edible oil market in india is projected to grow from around $ 21.5 billion in 2019 to $ 35.2 billion...

MARKET INTELLIGENCE . CONSULTING

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FY2015 – FY2025

INDIA EDIBLE OIL MARKET

FORECAST & OPPORTUNITIES

2© TechSci Research

Scope of ReportProduct of Interest (POI): Edible Oil Market

Review Period

FY2015 – FY2018

Base Year

FY2019

Estimated Year

FY2020

Forecast Period

FY2021 – FY2025

Year Range

Edible oil market in India is projected to grow from around $ 21.5 billion in 2019 to $ 35.2billion by 2025 due to increasing disposable income and rising consumer awareness abouthealthy lifestyle & wellness. Moreover, strong marketing activities by leading edible oil brands,changing tastes and preferences of consumers, expanding population, and shiftingconsumption pattern towards branded oils is leading to rising consumption of edible oils inthe country.

Market Segmentation

DISTRIBUTION CHANNEL

• Modern Grocery

Retail

• Traditional Grocery

Retail

• Online Retail

• Direct/Institutional

Sales

REGION

• North

• East

• West

• South

TYPE

• Mustard Oil

• Soybean Oil

• Sunflower Oil

• Palm Oil

• Olive Oil

• Others


Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. India Edible Oil Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1.By Type (Mustard Oil; Soybean Oil; Sunflower Oil; Palm Oil; Olive Oil; and Others(Sesame Oil, Coconut Oil, Linseed Oil, Cotton Seed Oil, Groundnut Oil, Castor Oil,Niger seed Oil etc.))

5.2.2.By Distribution Channel (Modern Grocery Retail; Traditional Grocery Retail; OnlineRetail and Direct/Institutional Sales)

5.2.3. By Region (North, East, West, South)

5.2.4. By Company (FY2019)

5.3. Market Attractive Index

6. North India Edible Oil Market Outlook




6.2.1 By Type

6.2.2. By Distribution Channel


Table of Contents


7. East India Edible Oil Market Outlook




7.2.1 By Type


8. West India Edible Oil Market Outlook




8.2.1 By Type


9. South India Edible Oil Market Outlook




9.2.1 By Type


10. Market Dynamics

10.1. Drivers

10.2. Challenges


Table of Contents


11. Market Trends and Developments

12. Policy & Regulatory Landscape

13. India Economic Profile

14. Pricing Analysis

15. Competitive Landscape

15.1. Competition Outlook

15.2. Company Profiles (Top 10 leading players)

16. Strategic Recommendations

17. About Us & Disclaimer

RESEARCH METHODOLOGY

7

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in India edible oil market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary

and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about India edible oil market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

8


Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of India edible oil market. The team has analyzed the outlook of

various segments of this market, while considering the major influencing factors such as the increasing disposable income and rising consumer

awareness about healthy lifestyle & wellness. The study includes market forecasting, which would enable our clients to take better decisions while

planning their strategy to achieve sustainability in India edible oil market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value & Volume: Market size, in terms of value & volume, for the year FY2019 was calculated based on information collected

through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as edible oil companies, channel

partners, end-user industry experts, and other industry participants.

• The team interviewed more than 15-20 edible oil market companies, 100 – 120 end use industries, and 15 – 20 industry experts and other value &

volume chain stakeholders in India edible oil market to obtain the overall market size for FY2015-FY2019, which was validated by the Delphi

technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for FY2015-FY2019.

9


• Respondents were asked about the current and future market growth rates, market shares by type, by distribution channel, by region and by

company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various

segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from

other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares shares by type, by distribution channel, by region and by company were calculated based on the responses received through primary

surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of edible

oil market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the

outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India edible oil

market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

10


TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long-term period to estimate and analyse market demand scenario. It should be noted that the figures

compiled are only for the organized market including market share data.

Partial List of Companies Interviewed Key Secondary Sources

▪ Adani Group

▪ Agro Tech Foods Limited

▪ Mother Dairy Fruit & Vegetable Pvt Ltd

▪ Bunge India Pvt Ltd

▪ Cargill India

▪ Patanjali Ayurved Limited

▪ Emami Agrotech Ltd.

▪ Vimal Oil & Foods company

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

© TechSci Research


INDUSTRY BRIEF

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.

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.

https://www.techsciresearch.com/report/india-extruded-snacks-market-by-type-potato-corn-rice-and-mixed-grain-extruded-snacks-by-region-by-company-forecast-opportunities-2021/657.html


SAMPLE DATA - SNAPSHOT

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00

FY2015 FY2019 FY2020E FY2025F

By Value (USD Million)

By Volume (Million Tonnes)

India Edible Oil Market Size, By Value (USD Million), By Volume (Million Tonnes) FY2015-FY2025F

CAGR By Value & Volume

XX%CAGR By Value & Volume

YY%

North India Edible Oil Market Size, By Type, By Value, FY2015-FY2025F

17%17%17%17%17%17%17%17%17%17%17%

17%17%17%17%17%17%17%17%17%17%17%

17%17%17%17%17%17%17%17%17%17%17%

17%17%17%17%17%17%17%17%17%17%17%

16%16%16%16%16%16%16%16%16%16%16%

16%16%16%16%16%16%16%16%16%16%16%

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020E

FY2021F

FY2022F

FY2023F

FY2024F

FY2025F

Mustard Oil Soybean Oil Sunflower Oil Palm Oil Olive Oil Others

North India Edible Oil Market Size, By Distribution Channel, By Value, FY2015-FY2025F

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020E

FY2021F

FY2022F

FY2023F

FY2024F

FY2025F

Modern Grocery Retail Traditional Grocery Retail Online Retail Direct/Institutional Sales


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REPORT NAME: INDIA EDIBLE OIL MARKET

FORECAST & OPPORTUNITIESFY2015 – FY2025

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas

to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting

models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or

complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results

obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together

with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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