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Report Overview

The India palm oil market is projected to grow at a CAGR of 9.80% between 2025 and 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • According to the data by the Union Minister of Agriculture, India produced 28 thousand metric tons of palm oil in 2020-21.

  • According to a report published by ITA in 2024, there will be triple consumption of biofuels in the next five years.

  • According to industry reports, the Indian market size for care and hygiene was $15.050 billion in FY22.

Compound Annual Growth Rate

Value in USD Million

9.8%

2025-2034


India Palm Oil Market Outlook

*this image is indicative*

India Palm Oil Market Growth

Palm oil is used for the processing of various food products and is widely used to produce cooking oil, baked goods, snacks, and processed foods. Due to their high stability and resistance to oxidation, they are widely used by food manufacturers to enhance product shelf life and quality. Additionally, palm oils are available at low prices, making them suitable for wide-scale industrial applications.

In July 2023, India conducted a mega plantation drive under the National Mission for Edible Oils to expand its oil palm cultivation in India. This drive was supported by many palm oil companies, like Patanjali Food Pvt. Ltd., Godrej Agrovet, and 3F. State governments collaborated to cover approximately 7750 hectares across different states of India, covering its southern and northeastern parts.

Palm oil serves as a raw material for many consumer products, such as cosmetics, household products, and biofuel production. Due to its lower cost of production and moisturising properties, palm oil is used as a key ingredient in the formulation of soaps, lotions, creams, and cosmetics. Due to their cleansing properties, many big brands use them as an active ingredient in soap and detergent production.

India Palm Oil Industry Segmentation

India Palm Oil Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Application

  • Food Products
  • Consumer Products

Market Breakup by Region

  • North India
  • East and Central India
  • West India
  • South India

India Palm Oil Market Share

To boost oil palm production to 10 lakh ha and Crude Palm Oil output to 11.20 lakh tonnes by 2025-26, India launched the National Mission for Edible Oils - Oil Palm in August 2021. This initiative reduced imports and promoted self-reliance. In 2023, state governments and companies like Patanjali, Godrej Agrovet, and 3F began a Mega Oil Palm Plantation drive across major states such as Andhra Pradesh, Telangana, Tamil Nadu, Odisha, Karnataka, Goa, Assam, Tripura, Nagaland, Mizoram, and Arunachal Pradesh.

Leading companies in the India palm oil market

The palm oil market growth is driven by rising consumption of palm oil-rich food products across the country, government push for biofuels, and increasing demand for cosmetic products among youth.

  • Patanjali Foods Limited
  • COFCO International
  • Edible Group
  • Godrej Agrovet Limited (Godrej Industries Limited)
  • Gokul Refoils & Solvent Ltd
  • KS Oils Limited
  • Oil Palm India Ltd.
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 9.80% between 2025 and 2034.

The revenue generated from the palm oil market is expected to reach USD XX billion in 2034.

The key players in the market are Patanjali Foods Limited, COFCO International, Edible Group, Godrej Agrovet Limited (Godrej Industries Limited), Gokul Refoils & Solvent Ltd., KS Oils Limited, and Oil Palm India Ltd., among others.

The palm market is categorised based on application, which includes food products and consumer products production.

Based on region, the market is broken down into North India, East and Central India, West India and South India.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • Region
Breakup by Application
  • Food Products
  • Consumer Products
Breakup by Region
  • North India
  • East and Central India
  • West India
  • South India
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Patanjali Foods Limited
  • COFCO International
  • Edible Group
  • Godrej Agrovet Limited (Godrej Industries Limited)
  • Gokul Refoils & Solvent Ltd
  • KS Oils Limited
  • Oil Palm India Ltd.
  • Others

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