Edible Oil Market in India is projected to grow from around $ 21.5 billion in 2019 to $ 35.2 billion...
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Transcript of Edible Oil Market in India is projected to grow from around $ 21.5 billion in 2019 to $ 35.2 billion...
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
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
3© TechSci Research
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
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1 By Type
6.2.2. By Distribution Channel
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Table of Contents
S. No. Contents Page No.
7. East India Edible Oil Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1 By Type
7.2.2. By Distribution Channel
8. West India Edible Oil Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1 By Type
8.2.2. By Distribution Channel
9. South India Edible Oil Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1 By Type
9.2.2. By Distribution Channel
10. Market Dynamics
10.1. Drivers
10.2. Challenges
5© TechSci Research
Table of Contents
S. No. Contents Page No.
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
Research Methodology
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.
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Research Methodology
• 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
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Research Methodology
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
11© 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.
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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
13© TechSci Research
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REPORT NAME: INDIA EDIBLE OIL MARKET
FORECAST & OPPORTUNITIESFY2015 – FY2025
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Custom Research License $7500
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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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