In 2023, the coconut oil market in India stood at 135.0 thousand metric tons. Forecasted values show a declining trend from 2024 to 2028, starting at 127.0 thousand metric tons in 2024 and reaching 94.0 thousand metric tons by 2028. The year-on-year declines are:
- 2024 to 2025: -6.3%
- 2025 to 2026: -7.6%
- 2026 to 2027: -7.3%
- 2027 to 2028: -7.8%
Overall, the compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is -6.9%, indicating a consistent decrease in the coconut oil market volume.
Future trends to watch for include potential shifts in consumer preferences toward alternative oils, impacts of climate change on coconut yields, and policy changes affecting the agriculture and oil industry.
