The analysis of oilseeds processing in India reveals a fluctuating growth pattern from 2014 to 2023, with significant dips in 2015 followed by gradual recovery. In 2023, the sector stood at 32.24 million metric tons, showing a marginal year-on-year increase of 0.25% and a minor negative CAGR of -0.17% over the past five years. The forecast from 2024 onwards indicates steady growth, with a forecasted 5-year CAGR of 0.18%, reaching 32.61 million metric tons by 2028.
Future trends to watch for include technological advancements in processing, government policies to boost agricultural productivity, and global market dynamics affecting export and import scenarios. Adapting to these trends will be crucial for sustained growth in the oilseeds processing industry in India.
