India palm oil market size
is anticipated to reach USD 13.1 billion by 2025, according to a new report by
Grand View Research, Inc Refined derivatives are widely being utilized in
food owing to their lower price in comparison to other conventional edible oils
derived from groundnut, soybean and sunflower.
Rapid urbanization, and
changing lifestyles backed by increasing disposable income in India have
influenced consumption trends of consumers. Increasing consumption in food
& beverages and cosmetics industry is a key factor likely to boost overall
growth. A positive factor in the Indian production scenario is a significant
growth in the acreage, which registered a CAGR of approximately 20% over the
past five years.
Improving yield coupled
with reducing wastage during production by has created improved business
environment in India. In order to encourage domestic cultivation, the
government provides subsidies of up to INR 7,000 per hectare for farmers.
Furthermore, to ease capital inflows, the government also allowed 100% FDI
through automatic route.
The lubricants segment
is anticipated to exhibit steady growth owing to increasing demand for numerous
commercial and industrial products including detergents, soaps, shampoos and
cleaners.
Access Research Report of Indian Palm Oil Market @:
Further Key Findings from the Study Suggest:
· From 2016 to 2025, CPO is projected to
register growth rates above 8%, which can be attributed to lowered import
duties. CPO import volume was nearly 6.50 million tons in 2014
· Indonesia and Malaysia accounted for
approximately 90% of the imports in 2015. Kandla, Krishnapatanam, Kolkata,
Kakinada, Mangalore and Nhava Sheva were the leading ports of entry from 2014
to 2016
· Export taxes of CPO in Indonesia and
Malaysia range from 7.5%-22.5% and 4.5%-8.5% respectively. These countries use
futures exchange (Bursa Malaysia), FOB quotes, and CIF prices as benchmarks
· Edible oil applications accounted for
nearly 95% of the consumption volume in 2015. The segment growth is further
expected to be driven by high demand from processed foods, fast food chains,
and households
· As of 2015, fresh fruit bunch (FFB)
produced was 1.18 million tons while oil extraction rate stood at 17%.
Improving extraction rates is paramount for domestic producers
· Increasing acreage is critical for
sustainability of the domestic industry. As of 2015, the potential cultivation
area identified stood at 1.93 million hectares while only 0.2 million hectares
were planted.
· Key companies operating in this market
include Ruchi Soya Industries, Kamani, Acalmar Oils & Fats, AdaniWilmar,
Anik Industries, Aditya Engineers, Sundex Process Engineers Pvt. Ltd., Brissun
Technology Pvt. Ltd. and Cargill India
Grand View Research has
segmented the India palm oil market on the basis of product and application:
India Palm Oil Product Outlook (Volume, Tons; Revenue,
USD Million; 2014 - 2025)
·
Crude palm oil
o
RBD palm oil
o
Palm stearin
o
RBD palm olein
o
Crude palm olein
·
Palm kernel
o
Palm kernel oil
o
Palm kernel cake
India Palm Oil Application Outlook (Volume, Tons;
Revenue, USD Million; 2014 - 2025)
·
Edible oil
·
Cosmetics
·
Bio-diesel
·
Lubricants
·
Surfactants
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
