According to the latest report by IMARC Group, titled, "India Palm Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", The India palm oil market is expected to grow at a CAGR of 9.8% during 2021-2026.
Palm oil is an edible vegetable oil that is naturally extracted from the mesocarp of the oil palm fruit. It is a rich source of saturated and monounsaturated fatty acids, vitamins A and E, carot-enoids, and phytosterols. Palm oil is known to help lower cholesterol levels, improve brain health, reduce oxidative stress, and enhance skin and hair health. It is commercially available in two forms, namely, crude and palm kernel oil. Palm oil has a high smoke point, on account of which it is widely utilized as vegetable oil for cooking and baking purposes.
The India palm oil market is primarily driven by the rising use of palm oil in the cosmetics and pharmaceutical industries. Besides this, the Government of India has pledged financial aid to farmers and allowed absolute foreign direct investment (FDI) for the plantation of palm oil, which is contributing to the market growth. Moreover, the demand for palm oil is increasing for use in various edible and non-edible applications, such as surfactants, agrochemicals, biofuels, and personal care products.
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Note: 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.
India Palm Oil Market 2021-2026 Analysis and Segmentation:
The report has segmented the market on the basis of Packaging Type, Packaging Material, Pack Size, Application, Distribution Channel and Region.
Breakup by Packaging Type:
Breakup by Packaging Material:
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Breakup by Pack Size: