According to the latest report by IMARC Group, titled, “India Soybean Oil Market Report: Industry Price Trends, Share, Size, Growth Rate, Opportunity and Forecast 2022-2027″, the soybean oil market in India is expected to exhibit a CAGR of 5.1% during 2022-2027.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Soybean oil is an edible vegetable oil naturally extracted from the endosperm of soybeans. It is a rich source of polyunsaturated fats, omega-3 fatty acids, and vitamins K and E. These nutrients aid in lowering bad cholesterol levels, reducing the risk of heart diseases, strengthening bones, and improving immunity. Besides this, topical application of soybean oil promotes skin health by protecting it against inflammation. It has a high smoke point, which makes it ideal for cooking and baking across both household and commercial spaces.
India Soybean Oil Market Trends:
The growing application of soybean oil in the pharmaceutical industry due to its high Vitamin E content is one of the primary factors driving the India soybean oil market. Besides this, the rising health consciousness amongst consumers has led to the introduction of healthier product variants, which is supporting the market growth. The increasing popularity of international cuisines across India, along with the large-scale use of soybean oil to prepare various condiments, non-dairy creamers and whipped toppings, is further driving the market growth. Additionally, the rising utilization of soybean oil in the personal care and cosmetics industries is creating a positive outlook for the market in India.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India soybean oil market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on packaging type, packaging material, pack size, domestic manufacturing/imports, application and distribution channel.
Breakup by Packaging Type:
Breakup by Packaging Material:
Breakup by Pack Size:
- Less than 1 Litres
- 1 Litres
- 1 Litres – 5 litres
- 5 Litres – 10 Litres
- 10 Litres and Above
Breakup by Domestic Manufacturing/Imports:
- Domestic Manufacturing
Breakup by Application:
- Household Cooking
- Food Processing Industry
- Other Industrial Uses
Breakup by Distribution Channel:
- Direct/Institutional Sales
- Supermarkets and Hypermarkets
- Convenience Stores
Breakup by Region:
- North India
- West and Central India
- East India
- South India
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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