Based on the data provided, the domestic food consumption of palm kernel oil in India is forecasted to increase steadily from 46.0 thousand metric tons in 2024 to 50.0 thousand metric tons in 2028. In 2023, this value stood at 45.0 thousand metric tons. Year-on-year, the variations show a consistent growth rate of approximately 2.17% annually over the forecast period. The compound annual growth rate (CAGR) for palm kernel oil consumption in India from 2023 to 2028 is estimated at 2.17%.
Future trends to watch for include potential changes in consumer preferences towards healthier oils, the impact of government regulations on palm oil imports, and the influence of domestic palm oil production on supply and demand dynamics. Additionally, monitoring the international market conditions and price volatility will be crucial for understanding the trajectory of palm kernel oil consumption in India.
