Between 2014 and 2023, the non-food use of palm oil in India has shown significant fluctuation, with a notable rise in 2015, and substantial drop-offs in 2016 and 2018. The sector stabilized from 2019 onwards with modest annual growths, culminating in a 2023 value of 6.75 million metric tons. The year-on-year variation in 2023 was 0.66%, reflecting stable but slow growth. Over the last five years, the compound annual growth rate (CAGR) was 0.89%, indicating moderate expansion.

Future trends to watch for include:

Expected consistent growth with a forecasted CAGR of 0.48% from 2023 to 2028, reaching 6.96 million metric tons by 2028.
Potential impact of regulatory policies on sustainable and non-food usage of palm oil.
Technological advancements in the non-food sectors, such as biofuels and industrial applications, likely driving demand.