According to the latest report by IMARC Group, titled, "India Palm Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The India palm oil market is expected to exhibit a growth rate (CAGR) of 5.6% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
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, carotenoids, 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.
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India Palm Oil Market Trends and Drivers:
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.
Report Segmentation:
The report has segmented the market into the following categories:
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Competitive Landscape:
The competitive landscape of the market has also been analyzed, with some of the top leading palm oil manufacturers in india.
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