The forecast for oilseeds used in non-food applications in India shows a steady increase from 20.0 thousand metric tons in 2024 to 22.0 thousand metric tons by 2028. Given that the 2023 actual figures were not provided, deriving a clear year-on-year variation before 2024 is challenging. However, the forecasted compound annual growth rate (CAGR) over the five years is approximately 2.4%, indicating a moderate yet consistent increase reflecting stable demand.
Future trends to watch for include:
- Increasing demand for industrial oils and biodiesel production could drive further growth.
- Sustainability initiatives and policy changes may influence feedstock preferences, affecting oilseed demand.
- Technological advancements in oil extraction and processing might improve efficiencies, further impacting demand.
