The per capita consumption of palm oil in India is forecasted to increase gradually from 1.84 kg in 2024 to 1.97 kg by 2028, demonstrating consistent annual growth. Comparing with 2023, which stood at 1.81 kg, the yearly growth rates are approximately 2.2% (2024), 2.2% (2025), 1.6% (2026), 1.6% (2027), and 1.5% (2028) with a CAGR of about 1.8% over five years.
Future trends to watch for include:
- Increased health awareness potentially influencing consumption patterns.
- Regulatory changes impacting import tariffs and palm oil production sustainability.
- Economic and population growth effects on per capita consumption.