Edible Oil Industry in India

The per capita consumption of Edible Oil in India is around 15 kgs which is lowest when compared to China 24 kgs, Brazil 18 kgs and USA 48 kgs. In terms of volumes, palm oil, soya bean oil and mustard oil are the three largest consumed edible oils in India, with respective shares of 46%, 16% and 14% in total oil consumption.

In India, Edible Oil industry is dependent on vagaries of monsoon as like other agriculture products. There are 14 million farmers are involved in edible oil crops. India, in order to cater to rising demand, India imports refined edible oil or crude stock to meet the demand-supply gap.
Further Edible oil is placed in OGL with zero duty, and lack of good quality feedstock locally makes India the largest importer of edible oil.
The demand for edible oils in India has shown a steady growth at a CAGR of 4.43% over the period from 2001 to 2015.

Some of the challenges faced by the industry is from the supply side – there is a shortage of feedstock which results in idle plant and what is driving the industry is negligible import duty makes it a viable option to import feedstock.

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Yes. Currently, there is a demand mis-match of edible oils. India has imported 15.0 million tonnes of edible oil in the year 2019, while the production is around 7.0 millon tonnes. So, with consumption rising every year, India has to import edible oils – both in refined and crude form to meet their local refineries.

India produces around 7.0 million tonnes of edible oil per year. In the year 2019, the production was around 7.5 million tonnes. India is the fifth largest producer of edible oil seeds (31.4 million tonnes ), however there is a big gap between production and consumption (90 million tonnes )

The current market size of edible oil industry is around USD 21.5 billion which is expected to reach USD 35.0 billion by the year 2025.

India produces- rapeseeds, soybean, peanut, groundnut, gingelly -til seeds, copra, cottonseeds and sunflower seeds.

To reduce the import of edible oils in the country, the Indian Government is focussing on increasing production and productivity of oilseeds and area expansion under Oil Palm & Tree Borne Oilseeds for enhancing domestic availability of edible oils.

National Mission on Oil Seed and Oil Palm (NMOOP) had been launched by the Government from 2014-15 for increasing production and productivity of Oilseed crops including mustard and soybean in the country.

The scheme is now merged with National Food Security Mission from 2018-19 as NFSM-Oilseeds & Oil Palm.

It has also has placed the import of refined palm oil in the ‘restricted’ category with effect from 8th January, 2020.

This is likely boost consumption of our domestically produced oils in this country.

India imports around 8.8 million tonnes of palmolein oil in the year 2018-2019.

To reduce the import of palmolein oils in the country, the Government has focused upon
increasing production and productivity of oilseeds and area expansion under Oil Palm & Tree
Borne Oilseeds for enhancing domestic availability of edible oils.

No. Currently, India do not use genetically modified oil seeds in cultivation

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List of Edible Oil Manufacturers in India

Abhishek Solvent Exts Ltd

Able Oils And Agro Pvt Ltd

Acalmar Oils Fats Ltd

ACI Oils Pvt Ltd

Adani Food Products Pvt Ltd

Adani Wilmar Ltd

Adithya Agro Allied Oils

Aditi Oil Ltd

Aditya Oil Industries

Agarwal Industries Pvt Ltd