According to the latest report by IMARC Group, titled, "India Soybean Oil Market: Industry Trends, Share, Size, Growth, 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
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.
Covid-19 Scenario:
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.
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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.
India Soybean Oil Market 2022-2027 Analysis and Segmentation:
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis of Packaging Type, Packaging Material, Pack Size, Domestic Manufacturing/Imports, Application, Distribution Channel and Region.
Breakup by Packaging Type:
Pouches
Jars
Cans
Bottles
Breakup by Packaging Material:
Metal
Plastic
Paper
Others
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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
Imports
Breakup by Application:
Household Cooking
HoReCa
Food Processing Industry
Other Industrial Uses
Breakup by Distribution Channel:
Direct/Institutional Sales
Supermarkets and Hypermarkets
Convenience Stores
Online
Others
Breakup by Region:
North India
West and Central India
East India
South India
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