The market is dominated by foreign suppliers, as imports account for 58.0% of total market size in 2022. Households drive market demand, with household spending representing 62.5% of total demand in 2022. India has the second largest market size for vegetable and animal oils and fats regionally, with demand reaching USD34.9 billion in 2022. Adani Wilmar Ltd is the largest company in India, generating 10.6% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 24.7% of total production value in 2022. The total number of companies decreases in 2022, to 4,434,559 units. The costs of the industry increase by 1.3% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 4.5% of production value in 2022, the 16th highest regionally. The industry’s exports share increases in 2022 to 31.9% of total production output. With production value of USD24.0 billion, India accounts for 6.3% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Vegetable and Animal Oils and Fats in India: ISIC 1514. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Vegetable and Animal Oils and Fats in India: ISIC 1514 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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