The groundnut oil market size in India, measured in kilograms per capita, stood at 1.26 in 2023. Forecasted data for the upcoming years indicates a steady increase in per capita volume: 1.28 in 2024, 1.3 in 2025, 1.32 in 2026, 1.34 in 2027, and 1.37 in 2028. This shows consistent growth, with year-on-year increases of approximately 1.56% in 2024, 1.54% in 2025, 1.54% in 2026, 1.52% in 2027, and 2.24% in 2028. The compound annual growth rate (CAGR) over the forecasted period is around 1.69%, reflecting a stable upward trend.
Future trends to watch for include potential impacts from shifts in agricultural practices, changes in consumer preferences towards healthier oils, and possible economic factors influencing groundnut production and pricing. Monitoring regulatory changes and technological advancements in oil extraction processes will also be key to understanding future market dynamics.
