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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Sunflower Oil Market Size
The India sunflower oil market reached around 2.71 MMT in 2023. The market is projected to grow at a CAGR of 7.3% between 2024 and 2032 to reach nearly 5.11 MMT by 2032.
| India Sunflower Oil Market Report Summary | Description | Value |
| Base Year | MMT | 2023 |
| Historical Period | MMT | 2018-2023 |
| Forecast Period | MMT | 2024-2032 |
| Market Size 2023 | MMT | 2.71 |
| Market Size 2032 | MMT | 5.11 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 7.3% |
| CAGR 2024-2032 - Market by End Use | Food Services | 7.4% |
| CAGR 2024-2032 - Market by Distribution Channel | Online Channel | 12.7% |
| CAGR 2024-2032 - Market by Region | East India | 7.8% |
| 2023 Market Share by Distribution Channel | Online Channel | 6.1% |
India Sunflower Oil Market Outlook
- In 2020, Indian farmers cultivated sunflower crops on 225.8 thousand hectares of land.
- The production of sunflower crops surged by 7% in 2020-21 and reached 228.32 thousand tons.
- India mainly imports sunflower oil from Russia in large quantities.
India Sunflower Oil Market Growth
Sunflower is one of the major oilseed crops of India. Karnataka has the highest area of land under sunflower cultivation (56.5%), followed by Maharashtra (12.2%), Andhra Pradesh (3.9%), and Odisha (7.3%). Besides, Karnataka (48.6%), Maharashtra (5.7%), and Odisha (9.9%) are the leading producers of sunflower oil in the country, followed by Andhra Pradesh and Haryana.
The consumption of edible oils has risen steadily in India, with rural households constituting nearly 81% of the overall increase. This is attributed to high accessibility to local crops and high awareness about the health benefits of sunflower oil.
In the urban and rural regions of Gujarat, consumption of sunflower oil has risen from 9.8% and 7.5% in 2016-17 to 18.1% and 9.8% in 2020-21 (respectively). In Madhya Pradesh, its consumption has risen to 10%. A substantial portion of Tamil Nadu’s urban population consumes sunflower oil, with consumption rising to 57.5% in 2020-21. Sunflower oil is preferred by 50.8% of families in urban areas and 30.2% of families in rural regions in the state because of its numerous benefits and applications. Similarly, in the urban and rural areas of West Bengal, sunflower consumption has recorded a growth of 0.6% and 0.9%, respectively, between 2016 and 2020.
India Sunflower Oil Industry Segmentation
India Sunflower Oil Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Linoleic Oil
- Mid-Oleic Oil
- High-Oleic Oil
Market Breakup by Product Type
- Processed
- Virgin
Market Breakup by End Use
- Food Services
- Retail
- Others
| CAGR 2024-2032 - Market by | End Use |
| Food Services | 7.4% |
| Retail and Household | XX% |
| Others | XX% |
Market Breakup by Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Channel
- Others
| CAGR 2024-2032 - Market by | Distribution Channel |
| Online Channel | 12.7% |
| Hypermarkets/Supermarkets | 7.8% |
| Convenience Stores | XX% |
| Others | XX% |
Market Breakup by Region
- East India
- West and Central India
- North India
- South India
| CAGR 2024-2032 - Market by | Region |
| East India | 7.8% |
| West and Central India | 7.5% |
| North India | XX% |
| South India | XX% |
India Sunflower Oil Market Share
Based on region, the market is divided into East India, West and Central India, North India, and South India. Over the forecast period of 2024-2032, East India is projected to grow at a CAGR of 7.8% due to the widespread accessibility and rising awareness of the associated health benefits of sunflower oil.
| 2023 Market Share by | Distribution Channel |
| Online Channel | 6.1% |
| Hypermarkets/Supermarkets | XX% |
| Convenience Stores | XX% |
| Others | XX% |
Leading Companies in the India Sunflower Oil Market
Major market players are capitalising on the rising health consciousness in the country by introducing organic and healthy sunflower oil rich in saturated fat, vitamin E, and fatty acids.
- Adani Wilmar Limited
- Patanjali Foods Ltd.
- Cargill, Incorporated
- Emami Agrotech Ltd.
- Bunge Limited
- Gemini Edibles & Fats India Limited
- Gokul Agro Resource Ltd.
- Vimal Oil & Foods Ltd.
- Raj Mills Ltd.
- K. S. Oils Limited
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Product Type |
|
| Breakup by End Use |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
India Sunflower Oil Market Report Snapshots
India Sunflower Oil Market Size
India Sunflower Oil Market Growth
*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 reached nearly 2.71 MMT in 2023.
The market is projected to grow at a CAGR of 7.3% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around 5.11 MMT in 2032.
The different types of sunflower oil in the market are linoleic oil, mid-oleic oil, and high-oleic oil.
The different product types in the sunflower oil market include processed and virgin.
The different end uses of sunflower oil are food services and retail, among others.
The different regions covered in the market report are East India, West and Central India, North India, and South India.
The key market players are Adani Wilmar Limited, Patanjali Foods Ltd., Cargill, Incorporated, Emami Agrotech Ltd., Bunge Limited, Gemini Edibles & Fats India Limited, Gokul Agro Resource Ltd., Vimal Oil & Foods Ltd., Raj Mills Ltd., and K. S. Oils Limited among others.
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