Forecast: Rapeseed Domestic Consumption in India

The rapeseed domestic consumption in India is forecasted to increase from 11.7 million metric tons in 2024 to 12.29 million metric tons by 2028. Compared to 2023, when consumption stood at 11.55 million metric tons, the forecast suggests a consistent upward trend. Year-on-year growth rates highlight gradual increases: approximately 1.28% from 2024 to 2025, 1.27% from 2025 to 2026, 1.17% from 2026 to 2027, and 1.23% from 2027 to 2028. The compound annual growth rate (CAGR) over the five years is projected to be around 1.24%, indicating a steady increase in domestic demand.

Future trends to watch for include:

  • Fluctuations in global rapeseed prices, which could affect domestic consumption patterns.
  • Changes in dietary preferences and increased awareness of health benefits potentially driving demand.
  • Government policies and subsidies impacting production and consumption rates.
  • Technological advancements in agriculture that enhance yield and efficiency.

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