The Indian rapeseed oil market is expected to exhibit a rapid CAGR during the forecast period (2020-2026). Oilseeds and oilseed products have emerged as one of the fastest-growing components of global and United States agricultural trade, with developing countries accounting for most of the growth in both supply and demand. Since India is one of the fastest developing countries, it has become the primary source of growth in demand for rapeseed oil. India is also the second most populated country in the world, as well as the third-largest economy in Asia, with low productivity in domestic rapeseed production, higher incomes, and favorable regulations of rapeseed oil imports have driven intensifying trade in the country.
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Solid growth in urbanization and increasing incomes are stirring the demand for a more assorted range of foods including rapeseed oils. The demand for traditional food staples has been outpaced by rapeseed oil and products, with a significant boom in the country. Consumption of rapeseed oil is now rising at a flourishing rate with use in restaurants, food shops, food preparation at home, and, to a lesser extent, in food processing firms. Consumption of edible oil in the country is increasing, resulting in rising incomes, and thus, paving the way for an open-trade region, which has led to lower domestic rates coupled with growing rapeseed oil supplies. In addition, the consumer-driven development of animal products’ sector in India, and associated growth for commercial feeds, is substantial for India’s rapeseed oil and products industry’s future development.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
India Rapeseed Oil Market Report Segment
By End-User
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