The per capita volume of the coconut oil market in India for 2024 is forecasted to be 0.09 kilograms, remaining stable from the forecasted 2023 value. The volume remains constant at 0.09 kilograms per capita through 2025, before declining to 0.08 kilograms per capita in 2026, and further down to 0.07 kilograms per capita in both 2027 and 2028. This suggests a shift in consumption patterns, with an average annual decrease over the five-year period.
Year-on-year, the volume per capita declines by approximately 11.1% from 2025 to 2026, and by 12.5% from 2026 to 2027, with no further change from 2027 to 2028. Over the last two years, the decline has been more pronounced, reflecting changing consumer preferences or possible market disruptions.
Future trends to watch for include the impact of health trends on coconut oil consumption, competition from alternative oils, and shifts in domestic production capacities. Monitoring these factors will be crucial for understanding market dynamics and forecasting long-term trends.
