India Edible Oil Market is Expected to Grow $ 35.2 billion by 2025 | TechSci research
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India Edible Oil Market is Expected to Cross $ 35 Billion by 2025 Increasing disposable income, growing population and shifting consumption preference towards branded oils to drive India edible oil market According to recently released TechSci Research report, “India Edible Oil Market By Type, By Distribution Channel, By Region, By Company, Competition, Forecast & Opportunities, 2025”, edible oil products market in India is forecast to grow from around $ 21.5 billion in 2019 to $ 35.2 billion by 2025 due to growing consumption of branded edible oils and ditching ‘loose oil’ sold by the neighborhood grocery stores. The consumption of loose oil or which are not branded is expected to decline due to higher cholesterol content in them, which results in the bad quality of food. Increasing health consciousness coupled with expanding youth population across the country are also expected to augment consumption of edible oil until 2025. Browse over 22 market data Figures spread through 70 Pages and an in-depth TOC on " India Edible Oil Market" https://www.techsciresearch.com/report/india-edible-oil-market/4511.html
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Edible oil market in India is projected to grow from around $ 21.5 billion in 2019 to $ 35.2 billion by 2025 due to increasing disposable income and rising consumer awareness about healthy lifestyle & wellness. Moreover, strong marketing activities by leading edible oil brands, changing tastes and preferences of consumers, expanding population, and shifting consumption pattern towards branded oils is leading to rising consumption of edible oils in the country.
Surging penetration of processed foods is expected to continue driving consumption of edible oils in the country. In 2019, Soya oil accounted for more than one-third of the market share in India edible oil market. The other leading oil types include Mustard oil, Palm oil and Sunflower oil. Olive oil segment continues to gain market traction in India, however, the product’s share stood at just around 1% in 2019.
West India dominated the country’s edible oil market in 2019, and the region is expected to maintain its dominance during the forecast period. East and West regions also account for a significant market share, with the South region grabbing the smallest market pie. Some of the major players operating in India edible oil market include Adani Wilmar Limited (Fortune), Mother Dairy Fruit & Vegetable Pvt Ltd (Dhara), Cargill India (Nature Fresh, Gemini), Patanjali Ayurved Limited (Patanjali), Emami Agrotech Ltd. (Emami Healthy & Tasty and Himani Best Choice) and others.
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Transcript of India Edible Oil Market is Expected to Grow $ 35.2 billion by 2025 | TechSci research
India Edible Oil Market is Expected to Cross $ 35 Billion by 2025
Increasing disposable income, growing population and shifting consumption preference towards
branded oils to drive India edible oil market
According to recently released TechSci Research report, “India Edible Oil Market By Type,
By Distribution Channel, By Region, By Company, Competition, Forecast &
Opportunities, 2025”, edible oil products market in India is forecast to grow from around $
21.5 billion in 2019 to $ 35.2 billion by 2025 due to growing consumption of branded edible oils
and ditching ‘loose oil’ sold by the neighborhood grocery stores. The consumption of loose oil or
which are not branded is expected to decline due to higher cholesterol content in them, which
results in the bad quality of food. Increasing health consciousness coupled with expanding youth
population across the country are also expected to augment consumption of edible oil until
2025.
Browse over 22 market data Figures spread through 70 Pages and an in-depth TOC on " India Edible Oil Market"
https://www.techsciresearch.com/report/india-edible-oil-market/4511.html
The distribution channel of India edible oil market is categorized into modern grocery retail,
traditional grocery retail, online retail, and direct/institutional sales. Traditional grocery retail
accounted for the majority share in India edible oil market in 2019, followed by modern grocery
retail. However, during the forecast period, the share of traditional grocery retail is expected to
decline on account of increasing focus of companies to make their products reach through modern
grocery retail and online retail channels. Urban areas remain the dominant consumption markets,
however, deeper penetration in rural areas is expected to drive volume growth in the coming
years.
In 2019, India edible oil market was dominated by the West region, followed by East, North and
South regions. Major players operating in India edible oil market include Mother Dairy Fruit &
Vegetable Pvt Ltd, Adani Wilmar Limited, Bunge India Pvt Ltd, Cargill India, Patanjali Ayurved
Limited, Emami Agrotech Ltd. And Agro Tech Foods Limited. In 2019, Adani Wilmar Limited held
the largest market share in the country’s edible oil market, and the company is expected to
continue its dominance through 2025. Leading players are focusing on expanding their edible oil
product portfolios to maintain sustainable growth in the market. The companies are also
expanding their distribution reach to further penetrate the market.
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“India edible oil market is expected to grow at a steady pace due to the rising awareness
regarding a healthy lifestyle and growing popularity of healthy edible oils. All in all, it looks like
that companies will no longer be able to rest on their laurels in the future as consumers are
becoming increasingly demanding and choosing the products that support their personal health
planning. Adults and young adults are the primary buyers of edible oil, and consequently, they
are the target consumer segments for the major players operating in the market.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
The distribution channel of India edible oil market is categorized into modern grocery retail,
traditional grocery retail, online retail, and direct/institutional sales. Traditional grocery retail
accounted for the majority share in India edible oil market in 2019, followed by modern grocery
retail. However, during the forecast period, the share of traditional grocery retail is expected to
decline on account of increasing focus of companies to make their products reach through
modern grocery retail and online retail channels. Urban areas remain the dominant
consumption markets, however, deeper penetration in rural areas is expected to drive volume
growth in the coming years.
In 2019, India edible oil market was dominated by the West region, followed by East, North
and South regions. Major players operating in India edible oil market include Mother Dairy Fruit
& Vegetable Pvt Ltd, Adani Wilmar Limited, Bunge India Pvt Ltd, Cargill India, Patanjali
Ayurved Limited, Emami Agrotech Ltd. And Agro Tech Foods Limited. In 2019, Adani Wilmar
Limited held the largest market share in the country’s edible oil market, and the company is
expected to continue its dominance through 2025. Leading players are focusing on expanding
their edible oil product portfolios to maintain sustainable growth in the market. The companies
are also expanding their distribution reach to further penetrate the market.
“India edible oil market is expected to grow at a steady pace due to the rising awareness
regarding a healthy lifestyle and growing popularity of healthy edible oils. All in all, it looks like
that companies will no longer be able to rest on their laurels in the future as consumers are
becoming increasingly demanding and choosing the products that support their personal health
planning. Adults and young adults are the primary buyers of edible oil, and consequently, they
are the target consumer segments for the major players operating in the market.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Edible Oil Market By Type, By Distribution Channel, By Region, Competition
Forecast & Opportunities, 2025” has evaluated the future growth potential of India Edible Oil
market and provides statistics and information on market structure, consumer behaviour and
trends. The report is intended to provide cutting-edge market intelligence and help decision
makers take sound investment evaluation. Besides, the report also identifies and analyses the
emerging trends along with essential drivers, challenges and opportunities available in India
Edible Oil Market.
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