The Indian rapeseed oil market is estimated to grow at a CAGR of around 7% during the forecast period. Rising incomes and more open trade management induced a driving consumption growth, which has resulted in increased rapeseed oil supplies coupled with lower domestic prices. In India, most of the rapeseed oil is used in food preparation, with more utilization in the household, and a trivial share in food processing. 

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According to a report published by the US Department of Agriculture (USDA) in 2019, in India, the use of oilseeds in food is expected to rise by more than 12%, driven by steady growth in demand for value-added food products made from oilseeds. Additionally, the consumer-driven development of the animal products sector, resulting in a complementary rise in demand for commercial feeds, is expected to be substantial for the future development of the rapeseed oil and products industry in India.

Although India largely does not import rapeseed oil, its vegetable oil consumption is now expanding aggressively while the rest of the world has stalled. After remaining flat for the last few years, overall vegetable edible oils production is expected to rise significantly, with rapeseed oil forecasted to 2.7 MMT (million metric tons), according to USDA. Regardless of more open oil import policies, favorable policy changes, and extensive policy involvement will continue to affect rapeseed oil trade, production, as well as processing in the country, which will play a pivotal role in the future growth of rapeseed oil and product trade in India.

The Indian rapeseed oil market is segmented on the basis of end-user that include food processing, cosmetics, and personal care, biofuel, and other. Major producers have experienced a lucrative boom in rapeseed oil in the last few years. Producers have expanded significantly to meet the increasing demand for rapeseed oil. A large number of domestic players have entered the edible oil market, driving market growth. Advantage Oil Pvt. Ltd., Ashri Menthol Pvt., Ltd., K. S., Oils, Ltd. and Ruchi Soya Industries, Ltd. are some of the major players working in the market.

Research Methodology

The market study of the Indian rapeseed oil market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of the Indian rapeseed oil market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian rapeseed oil market.
• Insights about market determinants which are stimulating the Indian rapeseed oil market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.