Palm Stearin Market Key Performance Indicators |
9 India Palm Stearin Market - Opportunity Assessment |
9.1 India Palm Stearin Market Opportunity Assessment, By Product Type, 2021 & 2028F |
9.2 India Palm Stearin Market Opportunity Assessment, By Application, 2021 & 2028F |
10 India Palm Stearin Market - Competitive Landscape |
10.1 India Palm Stearin Market Revenue Share, By Companies, 2021 |
10.2 India Palm Stearin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |